Which banks??
Banks play an extremely important role in our daily lives, saving and spending being tracked 24/7. Not all banks are suited for you thou, depending on the purpose of your banking.
Some choose to open an account because the branch is closest from their home, while others may choose depending on the number of ATM's. Let's see which bank may suit you the best!
- RBC (Royal Bank of Canada)
I honestly cannot start this post without introducing RBC. It is highly known and used bank in Canada. It states somewhere the bank is Canadian! The HQ is located in Ontario while the bank was found over 150 years ago.
RBC is located in over 10 different countries making your transaction possibly easier. It also has a special plan for students so make sure you look for the right account.
Main features: One of the biggest bank in Canada.
Great value and deal for businesses
2. BMO (Bank of Montreal)BMO was the first bank to be established in Canada and has been a great support for the country ever since. It has an award-winning mobile app making all transaction easy and fast 24/7. The extra feature of PayPass is extremely useful to make payments at convenience stores.
Main features: Great start up card for student
Mobile app with PayPass
Student cash back, no-annual-fee, credit limit
3. CIBC (Canadian Imperial Bank of Commerce)
CIBC has a numerous number of branches in Canada emphasizing one of the best relation with the US. They have a separate account for people who may travel a lot between US and Canada.
The number of branches makes the banking attractive allowing you to cash out in many numbers of cities.
Innovation provides the right service on the internet and phone allowing easier banking.
Main Features: Easy to find in Vancouver and Toronto
Drive-through ATM
Easy access to US dollars
There are a number of other banks to mention like TD Trust and Scotia Bank which may have one of the most positive brand images (Source from Canadian students). They have some very specific target towards students and you should check them out!
Remember most features are similar and here are some things you should look for:
-Easy banking app service
-Number of branches around where you live
-Open specific account accordingly your needs
-No minimum balance
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