What is a U.S. Dollar account?
If you spend time in the United States, opening this account can make life easier. Our U.S. Dollar (USD) account lets you deposit and earn interest in USD — without worrying about exchange rates every time you head south.
Account features.
No monthly fee. Pay as you go.
Get the flexibility of no monthly account fee and only pay for the transactions you make.
Earn interest in USD
Help your money grow with tiered interest rates that increase as your balance grows.
Free e-Statements
Go paperless with free electronic statements, accessible any time through your online banking.
Rates.
Description
$0.00 - $1,500.00
$1500.01 - $5,000.00
Over $5,000.00
Some transaction and service fees may apply for select account features. See our full transaction and service fees page for details.
Opening a U.S. Dollar account.
Who is this account for?
Our U.S. Dollar account is ideal for Canadians who travel to the United States and spend regularly in USD. Rather than converting currency back and forth — and absorbing exchange rate costs each time — you can keep your USD in one place and access them when you need them.
Good fit for:
• Snowbirds and frequent U.S. travelers
• Canadians who shop online with U.S. retailers
• Members who receive income or payments in USD
What do you need to open an account?
Opening an account requires confirming your identity in person — an appointment is required. Please bring a valid government-issued photo ID and your Social Insurance Number (SIN).
Accepted forms of ID:
• Driver’s license
• Passport
• Status card/treaty card
• Permanent resident card
• Province or territory ID card
• Foreign passport
If you do not have a government-issued ID, an acceptable original document1 of two of the following can be used: original birth certificate, marriage certificate, or refugee program.
Note: all accounts are subject to a credit check2 and a $5 membership fee.
Everything you need to get started.
Common questions.
Here’s what people ask us the most.
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U.S. Dollar account lets you hold, deposit and earn interest in U.S. dollars (USD). It’s particularly useful for Canadians who travel frequently to the United States, shop with U.S. retailers or receive income in USD.
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U.S. Dollar account is a smart choice for Canadian snowbirds who spend extended time in the southern United States, frequent cross-border shoppers, members who receive payments or rental income in USD and those who hold U.S.-based investments or properties. If you regularly convert between CAD and USD, this account can help you avoid unnecessary exchange rate costs over time.
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Conexus offers foreign exchange services to help you convert between Canadian and U.S. Dollars at competitive rates. Exchange rates fluctuate daily based on the Bank of Canada’s published rates and market conditions. For large conversions or regular cross-border transactions, speaking with a Conexus advisor can help you find the best approach for your situation.
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Yes. At Conexus Credit Union, your eligible deposits are 100% protected by the Deposit Guarantee Corporation.
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Yes. You can access your U.S. Dollar funds through Conexus online banking while travelling. For in-person transactions in the U.S., speak with your advisor about the best way to access your USD funds while abroad. Conexus also offers a U.S. Dollar Mastercard®, which lets you spend directly in USD without incurring conversion fees on every transaction – discover more here.
Not sure if this account is right for you?
Our advisors can walk you through your options and help you decide if a U.S. Dollar account fits your life.
