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Not landing until a month. Already have bank account open in Canada. I found a better deal at another bank just recently. Is there a problem switching my money from one bank to another shortly after landing? Yes, I'm being cost sensitive and seek higher return on interest rate. However, at...

Not that, I'm talking about the money that was already sent into the Canadian bank account well before landing. My savings from home. Bank requiring to show proof they are legal money. I'm spousal sponsorship family class, so no need POF to show I can support myself financially as required by...

I will land soon, already setup bank account in Canada and sending money in. My bank contact has been constantly reminding me to bring proofs for "source of funds" of my money sent. Has the rule changed that Canada is being really strict with money laundering measures suddenly or just my bank...

Which bank are you planning to switch to?

VO shouldn't be sending passport request if applicant is visa exempt. Unless passport is expired or close to expiration. Since COPR is expiring soon, make sure there's no miscommunication in between. Lots of trouble if applicant cannot land by the COPR expiration date.

Thanks! How long from the date of application to pickup of card?

I'm renting and need to pay all utilities myself (the one I like). If deposit+payment from direct debit work, then I shouldn't have any problem. Otherwise, I can only look for rentals that include utilities. I will be staying at an Airbnb for a couple of weeks and will move as soon as possible.

I will land in a few weeks, how long does it take to receive my first credit card after application? I'll need to setup a rental of apt as soon as I arrive. Someone told me I can't setup utilities account without a credit card issued by a Canadian bank, is that right? I thought utility...

I read TD offers free box for each year you're with them with $5000 minimum balance (ie. after the first 6 month no min balance promotional period for a new comer). Just for reference, getting such small box costs at least $40 per year at an average bank. BTW, how do local people store their...

Sounds great! I read most new comers package offer free safety deposit box but are they readily available?

I will be moving to Canada for good next month. I've set up a non-resident bank account and have been sending US dollars into that savings account earning interest. Is the interest so earned not taxable? Bank told me they won't withhold tax nor send me any tax slip after year end. Is that...

Different VO has their own timeline. The only way to know the status is by ordering notes. Since they've asked you for additional documents, the next thing you hear from them is approval/rejection (certainly hope it's the former). Try reading the Spousal sponsorship re timeline of some...

They all need good credit history to get their credit cards, no?

I've checked TD and RBC, both offer free banking to new comers for 6 months with an unsecured credit card. However, they will require minimum balance ($5000 for TD) or monthly fee after 6 months ($14.95/month for RBC). Anyone knows where else offers new comer package with less fees and lower...

That's why it's a good idea to own both CAD and USD if you are or will live in Canada.

When I had my Canadian bank account opened, I didn't apply for internet banking. So, is it ok to accompany with me (at time of landing) wire receipts from country of origin bank that I sent money and by how much into Canada before arrival? What I have now is only an email from the recipient...

I second that. Good to do research before you consult a professional, so at least you know what exactly to ask. I know a lot of professionals who are not really that knowledgeable as they claim.

No SIN is required. You earn the same as a resident earns. Non residents are limited to just a a few options (high interest savings account, GIC, etc) only.

I had mine at HSBC. If you qualify for Premier account status in the US (in Canada, it's total assets of C$100k), you can even go into a US branch and ask them to open a Canadian non-resident account for you so you can save a trip. What I'm not sure if "short landing" has a problem as, say in...

Banks in Canada offers non-resident account but you need to confirm if it fits your "short landing"setup. I opened a non-resident account in Canada last year, sending money in there earning interest income. A lot of non resident make investments (thought limitations in the kind of investments...