Is Scotiabank a good bank for International Students? (My experience with it)
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- Опубликовано: 28 июл 2024
- Where to open your first bank account as International Student an newcomer to Canada? Is Scotiabank a good bank to have an account with? In this video I will share my thoughts and opinion on this, having had a Scotiabank account for some time. #scotiabank #internationalstudentaccount #livingincanada
I will talk about the plus and minuses, costs, and in general whether I like using Scotiabank. I hope this video will be useful in your process of deciding which bank account to open. Always make sure that you do your own research before you open any bank account or purchase any financial product! Leave me your comments and questions, would love to hear from you!
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Also, if you apply for the Student Banking Advantage Plan, and then you graduated, you can get a free year with a regular chequing account.
Good to know!
What’s the monthly interest rate for student account at scotia Bank
I had to use Scotiabank when I was a intern for them years ago, they forgot to remove the “staff” discount and got free banking for 10 years lol 😂😛 then they figured their mistake and started charging me. Switched to Tangerine 🍊 never had any issues or had to call them and they offer referrals where u get free money if u refer someone.
Btw their UI interface is much better compared to Scotiabank.. even though they are the same bank 🤔😂
That’s so great! Lol. I also use tangerine and like them, might make a video on that too!
thanks for sharing. so much content that I need to decide on is all here.
Great to hear, thanks!
Thats what i was looking for
Glad if this was useful!
What is new I need to book my appointment i cant arrive any time at bank?
🎉🎉🎉
Are you coming in Singapore?
Great video! Curious to know if you have recommended Bank for a new Work Permit holder (partner is a student permit holder) :)
Nothing in particular, I'd just look our for newcomer packages which most banks have!
I´m from Mexico and I heard that HSBC as a bank is a good option since it´s a global bank, and some credit cards can be considered into your credit history in Canada. Not sure how true this is??
I do remember HSBC having a cross-border credit history feature. But I believe it is very limited. It's simply too complicated to transfer credit histories because of different regulations. But based on my experience, it's quite easy to quickly build a very good credit score. I also made a video on how to.
Hi Good day, I find your vlog very informative and direct to the point but I would just like to ask the following for my further knowledge:
1. How much is the required amount to be deposited for a student and work permit holder? (My wife is an international student and I am an open work permit holder)
2. Do they offer a joint account and if yes, how much is the initial deposit required?
3. For the address (one of the info they needed) does it mean that we should ensure a leased space first before we open since we are planning to stay in an airbnb initially before we look for a suitable space for us along with our dogs?
Thanks and God bless!
Hi there!
1. I would check out the current requirements on canada.ca (just type in student proof of funds, and work permit holder proof of funds). It might have changed so I don't want to give you the wrong numbers.
2. Yes they have join accounts, but I don't have one. I don't remember the initial deposit, but I think I only put in several hundred dollars in the beginning.
3. You can give them a temporary address first and later on change it. Just let them know
Good luck!
Hi there, love your videos what do you mean it took them forever. 4:27. How long did it take?
Thank you! I can't say for sure, but it took around an hour end-to-end. I found this long compared to my experiences in Indonesia where opening a simple account would take 15 minutes. But it could just be because it was a new staff.
@@LivinginCanada thanks for your reply. This maybe weird but I actually thought you meant days/months haha.
Hi, if I go back to my country Can I pull out money from chequing and savings from the ATM?
Yes you can, but only at selected ATMs. According to Scotiabank's websites: "Scotiabank is a member of the Global ATM Alliance so you pay no surcharge or access fees when you withdraw cash at select bank ATMs around the world."
Cant see the link of the other credit card you mentioned not related to the bank.
Thanks for mentioning that, for now I put the link here and in the descriptions! ruclips.net/video/PJnAIISsEQk/видео.html
Yes New Bank account students
Hi, I was wondering because currently I am in the process of transferring university and I would like to ask for your opinion. I am trying to get a bank account in Canada but unfortunately I cannot do it online until I receive my study permit, therefore I would have to go to Canada first before I have the option for applying for a Canadian bank. Do you think I should carry physical money to Canada once I get there or should I just wait until I get a canadian bank account and transfer the amount of money I have from my old one to the Canadian one.
I would definitely bring cash. There is a limit though so make sure you check that. When we moved to Canada, we brought a few thousand in cash, and also had 1-2 credit cards each. That was sufficient for the first 2 weeks until we set up our bank account. Then, when your bank account here is set up, you can transfer more money over. Hope this helps!
@@LivinginCanada Thank you for your response, I also have another question. My current destination is Victoria and I was wondering do most airports have some sort of bank branch there? From what I've heard about the major banks, I believe that Scotiabank is one of the best choices for me.
I'm not aware of any full bank branches at airports, you would need to google that. I'd say, it's not too late to settle down for a few days and then open the account. That's what I did!
@Living in Canada hello I am sorry for not getting back to you! Thank you for your help and I appreciate it!
Which credit card does the scotiabank student plan have?
@@nicolascancelado8877 One is one isn't. Don't get it though, go with Tangerine. Significantly higher earning potential.
Hi, I am a student living in canada. I have a bookmyforex card. It has mobey in it and I am not able to withdraw it from scotia bank machines. Do you have any information about it that can help me?
I'd check with scotiabank directly. I would also just open a local bank account and their card which makes transactions much easier.
is it possible that canada based people can transfer fund to scotiabank for a GIC student account as sponsorship?
Sorry, I'm not sure what a GIC student is.
I'm in Canada as a tourist, can i still get an account with them?
As far as I know, local bank accounts require residency in Canada. What would you need an account for?
TD bank open accounts for visitors
Work permit holders any ac?
If you're asking if WP holders can open an account, the answer is yes (check out the Newcomer account!)
@@LivinginCanada thanks 👍
SCOTIABANK is not a good bank.
I told my children.
Students.
I PRAY YOU DON'T BANK WITH SCOTIABANK.
I PRAY.
GOD BLESS US EVERYONE EVERYWHERE ❤🇨🇦👊🕊🌍
Interesting to hear, could you share what your experience was? Thanks!