Royal Bank of Canada

It is always best to have at least one bank account in the country you are living in.  If you are a new resident of Canada, do not waste any time opening a Canadian dollar bank account.  Major, trustworthy Canadian banks include the Bank of Nova Scotia, the Bank of Montreal, and the Royal Bank of Canada.  Opening a bank account at a bank such as the Royal Bank of Canada will ensure that you have a stable financial foundation in Canada, as well as provide easier access to currency conversions.  Most importantly, you can safely store your money and withdraw it as needed.

Opening an account at a bank like the Royal Bank of Canada is easy.  Many banks offer ways to open new accounts online.  In some cases, however, it is necessary to open an account at a branch in person. To open a new account, you need to provide two forms of identification.  The most common forms of identification include a Canadian driver’s license or passport, Canadian birth certificate, Canadian credit card, and an employee photo identification card.  It is very important to make sure that the documents you provide for identification are completely up to date, and that the name on each document is exactly the same.

At banks like the Bank of Montreal or the Royal Bank of Canada.  There are often several accounts to choose from, with free services ranging from simple savings to checking privileges.  Some banks offer special accounts specifically geared towards students, which is often a free account with free online access.  For a small fee, most banks also offer across-the-border debit services.  For a nominal cost, banks also provide overdraft protection and safe deposit boxes.  To keep your money and valuables safe as you embark on a new life in Canada, be sure to open a Canadian dollar bank account as soon as possible.