How do you open a bank account in Canada?

Before you arrive

Before moving to Canada, you can apply for a Scotiabank International Account and transfer up to $50,000 CAD. You can then use your account balance as proof of funds to help speed up the permit process. Learn more about the Scotiabank International Account.

If you’re a student, you can open a student GIC online to use as a proof of funds for your Study Permit Application to Canada. Learn more about student GICs.

After you arrive in Canada

Visit a branch, book an appointment with an advisor, or apply online. We’ll help you open a chequing account for your daily spending needs. You’ll need to have your valid foreign passport or a Canadian government-issued document with you to apply. Learn more about banking in Canada.

Last updated February 26, 2026