Money and Tax Advice for Canada
Bank Accounts in Canada
If you decide to gap work in Canada then you will need to open a bank account. Below, we have detailed some useful information for anyone travelling and working in Canada as we explain how to open a bank account and give you some general advice on Canadian banks.
How to open a bank account
In Canada it is not too difficult to open a bank account. Usually you are only required to produce two forms of identification which have been issued officially by the government such as a passport or driver’s license and proof of your address such as a utility bill. It is also common for banks to ask you for a reference and it is a good idea to get your gap work employer to provide a reference for you.
The services offered by banks are the same as offered in the UK. All banks will have ATMs or ABMs (automatic banking machines as they are known in Canada). These machines will be widely available wherever you travel and your bank account can be accessed from these 24/7.
Banks will open from 09:30 to 16:30 Monday to Friday. Not all banks open on a Saturday, so it is worth finding out whether your chosen one does should you need to go to the branch.