In Canada, banks are engaged in providing various banking services. To open a Canadian bank account you need to present an identification and a Social Security card. New immigrants may use the Confirmation of Permanent Residence form.
As to date, almost all Canadians prefer to use ATMs. It’s quite convenient, as 24h ATMs are everywhere. With the banking card you can pay the bills and withdraw cash. Banking cards are issued by banks, where a bank account had been opened. Additionally, to carrie out numerous financial transactions, Canadian banks issue a Personal Identification Number.
Immigrants also have the opportunity to take a loan in Canada. As in other countries, you just borrow money from the bank for instant payment of any service, and then you pay it in monthly installments. However, in this case you should pay attention to a great range of different types of loan and bank interest rates.