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Bank Accounts General discussions on bank accounts, withdrawing funds, virtual bank accounts (VBAs) and more.

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Old 06-15-2017
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Default Opening a Bank Account in Canada - for European people

I will be in Canada for a few days. Is it easy for me to get a bank account if I am just traveling there? Can I use that bank account to open sub-accounts from time to time or i need to in the bank for doing that?
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Old 06-15-2017
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Default Re: Opening a Bank Account in Canada - for European people

You can get bank accounts if you have valid ID in person at the bank. You can then go online into the account and create more accounts (usually is fine but some banks may have some limits if you are not citizen or permanent resident)
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Default Re: Opening a Bank Account in Canada - for European people

What banks should I use? What do you mean by Valid ID. If I am from Latvia how hard they will check my passport?
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Default Re: Opening a Bank Account in Canada - for European people

I believe you need to be a Canadian citizen in order to open your account.
And any of the big 5 will work fine. I myself am a big fan of RBC as they will also offer you the options to open US based bank accounts which are automatically linked to your Canadian ones (TD also offers US accounts but as I recall the process is a lot more complex to open those).
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Default Re: Opening a Bank Account in Canada - for European people

You need to have a Canadian SIN (Social Insurance Number) - no other way around it
So you have to be at least resident in Canada
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