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SIN, can you open Bank account without?

SIN, can you open Bank account without?

Old May 6th 2003, 6:35 am
  #1  
Geoff Tomkins
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Default SIN, can you open Bank account without?

Please...

Can anyone tell me, do you need a SIN to open a Bank account in CA? If
so, what do you do with your Money? is this a silly thing to ask?

Thanks for all replies
 
Old May 6th 2003, 8:13 am
  #2  
nobody
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Posts: n/a
Default Re: SIN, can you open Bank account without?

Geoff Tomkins wrote:
    > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > so, what do you do with your Money? is this a silly thing to ask?

Well, my wife and I opened a joint account at TD-Canada Trust and she did not
have a SIN (although I do have one). They just said to notify them when she
does receive her SIN. I have heard (on this newsgroup) of people who did
open accounts without a SIN, so maybe you can try going to a few branches and
ask. Good luck.
 
Old May 6th 2003, 8:34 am
  #3  
Waterships
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Posts: n/a
Default Re: SIN, can you open Bank account without?

I have had a Canadian bank account for over a year - I am not a resident and
I don't have a SIN (I also have a US bank account).

Walked in off the street and opened an account no problem.


"Geoff Tomkins" wrote in message
news:[email protected]...
    > Please...
    > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > so, what do you do with your Money? is this a silly thing to ask?
    > Thanks for all replies
 
Old May 6th 2003, 9:04 am
  #4  
Kurakot
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Posts: n/a
Default Re: SIN, can you open Bank account without?

You'll need two pieces of PRIMARY IDENTIFICATION plus credit references







"Geoff Tomkins" wrote in message
news:[email protected]...
    > Please...
    > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > so, what do you do with your Money? is this a silly thing to ask?
    > Thanks for all replies
 
Old May 6th 2003, 9:23 am
  #5  
Nick B.
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Posts: n/a
Default Re: SIN, can you open Bank account without?

As long as you have two pieces of ID it's not a problem. You are not
required to provide your social insurance number to a bank.

"Geoff Tomkins" wrote in message
news:[email protected]...
    > Please...
    > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > so, what do you do with your Money? is this a silly thing to ask?
    > Thanks for all replies
 
Old May 6th 2003, 11:26 am
  #6  
Mrspard
Guest
 
Posts: n/a
Default Re: SIN, can you open Bank account without?

My husband, who is from US, here on visitor visa while awaiting his
inland application to finish, opened a Royal account with absolutely no
problems what so ever... all he showed was his drivers licence(which
also has his social security) and a Canadian tire credit card (which
also approved him no problem and then offered him the Canadian tire
mastercard).


Geoff Tomkins wrote:
    > Please...
    >
    > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > so, what do you do with your Money? is this a silly thing to ask?
    >
    > Thanks for all replies
 
Old May 7th 2003, 8:20 am
  #7  
Waterships
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Posts: n/a
Default Re: SIN, can you open Bank account without?

Not true. I had no credit references and I got an account within 40
minutes - including an ATM card.


"kurakot" wrote in message
news:[email protected]...
    > You'll need two pieces of PRIMARY IDENTIFICATION plus credit references
 
Old May 7th 2003, 10:11 am
  #8  
Nick B.
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Posts: n/a
Default Re: SIN, can you open Bank account without?

To open an account, you would have had to show two pieces of identification
of some sort that were accepted by the bank. The law requires this. A SIN
card can be one of the pieces, but you are not required by law to provide it
to a bank.

"waterships" wrote in message
news:[email protected]...
    > Not true. I had no credit references and I got an account within 40
    > minutes - including an ATM card.
    > "kurakot" wrote in message
    > news:[email protected]...
    > > You'll need two pieces of PRIMARY IDENTIFICATION plus credit references
    > >
 
Old May 8th 2003, 10:29 pm
  #9  
The Wizzard
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Posts: n/a
Default Re: SIN, can you open Bank account without?

It also depends which bank as well. Not specificly the SIN, but there are a
few banks that will not open an account witohut a credit rating, I know this
because I tried the other day, even though I am a PR and have a SIN etc. My
wife opened an account fine because she is Canadian and has a credit rating
but because I did not they wouldn't open one for me. The bank in question
was President's Choise, which is a subsiduory of CIBC and linked to the
Loblaw's chain of supermarkets. The guy said it was because they were a
"virtual" bank, with no real branches etc that they had to have a credit
rating to approve customers. Worth getting though as they are one of the few
banks that have no standard account fees etc.

"Nick B." wrote in message
news:[email protected]...
    > To open an account, you would have had to show two pieces of
identification
    > of some sort that were accepted by the bank. The law requires this. A
SIN
    > card can be one of the pieces, but you are not required by law to provide
it
    > to a bank.
    > "waterships" wrote in message
    > news:[email protected]...
    > > Not true. I had no credit references and I got an account within 40
    > > minutes - including an ATM card.
    > >
    > >
    > > "kurakot" wrote in message
    > > news:[email protected]...
    > > > You'll need two pieces of PRIMARY IDENTIFICATION plus credit
references
    > > >
    > >
    > >
    > >
 
Old May 8th 2003, 11:40 pm
  #10  
Chris
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Posts: n/a
Default Re: SIN, can you open Bank account without?

