Pointers to Consider When Applying for a Non-Resident Bank Account in Canada
January 31st, 2009
A US citizen can apply for a resident bank account in Canada if he/she can show a legal work permit. However, if you are a non-Canadian resident, then you can apply for a non-resident bank account instead.Most banks require non-residents to submit a photocopy of their passport, driver’s license and photo when opening a Canadian credit card. If you’re planning to open a bank account in Canada, here are some tips you can consider:Know the bank’s rules in transferring and receiving funds. If you need to use your account for sending/receiving money to/from another country, see to it that the fees are reasonable.Do extensive research about the bank’s background and reputation. The leading banks in Canada are the Canadian Trust and the Canadian Imperial Bank of Commerce but you can also find international banks that offer great services.
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