Open a Scotia Bank Account from India- Check this Out!

[canpuneet]

I am doing some research before travelling to Canada and I found these links useful:

http://www.nriol.com/welcome2canada/things-to-take.asp
http://www.muchmormagazine.com/2010/01/youve-just-landed-in-canada-now-what/

Through an HDFC Bank branch in India or a Scotiabank branch in India, new immigrants and foreign students can now complete a Scotiabank Referral Form to open a bank account, send money and apply for a VISA credit card, (if applicable) before they move to Canada.

http://scotiabank.com/mcben/cda/content/0,1679,CCDmcben_CID3310_LIDen_SID124_YID29,00.html

All The Best!

 

[canpuneet]

Hi All,
I opened an account each for me & my wife at Scotiabank Barakhamba road, New Delhi. Very friendly service, took less than 20 min and everything was done by the bank representative.
We opened two accounts because we get 2 different credit cards with $1000 limit each.
Welcome pack will reach my place within 2 weeks and I just need to deposit a cheque/wire transfer before I fly in Aug.

 

[Sha_sha]

Hi canpuneet, have you landed in canada already? I am planning to open a Scotia bank account before do the landing.

The statement or the document from Scotia bank is a valid document to show as a proof of funds in the POE? I checked with the bank but they can't comment on this as their knowledge is very limited on this.

Please let me know on priority.

Regards

 

[ZACH]

Hi All,
I opened an account each for me & my wife at Scotiabank Barakhamba road, New Delhi. Very friendly service, took less than 20 min and everything was done by the bank representative.
We opened two accounts because we get 2 different credit cards with $1000 limit each.
Welcome pack will reach my place within 2 weeks and I just need to deposit a cheque/wire transfer before I fly in Aug.

Hi Canpuneet,

Can I understand that, we don't need to deposit any money at the time of account opening?

 

[SISH7255]

Hi Canpuneet,

Very nice and valuable information. We will have our credit card before landing in canada. Wonderful!

 

[canpuneet]

You do not need to deposit any cash to open the account.
My account was opened and I have received my welcome kit with account no. All that I need to do is, wire transfer 1 payment (only 1 allowed from home country) before I travel. The statement from a Canadian bank acts as a valid POF.

Just to clarify that it is not a must that I wire transfer any money before I travel. If I want I can still carry my money as cash, DD etc.

Cheers.

 

[explorer101]

Hi All,
I opened an account each for me & my wife at Scotiabank Barakhamba road, New Delhi. Very friendly service, took less than 20 min and everything was done by the bank representative.
We opened two accounts because we get 2 different credit cards with $1000 limit each.
Welcome pack will reach my place within 2 weeks and I just need to deposit a cheque/wire transfer before I fly in Aug.

This bank has very less branches, only advantage of this bank is there that its loan rate is lower than others. TD Bank is virtually everywhere.

 

[canpuneet]

The advantage though is that you have an account and a credit card before you travel- saves you time.
You do not have to "physically" carry cash & DDs.
No account maintenance and banking charges for 1 year.

Choice is personal ofcourse.

 

[matlal]

Hi Canpuneet,

Good info.

I came across, this Hello Canada from ICICI bank. : http://www.icicibank.ca/faqs/newcomers.htm#1
http://www.icicibank.com/aboutus/pdf/Canada%20_newcomers-23-8.pdf

But I like the Scotia Bank Option - atleast for the credit-card.

-Matlal

 

[saurinshah]

is this service available in mumbai

 

[canpuneet]

I guess it is in mumbai too. Please check Scotia bank website and this link...
http://scotiabank.com/mcben/cda/content/0,1679,CCDmcben_CID3310_LIDen_SID124_YID29,00.html

 

[Sha_sha]

that's awesome canpuneet, I was looking for this response (can be shown as POF @ POE) for quite a long time. I'll rush to bank this weekend and have it opened. What are the charges/fees to open this account? Finally, have you shown this as POF?

Congratulations on you getting your job... I would love to hear from you more on your Job as I am also part of Transition management and definitely it would help me.

Regards,

 

[canpuneet]

Good luck buddy. There is zero charge for opening the account.
In fact we opened 2 accounts (1 for my wife), so we get two credit cards.

I have not landed yet, I am travelling only in late September.

 

[riasharma169]

is this service available in mumbai

hi u can also look at royal bank of canada if u r staying in mumbai. this bank is very good and its services surpasses the services that r offered by scotia bank. i m in delhi. my bad luck is that there is no branch of royal bank of canada here in delhi.

 

[yukon]

Hi All,
I opened an account each for me & my wife at Scotiabank Barakhamba road, New Delhi. Very friendly service, took less than 20 min and everything was done by the bank representative.
We opened two accounts because we get 2 different credit cards with $1000 limit each.
Welcome pack will reach my place within 2 weeks and I just need to deposit a cheque/wire transfer before I fly in Aug.

This is very useful, thanks for the info....