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Canadian bank accounts in US funds for IGMPAY
Someone mentioned here that IGMPAY may work for someone who lives in Canada if they set up a bank account in US funds here. Has anyone tried this successfully? I was thinking about trying it just for the chance that it would work and let me get the extra $400-$500 in bonuses from party skins.
Thanks, Ian |
#2
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Re: Canadian bank accounts in US funds for IGMPAY
shameless bump...anyone tried this?
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#3
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Re: Canadian bank accounts in US funds for IGMPAY
I think the biggest hurdle in doing this would be figuring out the proper routing codes to use.
There is some information here: CAD Currency conversion for PayPal at WebHostingTalk which may be useful. Here is a snippet from one post: [ QUOTE ] US Check numbers: Routing number :: Check Number :: Account Number xxxxxxxxx :: xxxx :: xxxxxxxxxx Canadian Check Numbers: Check Number :: Bank Transit-Institution number :: Account Number xxx :: xxxxx-xxx :: xxxx-xxx [/ QUOTE ] The primary problem is that US bank accounts have a different format for routing codes than Canadian accounts. Most US dollar accounts from a bank in Canada still use the Canadian style routing codes. In the thread I linked there is mention of a routing code that works with PayPal for a RBC US Dollar account and much discussion related to trying to get a TD US Dollar account working. Personally I have a TD US Dollar account and can confirm that the routing codes on the cheques are in the Canadian format. I have not tried doing an EFT to/from this account. |
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