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I went to my Credit Union yesterday and I asked them if they offer a checking and/or saving account in Canadian Dollars. Unfortunately, they don't offer such account.

Where can I open one? Is it possible?

Thanks!

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Where are you located? I know of several banks that offer this, but they operate in only parts of the country. –  Matthew Read Jan 9 '11 at 21:36
    
Matt: Washington State –  Martin Jan 9 '11 at 23:26
    
Note that besides a CAD-denominated savings account, you might also be able to buy Canadian money-market funds with USD from a brokerage (or with CAD; I know E*Trade offers access to Canadian exchanges from their global-trading account, and I assume there's some money-market funds you can get there. Of course, you'll have to pay a small markup on the currency exchange for that.) They're not exactly the same and are a hair riskier (you can, theoretically, lose a small portion of your money in a big crisis) but they should have similar performance characteristics. –  fennec Jan 15 '11 at 22:45

3 Answers 3

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I'd look into HSBC. They operate in Washington as well as across the border in BC. If you can't open a CAD account locally, they can help you open and manage one in Canada from the US. It may or may not require having a small business account instead of a personal account.

If you can make the trip to BC yourself, I'd recommend opening an account with TD. They are apparently the only Canadian bank that will allow non-residents/citizens to open an account. The customer service is great and they have a good online banking site that should allow you to manage it from the US.

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Give Harris Bank a call; they might be able to help you

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To add to Michael's answer: Harris Bank is owned by a large Canadian bank, Bank of Montreal (BMO). –  Chris W. Rea Jan 10 '11 at 14:24
    
It's Midwest-based with no branches in Washington. –  Matthew Read Jan 12 '11 at 17:39

Royal Bank in Canada can open an account for you in the US through RBC (the US affiliate to Royal Bank of Canada) I think it's called RBC Access USA.

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