All Questions
9
questions
-1
votes
1
answer
2k
views
How can I provide proof of ownership of a bank account?
I set up a gambling account ended up making a large amount of money. I have verified my ID and proof of address and I want to withdraw, but I need a proof of ownership of the bank account that funded ...
- 157
16
votes
6
answers
5k
views
While transitioning to a new (online) bank is it OK to have my money split between two banks?
I used to keep all my money with one bank. I recently opened an account with another bank and have slowly been transitioning towards them. I have multiple jobs and sources of income. Now when someone ...
- 497
4
votes
1
answer
312
views
What is the difference between a checking account and savings account?
I understand the exact difference will vary from bank to bank. But in general, I understand that savings accounts have a higher interest than checking. So if it's that simple why not always use the ...
- 1,119
1
vote
1
answer
82
views
Do I need to live in Canada to have a bank account in Canada?
I live in the US. I am considering opening a bank account in Canada.
Do I need to live in Canada to have a bank account in Canada?
If so, am I required to file tax in Canada?
- 1,117
32
votes
4
answers
7k
views
Why do most banks in Canada charge monthly fee?
I am not sure about other countries, but here in the UK we mostly don't need to pay a monthly fee. But I was a bit surprised to learn that most Canadian banks do charge monthly fees that some of them ...
- 439
0
votes
1
answer
132
views
How to choose a bank?
Once you move to a new country (Canada or USA), how to choose a bank to open an account? What are the important factor if you are also looking for the mortgage etc. after few years?
- 101
13
votes
4
answers
130k
views
What Canadian account number format do European banks need for wire transfer instructions?
I am trying to transfer funds from my account in Europe to my account in Canada. On the sending (European) bank's transfer instruction form there is a field I need to fill-in in the beneficiary's ...
- 461
11
votes
3
answers
10k
views
Why do banks require small businesses to open a business bank account instead of a cheaper personal one?
I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
- 319
3
votes
2
answers
37k
views
What's the difference between a Chequing account and a Savings account?
Because I know you can draw cheques from a savings account, so what gives?
- 8,683