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  • Bank Account Opening & GIC

  • Gaurav Deep

    June 5, 2021 at 9:29 AM

    what banks should one consider for GIC and checking account?

  • Jagjit Sidhoo

    June 5, 2021 at 3:08 PM

    There are many banks in Canada that are very student friendly and end up giving perks to students so its better to do a through research before making a bank account in the following banks: Scotia bank, HSBC, BMO, RBC, TD, CIBC

    • Nitin Verma

      June 6, 2021 at 12:02 PM

      Should I open a savings account or a checkings account?

      • Joyti Sharma

        June 7, 2021 at 10:22 AM

        Most students just require a checking account where you can deposit money and withdraw and also have the option of getting a credit card but only get a credit card if you can maintain a good credit score or else in the future it can be create problems. A savings account is opened to collect money for emergencies. its advisable to choose a bank which has an ATM on the university campus of your choice because if you withdraw money from any other ATM you are charged a certain amount so as a student you would like to save that money. Be wise and choose carefully.

        • This reply was modified 7 months, 3 weeks ago by  Joyti Sharma.
  • Navtej Singh

    June 9, 2021 at 11:34 PM

    what is procedure to open a bank account in Canada?

    • Udit Daluja

      June 9, 2021 at 11:35 PM

      one of the many prerequisites is to carry two pieces of identification. It could be your passport, LOA, travellers cheque, study permit. Select a bank/credit union, choose your account type(s) checking account, savings account, foreign currency account.Thereafter the bank gives you your debit card with a pin which you should not share with anyone and use anATM for withdrawal of money , deposits. you can also sign up for a cedit cad. Hope this helps you.

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