Banking Information

You will need to enter your bank account information in Beartracks in order to receive your pay as payment is issued by direct deposit. If you need to open up a bank account there are many different types of financial institutions in Edmonton, including banks, credit unions and trust companies. Many are located close to the University and ATM machines (TD Canada Trust, Royal Bank, etc) are located in the Student Union Building (SUB) and around campus.

Each offers several types of accounts and services. Interest rates and service charges vary. When choosing a financial institution, consider these charges, the services you require and the bank’s location.

Banks

• ATB Financial www.atb.com
• Bank of Montreal (BMO) www.bmo.com
• Canadian Imperial Bank of Commerce (CIBC) www.cibc.com
• Hong Kong and Shanghai Banking Corporation (HSBC) www.hsbc.ca
• Royal Bank of Canada (RBC) www.rbc.com
• Scotia Bank www.scotiabank.com
• TD Canada Trust www.tdcanadatrust.com

Setting up your Account & Banking in Canada

Appointment

Although it is not required, making an appointment before you visit a branch will ensure that someone will be available to help you and you will not spend time waiting for assistance. If you would like service in a language other than English, an appointment is necessary.

A ONEcard or Confirmation of enrollment in a post-secondary institution may be required to open your account.

Proof of Residence

If your ID does not include your current residential address, the bank may require a proof of residence (a lease or bill with your name and address on it). Be sure to update your address on Bear Tracks to your current Edmonton mailing address first.