Opening a bank account as a newcomer
Updated 2026-10-25ਅੰਗਰੇਜ਼ੀ ਮੂਲ
Official source: Financial Consumer Agency of Canada ↗
Published 2026-10-25Last checked 2026-10-25Language English
ਅਜੇ ਅਨੁਵਾਦ ਨਹੀਂ ਹੋਇਆ। ਅੰਗਰੇਜ਼ੀ ਮੂਲ ਦਿਖਾ ਰਹੇ ਹਾਂ।
If this page and the official page differ, the official page is right.
Your right to an account
In Canada you can open a personal bank account without a job and without depositing money right away. The bank must see acceptable identification.
What to bring
- Two pieces of identification from the official list, or one piece plus a reference the bank accepts.
- Your immigration document, such as a COPR or a permit.
Newcomer packages
Most large banks offer newcomer accounts with lower fees for the first year and a first credit card without a Canadian credit history. Compare the monthly fee after the offer ends, not only the welcome bonus.
Tips
- Ask for a chequing account for daily spending and a savings account for your savings.
- Ask how to send and receive Interac e-Transfers. Landlords and employers often use them.
ਆਮ ਜਾਣਕਾਰੀ, ਕਾਨੂੰਨੀ ਸਲਾਹ ਨਹੀਂ। Every guide links to the official source and shows when we last checked it. For your own case, use IRCC’s tools or a licensed consultant.