By Zhu
Unless you’re from the U.S.A, chances are you will find banking a bit confusing when arriving in Canada. Interact, checking and saving accounts, credit cards may be new to you. Besides, opening a bank account on a resident visa and applying for a credit card can seem challenging. Let’s have a closer look at that! The main commercial banks in Canada are: Scotiabank (Bank of Nova Scotia), CIBC (Canadian Imperial Bank of Commerce), National Bank of Canada,TD Canada Trust (Toronto Dominion), BMO (Bank of Montreal), RBC (Royal Bank of Canada). As a temporary or a permanent resident in Canada, you will need two pieces of personal identification (your Permanent Resident card, SIN card, Health card, Canadian driver license or foreign passport are among the acceptable piece of I.D) to open a bank account. You do not need to be employed or make a minimum deposit to open the account.
Unless you’re from the U.S.A, chances are you will find banking a bit confusing when arriving in Canada. Interact, checking and saving accounts, credit cards may be new to you. Besides, opening a bank account on a resident visa and applying for a credit card can seem challenging. Let’s have a closer look at that! The main commercial banks in Canada are: Scotiabank (Bank of Nova Scotia), CIBC (Canadian Imperial Bank of Commerce), National Bank of Canada,TD Canada Trust (Toronto Dominion), BMO (Bank of Montreal), RBC (Royal Bank of Canada). As a temporary or a permanent resident in Canada, you will need two pieces of personal identification (your Permanent Resident card, SIN card, Health card, Canadian driver license or foreign passport are among the acceptable piece of I.D) to open a bank account. You do not need to be employed or make a minimum deposit to open the account.