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Bank earn a lot of money from account like service fees and transaction charge ,so it is very important that you get what you  give. Choose bank which gives more interest  rate and  less service rate and helping you to build up the credit score. Banking Should be helpful with every perspective that if you know or not.Convenience is an important factor while choosing a bank and small convenience like  solve a query regarding a transfer fees, Quickly access to account and get replacement of your card at same day. Staff should be friendly to customer.

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In these video they are giving information about, how to choose a bank?  There are three factors which you should consider while choosing a bank, Firstly, fees the bank are charging, the account they are offering and the customer service they are providing. The bank are for profit they are in for the money, credit union are non profit. the bank can provide you more branches and ATM locations.
This video shows us the differences between online banks, physical banks and credit union and other advantages and disadvantages of different bank and how to choose a bank on different factors considering which bank is beneficial.

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Canadian Bank Reviews (Where to stash cash!)

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In these video we are going to find out the best bank account in Canada. There are 5 main bank in Canada CIBC, RBC, BMO, TD, Scotiabank. In these video we are going to find out about which bank is the best for a customer considering Locations, more benefits, monthly fees, accounts, credit cards, security and other possible factors.
This video show us what benefits we get when we open a account with this bank like welcome offer, Interest charges, ATM locations, Time convenience and other suitable factors helping to select a bank which is best.

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The world is going computerized and banking is no special case.There are numerous strong motivations to consider any of the online banks in Canada including comfort, highlights, and evaluating. while choosing a bank you should consider pricing, convenience, special features.
The best banks in Canada is tangerine bank, EQ bank, Scotia online, RBC online, CIBC online and others. safety during online banking is a important factors considering which bank to choose.

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The world is going digital and banking is no exception. According to the Canadian Bankers Association, in 2019, more than 76% of Canadians were doing their banking online and through mobile - and that number is rapidly rising.

There are many solid reasons to consider any of the online banks in Canada including convenience, features, and pricing.

Read on to learn about this emerging trend in personal finance management, including our top picks for the best banks in Canada.

If you haven't yet tried online banking, you might wonder what the fuss is about. After all, traditional face-to-face branch banking has served Canadians well for decades.

Before you make up your mind, consider these three areas in which online banking in Canada exceeds in-person branch banking:

Convenience
With online banking, your account is accessible from your computer, tablet, mobile app, or telephone.

This means an end to searching for a brick-and-mortar branch or an ATM, and renders the concept of "banker's hours" obsolete. If you want access to your money 24/7, online banking is the way to go.

Some brick-and-mortar banks offer customers "low-fee" accounts, but even these command a base monthly fee which can add up fast. In fact, Canadians are still paying an average of $200 per year in banking fees.

With online banking, customers have the option of a no-fee account - usually coupled with extremely competitive rates for common services like Interac e-Transfers® and a high-interest rate on savings accounts. If you don't want to pay for the privilege of accessing your own money, an online account might be just the solution.

Special Features
Imagine asking a teller to deposit a cheque using a smartphone photo or to send money by email?

They'd probably look at you like you have two heads - but Mobile Deposit and Interac e-Transfers® are services that many online banks offer.

In addition to all the traditional features to which customers have become accustomed, online banks offer special features that are simply unavailable elsewhere.

Finding the Best Bank in Canada

Traditional banks are being left behind by online banking in Canada. The only services online banks can't offer that traditional banks can are safety deposit boxes, counter service, and in-person advice.

That said, online banking does offer advice over the telephone or email and has the distinct advantage of being available 24/7 from wherever you are.

Decreasing service fees, increasing interest rates, and a wider selection of convenient services make online banking an attractive choice.

Tangerine: Best Overall

One of the best fully "branchless" online banks in Canada, Tangerine pairs some of the best online banking services with zero fees on all daily banking like debit purchases, withdrawals, transfers, bill payments, and Interac e-Transfers.

