Setting Up A Canadian Bank Account

Having a bank account is VERY important

This can sometimes be very confusing and difficult if you do not have all the required documents and information for the bank right away. So we are here to help you!

Most banks require the same documentation, so please make sure to have the following things ready:
● Temporary permit (IMM Form #1442 / 1208 / 1102)
● Passport OR Canadian Drivers License OR Canadian Government ID card
● Canadian VISA OR Study permit

There are a lot of banking options in Canada. So here are some options to choose from that keep you in mind as a newcomer to Canada!

TD Canada Trust

TD has specific International Student Bank Accounts and Bundles designed with you in mind! They will help you set up the best bank account for your needs as a newcomer to Canada. TD also offers special programs, such as their TD International Student GIC Program. When you apply for and participate in the TD International Student GIC Program, it can help you expedite your study permit application. The layout of this program is an easy 4 step system. This includes setting up your banking.

Royal Bank of Canada (RBC)

The Royal Bank of Canada has international student benefits. They offer a quick and easy banking setup as well as a guaranteed credit card. This can assist with school purchasing and establishing a Canadian credit history. Some current offers also include some extra cash for a concert! Fun! For more information, visit their bank website

Canadian Imperial Bank of Commerce (CIBC)

CIBC has an international student GIC program account. They have a simple 4 step system to assist you in permit application as well as setting up your banking. They also offer referral bonuses(free money!). They also offer help with building Canadian credit, finding the best bank account, and assisting with permit applications. Click the link for further information.

Scotiabank

Scotiabank has a very simply laid out international student banking program called StartRight. Here, they assist you in setting up banking as well as helping you establish Canadian credit. They are partnered with Scene+, which allows you to save on movies, restaurants, and more. These little incentives can make enjoying Canada a little more exciting when things are free! For more information, see their website.

Always shop around and compare

*There are other banking options out there, depending on where you are planning on living and the school you are attending. Always shop around and compare. Offers and promotions change regularly so please keep an eye out!*

 

*** If you are planning on working while here in Canada, it would be IDEAL to apply for a Canadian Social Insurance Number (SIN). However, to do so, you will have to already be in Canada. Once you have landed in Canada, you can go to your local Service Canada to apply. ***