AfroGlasgow

Hi All,

Please is this how Scotiabank account number format looks like (
000000012345678). I recently open this account online so I can transfer some money before arriving in Canada.

The zeros on the account seems to be too much, so am not sure if its 12345678 that is the actual account number.

If this is the format am planning to use Transferwise to transfer about £2000 (just being cautious) before I arrive.

Thanks

JonboyE

There are three elements to an account number:

The institution number is a three digit number that identifies the bank. For Scotiabank this is 002.

Next there is a five digit number that identifies the branch.

The actual account number varies by institution. My Scotiabank accounts all have a seven digit account numbers. When filling forms that have space for longer account numbers the account number goes to the right is is pre-filled with zeros.

Aviator

You may also need the Swift code for an international transfer. Your bank should be able to e-mail you a page with the correct details for the transfer.

https://www.theswiftcodes.com/canada/

Bucks_Family

I just made a transfer from the UK using Transferwise, all I needed was the 3 parts JonboyE mentioned - institution number (002), branch number (5 numbers) and account number (7 numbers for me).
Money arrived in two days, no problems.

AfroGlasgow

Thanks very much appreciated. However out of curiosity did open your account while still in UK.
The account number I have is in this format 000000012345678 and I have never seen any account as long as this hence my original question.

AfroGlasgow

Thank you.

BristolUK

My last transferwise transfer arrived the day before according to my bank statements.

When I requested it Sunday afternoon my confirmation email said Monday, which I thought was pushing it but it showed up in my Canadian account between going to bed Monday night and getting up Tuesday.

My UK statement shows the debit Wednesday.
TransferWise can see the future.

DandNHill

I think sometimes they bunch everything together.
So SB is 002, then google transit number for whatever town/branch the account is located in- or maybe google online transit number. Compare that string of numbers to that long number thrnim guessing there may be 7 more numbers which are your account number?
But have you checked properly on your online account? Maybe it's hiding somewhere ina not so obvious place?

AfroGlasgow

Thanks for responding. I just re-read the T&C of funds transfer, basically I can only send funds through my UK bank account only. I can't for example use TRANSFERWISE to transfer funds as till the Scotiabank is fully operational after landing in Canada.

Hurlabrick

I don't wish to worry you, but did you spot this older posting:


http://britishexpats.com/forum/canad...m-tale-888626/


I also recall reading that the Scotiabank newcomer account does not allow transfers from anything other than your own personal UK bank account while it is in this 'frozen' status.


I would recommend a personal trip to Canada then set up a 'proper' bank account (although I suspect you would need a SIN, which in turn I don't think you can get without a CoPR / visa etc.).


Certainly I did this and have had no problems whatever in making Transferwise transfers into My Canadian account (with TD Trust and yes, I do have and use the information that JonboyE mentions).

Hurlabrick

Transferwise can do this because it is not actually an international money transfer as such - it is simply a payment from one Canadian bank to another.


Transferwise works quite differently from true FOREX companies in that it does not actually convert 'your' money - you pay into their ESCROW account in GBP and they instruct their Canadian ESCROW account to pay out by local Canadian money transfer the agreed sum in CAD (money that people converting from Canadian dollars paid in) - sort of a peer-to-peer currency matching service.

AfroGlasgow

Thanks for this. The idea for opening Scotiabank account was so the Mrs doesn't carry large sums of money on her. I was told she would be able to activate the account fully once she lands as a PR in june.

I think she will just take a stamped print out of her bank statement and take along incase sge is asked to show proof of income at the airport.
Once in Canada she will open a proper account.
Thank you once again

JonboyE

You do not need a SIN to open a regular bank account. Just satisfactory ID.

FromUKtoBC

no not required to have PR to open Canadian acc

can open Canadian HSBC acc from UK and start using it whilst still in UK