Originally Posted by
CanuckFlyer
The nice thing about RBC USA is that you can transfer money between your RB (Canada) and RBC USA accounts online. Specifically, when you log into your online RBC USA account, you can see all of your RB (Canada) accounts and can transfer cash between them seamlessly. To the best of my knowledge, neither TD nor BMO offer this service (though that may have changed since the time of my information).
I agree - this is one of the best things about RBC - the Cdn. and US sides can integrate that way. I can log into either the US or the Canadian site, and see both accounts and transfer the money - it even gives the choice of whether you want the transfer based on US dollars or Cdn.
Even though I have ING Direct accounts in both countries, they still won't talk to each other.
The disadvantage to RBC is that if you need branch service or ABM's, and aren't in the south (well, southeast, mostly), then they aren't there. It works out well for snowbirds who go to FL half the year. But if you spend time in NY, Chicago, etc. everything has to be done electronically. Fine for me, but for others, maybe not so much. Commerce Bank is similarly limited to the Northeast mostly (and FL, I think, too), and Harris Bank to the midwest, I believe.