A Newcomer’s Guide to Opening a Canadian bank account


Having a local bank account is important for someone who decides to live and work in a foreign land. Most Canadian employers would require their employees to open a local savings or checking account for payment as an international account would mean additional foreign transaction charges. A local account would also make it easier for you to apply for credit cards and loans in the long run. But the most obvious reason is that it will allow you to make financial transactions more easily; especially in your first weeks and months here, which immigrants typically spend on finding a place to live and job hunting.

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Created by rachelmorri 4 years 13 weeks ago – Made popular 4 years 12 weeks ago
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