Maximize your American dollars
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minimum balance required to generate interest
Make an appointment at the branch of your choice.
Talk to one of our experts to get tailored advice.
Enjoy the benefits that come with your account!
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Online, mobile and telephone banking transactions
Cheques and pre-authorized debits
Complementary banking services
Additional information
With the USD Progress Account, transactions cannot be carried out at ABMs, through your online bank or with a debit card at points of service. However, you can track your transactions through National Bank online. Fees for this account are charged in USD. For more information on fees for National Bank's products and services, consult the Fee Guide.
The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee is charged.
TM Progress Account is registered trademark of National Bank of Canada.
® The Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under licence.
1. Interest is calculated at the end of each day on the total daily balance if it is USD 5,000 or more. No interest is paid if the total daily balance is less than USD 5,000. Interest is paid monthly. Tiered, variable annual interest rate based on the account balance, subject to change without notice. See current rates.
2. Transactions carried out using our Automated Services or National Bank online.
3. Banking services usually provided at National Bank branches during normal business hours, including deposits, withdrawals, transfers, bill payments, foreign exchange transactions, purchase of travellers cheques or drafts and use of safety deposit boxes.
4. For USD bank drafts, applicable fees are in USD.
Deposits in a USD Progress account are covered by the Canada Deposit Insurance Corporation (CDIC). Find out more about the coverage offered by CDIC.