New to Canada? Advice from a financial advisor and new Canadian citizen
Tips for newcomers to help them get off on the right financial foot.
New to Canada
Canada is a country of immigrants. New people and cultures energize and enrich us and we want to help you become settled financially.
Taking care of your day-to-day requirements, such as getting the documents you need, upgrading your language skills, finding a job, or opening bank accounts, is essential. We’re here to help you to be financially ready for the future.
Tips for you
Learn firsthand advice from a new Canadian and Scotiabank advisor on how to start on the best financial path in your new country.
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with an optional subtitleAdvice from a financial advisor and new Canadian citizen.
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Start banking in Canada
With the Scotiabank StartRight® program for newcomers, you can bank without monthly account fees1 and apply for a credit card without a credit history.2
Open a Scotiabank International Account online before you arrive
With the Scotiabank Startright® Program1, you can apply for an International Account and transfer up to $50,000 CAD before moving to Canada.3
Get personalized support at the branch and in the language that’s most comfortable to you
Scotiabank is Canada’s international bank with close to 24 million customers and over 2,700 branches around the world. You can access over 900 Scotiabank branches and 3,600 ABMs across Canada, and we are happy to introduce you to an advisor who speaks your language.
Send money abroad as easily as you would send it within Canada
New to Canada customers can send money globally for free with the simple, secure, and low-fee Scotia International Money Transfer±. You can complete your transfer in a few easy steps using the Scotiabank mobile app or through online banking. The recipient receives the funds directly in their bank account within 1-3 business days.
1
Eligibility: To qualify for the 1-Year No Monthly Account Fee Offer (the “Offer”), open a new Preferred Package account under the StartRight® Program (the “Account”) [Employees of The Bank of Nova Scotia (“Scotiabank”) and individuals who are currently or were previously holders/ joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer.
How this Offer Works: During the first 12months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing at the time of the waiver. All applicable service charges on the Account will continue to be applied monthly. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions. This Offer is non-transferable and cannot be combined with any other offers. Maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled, or extended at any time without notice.
How this Offer Works: During the first 12months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing at the time of the waiver. All applicable service charges on the Account will continue to be applied monthly. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions. This Offer is non-transferable and cannot be combined with any other offers. Maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled, or extended at any time without notice.
2
Subject to credit approval. To be eligible, you must be a participant in the Scotiabank StartRight Program. To qualify for a credit card, you must be a resident of Canada and the age of majority in your province/territory where you live. Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (If available). The credit limit amount of up to $5,000 under the Scotiabank StartRight Program is subject to change by Scotiabank from time to time without prior notice. A credit history in Canada is not required in order to be eligible for a credit card under the Scotiabank StartRight Program.
3
Scotiabank cannot accept more than one wire payment per family and such payment cannot exceed CAD $50,000. You are responsible to ensure that your wire payment to Scotiabank in Canada, including the amount, is in compliance with the local laws of your country.