BEST BANK ACCOUNTS FOR NEW IMMIGRANTS TO CANADA
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- čas přidán 30. 06. 2024
- Hey guys,
in this video, I am exploring best bank accounts for new immigrants to Canada. I am going through options with major Canadian banks and online banks as well.
Every new immigrant to Canada will need at least certain established credit history in order to make any financial decisions. Therefore, it is very important to have a Canadian bank account as a new immigrant to Canada and making the right choice when choosing one.
Canada is on truck to welcome 500,000 new immigrants every year, which will have in my opinion huge impact on competitiveness between available products and packages for all new immigrants to Canada.
There are many different bank accounts packages already designed for new immigrants to Canada, offering certain financial products even without prior established credit history.
I am going through best options in checking accounts available to new immigrants with major 5 Canadian banks and also exploring options with major online banks.
Thanks for watching guys, if you find value in this video, please support it by hitting the like button and subscribing to my channel:)
Norbert
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Information contained in this video cannot and does not contain personal finance advice. The personal finance information is provided for general information, educational and entertainment purposes only and is not substitute for professional advice. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of personal finance advice. The use or reliance of any information contained on this channel is solely at your own risk.
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Opening a bank account is a crucial first step to financial success. It's like planting the seed for your money tree. 💰💼 Over the years, I've found that having multiple accounts for different financial goals, whether it's a high-yield savings account, a brokerage account for investments, or a business account, has been key to growing my wealth.I wasn't financially free until my 30s, and I'm still in my 30s. I've bought my second house, earn on a monthly basis through passive income, and achieved 4 out of 5 goals. Investing is the wise decision I made
So generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I’ll advise you do get a good Investment advisor for yourself.
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information about her, you can conduct a search online
personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.😊
I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me
How about you stop your cheap mkt strategy? Even if this is real, it sounds like a scam.
Best sim cards and back accounts and credit cards for people coming on work permit in 2024 plz make video
Thank you for this good video. i am on a visitor visa, would like to have a credit card yet without too much account charges. pls what do you advice?
Hi, great content. Im coming to canada on a temporary residence can i open an account with CIBC?
What’s the monthly fees for the RBC and CIBC accounts after the promotional period?
I've been doing some research best checking account I found was Scotia bank. The fee for this service is only $3.95 but you're limited to 12 transaction per month for the basic bank account.
As a Newcomer, I planned to make my life in Canada, with the second group of banks, the online account is that possible to build enough credit to buy a house?
Yes, it definitely is. They report the same way to the Credit Bureau as does group #1 👍
Is Dejardins a good bank for immigrants to Quebec ?
Hey, every bank has its pros and cons. Desjardins is offering interesting packages for newcomers to Canada as well, including first credit card
Thank you very much. Based on this and the credit card video, i am going with RBC.
Do CIBC allow TFSA?
Hey, yes, it does
every bank does
@@norbertnavratil7359hello sir, can you help me find which banks in Canada Vancouver charges less while bringing bank draft as a student from Nepal? We can only bring max $1500 usd max and they only give $500 and ask to take travel or forex card which charges huge commission per transaction! But if we bring bank draft we can take up to usd 10,000 so plz help me find which banks of Nepal & Canada Vancouver are interlinked for bank draft
Thank you Norbert, I'm now informed about the bank system in Canada
Sir, is it possible to make someone living in home country as nominee for fixed deposit account opened in royal Bank of canada? Eg parent, sibling back in homecountry. Or is it necessary that nominee should also reside in Canada? I will be grateful to know about this sir.
Hey Norbert,
Can we have multiple bank accounts as a newcomer?
The best video I've watched about this topic. straight to the point and with important info. love it !
Thank you a lot!
Which one do you recommend? Scotia or CBCI account for 2023, both cost frais 30 per month
TD bank is the worst
Please stay away
How to open online bank account in Ontario Canada but I am living in India?
Great content Norbert! I came across your channel while looking for credit card advice for someone in my situation. I am a temporary resident with a work permit in Canada. Because of the nature of my job, sales, I need to have a higher credit limit for work-related expenses which can be reimbursed. I already have some credit history built in Canada with a secured 500-dollar credit card from TD. However, they won't raise my credit limit unless I keep depositing money as collateral, but right now I am unable to do that. What credit card would you recommend based on my current situation? I am hoping to get enough points under the express entry pool to get an ITA via the Canadian experience class. P.S. What country are you from?
Thank you!
Hi Pablo, thank you very much 🙏 since you have been working in Canada and have already certain credit history, you should certainly be able to obtain another credit card with a higher credit limit without collateral needed.
I personally have great experience with newcomer account with credit card without collateral with higher limits at RBC Royal Bank or Scotia Bank. ( my background is Slovakia :)
Pp
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