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Should I keep my US bank account?

I'm on the move

         

Timotheos

7:13 pm on Jun 23, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Hi there,

I'm moving from the US to Canada and once I get there my plans are to set up a Ecommerce site that sells widgets worldwide. I'm wondering if I should keep my US bank account? Are there any advantages or should I close it?

Thanks,
Tim

CygnusX1

6:48 pm on Jun 24, 2005 (gmt 0)

10+ Year Member



I use US Bank and they own Nova, which processes the visa credit cards and puts them in your account the next day {Normaly}.

I would keep it.

tyqcanada

4:12 pm on Jun 26, 2005 (gmt 0)

10+ Year Member



It's quite easy to get a USD bank account in Canada so I don't really see any advantage to keeping your existing one. I have a USD Business Account with RBC and I can even transfer from Paypal to it if it was located in the US.