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Old 06-20-2011, 08:58 AM   #151
minnie56
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Well that is a HUGE bummer! I do so much banking back and forth with my Florida accounts! Ugh....

As for TD..my DD banks with TD in Manhatten, N.Y and we cannot transfer into her account from here...they say "that is a work in progress" and have been saying that for the 2 years we have had that account there. I can't even go into a TD branch here and send money to her account. So when she is short..she takes one of my RBC Florida cheques I have signed and deposits into TD that way.

Think I will call the Florida branch and see if they can enlighten me at all.....
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Old 06-20-2011, 09:35 AM   #152
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I emailed my Banker here at RBC ..her reply:


Here is a blurb from the circular we got today
"We will continue to offer RBC Access USA® products, including funds transfer between Canada and the U.S., the option of preferred foreign exchange rates and a no fee RBC Royal Bank US Dollar Visa Gold card. Cross-border banking clients will continue to have seamless access to funds and banking products such as mortgages, loans, automated teller machine (ATM) access, U.S. dollar accounts, debit and credit cards and integrated online banking."

I'll keep you in the loop as more information becomes available.


So, I guess we sit back and wait and see!!!! Grrrrrrrrr
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Old 06-21-2011, 07:07 PM   #153
minnie56
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Got this today:



To Our Valued Canadian Clients,


RBC recently announced that it is refocusing its U.S. growth strategy and has entered into an agreement with PNC Financial Services Group, Inc. to sell its regional U.S. retail banking operations, RBC Bank, to PNC.

RBC remains fully committed to the U.S. market and this transaction allows us to focus our efforts on our cross-border banking service, as well as our two largest U.S. businesses, RBC Wealth Management and RBC Capital Markets. If y ou have an existing relationship with either of these businesses, please know that this relationship is not impacted by the sale of RBC Bank.

As a highly-valued client to RBC in both Canada and the U.S., you can be assured we will continue to meet your consumer banking needs on both sides of the border with the same high quality service and products you expect. As such, subject to regulatory approval, RBC will maintain our existing cross-border banking platform to serve the cross-border consumer banking needs of current and future clients across the U.S.

We will continue to offer products such as RBC Access USA®, on-line funds transfer and foreign exchange capabilities that make it easy for you to manage your personal finances and consumer banking needs in Canada and in the U.S. In fact, we are committed to improving and expanding capabilities in this area in the future. RBC will also ensure access to funds through ATMs and day-to-day account servicing and support through our dedicated service number at 1-800-769-2553.

At this time there is no change or impact to your banking services or your accounts. The sale of RBC Bank is expected to close in March 2012, subject to regulatory approval. Over the coming months, you will receive further information about this transaction and any impacts to you as a result. In the meantime, please contact your banker either in Canada or the U.S. for any needs you may have.

On behalf of RBC Bank, thank you for your busin ess and we look forward to continuing to serve your needs on both sides of the border.

Sincerely,

Jim Westlake
Group Head, International Banking & Insurance
Chairman and CEO, RBC Bank
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Old 06-21-2011, 08:30 PM   #154
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Honestly, I'm not buying it.

I cannot really see how they expect PNC to continue supporting bank transfers to and from a foreign bank that is not part of their organisation. They'll likely want to quickly integrate RBC branches into their network, not maintain a separate network of banks solely for the purposes of cross-border banking.

I pulled all my money out and closed my accounts with them today. There were a number of people (basing solely on accents, mostly other expat Canadians, with a few Americans here and there) who were at the branch seemingly to do the same thing.
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Old 06-21-2011, 09:44 PM   #155
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I hear you...I have 2 accounts there. One with a somewhat substantial balance. I think that one I will transfer into my USD account here...just to be sure. The other one I keep minimal amount in basically to pay U.S credit cards as I use and for my DD to get money in N.Y. Worst case scenario...she can access her RBC acccount here and be assessed the ATM fee..no biggie.
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Old 07-06-2011, 12:40 PM   #156
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Quote:
Originally Posted by glendalais View Post
Honestly, I'm not buying it.

I cannot really see how they expect PNC to continue supporting bank transfers to and from a foreign bank that is not part of their organisation. They'll likely want to quickly integrate RBC branches into their network, not maintain a separate network of banks solely for the purposes of cross-border banking.

I pulled all my money out and closed my accounts with them today. There were a number of people (basing solely on accents, mostly other expat Canadians, with a few Americans here and there) who were at the branch seemingly to do the same thing.
They don't. The Access USA accounts aren't being sold to PNC.

RBC wants to keep their US banking license, and essentially become a virtual US bank (similar to ING) without a physical branch network, which will continue to serve Canadian customers.

