You will likely use a bank account for all of your financial needs in your new home, including spending, saving, investing, and borrowing. All Canadians have the right to open bank accounts, and banks are required to provide them.
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Talk to different banks and ask about what they offer and what their fees are. If you are making a large deposit ($10,000 or more), you will need to tell the bank from where it came.
You may open an account at any local branch of a chartered bank. In New Brunswick, you will find branches for all of Canada’s major banks, including:
- Canadian Imperial Bank of Commerce (CIBC)
- Bank of Montreal (BMO)
- Royal Bank (RBC)
- Bank of Nova Scotia
- Toronto Dominion (TD)
- National Bank
Other banks and banking services include:
You will need to have proper identification in order to open a bank account. These are the acceptable forms of identification.