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.
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.
Avoid currency exchange fees when travelling between the two countries.
Write cheques from your U.S. account.
Move funds between your Canadian and U.S.dollar accounts.
|Credit transactions – In branch deposits (cash or cheques) only 1||Free|
|Debit transactions – In branch withdrawals only||Free|
|Debit transactions – Transfers between IC Savings Canadian and U.S. dollar accounts||Free|
|Monthly eStatement – Includes cheques image(s), front only||Free|
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.