Category: Bank Account
-
Canada, known for its breathtaking landscapes, diverse cities, and friendly people, is a country that welcomes newcomers with open arms. If you are a recent newcomers in Canada, you might be overwhelmed with complicated government and provincial systems. In this guide, we will help you to navigate the first 3 things you need to do…
-
All big banks in Canada have Newcomers banking packages catered for permanent residents and work permit holders within 5 years of arrival date in Canada. These bank packages usually include a chequing account with no monthly fee or minimum balance requirement for at least 1 year, a credit card without credit history, and other benefits.…
-
Chequing accounts at Canadian big banks (RBC, TD, CIBC, BMO, Scotia) usually have monthly fees or require a high minimum balance to waive the monthly fees. Canada residents do have no-fee and no minimum balance options when it comes to chequing accounts. 1. Online Banks As the name suggests, online banks have no physical branch…