Banking in Canada

There are several major banking institutions in the Vancouver area and in Canada that you can choose from to open an account depending on your needs.

Types of Bank Accounts

Student Banking Benefits

Students can open a Student Account with most banks without paying a monthly fee. Some banks offer extra incentives for students such as:

• Free movies and entertainment discounts
• Discounts at certain stores
• No monthly account fees
• Free transactions up to a certain limit
• Special student credit cards

Required Documents

Important: Banks may have different requirements depending on the type of account or service you are seeking. Please ensure that you check the institution's website to see the required documents.

Generally Required Documents

Proof of Enrollment Examples

• A letter on the university/college letterhead stamped or signed by the institution
• A copy of the tuition receipt
• Official enrollment verification

Banks Near Surrey Campus

Money Transfer Services

The cheapest way to transfer money to (and usually from) another country is through these services:

Bank Transfers: You can also use your bank to transfer funds internationally, however, fees will vary depending on your financial institution and are typically higher than specialized money transfer services.

Mobile Banking

Most financial institutions have their own mobile applications that allow you to:

• Check account balances
• Transfer money between accounts
• Pay bills online
• Deposit cheques by taking photos
• Find ATMs and branch locations
• Set up account alerts

Banking Tips for International Students

Pro Tip: Contact your bank directly if you are having issues or have questions about your account. Most banks have dedicated international student advisors who can help with your specific needs.