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)
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)
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.