How do I withdraw US money within Canada? (2024)

FAQs

Can I withdraw USD from ATM in Canada? ›

You can take out U.S. cash from your Canadian or U.S. dollar account at any RBC ATM that offers U.S. cash. There's at least one at most RBC branches. When you need Canadian cash, you can choose $5, $10, $20, $50 or $100 bills (or any combination that adds up to your total withdrawal amount) at our branch ATMs.

Yes. U.S. Bank processes electronic transfer funds via the Automated Clearing House (ACH) secure network. This is the same network used by the Federal Reserve to clear checks between financial institutions.

Using ATMs in Canada

Most ATMs in Canada are equipped to accept international debit cards. These ATMs typically display logos of international card networks like Visa and Mastercard.

For example, a United States-issued Bank of America debit card will work at Canadian retailers, but the user does incur a three-percent foreign transaction fee for each purchase. Note that debit cards differ from credit cards in that they draw real-time from the money in your bank account.

Access your U.S. dollars quickly and easily

Write U.S. dollar cheques and withdraw U.S. funds from any CIBC Banking Centre or CIBC U.S. currency ATM in Canada.

Note: You can make USD withdrawals only at Scotiabank ABMs with a sticker saying Both Canadian and U.S. cash available. If you need assistance at any point, select the help icon.

Consider the following when using ATM s: use your own financial institution's ATMs whenever possible to avoid extra fees when you withdraw cash. fees can add up quickly when you use an ATM that your financial institution doesn't own.

As a general guide, here's how much you can expect to pay in ATM fees in Canada: Network access fee: $1 to $5 per transaction. Account fees: $1 to $1.50 for each transaction above your monthly limit. Convenience fee: $1 to $5 per transaction.

Yes, cards issued by U.S. Bank can be used in most foreign countries.

How much does it cost to use a debit card in Canada? ›

This is usually around 2.5% of any transaction, but the exact amount varies depending on who you bank with. Withdrawals at different institutions: Using your debit card to make a withdrawal at an institution you do not bank with usually costs a few dollars.

Always choose to be charged in the currency of the country you are in. You will pay high conversion rates and transaction fees if they convert to Canadian currency.

Can I withdraw U.S. dollars at a TD ATM in Canada? You can use your TD Canadian Personal Banking accounts³ to withdraw U.S. currency, at select TD ATM locations.

Get U.S. Cash at an RBC branch ATM

Whether you have a U.S. bank account with us—or just need a convenient way to withdraw U.S. cash from time to time – you can take out up to $1200 USD at any RBC branch ATM that offers U.S. cash.

You can access your BMO Canadian dollar accounts to withdraw U.S. cash at BMO ATMs ⁹. You cannot access BMO U.S. Dollar Accounts at BMO ATMs. BMO accounts cannot be accessed through BMO U.S. Bank branches.

If you need foreign currency while traveling outside of the U.S., ATMs are your best bet for bills you can spend locally. ATMs tend to offer competitive exchange rates, and you can save on ATM fees by withdrawing more cash than you need instead of withdrawing smaller sums several times during your trip.