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!
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.