Getting paid in US dollars

While doing my banking yesterday, I noticed the Royal Bank has a push on their US bankRBC Bank.

 

If you get a lot of your payments in US dollars you may want to take a look at it.

 

The idea is you get paid in USD and direct PP to deposit to your US bank.

Then you direct RBC Bank to transfer the money to your USdollar account in the Royal Bank.

 

And there is no foreign exchange, unless or until you make the change from your US dollar account to your Cdn dollar account- both being with the Royal Bank.

 

There are fees at RBC Bank, so it may not work well if you only have a few hundred US dollars a month or less.

Message 1 of 1
latest reply
0 REPLIES 0