Like everywhere else, you’ll need the local money to cover your expenses in your first few days in Saskatchewan, right from the airport. Taxi fare, hotel, phone calls, food, and other necessities will be purchased in the local currency. In most cases, a bank will give you a higher exchange rate on your currency than a foreign currency exchange facility at an airport. After the first few days in Saskatchewan, you’ll need to open and operate a bank or credit union account. This will enable you to keep your money safe, cash any checks you get, and facilitate money transfers between countries. You have several options when it comes to opening a bank or credit union account. Banks Banks are governed by the federal government (the government of Canada), and the majority of them operate across the country. In Saskatchewan, there are frequently several bank options in cities and more than one in bigger towns. Some banks in Canada will allow you to open an account with them even before you arrive in the country. To know which banks allow this, you can easily check online, by;
- searching for “newcomer opening a bank account in Canada” on the internet; and
- after you locate a bank that permits you to open a bank account from your home country, check if the bank has a branch in Saskatchewan where you will be residing. You can get in touch with the bank by phone or email, or use mysask411.com to make the location check.
- How close is the location to you? Is it possible to access your account from different branches?
- Does the bank or credit union provide all of the services you require (savings, investments, loans, bill payments, money transfers, and so forth)?
- How much do services like using an ATM, cashing a check, transferring money, and converting foreign currency cost?
- If you do not speak English, does the bank have someone who speaks?