U.S. bank accounts
Posted date : Sep 19, 2022.
My wife and I have a U.S. bank account (at Wells Fargo) in the U.S. We opened the account in about 2010, when we purchased property in Florida. We sold our Florida property in 2021 and changed our address with the bank to our permanent residence in Canada. We recently received an email from the bank indicating that we have to either close the account or provide a valid U.S. address. We no longer own property in the U.S., but we do “winter” in the U.S. for three months. Keeping a U.S. bank account would be very convenient for us for our spending in the U.S. Can you make any suggestions regarding how we can either keep our Wells Fargo account or such at another bank in the U.S. that would accept us as non-resident account holders? (There are no Canadian banks in the vicinity where we spend our winters.)
Ed.: I would suggest using the address of a friend or neighbour, with their permission of course, and switching your account settings to paperless. This can all be done using the Wells Fargo app on your smartphone or tablet.