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878-Friday Q&A: International Banking and Residency, To Leave or Not to Leave (a Job), Target Date Retirement Funds, Asset Allocation

Radical Personal Finance

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Canadian Bank Accounts

It is possible to use a canadian bank account for your regular banking, depending on the specific bank. But usually it doesn't make a lot of sense to do frequent transactions with an international bank account because of the increased fees due to international transfers. What you can do is check to see if your bank will accept paper deposits every bank will be different. And then if you really want to use the account frequently and not just have it as a savings deviceThen go ahead and set it up with ah just to pay, going to pay your credit card once a month.

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