Their 0.15% interest rate for savings accounts is respectable, but the 2.15%* promotional rate when you sign up for a no-fee Tangerine Savings Account, TFSA, RSP, RIF, or US$ Savings Account for the first 5 months is outstanding.

For savvy savers, it's a great way to maximize your savings, and you can also earn up to $200 in cash bonuses simply by switching to a Tangerine Chequing account.

Tangerine also has two cash back credit cards: the Tangerine Money-Back Credit Card and the Tangerine World Mastercard®. There are no annual fees for either of these cards, and you can earn up to 2% unlimited Money-Back Rewards on everyday purchases.

Tangerine has also been ahead of the game in using technology to enhance their services, and they've earned a reputation for excellent customer service, winning awards year after year.

Should you need help, you can get in touch with a Tangerine Associate through an online chat session, a Twitter DM, or the 24/7 customer service line. Read our full Tangerine review to find out why it's our top pick for an online bank in Canada.

EQ Bank: Best For Super Savers

EQ Bank takes an entirely different approach to online banking than the others on this list.

With no branches and no ATMs, EQ Bank is accessed entirely through the web and mobile app only - a totally unique model. Instead of using personal cheques, a debit card, or an ATM, clients can move money between their Savings Plus Account and linked accounts.

For those willing to try a new way of banking, the benefit is clear: the Savings Plus Account offers no everyday banking fees, unlimited Interac e-Transfers®, free day-to-day transactions, and a 1.50%* everyday interest rate on their no-fee Savings Plus Account.

While EQ Bank may not be as well known in Canada, it's certainly a trustworthy bank to stash your cash - EQ Bank is brought to you by Equitable Bank, which has been around since 1970. One thing to note: the Savings Plus Account functions like a chequing account and can be used to pay bills and also transfer money instantly with no transaction or account fees.
*Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice
Learn more about EQ Bank

Scotia OnLine: Best For Digital Interface

As one of Canada's "Big 5" banks, it's not surprising that Scotiabank's online (web and mobile app) banking options are feature-rich and intuitive to use.

Although most customers pay a monthly service fee of between $3.95 and $30.95 (accounts with a minimum balance and students accounts are free, and seniors get a discount), the interface and offerings were enough for Forrester to name Scotia OnLine as "The Best Consumer Digital Bank in Canada."

As a special promotion, earn $300 cash ¹ when you open a new Scotiabank Preferred Package account. Rewards chequing accounts are a rarity in the banking world, so this is a big perk.

Learn more about Scotiabank
¹To qualify, certain conditions must be met. Offer ends December 16, 2020. Visit www.scotiabank.com for full terms.
HSBC: Best For Global Banking

As one of the largest banks in the world, you can expect to receive a full range of services and expert advice at HSBC. For global citizens who have frequent international transactions, the HSBC Premier Chequing Account offers unlimited withdrawals and deposits in both Canadian and U.S. funds, as well as waived ¹ Interac e-transfers ® and $0 global wire transfer fees ² for transactions under $10,000 - a bonus if you send or receive money abroad on the regular. Plus, you'll pay $0 in monthly banking fees* for the first six months.

Learn more about HSBC Premier Chequing Account

The HSBC Advance Chequing Account is another solid option for frequent Interac e-Transfer ® users who also want a lower monthly fee. With this account, you get unlimited transactions, waived ¹ Interac e-Transfer ® transactions, and no-fee mobile cheque deposits. You pay $0 monthly banking fees* for the first 6 months, and the $25 monthly fee is waived beyond that if you maintain personal deposits and investments of $5,000 or more with HSBC Bank Canada or if you hold a personal HSBC Bank Canada mortgage with an original amount of $150,000 or more.

Bonus: Get up to $1,000* in cashback and rewards when you switch over to HSBC by November 30, 2020

Learn more about the HSBC Advance Chequing Account

Issued by HSBC Bank Canada and HSBC Investment Funds (Canada) Inc. *Terms and Conditions apply.

¹Other regular transaction fees may apply.

