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USD Business Banking for Canadian Companies

Explore USD business banking for your Canadian company, with US customers, suppliers, and operations in mind. Account opening is subject to eligibility requirements and review.

Why this matters

Your company is based in Canada. Your next customer, supplier, or business opportunity may be in the United States. If your business invoices in US dollars or has USD expenses, a dedicated USD account can help you plan around those cash flows. Explore the requirements and fees below to assess whether Hollis & Co fits your cross-border business needs. Hollis & Co is a financial technology company, not a bank. USD deposit accounts and banking services are provided by Column N.A., Member FDIC.

Entity Types

Federal CorporationProvincial Corporation

Review Time

Same day

Requirements, fees & timeline

Required Documents

  • ·Certificate / Articles of Incorporation
  • ·Business Number (BN)
  • ·Individual with Significant Control (ISC) register
  • ·Directors / Control Persons
  • ·Passport (valid)
  • ·Proof of address

Fees

Setup fee

$35

Annual fee

Free

Domestic wire

$20

SWIFT wire

$30

FX spread

+0.75%

Incoming wires

Free

Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.

Frequently asked questions

Hollis & Co., Inc. (“Hollis & Co”) is a financial technology company, not a bank. USD deposit accounts and banking services are provided by Column N.A., Member FDIC. Deposits are eligible for FDIC insurance up to $250,000 per depositor, per ownership category, through Column N.A. Use of the Hollis & Co. platform is subject to eligibility requirements and terms of service.