Canadian Banks in USA
TD Bank, BMO and RBC all have large US branch networks, however RBC just recently announced (June 20, 2011) that they have sold their regional US retail banking network which included over 400 branches located in 6 Southern US states to PNC Financial Services Group for $3.45 billion. The deal is expected to close in 2012 and will need to receive regulatory approval.
Scotiabank has Caribbean branches and operates 9 branches in the US Virgin Islands.
TD Bank operates branches in New England and the Northeastern part of the US under the business name TD Bank North. BMO has retail branch operations in Chicago-area under Harris Bank and as mentioned above RBC had branches located in North Carolina, South Carolina, Virginia, Georgia, Florida and Alabama under the RBC USA moniker.
RBC offers a suite of cross-border banking products.
For example they offer the RBC Access USA checking account which is ideal if you’re a Canadian resident who lives in the U.S. part-time (such as a retiree or student) or if you travel to the U.S. frequently for business or pleasure.
Three key benefits are that one you are able to transfer funds between your Canadian accounts and your RBC USA checking account free of service fees or without having to pay wire transfer or foreign transaction fees. Secondly pay US bills with your RBC Bank account online at no extra charge. Third you are able to access your money in the U.S. via a network of ATMs and at over 430 branches.
RBC plans to maintain their suite of cross-border banking products after the sale of their us regional banking operations.
Visit the RBC USA website for more information and detail about products and services.