Opening Bank Account Canada is one of the very first you need to do after you landed. Unlike in back home here bank account charge every month unless you taken special measure.
Every bank has some new comer Canada package that something you need to keep in mind.Banks in Canada
Lets look at different banks available in Canada that has maximum consumers.
RBC Royal Bank
TD Canada Trust Bank
There are also some fully online banks they dont have branches. These banks offer better rates and welcome bonuses
Important of Opening Bank Account Canada
One you landed your address verification is very important for Govt organizations to make sure that you are a residence in Canada and living here. Hence they will ask for bank statement to verify your address. So first think you should do open your bank account in Canada.
What you need to check before opening an Account?
Of course terms and condition like and you should open account to X bank because someone else opened there you need check which is better for you.
– Monthly fee
– Types of Credit Card they offer
Here are the links for each bank fees, you must compare before you heading to open an account
What doc you need to open account?
Normally here every organization look 2 piece of Photo ID cards, same as bank as well.