How to apply for a local bank card when studying in Canada?

Students who are going to study in Canada must apply for a local bank card when they arrive, so that it will be more convenient to enjoy the residents' service. Let's take a look at how to apply for a local bank card when studying in Canada.

Bank card processing

1. Select a bank.

There are many banks in Canada, so the best way to narrow it down is to see what different banks offer to students. Most bank accounts in Canada will exempt students from monthly fees and offer discounts, such as points system or savings account.

It is important to remember that in Canada, every time you use a non-bank ATM, you will be charged a transaction fee, so a good way to choose a bank is to see which ATMs are available on your university campus or in your town.

The next thing to consider is what services your bank provides for you. As mentioned above, banks usually provide at least one quotation or reward as a sign with them. Consider which one is most attractive or useful to you. Some banks will offer specific discounts according to the degree courses you will study, so if you meet any of these conditions, it is worth checking.

Think about whether you want a credit card or a savings account. If you are considering these two options, it is a good way to narrow down your options by considering what services banks can provide you in these areas.

2. Select an account

There are two different types of bank accounts in Canada: checking accounts and savings accounts.

(1) current account: you can deposit and withdraw money at any time. Usually when you open a checking account, you will receive a checkbook and a debit card. Most international students only need to open a checking account to pay their living expenses while studying in Canada. If you are interested, you can also apply for a credit card through your checking account.

⑵ Savings account: This is a place for long-term savings. Some students may consider opening such schools if they are working or want to save money for travel or emergencies.

3. Understand the specific services of the bank

There are many banks in Canada, so it is necessary to study the best bank account for you. In addition to whether each bank charges, you also need to know whether banks offer discounts, whether there are discounts, and whether there are branches and ATMs in all parts of China.

There are smaller or regional banks, such as Bank of Western Canada and Laurenson Bank, so it is always worthwhile to study which banks are closest to your university and what they can offer you. Some online banks also offer great student bank accounts, such as Tangerine and Simplii Financial.

4. How to open a bank account

Although you can open a bank account by phone or online, if you are an international student, it may be easier to open an account in person to prevent any complications. When you open an account in a bank, you need the following two kinds of identification documents:

(1) passport

(2) Admission notice

(3) study permit

(4) Temporary residence permit (IMM form 1442, 1208, 1 102).

5] Canadian or American driver's license

(6) Canadian government identity card

A traveler's check

These requirements may be slightly different between different banks, so be sure to find out the requirements of Chu Bank before going.

loan application

1. The conditions for applying for a loan are:

1) has lived in this province for 12 months and belongs to the residents of this province;

2) Low economic income.

Foreigners studying in Canada should have sufficient economic strength if they can't get scholarships, grants or allowances. People often hear the story of work-study program, but the story is a story after all. In Canada, it is impossible for international students to pay enough tuition and living expenses just by working.

2. The conditions for applying for a student loan are:

1) has lived in the local area 12 months;

2) Low economic income.

part-work and part-study (as a way to receive one's schooling)

Foreigners studying in Canada should have sufficient economic strength if they can't get scholarships, grants or allowances. Canadian immigration law stipulates that students who stay in Canada with student visas must study full-time to maintain their student visas, and are not allowed to work outside the school. Once found out, they will be sent back to China. However, a work permit may be issued under the following circumstances:

1) graduate students are teachers or laboratory assistants, that is, teaching assistants and research assistants;

2) Work in other aspects of the school, such as cafes and restaurants;

3) The courses selected by students need a period of practice.