​U.S. Chequing Account

Enjoy the flexibility of a chequing account with funds held in US dollars (USD). With this account, receive wires in USD without converting to Canadian dollars.

Contact your preferred branch to open this account.

The Stature of Liberty, a national monument on Ellis Island, NY.

Key Features

Save money
Hold balances in USD and avoid conversion costs.

Easy transfers
Move funds between your Canadian and U.S. accounts at IC Savings.  

Easy withdrawals when travelling
When travelling in the US, withdraw cash from ATMs on THE EXCHANGE® network using your Member Card® debit card. Just look for the Accel network logo.

Account Fees

Monthly Fee None
Credit Transactions – Unlimited in-branch and electronic fund depositsFree
Debit Transactions –  Unlimited In-branch withdrawalsFree
Debit Transactions - Cheques drawn on account$5.00 each
Electronic Funds Debits (Pre-authorized Payments)$5.00 each
Transfers – Between your Canadian and U.S. dollar accounts at IC SavingsFree
Monthly eStatementFree
Monthly statement - Printed and mailedFree

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

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

Terms and Conditions

1  THE EXCHANGE® is a registered trademark licensed for use in Canada by Ficanex Service Limited Partnership.

2 Member Card® is a registered certification mark owned by Credit Union Central of Canada, and is used under license.

3 Depending upon the ATM, the transaction may be surcharge-free. Otherwise, $3/transaction.