Choosing the Best Bank in Canada
Though it isn't always free, you are able to find the best bank in Canada with a little bit of research. Banking here can be fulfilling. Banking in Canada focuses on key features such as convenience and reliability.
It is common to be offered a free year of banking. Because of this, you are able to shop around without being afraid to talk about taking your business somewhere else.
Some important things to consider when choosing a bank is the distance from your work and home to the bank. You want easy access. Make sure to learn their hours of operation, and also the credit card options that match your needs.
Transferring International Money to your Account
Firstly, you have to make sure you have money you can transfer to the new account. The two best ways to do so are CurrencyFair and TransferWise. They are the best at making international money transfers possible, while offering discounts to GlobalCAIM customers.
The Best Bank Accounts in Canada
Being new to Canada, you have an option of five big banks to choose from. Scotiabank, CIBC, BMO, RBC, and TD. All of these banks have particular programs for newcomers offering incentives. Make sure you look into them first, and research thoroughly. Do not choose blindly because each bank is ideal for different specific needs.
Scotiabank
Scotiabank offers a StartRight program that allows immigrants to open an account and transfer up to 50,000 dollars into it prior to coming to Canada. If you are already living and working in Canada, you are eligible for a $100 bonus for opening the appropriate account. They also have a vast selection of services and products for newcomers to take advantage of.