²Agency/beneficiary bank fees may apply. Additional conditions apply.

®Trade-mark of Interac Inc. Used under license.

RBC Online: Best For Bundles

Another "Big 5" bank, RBC Online offers numerous account options at different levels with a wide range in monthly fees (from $4.00 to $30.00).

Though they don't waive fees for maintaining certain balances, customers can cut down their service charges by bundling RBC products (such as credit cards, investments, and/or mortgage).

The RBC online banking option includes all the typical features, like transfer and bill payments, but there's not much outstanding in their portfolio.

Learn more about RBC Online

BMO Online: Best For Senior, Student, & Military Discounts

In line with the other "Big 5" banks on this list, BMO offers a standard set of features with standard rates, though customers with the Savings Builder Account can earn up to 1.6% interest.

Although they offer discounts to seniors, students, and armed forces, the monthly fees range from $4.00 to $30.00 month. Their online banking interface is intuitive and has all the typical features.

Learn more about BMO Online

TD Online: Best For Mobile App

Neither the account options nor the interest rates tempt with TD Canada Trust, but this bank does offer several decent no-fee savings accounts.

They have a mobile app for online banking along with handy add-on features like TD MySpend that helps customers track and improve spending habits.

Learn more about TD Online

CIBC Online: Best Overall For Seniors

CIBC offers a full portfolio of account options designed for people at different stages of their lives and careers. In terms of fees and interest rates, CIBC is in line with the other Big 5 banks.

One notable difference here is that unlike the other institutions on our list, CIBC offers five account types for seniors - everything from a simple chequing account to a bundle that includes a premium credit card to US dollar account for seniors.

Learn more about CIBC Online

FirstOntario: Best For Ontarians Seeking a Credit Union

The only credit union on our list, FirstOntario offers chequing and savings accounts, as well as free and paid options. Some of their features include online bill payments, debits, bank transfers, Interac e-Transfers®, and personal cheques, along with a slew of nifty online tools.

There's even a feature that lets you round up on purchases and save the balance.

Learn more about FirstOntario

Simplii Financial: Best For Free Internet e-Transfers

Formerly PC Financial and affiliated with CIBC, Simplii is one of the branchless options for online banking in Canada. Like the name says, Simplii trades in simplicity, offering one chequing and one savings account, each without monthly fees.

Using web or mobile, customers can do everything from pay bills to transfer funds to paperless cheque deposits. The no-fee chequing account offers unlimited debit purchases, bill payments and withdrawals, free access to over 3,400 CIBC ATMs across Canada, and free Interac e-Transfers®.

Learn more about Simplii Financial

Comparison of the Best Banks Canada 2020

When you're ready to consider opening an online bank account in Canada, use this chart to compare the best online banks in Canada with the best online banking services.

*Terms and conditions apply. Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice

Comparing Tangerine and Simplii

When it comes to naming the best online banking services in Canada, the field narrows to the top branchless online banks: Tangerine and Simplii.

Unlike traditional banks, these two carry no monthly fees, have robust feature sets, and are made for online or mobile use. With the exception of EQ Bank (which missed the top spot overall because of a lack of features such as ATM withdrawals), branchless banks offer similar interest rates to traditional banks but without the fees.

While either option is a great choice for the average Canadian, there are some slight differences. Let's take a closer look.

For chequing accounts, both Tangerine and Simplii offer:

No fees for daily transactions including withdrawals, transfers between accounts, and Interac purchases

Unlimited bill payments (one-time or automated)

Free Interac e-Transfers

Unlimited ATM withdrawals within parent's networks of machines (Scotiabank for Tangerine and CIBC for Simplii)

Mobile cheque deposit (where you can use the camera on your phone to deposit a cheque)

Overdraft protection (with application)

24/7 customer support

Tangerine vs Simplii Chequing Account

As you can see, the difference between these two online banking options is really minor. The choice may just come down to whether you prefer the CIBC or Scotiabank ATM network.

