Types of Bank Accounts
There are several different types of bank accounts but most folks start with a chequing account and/or a savings account. If you are a youth or a student, make sure to ask about low-cost accounts as they often have fewer fees.
How to Open a Bank Account
Use the Account Comparison Tool (opens in new window) to see what banks accounts cost at different banks.
It’s important to find out about the fees that banks will charge you per month to use your account. Some typical fees include how many times you can make transactions (take money out or put money in), costs for e-transfers, and printed statements.
Once you decide what bank you want to use, you can apply in person or online.
You will need to provide two pieces of ID (one picture ID and one other one like a birth certificate or SIN card).