Know Before You Go

How a bank can help you start a new life

[fa icon="calendar"] 12/6/18 3:57 PM / by Prepare for Canada



As you start your new life, managing your finances will be at the top of your to-do list. Our banking partner, Scotiabank, can help you with the right solutions and advice.

Scotiabank is Canada’s international bank and has been helping newcomers get their best possible start for the past 185 years. Their StartRight Program1 was created keeping in mind your journey to a new country and it has helped hundreds of thousands of newcomers achieve their financial goals.

Here’s what the program offers in a nutshell:


Scotia 1-1Transfer of funds before you move to Canada through the International Account Opening Program. It is the only bank among the top 5 Canadian banks to offer this option and we recommend you consider it as it will help you with the proof of funds document when you land in Canada


Scotia 2-1

No monthly fee bank account2 for the first year, a variety of credit cards, a mortgage and a car loan - all with no income or credit history required.



Scotia 3Customized solutions and helpful advice through financial advisors, who were once newcomers themselves. You can also visit the Banking in Canada and Life in Canada sections on the StartRight website for content on financial literacy and more newcomer resources.


Learn More


 Watch the videos below to hear what Scotiabank StartRight customers have to say.

Topics: KBYG Banking

1: Scotiabank StartRight Program, created for Canadian Permanent residents from 0–3 years in Canada, International Students and Foreign Workers
2: The monthly Account fee (currently $13.95) will initially be charged to your Account and will be fully credited back to your Account as a rebate within the first 10 business days of the month following the month in which this fee was charged to your Account. Thereafter and for the remainder of your first year, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing until/during the time of the rebates/waivers. All applicable service charges on the Account will continue to be applied monthly. It is your responsibility to ensure the Account has sufficient funds to cover any fees, including the monthly fee during the Rebate Period. After the 12 month promotional period, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions