Which bank for new comers

[Yoda24]

Hi
I will be moving to Canada in few months and plan to open an account before coming. I request to please provide your kind opinion on which bank to go with to open an account. I was thinking of TD trust or RBC, appreciate if you can provide me your thoughts.

 

[mgnlky]

I've used Royal Bank of Canada and have had no problems with them so far. To open an account before arriving, you only have the option of a deposit-only savings account. Once you visit the bank branch though, you can convert that to any type of account you want.

 

[Yoda24]

I've used Royal Bank of Canada and have had no problems with them so far. To open an account before arriving, you only have the option of a deposit-only savings account. Once you visit the bank branch though, you can convert that to any type of account you want.

Thanks for your thoughts

 

[tejasmhaskar]

Do look for Tangerine Bank. They don't charge any monthly fees. Most of the banks in Canada charge ~ $10 to $15 monthly fee for your account!

 

[Andre_Smol]

I went with TD Canada

They have a newcomer package, which waives all fees for the first 6 months and gives you the ability to open a chequing and savings account and a credit card to start building your credit history in Canada.

As long as you keep a certain minimum balance in your account at all times, they will also waive your account fees after tye 6 months.

https://www.tdcanadatrust.com/planning/life-events/new-to-canada/products-and-services/index.jsp

Hope that helps.

 

[CanadaHereIam!]

TD... flexible hours, more locations, more staff at every location....

second option CIBC they have new to Canada account which has good features...

 

[JoacRy]

For me you can't go past Canada's largest bank (RBC). Have been with them since arriving in Canada (27 June 2014).

Good luck with whatever you decide.

 

[Yoda24]

Do TD trust help applicant to open an account before moving to Canada ?
I was not able to find the details on bank's website. Suggestions please !