Bank Account Oppening

You will essentially need a bank account to get access to financial transactions. Our buddies will help you get your first bank account opened within a few days of reaching your destination.

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Frequently asked questions

We are able to assist.

The international student must submit any two of the following documents (carry originals with you while visiting the bank for account opening) 1. Passport. 2. Letter of Acceptance 3. Study Permit 4. Temporary permit (IMM Form 1442, 1208, 1102) 5. Canadian or USA driver's licence. 6. Canadian government identification card. 7. Travellers' cheques.

To open a bank account in Canada, you need to provide any two specific pieces of identification -- such as Social Insurance Number (SIN) card issued by the Government of Canada; Canadian driver’s license, a Certificate of Canadian Citizenship; Permanent Resident card or an IRCC form IMM 1000, IMM 1442, or IMM 5292; current foreign passport; certificate of Indian Status. You can even open a bank account before landing in Canada with some select banks.

The credit history of a person is a transcript of how they pay back their debt. Paying late or not reimbursing debt at all will negatively affect credit rating and make it more difficult and expensive to borrow money again. Building a good credit history will help you meet your future financial goals. Your credit history is recorded in, what is called Credit Reports, in at least one of Canada's two major credit-reporting agencies, Equifax and TransUnion. Equifax and TransUnion use a scale from 300-850 to measure your creditworthiness.

You can build up a very good credit history if you - Use your credit card, but always settle your credit card invoices on time. - Do not exceed your credit card limit - Avoid paying your credit card bill late or it will cost you lots of money. - Do not apply for lot of credit cards, as this can negatively affect your credit rating - Do not make impulse purchases that you cannot afford.