Can I open a Canadian bank account as an international student?

Yes. It's easy to open a Canadian bank account as an international student, and many banks have special packages and offers designed specifically for international students. Some banks will let you open an account before you even arrive in Canada, but you may need to visit a branch once you arrive to verify your identity. You may also need to show your study permit or Canadian visa to open an account.

What's the best bank for students in Canada?

Many Canadian banks offer student banking packages, but the best bank for you will depend on your banking needs. Consider the number and type of transactions you perform each month, check how user-friendly the bank's mobile and online banking portals are, and take into account the reach of its ATM network. Banks also regularly offer welcome bonuses and discounts for students to try and entice new customers, so be sure to compare the latest offers before choosing an account.

Can I open a student chequing account with an online-only bank?

Yes, you can. Online providers such as Simplii Financial, Tangerine and Motusbank all offer no-fee chequing accounts . While these accounts aren't necessarily targeted at students, they provide unlimited debits and bill payments as well as easy online account management. However, keep in mind that you won't have the convenience of branch access if you choose an online bank, while you'll also need to check the size of the bank's ATM network for fee-free withdrawals.

Is it a good idea to open a student bank account?

Yes. If you're a student and you qualify for this type of account, a student bank account is a good choice. It allows you to pay bills, send money to friends and family, shop online and in-store, and manage your money. Student accounts commonly come with no monthly fees, while generous welcome bonuses also help make opening an account worth your while.

Which banks offer student chequing accounts in Canada?

A wide range of banks, credit unions and online-only providers offer student chequing accounts in Canada. There are accounts available from the "Big Six" banks if you want the peace of mind of banking with a major financial institution, but it's also worth comparing other options to find the account that's right for you.