And I wonder if that's what the previous posters meant when they say it must be a US bank account and not just a US dollar account. Can anyone comment?
Yes, that's it exactly. My account is with the Bank of America and I'm quite happy with their service. I pay all of our US expenses through that account (mag. subscriptions, club dues, etc.) and my Paypal deposits are made with no charge. To bring my funds into Canada, I periodically write myself a cheque on the account and deposit it into my US dollar account with my Canadian bank - then I can convert to Canadian dollars at my bank's rate, when I feel it's the right time.
They were very helpful by phone when we set the account up and also when I wanted to add on-line banking capability.
Hope this helps, Glenda
Yes, that's it exactly. My account is with the Bank of America and I'm quite happy with their service. I pay all of our US expenses through that account (mag. subscriptions, club dues, etc.) and my Paypal deposits are made with no charge. To bring my funds into Canada, I periodically write myself a cheque on the account and deposit it into my US dollar account with my Canadian bank - then I can convert to Canadian dollars at my bank's rate, when I feel it's the right time.
They were very helpful by phone when we set the account up and also when I wanted to add on-line banking capability.
Hope this helps, Glenda
Hi finells,
If you read the blue right-hand sidebar, it states that they are unable to establish accounts for Canadians right now. We're so used to eBay using that space for advertising that it's easy to ignore it!
Glenda
If you read the blue right-hand sidebar, it states that they are unable to establish accounts for Canadians right now. We're so used to eBay using that space for advertising that it's easy to ignore it!
Glenda
Anne, it was quite a few years back (like maybe 15) but at that time, it was just a matter of applying (by mail and telephone) as a non-resident account. I don't know what the rules are now but at that time, as long as they had our signatures on their cards, which we did by mail, they were quite happy. I just added on-line banking about 4 months ago when they gave me a generic, non-resident SSN for logging in, also by telephone. Most US banks have 800 numbers that work from Canada - just Google the bank of your choice for their website. That Bank of America is www dot bankofamerica dot com and that site should give you the 800 number to get started.
As an aside, we have to fill out a form every couple of years to state that we are not carrying on a business in the US. Bear in mind that we are NOT doing business IN the US - we are doing business WITH the US - I'm sure Malcolm will confirm that there is a big difference.
Good luck -- it's worth the effort!!
Glenda
As an aside, we have to fill out a form every couple of years to state that we are not carrying on a business in the US. Bear in mind that we are NOT doing business IN the US - we are doing business WITH the US - I'm sure Malcolm will confirm that there is a big difference.
Good luck -- it's worth the effort!!
Glenda
Josephine, was there an 800 number listed on the website? I'd give them a call and explain that you'd like to open a non-resident account. I don't know what their current policy is - it has undoubtedly changed somewhat since we opened our account 15 or 20 years ago - but I know when I asked, by telephone, to add on-line banking to our account just a few months ago, they gave me a generic SSN number to use.
If necessary, I'd remind them that SOME US banks don't seem to understand that US Dollar cheques from Cdn banks, are usually clearable without charge, through a US bank affiliate. That you need the account to pay for the odd item you buy on eBay and similar expenses and that you'll be depositing a few PayPal payments. I think I'd downplay the Powerseller level of volume and just open a personal checking account.
Hope this works for you! Glenda
If necessary, I'd remind them that SOME US banks don't seem to understand that US Dollar cheques from Cdn banks, are usually clearable without charge, through a US bank affiliate. That you need the account to pay for the odd item you buy on eBay and similar expenses and that you'll be depositing a few PayPal payments. I think I'd downplay the Powerseller level of volume and just open a personal checking account.
Hope this works for you! Glenda
Sorry shooger, I guess I was posting at the same time you were. Is that right? Will the Bank of America no longer accept new Canadian accounts? I sure hope they don't discontinue existing ones!
Glenda
Glenda
