Have a valid Canadian passport for all visits abroad, including visits to the United States. This is the only generally accepted identification document that proves that you have the right to return to Canada. Students and young adults between the ages of 17 and 23 can also open a convenient checking account with TD. This account has no minimum balance and no monthly fees. In addition, it offers a $100 bonus for those who make 15 debit card transactions within 60 days of opening an account. If you plan to travel to or through the United States, we recommend that you visit the U.S. Customs and Border Protection website for information on the U.S. Western Hemisphere Travel Initiative and requirements for entry or return to the United States. You can also ask someone in good standing with the financial institution or community to confirm your identity as part of your identification requirements. Ultimately, your best option when opening a Canadian bank account as a non-resident is to contact a Canadian bank and inquire about the options available.
They will be able to explain to you what you need to do. “To open a personal bank account, you must present a valid, original, non-substantially defaced government-issued photo ID from an acceptable identification list. You will also need to show additional identification such as a bank card or foreign passport. All international travellers must carry acceptable identification and a valid visa (if required) when entering Canada. A passport is recommended as it is the only reliable and widely accepted travel and identification document for international travel. The bank will need your Social Security number or individual tax identification number in order to report any interest income you earn to the IRS. “Account opening requirements include two forms of valid ID such as passport, photo ID or driver`s license. You`ll also need proof of residential address, such as a voter card or utility bill. “International transport companies such as airlines need to ensure that travellers have valid and appropriate travel documents. If you do not have the correct documents, entry into Canada may be delayed or refused. What you need depends on where you come from, how you travel and with what documents you travel.
Consult the entry requirements by country. There are usually very few eligibility requirements for current accounts. All banks require account holders to be at least 18 years old, although most allow a minor to be registered as a joint account holder with a parent or guardian. A bank may reject you if you have criminal convictions related to fraud or financial crimes, or if another bank has closed your account due to mismanagement, such as unpaid overdrafts. Other forms of government-issued ID include a valid passport or U.S. military ID card. Just check with the bank to see if these are acceptable. In many cases, your best option for opening an account is to visit Canada and open your bank account in person. First, contact the bank to check what their requirements are for opening accounts for people who intend to become temporary or permanent residents.
Several banks offer specialized services to new immigrants, including RBC, Bank of Montreal and CIBC. “You must bring government-issued photo identification. Your photo ID must be valid, original and in good condition. Eligible identification must include a photograph and be issued by a government agency, including a federal government (e.g., Canada, the United States or another foreign government) or by a provincial, territorial or state government. You will also need to bring a secondary ID such as a bank card. Banks also require you to have a valid Social Security Number (SSN) or Individual Tax Identification Number (TIN) to open a checking account. If you have an SSN, bring your Social Security card to the bank so the representative can verify the document. If not, bring proof of your ITIN. If you don`t have both, be sure to apply for an ITIN before you go to the bank to open your account. You can do this by filling out Form W-7 and filing it with the Internal Revenue Service (IRS). Keep in mind that it can take several weeks to receive it.
Both parties must provide the appropriate identification documents. It is recommended that customers visit their local TD office and meet with a representative to streamline the process. The following documents can be used to establish Canadian citizenship. When presented by travellers, documents must be supported by another piece of government-issued photo identification: Canadian banks have special documentation and identification requirements if you want to open a bank account. The Financial Consumer Agency of Canada lists them in detail. In short, you`ll need to provide a combination of the following: “You will need two identification documents (e.g., driver`s license, passport, etc.) and a Social Security number for tax filing purposes.” Wise is a popular online currency exchange provider that offers inexpensive ways to send money abroad, and Wise`s multi-currency account is the flagship account offering. A Wise multi-currency account offers many of the benefits of a virtual bank account in Canada without residency requirements and is the perfect solution for a digital nomad. Below are some banking requirements and contact information for major Canadian banks. You`ll also need your immigration documents, as you`ll need the details to apply for an account: If customers meet the minimum balance requirements, this fee can be waived. Meeting these requirements also allows TD customers to earn more interest with ePremium Savings Accounts and High Return Savings Accounts. Upon arrival at a Canadian port of entry, travellers must demonstrate to a CBSA Border Patrol Officer (BSO) that they meet the requirements to enter Canada.
For Canadian citizens, permanent residents, and individuals registered under the Indian Act, this can be done by interviewing and reviewing documents, such as: For many who want a traditional bank account, it`s best to contact a Canadian bank with your needs. Some banks have teams that specialize in opening international accounts that can work with you to set up a bank account, even if you`re not already in the country. “To apply for a Scotiabank account, you`ll need valid government-issued photo and signature identification, such as a passport or driver`s licence, secondary information such as a credit card, debit card or tax card, and proof of address, such as a utility bill or a copy of a lease or letter from a landlord. If you are a non-resident customer, a letter of recommendation or ongoing bank statement from a reputable bank is required. Make sure you have proper identification for yourself and for children or minors traveling with you.