I just opened an RBC Canada USD account, and still undecided on opening Access USA. Might wait and see how this all sorts out first.

Last edited by corster; 07-06-2011 at 12:45 PM.
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Old 08-18-2011, 01:44 AM   #157
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FX machines

Just to add a little info: BMO is doing a trial run in 4 branches of an ATM that will dispense common foreign currencies (USD, Euro, Pound Sterling), and if the trial is successful, the machines may be rolled out nation-wide.

I'm crossing my fingers that I will be able to withdraw from my USD account from that machine.

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Old 08-18-2011, 08:52 AM   #158
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Whatever it is, he said it is prone to these pits
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And Fanny's your Aunt"
 
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RBC have been doing this for some time now..

http://www.rbcroyalbank.com/usd-2011...90EE14577832C9

I use it all the time......
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Old 09-11-2011, 03:41 PM   #159
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We're looking into getting a US ING checking account (we do most of our grocery shopping in WA State, so a US account is becoming a necessity lol). Any thoughts on this?
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Old 09-27-2011, 10:26 AM   #160
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Sounds reasonable though I know little about ING banking I have insurance with them and they have always been excellent!

Seems RBC will continue to own the Canadian U.S banking within the PNC system so I am delighted! Business as usual for me.
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Old 11-12-2011, 09:55 AM   #161
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I'm sorry if this has been posted previously, there is just to many pages to go through to verify. If you have a CIBC account I would suggest to get their advantage card. It is a debit card however is used as a visa in the States. I have this card as I do not have a credit card. I shop in the States at least once a month and just state I'm using visa. It's good to use as well cause you can only spend whatever amount you have in your account and the rates are not bad either. There are no other fees for it either.
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Old 03-12-2012, 08:40 PM   #162
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Quote:
Originally Posted by KNovacovschi View Post
I'm sorry if this has been posted previously, there is just to many pages to go through to verify. If you have a CIBC account I would suggest to get their advantage card. It is a debit card however is used as a visa in the States. I have this card as I do not have a credit card. I shop in the States at least once a month and just state I'm using visa. It's good to use as well cause you can only spend whatever amount you have in your account and the rates are not bad either. There are no other fees for it either.
I have one of these, and they do charge a fee, it's a % of your purchase. Can't remember what it is, but if it's a large purchase, then the fee will be too. Wasn't happy when I read this.

I just got the CIBC U.S. Dollar credit card. $35 yearly fee, and if you pay it off right away, no other fees or interest. Don't know what will be better to use, the Advantage Debit/Visa card where they nickel & dime you, or the US credit card? We'll see.
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Old 03-12-2012, 08:49 PM   #163
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Quote:
Originally Posted by Sue M View Post
I have one of these, and they do charge a fee, it's a % of your purchase. Can't remember what it is, but if it's a large purchase, then the fee will be too. Wasn't happy when I read this.

I just got the CIBC U.S. Dollar credit card. $35 yearly fee, and if you pay it off right away, no other
fees or interest. Don't know what
will be better to use, the
Advantage Debit/Visa card where
they nickel & dime you, or the US
credit card? We'll see.
I have never been charged a fee.
If something costs say $10,
depending on what the exchange rate is, I only pay that amount. A
couple of mths ago when the
exchange was really good I would
actually paid less, for example if it
was $10.60 US it would be like
$10.40 CDN. I actually really enjoy
my debit visa card. I would recommend it to anyone. I also got a prepaid travel MasterCard from BMO. There is a one time $10 fee for it but is great as well. Since I don't have credit cards this was great to have to book vacation & airline tickets.
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Old 06-03-2012, 07:28 PM   #164
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Debit visa?

Quote:
Originally Posted by KNovacovschi View Post
I have never been charged a fee.
If something costs say $10,
depending on what the exchange rate is, I only pay that amount. A
couple of mths ago when the
exchange was really good I would
actually paid less, for example if it
was $10.60 US it would be like
$10.40 CDN. I actually really enjoy
my debit visa card. I would recommend it to anyone. I also got a prepaid travel MasterCard from BMO. There is a one time $10 fee for it but is great as well. Since I don't have credit cards this was great to have to book vacation & airline tickets.
Can you fill me in on where you got the debit visa you referred to? We are tired of paying the extra transaction fees on our canadian credit card for the exchange!
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Old 06-03-2012, 07:31 PM   #165
minnie56
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Quote:
Originally Posted by mommyof2girlies View Post
Can you fill me in on where you got the debit visa you referred to? We are tired of paying the extra transaction fees on our canadian credit card for the exchange!
It must be a USD debit card with a visa logo??
All credit cards add a service fee on top of the conversion rate.
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