<p>Orlandymom,</p>
<p>Even if you use the AMT system to transfer daily funds, you’ll probably want your student to open a local bank account in case you need to move a substantial amount of money for things like an apartment security fee. If you check out the various student account offers, you should end up with a free one.</p>
<p>While a bank in Montreal may have the same name as one in the US (i.e. HSBC), in my experience they are actually two different companies and have no formal link of any value to you beyond the name. The RBC Centura deal was the first time I’d ever heard of any kind of interoperability between the two countries.</p>