Foreign Account

[whynot888]

Does anyone know where i can open a Foreign Business account here in Toronto. Only place i know is HSBC.

I'm starting a internet bussiness where i would be expecting checks from the UK so i can deposit them here?

Any ideas or suggestion?

Thanks!
whynot888

 

[Tarkus]

Does anyone know where i can open a Foreign Business account here in Toronto. Only place i know is HSBC.

I'm starting a internet bussiness where i would be expecting checks from the UK so i can deposit them here?

Unless you're looking to avoid the cheques being found I believe most Canadian Banks offer foreign currency accounts. Certainly all Canadian Banks have branches in the UK as well as in a number of countries so having a UK cheque cashed should not be an issue.