Where should I setup a bank account in Canada?
We asked expats in Canada what banks they use and there advice about banking. They advised...
"I have maintained my UK bank accounts and credit cards as it is useful when buying Christmas or birthday presents from web sites in the UK. I opened an account in Canada at Bank of Montreal and Scotiabank, and they are both excellent banks," mentioned another expat when asked about moving to Ontario, Canada.
"Before retiring in Canada, expats should consider their financial situation, researching the cost of living in the areas they are considering and the availability of pension and health insurance programs. It is also important to consider the cold climate, making sure to identify the right area that is suitable for winter living. Expats should look for job opportunities available for work after retirement and check the immigration requirements for entry and residency. Moving to Canada also means understanding the culture, making sure to research local customs and cultural norms. Finally, expats should take the time to make connections with locals, taking advantage of networking opportunities, language classes and community involvement," commented one expat who made the move to Canada.
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Other Questions:
- What do I need to know before retiring in Canada?
- How do I meet people in Canada?
- What is life like in Canada?
- Is there a lot of crime in Canada?
- Is there a lot of diversity? Are people in Canada accepting of differences?
- What are the schools in Canada like?
- Is the cost of living in Canada high?
- What advice do you have for expats having a baby in Canada?
- What are healthcare services like in Canada?
- Is the cost of living in Canada high?
- What type of recreational facilities are in Canada?
- What is the weather like in Canada?
- Are there good restaurants in Canada?
- Where will I buy groceries and do other shopping in Canada?
- What are the visa & residency requirements in Canada?
- Are healthcare and health insurance expensive in Canada?
- What do I need to know when buying property in Canada?
- Are foreigners allowed to own property in Canada?
- What appliances are typically included in a rental?
Where should I setup a bank account in Canada?
If you live in Canada, newcomers to Canada would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
