Open a bank account
Why open a bank account in Canada?
Having a bank account is essential for many reasons:
- Employment: reassuring Canadian employers and receiving your salary
- Housing: to pay your rent
- Build a credit score: Your credit score can be an obstacle to settling down: some landlords ask for this score when renting out their property.
- Daily expenses
How do I open a bank account?
Essential documents
You may be asked to provide these documents during your appointment at the branch in order to finalize the opening of your account under the best conditions.
- An official ID (passport, driver's license);
- Your social insurance number (SIN).
Good to know
- Start this process as soon as you arrive in Canada to make it easier to receive your salary and payments.
- There are two types of cards: debit and credit, both of which will be useful to you in Canada!
- Take advantage of offers for newcomers to get your financial life off to a good start.