When we first started our relocation services, opening a bank account in advance of your arrival was a standard part of the package. As the years went by, and banks became warier of money laundering and the terrorist threat, this service became impossible.
Now at last there is a way. Our partners at Moneycorp have negotiated a service in conjunction with Royal Bank of Canada (RBC). If you are a client of Moneycorp then contact your account exec and ask them about this service. If not then it is simple to sign up with Moneycorp – it costs nothing and there’s no obligation to trade.
In our experience there are many other advantages to using a professional service, like Moneycorp, to handle your foreign exchange.
In case you don’t know RBC:
- They’re Canada’s largest bank (by market capitalization and assets), and have been helping newcomers get settled for over seven generations
- They have the largest branch and ATM (Automated Teller Machine) network in Canada
- They provide service by phone in up to 180 languages
- Rated as one of the top 10 “World’s Safest Banks”, by Global Finance magazine in August 2010.