Scotia Bank, Start Right program! Funds Transfer before landing

[permafrost_can]

Well, the agent I spoke to said based on my nationality I can't open an account before arrival, I also tried the website and when I selected my nationality, a message stating that the service is not available for my country was displayed. Do you know other banks that extends service in UAE?

I'm really sorry you weren't able to open the account

I know for a fact that TD Bank and CIBC don't have that service. RBC and BMO say on their websites that they do offer it, so perhaps you could try with either one of those.

If you are unable to transfer your money that way, there are a few other options. You could try to make an arrangement with your bank in the UAE to allow you to send an international transfer online or to somehow authorize it while not being in the UAE anymore. That way, once you land, you will open a bank account and then order the funds transfer online or by telephone, from your UAE account to your account in Canada. Alternatively, you could slowly dispose of your funds through ATM withdrawals and/or cashing cheques. Yes, cheques and money orders from international banks are subject to a hold of up to a month that is just how it is. The ATM withdrawal would obviously be immediate but you would pay fees for each withdrawal. If there is Western Union in the UAE, you can also open an account and link it to your bank account in the UAE and transfer money to Canada once you have a bank account here. That applies too to PayPal but, again, you would need to see if it is available in the UAE. You would need a Visa debit card for sure.

There is an immigration website called Moving2Canada and they have an article about transferring your funds from your home country. They promoted two apps that they claimed were very efficient and low cost. I don't know if they work and, unfortunately, I don't have the article handy but I'm sure you can find it easily if you browse through their website.

Good luck!

 

[Ferasz]

Than

I'm really sorry you weren't able to open the account

I know for a fact that TD Bank and CIBC don't have that service. RBC and BMO say on their websites that they do offer it, so perhaps you could try with either one of those.

If you are unable to transfer your money that way, there are a few other options. You could try to make an arrangement with your bank in the UAE to allow you to send an international transfer online or to somehow authorize it while not being in the UAE anymore. That way, once you land, you will open a bank account and then order the funds transfer online or by telephone, from your UAE account to your account in Canada. Alternatively, you could slowly dispose of your funds through ATM withdrawals and/or cashing cheques. Yes, cheques and money orders from international banks are subject to a hold of up to a month that is just how it is. The ATM withdrawal would obviously be immediate but you would pay fees for each withdrawal. If there is Western Union in the UAE, you can also open an account and link it to your bank account in the UAE and transfer money to Canada once you have a bank account here. That applies too to PayPal but, again, you would need to see if it is available in the UAE. You would need a Visa debit card for sure.

There is an immigration website called Moving2Canada and they have an article about transferring your funds from your home country. They promoted two apps that they claimed were very efficient and low cost. I don't know if they work and, unfortunately, I don't have the article handy but I'm sure you can find it easily if you browse through their website.

Good luck!

Thank you for the detailed reply. I will look at what options I have. Certainly I won't be able to use the cash option for security and peace in mind. Arrangement with my bank should be the first choice. thank you once again!

 

[engrsaadzahid]

Dear All,
I have opened online account for start right program in Nova Scotia Bank. Now I want to know how many days will it take to wire transfer from my saudi account to my scotia bank account ? Anyone has some experience please guide me. Furthermore, how many initial transactions in my international student account ?

 

[permafrost_can]

Dear All,
I have opened online account for start right program in Nova Scotia Bank. Now I want to know how many days will it take to wire transfer from my saudi account to my scotia bank account ? Anyone has some experience please guide me. Furthermore, how many initial transactions in my international student account ?

In theory it should take two to five business days but I don't know the specific case for Saudi Arabia.

It seems like you have unlimited transactions with that account: https://www.scotiabank.com/ca/en/personal/programs-services/newcomers.html

 

[engrsaadzahid]

In theory it should take two to five business days but I don't know the specific case for Saudi Arabia.

It seems like you have unlimited transactions with that account: https://www.scotiabank.com/ca/en/personal/programs-services/newcomers.html

Thanks for your reply. I have received the email from bank that they have received my transaction. My question is that "Am I allowed to do only one transaction or I can do more transactions as the email I have received while opening my account states "With your new account, you can now submit one wire payment for up to $50,000.00 CAD." ??

 

[thisislinh]

Thanks for your reply. I have received the email from bank that they have received my transaction. My question is that "Am I allowed to do only one transaction or I can do more transactions as the email I have received while opening my account states "With your new account, you can now submit one wire payment for up to $50,000.00 CAD." ??

Before you land and activate the account at one of their branches, you can only make one transaction.

 

[engrsaadzahid]

Before you land and activate the account at one of their branches, you can only make one transaction.

Thanks, which means the option is closed now for more transactions.. Have you tried it ?

 

[thisislinh]

Tried making a second transaction? No, I happy with the amount I've transferred

 

[engrsaadzahid]

Tried making a second transaction? No, I happy with the amount I've transferred

Lolx. Actually the first transaction I have made was only for test purposes. Now the actual amount I have to send.

 

[thisislinh]

Noo you don't @__@ That kinda defeated the purpose of account opening prior to landing.

 

[engrsaadzahid]

Noo you don't @__@ That kinda defeated the purpose of account opening prior to landing.

Thanks, let me sort other ways then

 

[fayfeily]

Please share your solution once you find out. Thanks.

 

[engrsaadzahid]

Please share your solution once you find out. Thanks.

I am going to contact the bank

 

[Horus_88]

Seems like I'm in a similar situation being a resident of UAE and not a UAE citizen, I'm not able to wire money to the online so-called Start right account from ScotiaBank, and guess what?? their call center agent advised that it would work perfectly fine if I was a UAE passport holder

 

[MFMsgk]

Thanks for your reply. I have received the email from bank that they have received my transaction. My question is that "Am I allowed to do only one transaction or I can do more transactions as the email I have received while opening my account states "With your new account, you can now submit one wire payment for up to $50,000.00 CAD." ??

How long did it take to reflect in your account there? Are you a resident in KSA or citizen?