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​U.S. Dollar Chequing Account

A basic operating account for transacting in U.S. dollars. With this  account, deposit and withdraw as you need to, while saving on exchange fees.

Contact your preferred branch to open this account.

Key Features

Incoming wires deposited in U.S. dollars
Funds will be received in U.S. dollars and will not need to be automatically converted to Canadian dollars.

Save money
Avoid currency exchange fees when travelling between the two countries.

Write cheques from your U.S. account.

Simple transfers
Move funds between your Canadian and U.S.dollar accounts.

Account Features

Monthly Fee None
Credit transactions – In branch deposits (cash or cheques) only 1Free
Debit transactions – In branch withdrawals onlyFree
Debit transactions – Transfers between IC Savings Canadian and U.S. dollar accountsFree
Monthly eStatement  – Includes cheques image(s), front onlyFree


Click here for more information about all other account services and related fees.

FSRA's deposit insurance program does not cover foreign currency accounts. Learn more.

Terms and Conditions

1 U.S. dollar cheques that are deposited are subject to a 15-day hold.