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Cross-Border Business Solutions (Canada/U.S.)

Simplify your business transactions between Canada and the U.S. with our made-to-measure solutions designed to help you grow your business.

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Simplify your U.S. banking

  • Carry out all your USD transactions from an account held in the U.S.
  • Protect your business from exchange rate fluctuations
  • Optimize your cash conversion cycle by managing payables and receivables more effectively
  • Deposit your US dollar cheques from wherever you are
  • Process payments easily through the Automated Clearing House (ACH) network (electronic funds transfers)
  • Eliminate delays and cross-border mailing fees
  • Pay U.S. income tax from your U.S. account
  • Access the USD financing market
  • Obtain cross-border financing and standby letters of credit

Simplify your transactions with one of our USD accounts

As a National Bank client, you can open a USD chequing account for your banking needs.

Three types of USD accounts available

  • Demand Deposit Account (DDA)
  • Zero Balance Account (ZBA)
  • Restricted Zero Balance Account (RZBA)

Table of USD account features

Manage your transactions remotely with Fund$Manager

Do most of your banking online thanks to Fund$Manager, our electronic platform for clients with accounts in the U.S.

Fund$Manager2 modules

You can choose the Fund$Manager modules that best suit your needs.

Account Information3

  • Check your account balance
  • View your transactions and transaction history
  • Access your eStatement
  • View double-sided images of issued cheques

Wire Manager  

  • Process all your domestic and international wire transfers individually or in batches
  • Implement up to nine authorization levels to make a wire transfer
  • Increase levels of control for optimal tasks segregation

ACH Originations

  • Process credits and debits electronically, by transaction or by batch (payroll, dividends, interest and other recurring or one-time payments)
  • Implement up to nine authorization levels to use ACH
  • Reduce your company's administrative fees by eliminating manual tasks and mailing costs related to printing and sending cheques

Digital Deposit

  • Get flexibility by depositing your US dollar cheques from your workplace4, 5
  • Scan your cheques anytime and get same-day deposit to your account6
  • Download our best practices guide which will help you determine the controls you want to put in place for your business

Remittance Manager

  • Automatic processing of payments sent by mail
  • Offer clients the option of sending their payment to a U.S. address with a PO box in Atlanta, Chicago, Dallas or Los Angeles
  • View payments received throughout the day (lockboxes are emptied more than 14 times a day)
  • Accelerate your cashflow
  • Reduce costs related to processing and handling cheques

Positive Pay  

  • Compare the information on issued cheques (cheque number and amount) with the data captured during cheque processing
  • Reduce the risk of fraud: items that do not match are flagged as potentially fraudulent.

Stop Payments

  • Issue a stop payment on a cheque

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Exchange rate
Letters of guarantee

 

Would you like to guarantee your payments to the U.S.?

Find out about our documentary credit

Foreign currency

 

Are you looking for a simple, effective way to do business with U.S. companies?

Learn more about our wire transfers and intercurrency multipayment service solutions


TMBUSINESS CENTRAL is a trademark of National Bank of Canada.

1 Subject to credit approval by National Bank.

2 For more information on service fees, please contact your Account Manager.

3 You need this module to add other modules.

4 Conditions and fees apply. 

5 You’ll have to purchase a scanner at your own expense from our supplier Paystation or from a supplier of your choice.

6 Deposits received after 3 p.m. (EST) will be deposited to the account in the next 2 business days. The bank reserves the right to apply the hold funds policy.