It actually depends on the bank. They have all the information in their website or send them an email for your queries. As for the LOA, I was talking about the visa application.tipsy said:so opening a bank account needs LOA from the school? I am planning to open this Aug when I visit canada so that when I come there next year around July. I can immediately send my money to my bank account without carrying with me, $100 maintaining balance I think is safe. Do you think its possible?