I'm getting ready to move to Vancouver for a job and I'm curious about how to deal with my paychecks. Will I have to open a Canadian bank account or can I continue to use my American bank?
2007-02-15 04:30:37 · 2 answers · asked by SaraJane 1 in Business & Finance ➔ Personal Finance
It would cost you less to open a Canadian bank account and you will have quicker access to your funds.
Your American bank would deposit your check 'Specially" and might even charge a fee for converting Canadian dollars to American. That process might take as long as 7-10 days
2007-02-15 04:51:01 · answer #1 · answered by Ronatnyu 7 · 1⤊ 0⤋
You can. The bank will take care of the conversion. The rate will be the rate that was posted on the date of the deposit. You may want to check with your bank about fees though, some charge conversion fees and some don't depending on your type of account.
2007-02-15 12:39:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