No-Fee USD Account

Control when you convert your currency from Canadian to USD to get the best exchange rate.

  • Pay no transaction fees.
  • Earn interest.
  • Earn profit-sharing cash!
  • finger-snap
  • Open your account online in minutes!
    In-person/over-the-phone: 30 minutes

No-Fee USD Account

United States flag

Discover the benefits!

  • Get the best conversion rates
  • Deposit and issue US cheques
  • Earn interest
  • Get cash dividends
  • Pay no transaction fees

Control when you convert your currency

Automatic foreign exchange conversion can be costly. With a US Account, you can easily transfer your dollars to USD in seconds to get the best bang for your buck.

Earn interest on your deposits

Your No-Fee USD Account earns interest. It’s calculated daily on the closing balance of your account and is paid at month end. 

Earn cash for everyday banking

With our Member Rewards program, you’ll earn cash dividends by having your USD Account with us. The more you bank with us, the more you benefit!

Deposit and issue US cheques

You can not only deposit US cheques to your No-Fee USD Account, but also issue US cheques.


Pay no transaction fees

Get the control you want over your US funds. Pay no monthly maintenance fees, no transaction fees, and do your USD banking with ease. Don’t forget, you earn rewards and interest!


Need more help choosing an account?

Try our Account Selector Tool.

To compare bank accounts, you can view the FCAC Account Selector Tool.



Learn more about our accounts and services. Review our Account and Fee Information (pdf).

Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.

* The Collabria Visa Card is issued by Collabria Financial Services Inc. pursuant to a license from Visa.

Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.

The US Account does not have debit card access. Only the Balance Inquiry feature and electronic transfers to other Innovation US Accounts through online banking and telephone banking are available for this account.  Service charges per debit transaction will apply.