What do you need to open a bank account?

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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.

7 min read

Yekaterina Galanova
#bank#bank account#banking#newcomer

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.

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