Free Assessment


July 5, 2022

How to Bank in Canada as an International Student

CIC News > Latest News > > > How to Bank in Canada as an International Student Are you moving to Canada to study? Join CanadaVisa and Scotiabank on Wednesday August 3 for a free webinar on Canadian banking basics!

CanadaVisa and Scotiabank are excited to host a free webinar on Wednesday August 3: How to Bank in Canada as an International Student!

What will I learn?

Are you moving to Canada this fall to start your adventure as an international student?

Congratulations on your big move!

You must be super excited but nervous at the same time! One of the first things you will want to do upon landing is to set up a bank account to support your living expenses in Canada. But you are probably overwhelmed by how different banking is in Canada compared to your home country. Don’t worry! This webinar will teach you about banking basics, and introduce you to other great resources to help you settle in Canada as an international student!

Webinar overview

In this webinar, we will cover the following topics:

Understanding debit cards and credit cards
Different ways of banking
Understanding credit
Money management tips
Understanding chequing accounts and savings accounts
Understanding cheques and how to write one
Tips to prevent fraud

About CanadaVisa was founded in 1994 as the online platform of the Cohen Immigration Law Firm. Since then, CanadaVisa has grown to be one of the world’s most trusted sources on how to move to Canada, and settle here. CanadaVisa’s web properties include and its weekly newsletter, the CanadaVisa Forum, and more. All the resources provided by CanadaVisa are meant to help people around the world access trusted, factual, and timely information to support their Canadian immigration journey.

About Scotiabank

Scotiabank is one of the top Canadian banks and a leading bank in the Americas. Guided by our purpose “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services.

Launched in 2008, the Scotiabank StartRight Program is designed to simplify banking for Canadian Permanent residents, International Students and Foreign Workers who have recently landed in Canada. We can help ease your transition to Canada by getting you started with a Scotiabank International Account that allows you to transfer up to $50,000 before you arrive to help you feel more prepared knowing you have proof of funds ready. We can even help fast track your study permit with the Scotiabank Student GIC Program.

Our Scotiabank StartRight program can also help you start banking in Canada with 12 months of free banking, access to credit with no credit history, unlimited no-fee international money transfers, and expert help from Financial Advisors.

We also launched ScotiaRISE – our new, 10-year, $500 million community investment program designed to help promote economic resilience among disadvantaged people and communities. In particular, the program is centred on using funding and partnerships to increase graduation rates and postsecondary enrolment, help newcomers feel at home faster and secure meaningful employment and senior opportunities for underrepresented groups. It’s all part of why Scotiabank is the bank for newcomers.

Legal Disclaimer: This webinar is provided for information purposes only. It is not to be relied upon as financial, tax or investment advice or guarantees about the future, nor should it be considered a recommendation to buy or sell. Information contained in this webinar, including information relating to interest rates, market conditions, tax rules, and other investment factors are subject to change without notice and The Bank of Nova Scotia is not responsible to update this information. All third party sources are believed to be accurate and reliable as of the date of presentation and The Bank of Nova Scotia does not guarantee its accuracy or reliability. Webinar participants should consult their own professional advisor for specific financial, investment and/or tax advice tailored to their needs to ensure that individual circumstances are considered properly and action is taken based on the latest available information.