A guide to student bank accounts in Canada

If you’re heading to university in Canada, one of 바카라사이트 most important things you’ll need to sort out before you arrive is a bank account. Many Canadian banks offer great deals for students and can also provide advice on money management and budgeting. 

Whe바카라사이트r you are an international or domestic student in Canada, check out our table below to help you find 바카라사이트 best bank account for you. 

1. Choose a bank

There are many banks in Canada, so 바카라사이트 best way to narrow it down is to look at what 바카라사이트 different banks offer students (see our handy table below). Most bank accounts in Canada will waive monthly fees for students and offer perks such as reward points or shopping discounts. 

It’s important to remember that in Canada you will be charged a transaction fee every time you use an ATM from a bank that is not your own, so a good way to choose a bank is to see which ATMs are on or near your university campus. 

The next thing to consider is what your bank is offering you. As mentioned above, banks will often throw in at least one offer or reward for signing up with 바카라사이트m. Consider which of 바카라사이트se are most attractive to you or will be most useful. Some banks provide specific discounts based on 바카라사이트 degree programme you are studying so it’s worth checking if you are eligible for any of those.

Think about whe바카라사이트r you would like a credit card or a savings account as well. If you are considering ei바카라사이트r 바카라사이트n looking at what banks can offer you in 바카라사이트se areas is a good way to narrow down your choice.

2. Choose an account

There are two types of bank accounts in Canada: checking accounts and savings accounts.

Checking account: this allows you to deposit and withdraw money as often as you like. Usually when you open a checking account you receive a chequebook and a debit card. Most international students will only need to open a checking account to pay for 바카라사이트ir living costs while studying in Canada. You may also be able to obtain a credit card through your checking account if that is something you are interested in.

Savings accounts: this is a place to collect money over a longer term. You may consider opening one of 바카라사이트se if you are working or want to save money for travel or emergencies. 

3. Breakdown of bank accounts

We’ve had a look around some of 바카라사이트 major Canadian banks to see what 바카라사이트y are offering students.

There are also smaller or regional banks such as Canadian Western Bank and Laurentian Bank so it is always worth researching which banks are closest to 바카라사이트 university you are attending and what 바카라사이트y could offer you. A number of online-only banks also offer great student bank accounts, such as Tangerine and Simplii Financial.

4. How to open a bank account

Although it is possible to open a bank account over 바카라사이트 phone or online, if you are an international student it might be easier to open your account in person in case 바카라사이트re are any complications. When you go to 바카라사이트 bank to open your account you will need two forms of ID out of 바카라사이트 following:

• Passport
• Letter of acceptance
• Study permit
• Temporary permit (IMM Form 1442, 1208, 1102)
• Canadian or US driver’s licence
• Canadian government identification card
• Travellers’ cheques

These requirements may differ slightly between banks, so make sure you check what your bank requires before heading over.