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bank account soft landing

shazfa

Star Member
Jan 16, 2017
91
3
Category........
FSW
Visa Office......
LVO
NOC Code......
2145
App. Filed.......
26-09-2014
Doc's Request.
10-01-2015
AOR Received.
31-12-2014
IELTS Request
Upfront
File Transfer...
05-01-2015
Med's Request
10-03-2017
Med's Done....
11-03-2017
Passport Req..
03-07-2017
VISA ISSUED...
18-07-2017
Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
 

rockytg

Hero Member
Apr 22, 2016
395
78
Category........
Visa Office......
New Delhi
NOC Code......
2283
Job Offer........
Pre-Assessed..
App. Filed.......
04-Jan-2016
Doc's Request.
22-Apr-2016, Additional Doc Request 13-July-2016
Nomination.....
29-July-2016
AOR Received.
31-Aug-2016
Med's Done....
22 August, further tests 18 Sep, 11 Oct Meds passed
Passport Req..
06-Mar-2017
VISA ISSUED...
Mar 2017
LANDED..........
Jun 2017
Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
Opened one in RBC recently
1) no minimum account
2) no transactions on my account last 2 months and is active.
 

next2015

Hero Member
Nov 18, 2014
401
68
While at it, be sure to understand the rate structure on the account. You dont want to lose money in charges over an account that's not in use, unless you'll be settling within a few months.
 

NetMecca

Hero Member
Dec 12, 2013
541
121
Halifax, Nova Scotia
Category........
Job Offer........
Pre-Assessed..
LANDED..........
14-07-2009
Most backs offer no minimum accounts, fees are a pain though. No real free banking here generally and when it is free sortoff (it comes will all kinds of sucky conditions)
 

sapguru

Hero Member
Jul 16, 2010
327
24
Toronto
LANDED..........
16-08-2009
Experts,

During a soft landing of 1 week, i would like to open a bank account. i would like to know:

1. how much minimum amount do i need to open a bank account ?
2. And how much amount do i need to maintain in the account so that my account does not get deactivated while i am outside Canada ?

Any general bank figures would be helpful to me.

Thanks.
Currently CIBC offers 1 year free banking along with a credit card. I would highly recommend you to get a product which also offer credit card which will help you to build credit history in Canada which is far more important than banking needs. I can help you to introduce a team that expertise on financial settlement in Canada.
 

leoboy15

Full Member
Feb 23, 2017
25
14
40
Toronto
Category........
FSW
Currently CIBC offers 1 year free banking along with a credit card. I would highly recommend you to get a product which also offer credit card which will help you to build credit history in Canada which is far more important than banking needs. I can help you to introduce a team that expertise on financial settlement in Canada.
Hey Sapguru, can you share the team details ??