Most people are pretty much familiar with the existence of banks and the idea of doing some banking as part of one's lifestyle.

When you start working, for example, your employer may ask about your bank details so that they can pay you electronically.

​Putting your money directly in the bank makes sense since it is easier and safer.

​In fact, banking system in Canada holds a solid reputation for being able to offer robust financial service with clearly stringent policies in lending that has been recognized internationally - having achieved a remarkable ranking in the World Economic Forum for many years. 

​Thus, Canada is viewed as one of the highly admired countries in the world considering its banking system.

​So how does one access a bank account? 

You can open an account in Canada as long as you meet the basic requirements, such as presenting an acceptable form of identification, as required by the Bank Act.

​Banking in Canada offers convenience. You can visit a bank of your choice or somewhere close to your home or workplace.

Ask for the services the bank offers and compare it with other banks and see which bank matches your needs.

There are bank services tailored for specific situations, for example, for people who have recently immigrated. You can also compare various banking packages online.

​Find a bank that offers affordable or competitive fees; and decide according to your needs. ​

​​You have several options with banking.

Depending on your goal, it would help if you maintain a chequing account, apart from the savings account.

​This would help you manage your money well.

​You can use the chequing account for paying your bills; then you can keep some funds in your savings account. 

​Maintain the habit of saving.

​And for as long as you are committed with your financial goals, you can have your money grow over time.