How Safe Are Online Banks in Canada?

Every bank on our list is well-established in Canada and a credible financial institution.

Like traditional banks, the odds of online banks failing are very slim. In any case, you can rest easy: the Canada Deposit Insurance Corporation (CDIC) covers eligible deposits in your own name, joint accounts, trust accounts, TFSAs, RRSPs, and more up to $100,000.

It does not apply to investment products such as stocks, bonds, or mutual funds.

Security breaches of online accounts are rare, but it's always wise to choose a unique and complex password and PIN.

Why Go with Online Banking: Benefits of Banks with No Fees?

The best bank account in Canada for you is the one that helps you save money - not the one that costs you money to use.

Based on that criterion alone, look for a trustworthy online bank without fees, like Tangerine or Simplii. Although neither bank has brick-and-mortar branches (so you'll have to store your family jewels elsewhere), both offer the benefit of 24/7 online or mobile access, superior pricing (can't beat no-fee!), and a full feature set including unlimited transactions, paperless cheque deposits, and Interac e-Transfers®.

Ultimately, Tangerine stands out as the best online bank in Canada. Offering no-fee chequing and savings accounts, outstanding customer service, innovative banking technology, and respectable interest rates, Tangerine snags our top spot as the best online bank in Canada.

You'll enjoy a full range of banking services while keeping more money in your wallet where it belongs.
If you liked this article, you might also enjoy The Best Robo Advisors in Canada: A Complete Guide

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The Complete Guide to Best Banks in Canada 2020 - Young and Thrifty

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The world is going digital and banking is no exception. According to the Canadian Bankers Association, in 2019, more than 76% of Canadians were doing their banking online and through mobile - and that number is rapidly rising. There are many solid reasons to consider any of the online banks in Canada including convenience, features, and pricing.

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Considering how to pick a bank? In case you're here in light of the fact that you're moving in the direction of a better credit score, fulfilling your debt and savings, odds are you're looking somewhat more fundamentally at the budgetary organizations you use.
Possibly you've seen you're paying a ton in administration charges, or perhaps there is anything but a decent high-intrigue investment account accessible to you. Whatever the case, changing financial institutions truly isn't that difficult, and picking the correct one can make turning your money related circumstance around that a lot simpler.

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Wondering how to choose a bank? If you're here because you're working towards a better credit score, getting out of debt and saving money, chances are you're looking a little bit more critically at the financial institutions you use. Maybe you've noticed you're paying a lot in service fees, or maybe there isn't a good high-interest savings account available to you. Whatever the case, changing financial institutions really isn't that hard, and choosing the right one can make turning your financial situation around that much easier.

Here is what to consider when thinking about how to choose a bank:

1. What are their fees?

It may take a translator and a magnifying glass to discover all the hidden fees, but you have to do it. Doing your homework here is going to save you some disappointing surprises later. Find out what the monthly fees are and what the extra service fees are. Do you have to pay to use an in-the-flesh teller? Do you have to pay a fee to use online banking or telephone support? What are the fees for using bank machines, whether they are your bank's machines or the machines of other institutions? These fees may sound small one at a time, but they build up quickly and can easily eat into the money you were saving. Find yourself an institution with limited fees and save your money instead.

2. What is the highest interest rate you can get on a savings account?

The institution you choose should offer a high-interest savings account that doesn't require a minimum balance. Make sure the interest rate is good enough to justify choosing that bank, especially if the account has fees. If it costs more to use your bank than you earn in interest, you're losing money on the whole deal.

3. Does your bank have physical locations?

Some institutions that offer high-interest savings accounts only offer over-the-phone or online banking, and that can get tedious real fast. If you ever use human tellers now, you'll likely use them in the future, and perhaps a bank without a physical location isn't the best option for you.

4. What is their customer service track record?

When I switched banks, one in particular stood out when I did my research. The comments were almost all praise in reviews online and when I spoke to other customers, they raved about the service. This absolutely helped me make my choice, because a place with great customer service is going to be more likely to take an interest in your financial goals.

