How to Open a New Bank Account in Canada as new Immigrant | Settlement in Canada | Part 8

#ImmigrationToCanada#OpenBankAccount#MunawarNatt
How to Open a New Bank Account in Canada as new Immigrant.
Information for opening a new bank account by new landed immigrants or permanent residents.

Types of Accounts:
- Checking (Interest free - no profit/loss)
-Saving (Interest is paid)

Types of Monthly Plans
-Limited Transactions Plan (15-25 transaction per month, no minimum balance required, monthly fee approx $15)
_ Unlimited Transactions Plan (Monthly fee of $25-30, 30, minimum balance of $3000-5000 required to waive monthly fee)

Documents required to Open Account
-Permanent resident Card
-Confirmation of Permanent Residence
-Passport
- Proof of Address (rental lease agreement, utility bill, drivers license)

Here are links to open account in five best banks in Canada. TD and CIBC are preferred due to large number of branches and accessibility

TD Canada Trust Bank


Canadian Imperial Bank of Commerce (CIBC)


Royal Bank of Canada


Bank of Montreal (BMO)


Scotia Bank





Immigration to Canada
Moving to Canada
Coming to Canada
Best banks in Canada
Opening a Checking account in Canada
Opening a saving account in Canada
Top banks in Canada
best accounts in Canada
Opening bank account in Canada before landing

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