You can benefit from a great interest rate and no need to have a minimum balance. Keep reading to find out more!
If you want an account that does not cut back on your savings due to monthly fees or low exchange rates, consider opening an EQ bank USD account. You can hold the dollars in the account and convert them when you get favorable currency exchange rates.
The most attractive feature of the EQ bank USD is its high-interest rate. But that is not the only good thing about the account, read and learn more about the account.
If you are not yet a client with the bank, you start by opening a free saving plus account online. Once you open the account:
Opening an EQ bank USD account means your dollars earn more money.
Here are some key features of this account:
No monthly fees.
You earn an interest rate of 1.40% on your dollars.
No minimum balance is required to earn interest.
With the EQ bank USD account, you will enjoy numerous other benefits by having this account.
Here are the benefits you can enjoy:
Currency Exchange Using USD Account
If you don’t have a RemitBee account, you’ll need to create one (https://www.remitbee.com/signup)
After signing up, go to the menu and select exchange currency. Enter the details of your currency exchange. You can move to the next step if no further verification is required.
You can now link your CAD and EQ bank USD account.
Choose the amount and confirm your exchange rate. The transaction occurs between the two accounts via EFT.
Convert your money.