Canada Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Canadian Banks

  Opening a bank account

  Banking in Canada is straightforward. Banks offer similar quality services such as online banking and automatic banking machines (ABMs - ATMs in the USA) to make life easier for customers. Shop around for the best deal or ask people to recommend a bank to you.

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  Accounts

  Chequing accounts and savings accounts

  While a current account serves for your daily transactions, a savings account offers you higher interests on your money.

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  Banking Services

  Credit cards, cash machines and opening hours

  Most payments can be made by debit/credit cards, although cheques remain popular, especially for payments by mail.

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