5. How were you treated by staff when asking a few questions?

I've seen people head into a major bank and be turned away for a secured line of credit, only to be welcomed with open arms at a credit union. The way they treat you now is a good indication of how you will be treated in the future. Find a bank or credit union that takes an interest in you and your money. You have no idea how helpful this will be going forward.

6. Is their online banking fairly robust or bare bones?

Banks that offer feature-packed online banking systems, as well as easy to use apps for your smartphone, are going to be infinitely easier to deal with. Features like being able to deposit your cheques with a photo save you a tonne of time and are worth considering when changing banks.

7. What is the bank's security track record like?

Your money is only as secure as your bank is, so make sure that where you keep your dough is as strong as Fort Knox.

Some of these considerations are going to be more important to you than others and considering them will slowly reveal which institution is the best for you. Everyone is different, so don't just take someone else's recommendation. Really look closely at all the pros and cons - choosing the wrong bank can become a major pain in the you-know-what really quickly.

What are some of the most important things you consider when looking for a bank? Let us know in the comments!

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How to choose a bank in Canada - The Dime Turner

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If you're working towards getting out of debt and saving money, chances are you're wondering which bank is best. Today we help you with how to choose bank.

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In the event that you have as of late moved to Canada or are wanting to do unexpectedly early, this post covers what you have to think about the best banks for newcomers. Newcomers to Canada have their hands full when they initially arrive. There are huge amounts of things you have to make sense of… lodging, employments, training, banking, contributing. To assist you with getting set up in Canada and set you up for money related achievement.
Canada has a strong and safe financial framework. For everyday financial needs, newcomers can look over an assortment of financial establishments including traditional banks, online banks and credit unions.

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If you have recently immigrated to Canada or are planning to do so soon, this post covers what you need to know about the best banks for newcomers.

Newcomers to Canada have their hands full when they first get here. There are tons of things you need to figure out...housing, jobs, education, banking, investing and more.

To help you become established in Canada and set you up for financial success, I have written a detailed financial checklist specifically for newcomers and international students.

Best Newcomer Bank Accounts in Canada

Canada has a robust and safe financial system. For day-to-day banking needs, newcomers can choose from a variety of financial institutions including traditional banks, online banks and credit unions.

Some of the things you should consider when choosing your first bank account are:

What do you need in a bank account? How many transactions will you conduct every month? Are you comfortable with online-only banking? Do you want to open other accounts (e.g. mortgage, investments, savings, credit cards etc.) in the same place? Will you be sending international money transfers?
Monthly Fees
Typically, traditional banks will offer you a promotional period (usually 1 year) when you do not pay a monthly account fee. Afterwards, a regular fee may apply. Consider whether these fees are worth your while. Some banks will continue to waive their monthly fee if you keep a minimum balance.

Digital banks offer regular no-fee chequing accounts.
Transaction Fees
In addition to the monthly account maintenance fees, you should also be aware of transactional and service fees and limitations e.g. ATM withdrawals, Interac e-Transfers, cheques, and online bill payments.
Access
How accessible is your bank? While most banking transactions can easily be completed from the comfort of your home, you should choose a bank that has branches close to where you live if you plan to conduct lots of in-branch transactions.

Online-only banks like Tangerine and Simplii Financial have little to no physical branches you can walk into. However, they have thousands of ATMs you can access for free across Canada.

Some banks allow you to open an account even before you land in Canada.

You want to earn a competitive interest rate on the funds in your savings account. Compare interest rates across banks and read the fine print.

Some online banks will pay you interest on your chequing account balance.

Newcomer Bank Accounts - Big Five Banks

These are the banking packages offered to new immigrants by Canada's five largest banks.

1. Scotiabank StartRight Program

Scotiabank is the third-largest bank in Canada by asset size. Through their StartRight program, newcomers have access to a free chequing account (for 12 months), savings, credit cards, mortgage, personal loans, free credit scores and more.

