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Opening A Bank Account
in Canada

Opening a bank account in Canada allows you to easily manage your daily expenses, pay bills, and make money transfers. While the process may vary slightly from bank to bank, it generally follows similar steps. Below, you will find detailed information and steps to follow for opening a bank account in Canada.

Required Documents

When opening a bank account in Canada, the following documents are usually required:

  1. Identification Document: A valid photo ID such as a passport, driver's license, or a Canadian government-issued ID card.

  2. Proof of Address: A document issued within the last 3 months, such as a lease agreement, utility bill, or bank statement.

  3. Social Insurance Number (SIN): Banks typically ask for your SIN, although in some cases, this may not be mandatory.

Choosing A Bank

Canada has many banks, each offering different types of accounts and benefits. It is important to choose the one that best meets your needs. We generally work with RBC Bank, and our students and their parents are very satisfied with this bank. We find that RBC Bank is efficient for money transfers from Turkey to Canada or within Canada. Alternative banks include Scotiabank, TD Bank, and CIBC. Regardless of the choice, it is fair to say that Canadian banks maintain a certain standard.

If you choose to proceed with RBC Bank, we can arrange a meeting on your behalf and provide support for the account opening process

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