Exchanging large sums of money?

Here is a way to get a better exchange rate than those offered by conventional banks or foreign exchange kiosks.

Depending on the amount you're exchanging, you can typically get close to what the dollar is actually trading at.

Contact Justin at AFEX to discuss the best way to exchange and move your money:

Justin Butler
Head of Private Clients   O: 818-728-3266   M: 630-842-4989  E:
Associated Foreign Exchange
AFEX    21045 Califa St     Woodland Hills    CA 91367
T   +1 888 307 2339    F  +1 818  728 3277    E

Building Credit
As a new alien resident of the US you will have to build your credit history from scratch.
This can only be done once you obtain your social security number. Make sure to give the bank that information right away, so you can start building credit history.

I mentioned a couple of ways to get a US dollar credit card using your Canadian credit history, but building a history with a US based bank is most important.  It is also a must if you ever want to take out a loan, lease a car and avoid putting down large deposits in order to obtain basic utilities such as phones, hydro, etc.
A great way is to apply for a Prepaid Credit Card. (It’s a regular credit card, but you have to put your own money on it, in order to use it.)
Once you open your bank account, you have to apply for the card and put down a few hundred dollars.
It seems backwards, but with the credit crunch in the US, it’s one of the only ways to build credit.
Use the card normally like a credit card and make sure you pay it back/top it up each month.
It’s like a trainer credit card, so the bank sees that you will pay your bill on time.
The bank manager said it would take about a year to actually qualify for a real credit card but after a few months I started receiving credit card applications from other banks.
One myth that I’ve heard is to try and apply for retail store credit cards to build your history. This actually has a negative effect on your credit score and does not help to build credit.

If you have a Canadian AMEX card, you can apply for a US AMEX based on your Canadian credit history.
One downside is, not all businesses accept American Express.

If anyone has tips on how to build US credit, please share.

Cross Border Banking & Mortgages

RBC USA specializes in Canada/US banking.

TD Canada Trust also has cross border banking options:

HSBC specializes in foreign loans and can work with your existing Canadian income. 

Molly M Sakahara
Vice President, Senior Premier Relationship Manager, HSBC Bank USA, N.A.
Licensed Sales Professional, HSBC Securities (USA) Inc.
NMLS # 628389
1055 E. Colorado Blvd. Suite 110
Pasadena CA 91106
Phone.     (626) 568-0893
Fax.         (626) 568-0853

BMO Harris Bank specializes in US mortgages using your Canadian credit history.

BMO Harris Bank 
Timothy P. Monroe | Mortgage Banker
Customer Contact Center
Harris | 700 E. Lake Cook Road | Buffalo Grove, IL 60089
(P) 800-574-1454, Ext. 2785 | (F) 847-520-0868
Visit Harris online at:


  1. You can get an RBC USA account and they will use your Canadian credit history for a credit card app. You can also seamlessly transfer funds between RBC USA and RBC Canada.

  2. A Credit Union gave us a credit card right away based on the employment offer letter. They have upped our credit regularly. But they say it will be at least a year or two before anyone will give us a mortgage.

  3. Could u please let me know how and where to get a corporation exchange account? I'm a self employee with HST number.


  4. Hello,

    Is any of BMO Harris, RBC USA, or TD available in San Jose, Calif?


  5. Hello,

    Has anyone had a positive experience using BMO and Harris bank to transfer money? I have been led to believe that you can get cheap transfers between the two, however the two banks seem to have conflicting info.

    Thank you!

  6. This comment has been removed by the author.

  7. Great job for publishing such a nice article. Your article isn’t only useful but it is additionally really informative. Thank you because you have been willing to share information with us. If anyone looking for the private mortgage lender company in Montreal, pretcapita is a good choice.

  8. In such cases you can start off it is crucial, the idea yet again makes an online site a substantial important web site: mortgages

  9. Depending on the amount of money central banks create, we live in a crisis or we have economic development. It should be noted that central banks are not state banks but private companies. myprepaidcenter

  10. In like manner, if you do not have enough time to ask around for moving quotes you can get it online. Movers Near Me

  11. Mortgage brokers play an essential role in every sector of the economy. A significant bond nowadays, a mortgage broker bond, is necessary for those who are involved in the mortgage brokering or mortgage lending businesses, as well as for those who are interested in the mortgage lending company. Mortgage brokers, lenders, and dealers must apply for and get a license and permission from the licensing department before doing business. It is necessary to have this mortgage broker license to do business in California as a mortgage broker. The applicant must first obtain a mortgage broker bond to obtain a mortgage broker license by completing the required paperwork. Bonds for mortgage brokers are issued by the laws and ordinances of the respective state and federal authorities. if you are looking for Mortgage brokers Oshawa, visit the Mortgage Intelligence website.

  12. I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much. Read more info about Mortgage Brokers Doncaster

  13. I generally check this kind of article and I found your article which is related to my interest.Construction Finance Brokers in South Australia Genuinely it is good and instructive information. Thankful to you for sharing an article like this.

  14. I generally check this kind of article and I found your article home loan comparison singapore which is related to my interest. Genuinely it is good and instructive information. Thankful to you for sharing an article like this.

  15. I found decent information in your article. I am impressed with how nicely you described this subject, Trustworthy Credit Repair Services It is a gainful article for us. Thanks for share it.

  16. I value your endeavors which you have placed into this article. Truly it is a valuable article to build our insight. Gratitude for share an article like advisor Bedworth

  17. A settlement expense is charged by a bank for sending how much a mortgage to your specialist.