The Scotiabank StartRight program caters to newcomers who have been in Canada for 0-3 years.

You can open a Scotiabank Preferred Package Chequing account and get:

No monthly fees for 12 months (costs $15.95 after the first year) or it can be waived after the first year if you maintain a minimum balance of $4,000

Unlimited debit and Interac e-Transfer transactions

1 free withdrawal/month from a non-Scotiabank ATM

Access to a high-interest savings account

Up to $139 fee waived on Scotiabank credit cards in the first year

Free credit scores

Earn rewards on every debit transactions via the SCENE or Scotia Rewards program

Get more details about Scotiabank's chequing accounts here.

2. RBC Newcomer Advantage

The RBC Newcomer Advantage is a program offered by Canada's largest bank to permanent residents and international students.

Under the program, you can open an RBC No Limit Banking account or RBC VIP Banking account and pay no monthly fees for 12 months.

Note that these accounts will cost you $10.95/month or $30/month respectively after your first year.

The RBC No Limit Banking comes with unlimited debits and Interac e-Transfers. You also get:

Two free international money transfers per month for 6 months

Access to credit cards, mortgage, car loans, business bank accounts, and investments

3. CIBC Welcome To Canada Banking Package

CIBC's Welcome To Canada Banking Package is available to newcomers who obtained their permanent resident status within the past 5 years.

A CIBC Smart for Newcomers account offers:

No monthly fees for 1 year (up to $14.95/month after)

Unlimited debit and Interac e-Transfer transactions

Free safety deposit box for 1 year (costs $60/year after)

Newcomers can also access various credit cards, mortgage, personal loan and investment products.

4. BMO NewStart Program

This program is provided to newcomers who have arrived in Canada within the last 5 years.

The BMO NewStart Program offers 1-year of free banking under its Performance Plan. This banking package comes with:

No monthly account fees for 1 year ($15.95/month after); waived with a $4,000 daily balance

Unlimited debit and Interac e-Transfer transactions

1 free non-BMO ATM withdrawal per month (in Canada)

Free small safety deposit box for 1 year ($55 after)

Newcomers also get access to other banking products including credit cards, international money transfers, investments, mortgage loans and more.

5. TD New To Canada Banking Package

TD's New to Canada Banking is for permanent and temporary residents who have been in Canada for 2 years or less.

You can open a TD Unlimited Chequing Account and get:

No monthly fees for 6 months ($15.95/month after; waived with a $4,000 balance)

Unlimited transactions (debit and Interac e-Transfers)

No TD fee on any ATMs in Canada

$20 discount off select TD credit cards (first year only)

1 free international money transfer per month for 6 months

TD also offers a variety of credit cards, loan products, investments and savings accounts.

Newcomer Bank Accounts - Online Banks

Online banks offer newcomers access to regular no-fee chequing accounts that pay interest and are non-promotional.

You can use a full-fledged online bank as a primary bank ( note the pros and cons of online banks) or use them as a secondary bank to complement your other accounts.

An online bank can save you hundreds of dollars in annual banking fees.

Online banks in Canada provide security similar to their traditional bank counterparts and you enjoy deposit protection through the Canada Deposit Insurance Corporation.

Also, many of them are actually owned by larger and more established banks.

1. Tangerine Bank

Tangerine Bank is the online direct banking arm of Scotiabank (a Big Five bank). It is the most popular online bank in Canada.

The bank has cafes/kiosks you can walk into in some of the biggest cities in Canada. You can read my complete review of the bank here.

Tangerine's No-Fee Daily Chequing Account offers the following:

No monthly account fees...ever

Unlimited debit and Interac e-Transfer transactions

Interest on your chequing account balance...up to 0.65%

First cheque book of 50 cheques is free

Free mobile cheque deposits

24/7 phone support

Access to 3,500+ free Scotiabank ATMs across Canada

Tangerine Bank offers a full suite of financial products and newcomers can take advantage of their 2% Money-Back Credit Card which has no annual fee.

