Switching Payout Currency, Bank and Bank Location

crw
New Member
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I have a Canadian corp that runs a Shopify store. Currently the store currency is USD so our customers pay in USD. 

 

Our payout are currently in CAD linked to a Canadian Bank.

 

We recently opened a US-based USD bank account. We'd like to prevent unnecessary loss on conversions and would like to switch our payout currency to USD remitted to our US-based USD bank account.

 

When I check the payout page, I saw the option to change both the Bank Location AND the payout currency.

 

2 Questions;

 

If I proceed will there be any issues?

Further still, will there be any additional charges for remitting my store currency (USD) to a US-Based USD account, as opposed to the current CAD bank?

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