Opening a Bank Account - Need some advice!!
#1
Just Joined
Thread Starter
Joined: Jan 2003
Location: Texas
Posts: 18
Opening a Bank Account - Need some advice!!
Hi all,
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
#2
Re: Opening a Bank Account - Need some advice!!
Originally Posted by saloneboy
Hi all,
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
i am not sure but someone would answer ur query
#3
Forum Regular
Joined: Mar 2005
Location: New Brunswick Canada
Posts: 130
Re: Opening a Bank Account - Need some advice!!
Originally Posted by amancharan
I think i have read alot of threads on this! just browse this forum a bit more! u will surely find answers..
i am not sure but someone would answer ur query
i am not sure but someone would answer ur query
I do know that if you want to open a bank account in canada you have to be present and sign forms infront of bank official. They will not allow you to do it by fax or over the phone nor can you have someone open a joint account with your name. It all has to be done in person. I talked to the Scotiabank yesterday and this is what I was told.. Also the TD bank and they said that all banks have changed alot since Sept 11th. This is what I have learned.
boyee
#4
Re: Opening a Bank Account - Need some advice!!
Originally Posted by Boyee
I do know that if you want to open a bank account in canada you have to be present and sign forms infront of bank official. They will not allow you to do it by fax or over the phone nor can you have someone open a joint account with your name. It all has to be done in person. I talked to the Scotiabank yesterday and this is what I was told.. Also the TD bank and they said that all banks have changed alot since Sept 11th. This is what I have learned.
boyee
boyee
But Mr B wants to go with Scotiabank (good deal and rates from them for people on his course) and they have emailed him this. I've cut personal identifying stuff out of the email but this is what they said, word for word copied:-
A bank staff member has to take 2 pieces of ID to open an account. This is part of the governments anti-money laundering legislation. You can fax me the PR landing forms, the acceptance from the university, along with copies of 2 pieces of identification. I can open the account but you will not be able to write any cheques or anyting until you stop by our branch and we validate the ID in person. Make sure you give an address and phone number for you in XXXXX. Once I have all this I can open an acocount, advise you the number, and you can wire the funds to your account.
So it seems it is possible. We haven't tried Scotiabank's suggestions above, but will do so next week.
Hth
Biiiiink
#5
Forum Regular
Joined: May 2004
Posts: 192
Re: Opening a Bank Account - Need some advice!!
Originally Posted by saloneboy
Hi all,
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
#6
Re: Opening a Bank Account - Need some advice!!
If you go in in person to the Royal Bank of Canada, they only needed a passort and driving licence.
We live in Uk and do all our banking via the internet to pay all of our bills on Canadian property.
They also allow you to save funds in Canadian dollars or US Dollars, and you can use your ATM card both in the US and Canada. It took us less than an hour to set up our internet account it is very straight forward and easy. Also there are RBC Atm's everywhere. There are charges but these are small compared to the great service we had and the convenience and speed that they set it all up. We can also telephone for help and have always had very helpful advice from staff.
We live in Uk and do all our banking via the internet to pay all of our bills on Canadian property.
They also allow you to save funds in Canadian dollars or US Dollars, and you can use your ATM card both in the US and Canada. It took us less than an hour to set up our internet account it is very straight forward and easy. Also there are RBC Atm's everywhere. There are charges but these are small compared to the great service we had and the convenience and speed that they set it all up. We can also telephone for help and have always had very helpful advice from staff.
Originally Posted by saloneboy
Hi all,
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy
I am about to land and was just wondering if anybody has some recommendations on banks and opening a bank account. Is it possible to do that from the U.S.? Also, what is the most effective way to transfer money to the new bank account? I tried talking to Bank of America and was only informed that they have an affiliation with the Scotia Bank, meaning that I could use their ATM free of charge. Any information will be thankfully recieved.
Thanks.
SaloneBoy