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Transferring Funds to a Canadian Bank Before Landing as a New PR

Canada • Permanent Resident • immigration 0 views
By VisaBuddies Communityvia community — compiled from public visa forums

Documents Needed

  • Pre-arrival bank account application

    Many Canadian banks, including Scotiabank, offer newcomer programs that let you apply for an account before you land.

  • COPR / landing documents

    Typically used to prove your upcoming landing status when opening a newcomer account remotely.

Step-by-Step

New PRs coming from Pakistan (or elsewhere) have two practical options for getting funds into a Canadian account:

  1. Open an account before landing. Apply directly with a bank like Scotiabank through their newcomer-to-Canada program prior to arrival, using your COPR/landing documents.

  2. Or simply open an account once you land. Group members described this as a quick, roughly 30-minute in-branch process, so pre-arranging isn't strictly necessary if you'd rather handle it in person.

  3. Once the account exists, transfer funds via wire transfer or an authorized money-transfer service. Check both your Pakistani bank's outward remittance rules and the Canadian bank's requirements for receiving international transfers.

  4. Compare transfer costs and exchange rates across your bank and money-transfer services before moving a large sum.

Dos, Don'ts & Tips

  • Tip: Newcomer banking programs often waive account fees for the first year — ask about this when opening your account.
  • Do: Compare wire transfer fees and exchange rates across options before transferring larger amounts.
  • Don't: Don't assume you must set up the account before arrival — opening it in person on landing is a fast, simple process too.

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