Travelling often to the U.S. or need to send/receive U.S. funds? Get a U.S. dollar account to make your banking more convenient and avoid foreign exchange costs.

How can I manage my day-to-day banking in U.S. dollars?
Easy. Make withdrawals, bill payments, transfers and much more with a U.S. dollar Primary Chequing account¹ and the Everyday Banking Plan of your choice.

Is there a way to grow my money?
Absolutely. Earn higher interest with a U.S. dollar Premium Rate Savings account¹.

Is it possible to minimize fees and maximize savings?
Definitely. Include the Everyday Banking Plan of your choice with your account(s) and when you maintain the minimum monthly balance for your Plan, you pay no monthly fee.

Are there any advantages to having a U.S. dollar account?

Most certainly:

• You can purchase U.S. currency when it is convenient or when the rate of exchange is desirable and withdraw at any BMO branch in Canada before you depart
• You can accumulate U.S. currency for use down the road – to travel, to make a payment, just to have on hand for future needs

• Use the cheque writing² privileges from a U.S. dollar Primary Chequing account.
• Purchase and send a no-fee U.S. dollar Money Order or Draft from your U.S. dollar account
• Send a wire payment³
• Use funds from your U.S. dollar BMO account to pay your U.S. BMO MasterCard through online banking or at your local branch
• For frequent transactions use our affiliate⁴ in the United States, Harris Bank to open a Harris Bank checking account, provided you qualify⁵

Fees
See what fees are associated with these accounts.

Get Started
Find out how to setup and switch your banking.

¹ USD deposits are not eligible for CDIC deposit insurance.
² Bank of Montreal will clear all U.S. dollar account cheques in Canada. Customers who use U.S. dollar cheques to make payments in the United States, should be aware that it may take additional time for billers to receive the funds from a Canadian Payments Association (CPA) encoded cheque and BMO has no control or authority over this delay. There may also be an additional service fee charged to the biller by their financial institution. Additionally, some smaller U.S. banks may not accept CPA encoded cheques.
³ Certain fees apply. Other financial institutions may have associated fees for incoming and outgoing wire transfers. Inquiries/traces etc. may be subject to fees other than those collected by BMO. Inquire in branch for details.
⁴ Harris Bank is a trade name used by Harris N.A. and its affiliates. Harris N.A. is a member of the FDIC. Products offered by Harris Bank are subject to their approval process.
⁵ Harris Bank provides services to meet cheque clearing in the United States. Canadians that own property, live, work or study in the United States can apply directly to Harris Bank to open a personal checking account.