Is there any Banks that are in the USA and Canada?

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TheMayor

I am not sure I understand your question. Do you mean is there a bank that offers services to people in both the US and Canada, or can you make deposits and withdraws from branches of a given bank throughout the US and Canada?

If the latter is your question than the answer is sort of. TD, Toronto-Dominion, bank is a Canadian bank that operates an investment brokerage house, under the name TD AMERITRADE formerly TD Waterhouse in the US. If you have a money market investment account with TD AMERITRADE you can access funds at branches throughout the US and Canada.

El Scorcho

No. We don't use money in North America. We just trade beads and services.

Webber

The Bank of Nova Scotia has branches all over. I was just holidaying in the US Virgin Islands and accessed the ScotiaBank ATM there.

To Canadians: have a ScotiaBank acct if you plan on travelling. Odds are there will be one where you are going.

moglie

Citifinancial in Canada does not operate as a bank where you deposit/take out money get interest/pay bills etc,but more of a money lending institution with outrageous rates of interest.

Level- 3 person

Do you mean banks like where you withdraw money and deposit and pay checks and stuff like that or a river bank? Anyway both countries have both those things

Lisa

CanTexan and Che jrw are wrong completely. Toronto Dominion bank operates several hundred offices mostly in northeastern states under the TD BankNorth moniker. In its USA development it identified its Canadian origins from the beginning and has been very successful.

Royal Bank of Canada has not been so successful. It owns banks situated throughout mostly eastern midwestern and mid-southern states. It has tried to hide its being Canadian, identifying itself only as RBC Bank. Apparently the masking attempt works as far as Che jrw is concerned because he has an account but doesn't seem to realize it's a retail office in the USA for the Canadian bank.

Also, Citibank has offices throughout Canada of a limited retail bank called Citifinancaire/Citifinancial.

Turtle~

i think CIBC, TD, i dunno. never really thought about it.

CanTexan

Each of the seven major Canadian banks has exactly ONE branch office open in the United States. Most of these are located in New York City, NY. These branches are kept open for international banking, basically.

As far as I know, NONE of the US banks have branches in Canada.

The reason for this is geography and the overall layout of the banking system in each country. The Canadian banks are NATIONAL banks, with hundreds of branches. The US banks are either LOCAL or (at best) STATE banks, with a couple of dozen branches.

On the good side, some major banking corporations on both sides of the border have 'agreements' between them, such that withdrawals from the US bank can be made on the Canadian bank card and vice versa, without undo 'branch fees' being added to the exchange hit you're going to take. The example I know of (from personal experience) is the Bank of Nova Scotia in Canada, matching up with Bank of America in the US.

Che jrw

There are no banks that operate in both Countries. However, some Canadian Banks have partner banks in the USA that make it easier to operate between countries.

I have an account from the Royal Bank that is a cross-border account. It means I also have an account from the 'RBC Centura' bank in SC, and on my online banking I can transfer funds seamlessly between the two. That way I can make a deposit in US funds, move my money to Canada, and then pay my Canadian bills.

Bank of Montreal has a similar partnership with Harris Bank in Chicago, and CIBC has a partnership with Chase bank in New York, however, the RBC account is the best in terms of low fees and ease of use.

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