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US DOLLAR CHEQUING ACCOUNT

Get US cash, pay bills, write cheques or transfer money from Canada to the US

  • 2 free debit transactions1 free
  • No minimum balance required
  • Deposit and withdraw US funds without converting currencies

$0 /monthly fee

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Fees

Monthly fee

$0

Free debit transactions

2

Additional fee

$1.50 USD

Minimum balance required

$0

Earn interest

View rate

Bill payments, ATM transactions and Interac® direct payments are not available with this account.

Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to see our account & service fees.

Is US Dollar Chequing right for you?

May be a good choice if you:

  • Make purchases in US Dollars
  • Want to earn interest in US Dollars
  • Make infrequent debit transactions

May NOT be a good choice if you:

  • Make regular transactions, bill payments and transfers in a currency other than US Dollars
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Benefits

We'll make banking easy

Bank anywhere

Pay your bills, check your balance, transfer money and more with our mobile app.

Pay with your phone

Add your debit or credit card to your mobile wallet for easier, safer payments with every tap.

Stay in the know

Keep informed on account activity with instant account alerts.

credit card

Unlock more value with a US Dollar Credit Card

  • Make purchases in the US without paying conversion fees every time you use your card
  • Pairing your USD chequing account with a USD credit card lets you pay your statement directly in US dollars, giving you control over when you convert currency
  • Whether it’s travel expenses, US retailers, or streaming services that bill in USD, enjoy seamless transactions and predictable costs.
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Frequently asked questions

What are debit transactions?

Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

How is interest calculated on this account?

This account calculates interest based on the tier to which the entire daily closing balance corresponds. The interest calculates daily and is paid at month end. Interest rates and balance tiers are subject to change at any time without advance notice. Refer to bank account interest rates for our current rates.

For illustrative purposes only:

Tier 1$0 - $4,9991.50%
Tier 2$5,0001.60%


Daily Closing Balance = $5,100
This account will calculate interest based on an interest rate of 1.60% on the entire $5,100 closing balance.

Look into our other products

Savings

Open a savings account to help your money grow and your goals take shape.

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Credit cards

Use a credit card to earn rewards and build your credit.

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We're here to assist you

Call us

1-888-597-1083

Monday to Friday: 8am - 8pm
Saturday: 8:30am - 4pm
Sunday: 11am - 3pm

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  • Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, outgoing Me-to-Me transfers, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Collabria credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.

  • Product terms, features and fees are subject to change, and we will provide appropriate notice as applicable and as may be required. Debit transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to see our account & service fees.