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shazfa

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Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
 
Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
Opened one in RBC recently
1) no minimum account
2) no transactions on my account last 2 months and is active.
 
While at it, be sure to understand the rate structure on the account. You dont want to lose money in charges over an account that's not in use, unless you'll be settling within a few months.
 
Most backs offer no minimum accounts, fees are a pain though. No real free banking here generally and when it is free sortoff (it comes will all kinds of sucky conditions)
 
Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
Currently CIBC offers 1 year free banking along with a credit card. I would highly recommend you to get a product which also offer credit card which will help you to build credit history in Canada which is far more important than banking needs. I can help you to introduce a team that expertise on financial settlement in Canada.
 
Currently CIBC offers 1 year free banking along with a credit card. I would highly recommend you to get a product which also offer credit card which will help you to build credit history in Canada which is far more important than banking needs. I can help you to introduce a team that expertise on financial settlement in Canada.

Hey Sapguru, can you share the team details ??