As a newcomer in Canada, you may find the banking and financial ecosystem in Canada to be different from your home country. With the availability of information from varied sources, trying to navigate the system might leave you feeling overwhelmed.
Arrive is supported by The Royal Bank of Canada (RBC), the largest bank in Canada* and one of the most reputed banks in the world, employing 80,000 people worldwide, which places us in a unique position to be able to help and support newcomers, like yourself, with credible and authentic resources that can help you get started with setting up a strong financial foundation in Canada.
Arrive’s banking and budgeting guide is designed to provide you with a comprehensive understanding of the banking system in Canada. It details out the process and documents required to open a bank account, along with some useful tips and advice to plan for your initial months in Canada. The guides are informative and offer practical insights from real newcomer stories diving into some of the common expenses such as rent, transportation, and insurance.
Our monthly expenses calculator is an excellent tool to get you started with budgeting!
Arrive is powered by RBC Ventures Inc, a subsidiary of Royal Bank of Canada. In collaboration with RBC, Arrive is dedicated to helping newcomers achieve their life, career, and financial goals in Canada.
An important part of establishing your financial life in Canada is finding the right partner to invest in your financial success. RBC is the largest bank in Canada* and here to be your partner in all of your financial needs.
RBC supports Arrive, and with a 150-year commitment to newcomer success in Canada, RBC goes the extra mile in support and funding to ensure that the Arrive newcomer platform is FREE to all. Working with RBC, Arrive can help you get your financial life in Canada started – right now.
Learn about your banking options in Canada and be prepared.
* Based on market capitalization
This article offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or its affiliates.