Back to learn
What do you need to open a bank account?
Rounding it up
From the big 5 banks to digital-first fintechs — when it comes to bank accounts, you have endless possibilities.
Keeping money in a bank offers many advantages, including security and easier money management.
Much of what is required to open a bank account revolves around identity verification. For example, you’ll most likely need to provide a Social Insurance Number (SIN).
While not always the case, proof of legal residency may also be required.
Yekaterina Galanova
Yekaterina Galanova enjoys writing about personal finance, as well as aesthetic topics, though she is open to discovering new niches. She enjoys reading, traveling and beautiful landscapes.
Related articles
Can newcomer Canadians qualify for retirement plans?
8 mins
Ally StreelmanNew to Canada and eager to get your financial ducks in a row? Learn how you can start retirement planning today.
Can newcomer Canadians qualify for retirement plans?
8 mins
Ally Streelman
New to Canada and eager to get your financial ducks in a row? Learn how you can start retirement planning today.
#retirement
#newcomer
#RRSP
#TFSA
What are the different types of chequing accounts?
5 mins
Dan BuchererTraditional, VIP, student, senior… There are so many different types of chequing accounts—do you know which one you need?
What are the different types of chequing accounts?
5 mins
Dan Bucherer
Traditional, VIP, student, senior… There are so many different types of chequing accounts—do you know which one you need?
#chequing account
#banks
#bank account
Are Canadian bank accounts insured?
5 mins
Dan BuchererInsurance is something you don’t need until you definitely do. Learn how the CDIC protects your money.
Are Canadian bank accounts insured?
5 mins
Dan Bucherer
Insurance is something you don’t need until you definitely do. Learn how the CDIC protects your money.
#insurance
#CDIC
#bank
#bank accounts
Can I open a bank account online?
6 mins
Dan BuchererOnline banking is here to stay and Canadian banks are happy to help you open an account online. Just make sure to have the right paperwork.
Can I open a bank account online?
6 mins
Dan Bucherer
Online banking is here to stay and Canadian banks are happy to help you open an account online. Just make sure to have the right paperwork.
#bank
#bank accounts
#online banking
Should I keep accounts at multiple banks?
9 mins
Gaby PilsonConsidering opening an account at multiple banks but not sure if that’s the right move for you? Read this before you decide.
Should I keep accounts at multiple banks?
9 mins
Gaby Pilson
Considering opening an account at multiple banks but not sure if that’s the right move for you? Read this before you decide.
#bank
#bank accounts
#fees
#rewards
Can a non-resident get a credit card in Canada?
5 mins
Dan BuchererNon-residents and newcomers can get a credit card in Canada. Make sure you know that’s what you want before signing the dotted line!
Can a non-resident get a credit card in Canada?
5 mins
Dan Bucherer
Non-residents and newcomers can get a credit card in Canada. Make sure you know that’s what you want before signing the dotted line!
#credit
#credit card
#newcomer
#immigration