The difference between bank account number and planned account in Montreal, Canada

Canadian immigration information: a comparison of Canadian bank accounts

20 17- 12-07

Reading 57

When you arrive in Canada, whether you are studying abroad or immigrating, you should open a bank account as soon as possible. There are five major banks in Canada, namely Royal Bank of Canada, Dominion Bank, Bank of Montreal, CIBC Bank and scotiabank.

There are two main types of bank accounts, one is a checking account and the other is a savings account. A checking account is equivalent to a current account of a domestic bank, with no interest. On the contrary, a savings account bears interest, and the interest rate varies according to the size of the deposit. The bank card here is called debit card, which is a kind of card that can directly swipe money from your account. Under normal circumstances, everyone uses a current account to swipe their cards because it has no interest. In Canada, 18 years old can go to the bank to get a credit card. Friends who have just arrived in Canada should pay attention to credit records such as credit cards and try to establish a good credit record.

Next, Novartis immigrant Liu (WeChat Ziegfeld00 1) will introduce you to the student accounts and credit cards of these five banks.

Royal Bank of Canada

There are two types of student accounts:

RBC student account:

1, free of monthly fee, 25 free transactions per month (such as direct payment for shopping, cheque, online or ATM withdrawal, etc.). ), more than 25 times, the handling fee is 65438 USD +0 times.

2. Unlimited free electronic transfer.

RBC student unlimited bank account:

1, monthly fee 10.95 USD When you open a credit card and investment account, the monthly fee is not zero, and you can make unlimited transactions every month, such as direct payment for shopping, check, online or ATM withdrawal, etc.

2. Unlimited free electronic transfer.

Credit card-international students can apply for a credit card with a minimum amount of $ 1000 without a deposit.

Dominion Trust Bank of Canada:

There is only one kind of student account.

Features:

1, free of monthly fee, there are 25 free transactions every month, more than 25 times, and the handling fee is 65438 USD +0.25 once. Transaction refers to direct payment for shopping, cheque, online or ATM withdrawal, etc.

2. Unlimited free electronic transfer.

Credit card-International students need a mortgage when they apply for a credit card with no credit history.

Bank of Montreal:

Bank of Montreal does not have a special student account. Instead, it offers some discounts for existing BMO accounts.

BMO Plus program-student account:

1, free of monthly fee, free of charge for 30 transactions per month, more than 30 times, and handling fee of $ 1.25 once, such as direct payment for shopping, cheque, online or ATM withdrawal, etc.

2. Unlimited free electronic transfer.

BMO Performance Plan-Students:

1, the monthly rental fee is $4. When your account balance is maintained at $4,000, the monthly fee is exempt from zero.

2. Unlimited number of transactions per month,