You also get access to personal loans, mortgages, investment funds, GICs, a home equity line of credit and a popular high-interest savings account.

2. Simplii Financial

Simplii Financial is the digital banking arm of CIBC. Their no-fee chequing account offers:

No monthly account fees...ever

Unlimited debit and Interac e-Transfer transactions

Access to 3,400 free CIBC ATMs across Canada

Interest on your chequing account balance...up to 0.50%

International money transfers

Simplii also offers credit cards, mortgages, personal loans and investment funds. Read this Simplii review for more details about their financial products.

3. EQ Bank

EQ Bank is another online banking choice for new Canadians. They are owned by Equitable Bank, a federally regulated Schedule I bank with more than $32 billion in assets under management.

EQ Bank offers one of the best savings rates you will find in Canada.

While they do not replace your primary bank (i.e. they offer a limited selection of products), you can use EQ bank to hold your savings and to send international money transfers.

The EQ Bank Savings Plus Account offers:

Zero monthly account fees

2.00% high-interest rate

Hybrid account options (savings + chequing) with unlimited debits and Interac e-Transfers

Cheap international money transfers

Free mobile cheque deposits

They also offer GIC products with varying term lengths. Read my full review of the bank here.

How To Open a Bank Account as a Newcomer

To open a new bank account after you land in Canada, you will need to visit a branch and bring the following documents with you:

Permanent resident card or confirmation of permanent residence (IMM5292 or IMM5688)

Work permit if applicable (for foreign workers - IMM1422)

Social Insurance Number

1-2 pieces of valid government-issued photo ID such as a passport or driver's license

Some banks allow you to start the process while you are still abroad. In that case, you will need to complete an application form and send it in.

For online banks, the application process is completed online and you may have to scan in your documentation.

Conclusion

A bank account in Canada is going to be crucial for you to manage your finances.

Carefully compare plans and offerings across different banks before choosing the package that best suits your needs.

You do not have to keep all your accounts with just one bank. In some cases, it makes sense to open your primary chequing account with one bank while you open a savings or mortgage account with another bank offering better rates.

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Best Bank Accounts for Newcomers to Canada

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If you have recently immigrated to Canada or are planning to do so soon, this post covers what you need to know about the best banks for newcomers. Newcomers to Canada have their hands full when they first get here. There are tons of things you need to figure out...housing, jobs, education, banking, investing and more.

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This Image is indicating to choose a bank which provide best interest rate on your saving so you can be financially independent and the customers gets the best benefits with savings account.

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This image indicate all the suitable factors a customer should consider before choosing a bank and this image also manifest about the factors a customer should consider while choosing loan the customer might need anytime in life.

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In this pad let we are looking for different videos, websites and images which shows which bank to choose for opening an account and considering different factors about which bank is more beneficial and convenience according to the customer needs and satisfactions.
This pad let will help a newcomer or any customer to choose a bank according to their needs and will provide you vast information about the banks in Canada and their advantages and drawbacks on the basis of their benefits, interest charges, service fees, Locations, etc. we will see all this factors briefly in this pad let.

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What did you learn about your topic that surprised you the most ?

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What did you learn about your topic that surprised you the most ?

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The different type of financial establishments like traditional banks, online banks, credit unions surprised me the most as I was not aware with them.

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Provide Real life example of how this topic is relevant or interesting for you. 

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Provide Real life example of how this topic is relevant or interesting for you. 

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As I am an international student I have to increase my credit score to buy or purchases things and credit union help with that how to increase credit score and maintain it.

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If you could pass on your knowledge to a family member or a friend, what do you think is the most important thing to pass on?  

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If you could pass on your knowledge to a family member or a friend, what do you think is the most important thing to pass on?  

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The most important things to pass on to family or friends is the different interest rates and service fee charged by different banks to the customers.