Transferring funds from country of residence

[Mzub]

Dear all,

How can we transfer funds from SaudiArabia to Canada while going on immigration because here we have to close our bank account before leaving on

 

[DiNaV]

I am looking for transfering funds too before immigrating and came across this link on one of the threads

http://www.rbc.com/newcomers/moving-to-canada-resident.html

See if that helps! I am looking for someone who would have successfully tried this option but found none so far. If you do share here .

Good Luck!

 

[Mzub]

I am looking for transfering funds too before immigrating and came across this link on one of the threads

http://www.rbc.com/newcomers/moving-to-canada-resident.html

See if that helps! I am looking for someone who would have successfully tried this option but found none so far. If you do share here .

Good Luck!

Thanks for the reply. Need to know is it possible to open a bank account in Canada before leaving.

 

[rockytg]

Yes. A bank account can be opened before actually moving to Canada. There are a number of banks which provide this facility Scotiabank, RBC being a few of them. Just check there sites and see if this facility is available in your country.

Once an account has been opened, money can be transferred to it. However, the account would be inactive till the time you do not visit the bank's branch in Canada.

Check the below link for details

http://www.scotiabank.com/ca/en/0,,6194,00.html

The other option is getting a demand draft made in your name. Once you open an account in Canada it can be encashed.

 

[Mzub]

Thanks

 

[mgnlky]

I am looking for transfering funds too before immigrating and came across this link on one of the threads

http://www.rbc.com/newcomers/moving-to-canada-resident.html

See if that helps! I am looking for someone who would have successfully tried this option but found none so far. If you do share here .

Good Luck!

I opened an RBC account before moving to Canada. It's a pretty easy, straightforward process.The only catch is the account is "Deposit only" until you physically go into a branch & they verify your identity. However, if your application is declined, you can obviously get the money back. RBC was also really good about answering questions over the phone or via email.

I tried to contact ScotiaBank & CIBC, and both told me I could open a bank account while not in Canada, but in order to get questions answered I'd have to go into a branch. So pretty unhelpful for me.