I am landing shortly by last week or May. I am wondering if some one can help me to choose bank to deal with. By going through different posts and feedback from different members, I came on conclusion that ScotiaBank and TD Trust are two good banks in term of new immigrant friendly, customer service, wide atms/ branches and working hours etc.
My needs as general,
Least expensive transactions, if possible .. Free
Good exchange rate, customer services
Easy to deal with financial products such as money transfers, cards etc.
*As a new immigrant, what type of bank account we should open initially, Checking or saving? or both?
* I have funds in US dollars and exchange rates are on its worst, $15200 USD are going to give me $14450, Should me open a USD account or CAD ?
Thanks for your feedback.
1. Both r comparable & have similar products. Be free to choose any depending on your personal preference/s.
2. U'd definitely require a Chequing a/c... another Savings one u may - provided u have addnl funds to lock-in.Qorax