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"Canadian Postal" & "Multi-Currency" Accounts

The two types of Canadian Bank Accounts that are offered by most financial institutions for Non-Residents are: 

Canadian Postal & Multi-Currency

With hundreds of Canadian financial institutions to open up & administer your Canadian bank account, knowing what the procedures are in the initial account opening phase is crucial.

With the Canadian financial institutions listed within our eBook, you will be able to compare each and every one side-by-side and determine for yourself which bank is right for you.  Knowing the Canadian bank that will open your account is very important.

There are thousands of new Canadian bank account openers every day who turn to online consultancies and pay upwards to $500 to open a Canadian bank account.  Yet, the new applicant never knows which financial institution they will be doing business with when paying the online consultancies that "GUARANTEE Canadian BANK ACCOUNTS".

It's like entrusting your entire life savings with a stranger...

We have taken the mystery out of opening Canadian bank accounts, by compiling as much as information about Canadian banks, their services & fees, and presenting it to future Canadian bank account holders in an easy-to-navigate format, our eBook.

Time Frame To Open A Canadian Bank Account

Depending on the Canadian financial institution you choose to open a Canadian bank account with, the time it takes to actually open up & activate your account ranges anywhere from 24 hours - 1 week.

There are numerous Canadian financial institutions which guarantee a 24 hour turnaround time, and there are others that will open up your account within 7-14 business days if it is a non-resident "foreign" commercial account.

So, depending on how urgent you're looking to open & fund your account, you will be able to choose which Canadian bank is most suitable for you at the time.

CANADIAN ACCOUNTS IN 24 HOURS

With the backdoor agreements we have set up with the banks, you will be able to open your account in 24 hours, through any one of the financial institutions in our guidebook.  Your account will then become active once you make the initial deposit "usually C$100-150 CAD" & your ID is verified.

Online Account Application Forms & Requests

Listed within our eBook, you will find dozens of Canadian financial institutions that you can contact & open an account with.

Each Canadian Financial Institution has their own procedures & methods for opening a Canadian bank account.

They range from telephone, fax, email, web site & postal mail correspondence.

Most Non-Resident Canadian Bank Accounts are opened through Postal Mail.  The way it works, is the new account opener goes to their web site or calls them for a short pre-application form, fills it out, and then the Canadian Bank mails the official Account Application Package to their mailing address.

The recipient "you" fill out the form, and then mail or fax it back to them.  The account is then opened in 24 hours upon receipt of your documents through our contacts.

Canadian Bank Account Opening Standard Requirements

Non-Residents of Canada

There is really only one main requirement when opening a Canadian bank account for NON-RESIDENTS of Canada:

You need to get an authenticated photocopy of your passport or national ID Card with an apostille stamp. This seal is used to certify that an official document is a true copy. In most countries you can get it from a notary public.

The Canadian Bank you select to open a Canadian bank account with will provide you with full instructions for the complete account opening procedure.

The whole Canadian Bank Account Opening process will take a maximum of 1-2 weeks.

NO MINIMUM DEPOSIT FOR SELECT BANKS

In addition, there are BANKS THAT REQUIRE absolutely NO MINIMUM DEPOSIT  for non-residents.  We have updated the list recently with them.  Please note, that most banks do require a deposit in Canada.

There are many misconceptions that Canadian Banks require a substantial minimum deposit.  This is just not true...  Thousands of Canadian Bank Accounts are opened & activated everyday with NO MINIMUM DEPOSIT.

Residents or Citizens of Canada

If you are a citizen or resident of Canada, and you are looking to open a Canadian bank account, then you can simply give the Financial Institution call or visit their office and request an application through our banking contacts.