US Chequing Account

Convenient banking, beyond borders

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YOUR SOLUTION FOR US FUNDS

Simplify your cross-border banking experience

Discover the ultimate solution tailored for Canadian banking members with frequent trips to the US or those holding US assets. The US Chequing Account from Luminus Financial is your gateway to efficient and simple cross-border financial management.

Your ideal US Chequing Account

Earn daily interest on US funds

Switch to CAD when rates are favourable

No charge on in-branch deposits

Account features

Optimal currency exchange

Buy US dollars when your Canadian dollar is at par or better, ensuring you make the most of favorable exchange rates. Manage your US funds conveniently within this specialized account.

All transactions in US dollars

Enjoy the ease of conducting all transactions and managing your account entirely in US dollars. Simplify your financial transactions across borders without the hassle of currency conversions.

No-charge in-branch deposits

Make in-branch deposits seamlessly without incurring additional charges. Our commitment to convenience extends to ensuring your deposits are cost-free.

Daily interest on balances

Watch your account balances grow with daily interest accrual. At the end of each month, earned interest is paid directly into your US Chequing Account, maximizing the returns on your US dollar holdings.

Travel confidently with the Luminus Financial currency exchange and travel insurance

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Embark on worry-free travels or indulge in global online shopping with our unbeatable foreign currency exchange rates. Luminus Financial offers a diverse range of banknotes, including US dollars, Euros, Brazilian reals, Hong Kong dollars, and more.

You can also secure your trip with Travel Insurance from CUMIS. Contact them at 1-800-810-2847, or visit cumis.com to get an online quote.

Frequently asked questions

The US Chequing Account is tailored for Canadian banking customers who frequently travel to the US or hold US assets. It provides a seamless cross-border banking experience with all transactions and fees conducted in US dollars.

By purchasing US dollars when the Canadian dollar is at par or in a favourable position, you optimize your currency exchange and save on potential conversion costs.

Yes, the US Chequing Account streamlines your financial interactions by allowing all transactions and fees to be conducted in US dollars, eliminating the need for currency conversion.

Absolutely. In-branch deposits to your US Chequing Account are free of charge, providing a convenient way to manage your US funds.

Your account balances earn daily interest, which is credited at the end of each month. This daily interest accrual maximizes the returns on your US dollar holdings.

While the account is designed with frequent US travellers in mind, it's also suitable for those who hold US assets or prefer to manage funds in US dollars.

There is no specified minimum balance requirement for the US Chequing Account. However, maintaining a sufficient balance may be beneficial to optimize currency exchange and transaction fee waivers.

Opening a US Chequing Account is straightforward. Click here to get started with our online application process. We're here to make your cross-border banking experience hassle-free.

The US Chequing Account is designed for personal use and is not suitable for business purposes. If you require a Business Account, please contact us for customized solutions.

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US Chequing Account

Convenient banking, beyond borders

YOUR SOLUTION FOR US FUNDS