Hi Drew, I don't know why you had to go to a so-called bank, President's
Choice, that does not have any branches so it will be harder for you to do
whatever you want with your money in person (for sure they have Internet
transaction capability). In 1992 when I got to Toronto, in my very first
business day (I landed on a Saturday), I went with a friendly acquaintance
and opened my very first bank account in Canada, with CIBC (Lawrence/Kennedy
branch in Scarboro). Obviously I did not have a job, no SIN/Driver's
license/Health Card/Credit Cards/etc., nor any credit ratings, he, with a
CIBC account, just guaranteed for me and I opened that CIBC account. All
they needed from me was my passport and the record of landing. Also I had an
international driver's license. That's it, no other documents. Now, after 11
years, I still have my CIBC account, but I keep it open only for bill
payments (always over $1,000 in the account so I get unlimited transactions
for free) and Interac transactions with my CIBC bank/debit card, but I
already moved 99% of my money to ING that gives you the highest return for
your dollar (along with Amex). ING, as well as Amex, like President's
Choice, do not have any branches, so no overhead expenses, that's why they
can give a 3% interest for a regular deposit (and up to 4 free Interac
transactions per month with your ING card).
Chris

"The Wizzard" wrote in message
news:[email protected]...
    > It also depends which bank as well. Not specificly the SIN, but there are
a
    > few banks that will not open an account witohut a credit rating, I know
this
    > because I tried the other day, even though I am a PR and have a SIN etc.
My
    > wife opened an account fine because she is Canadian and has a credit
rating
    > but because I did not they wouldn't open one for me. The bank in question
    > was President's Choise, which is a subsiduory of CIBC and linked to the
    > Loblaw's chain of supermarkets. The guy said it was because they were a
    > "virtual" bank, with no real branches etc that they had to have a credit
    > rating to approve customers. Worth getting though as they are one of the
few
    > banks that have no standard account fees etc.
    > "Nick B." wrote in message
    > news:[email protected]...
    > > To open an account, you would have had to show two pieces of
    > identification
    > > of some sort that were accepted by the bank. The law requires this. A
    > SIN
    > > card can be one of the pieces, but you are not required by law to
provide
    > it
    > > to a bank.
    > >
    > > "waterships" wrote in message
    > > news:[email protected]...
    > > > Not true. I had no credit references and I got an account within 40
    > > > minutes - including an ATM card.
    > > >
    > > >
    > > > "kurakot" wrote in message
    > > > news:[email protected]...
    > > > > You'll need two pieces of PRIMARY IDENTIFICATION plus credit
    > references
    > > > >
    > > >
    > > >
    > > >
    > >
    > >
 
Old May 10th 2003, 1:27 pm
  #11  
Nick B.
Guest
 
Posts: n/a
Default Re: SIN, can you open Bank account without?

That's basically what it is... They look for about the same level of
creditworthiness that one needs to get an unsecured loan or credit card,
since their system entirely depends on ATM transactions and they want to
keep fraud down.

As for the fees, do note that no service charges = no service. You can't
get drafts from them, or certify a cheque, or even really talk to anyone
about anything without it being some random call centre staff... And if
ever you have a problem... well... good luck!
"The Wizzard" wrote in message
news:[email protected]...
    > It also depends which bank as well. Not specificly the SIN, but there are
a
    > few banks that will not open an account witohut a credit rating, I know
this
    > because I tried the other day, even though I am a PR and have a SIN etc.
My
    > wife opened an account fine because she is Canadian and has a credit
rating
    > but because I did not they wouldn't open one for me. The bank in question
    > was President's Choise, which is a subsiduory of CIBC and linked to the
    > Loblaw's chain of supermarkets. The guy said it was because they were a
    > "virtual" bank, with no real branches etc that they had to have a credit
    > rating to approve customers. Worth getting though as they are one of the
few
    > banks that have no standard account fees etc.
    > "Nick B." wrote in message
    > news:[email protected]...
    > > To open an account, you would have had to show two pieces of
    > identification
    > > of some sort that were accepted by the bank. The law requires this. A
    > SIN
    > > card can be one of the pieces, but you are not required by law to
provide
    > it
    > > to a bank.
    > >
    > > "waterships" wrote in message
    > > news:[email protected]...
    > > > Not true. I had no credit references and I got an account within 40
    > > > minutes - including an ATM card.
    > > >
    > > >
    > > > "kurakot" wrote in message
    > > > news:[email protected]...
    > > > > You'll need two pieces of PRIMARY IDENTIFICATION plus credit
    > references
    > > > >
    > > >
    > > >
    > > >
    > >
    > >
 
Old May 10th 2003, 5:18 pm
  #12  
Rob Turner
Guest
 
Posts: n/a
Default Re: SIN, can you open Bank account without?

Hello all,

Ditto to that, I have an account with the BMO, as I was not a resident my
main address remained in the UK but the mailing address was here in
Victoria (were I live )

Im currently undergoing a sposored spousal immigration. Currently a
visitor.

Rob Turner
http://www.pantaloons.mcmail.com

"waterships" wrote in message
news:[email protected]...
    > I have had a Canadian bank account for over a year - I am not a resident
and
    > I don't have a SIN (I also have a US bank account).
    > Walked in off the street and opened an account no problem.
    > "Geoff Tomkins" wrote in message
    > news:[email protected]...
    > > Please...
    > >
    > > Can anyone tell me, do you need a SIN to open a Bank account in CA? If
    > > so, what do you do with your Money? is this a silly thing to ask?
    > >
    > > Thanks for all replies
 

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