Transfering money into Canada

You can bring money into canada through various ways and deposit in your bank.

It is advised that you do not bring more than $10 k in cash/cashier check when you first land. The most easiest way to transfer funds is to wire the money into your Canadian bank account. You can also bring a cashier check or write a personal check, but often the bank where you are depositing the money may put a hold on the check for 30 days are more. It is such an inconvenience when you move to a new country and want to rent an apartment, you end up not being able to access your funds.

If you have moved to Canada from the US, you would see a different way of banking here. Banks establish relationship with their clientele and you can get a lot of things done from your banker if they trust you.

The most common way to take money out from your account is using an ABM/ATM. You can also walk into a bank during their working hours and withdraw cash from your account.

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