Buy CAD 20 Bills Online

Canadian banks are similar to banks in the United States and European countries. Most charge a monthly fee to customers for their bank accounts and services. A basic bank account costs approximately CAD 5 per month.

You don’t need to open a bank account in Canada while you are a student here. However, Canadian banks offer student accounts and services that may be attractive. For example, if you have a bank account here, you may pay lower fees for international money transfers than if you have no bank account. Here are some other benefits:

• A bank account can help you manage your money
• If you have a bank account, you can ask staff at the bank for financial advice
• If you’re working in Canada, you need to have a bank account
• If you rent housing off campus, you may need to write cheques using your bank account