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Best bank in Toronto for new comers

armenaz777

Star Member
Apr 17, 2018
150
3
Hello. We're soft-landing next month and we want to open an account while we're in Toronto. Our real move would be next year.

What's the best bank for a new comer?
  • We're bringing 20K+ to Canada upon landing in cash and want to deposit that as saving account
  • We don't need chequing or payroll accounts as we're not moving to Canada yet
  • We need deposit account for both CAD and USD currencies
  • We need to be able to send money from overseas to our account with wire-transfer
  • A credit line is preferable, so we get a credit score during this year we've not moved yet
  • I believe most banks don't have service fee for first year or six months. This has no difference for us anyway because we're not going to be in Canada this year
Thank you in advance for your help.