Issues Online
Feb  Mar  Apr  May
Search Tips

Narrow your search results by using '&' or 'AND' between keywords

Use quotes to search for phrases such headlines eg. "this is the headline"

Also try a Google search of our site

Restreignez et centralisez votre recherche en utilisant “&” ou “ET” entre les mots”

Utilisez les guillemets pour rechercher des expressions et titres précis, par exemple. "c'est le titre"

Utilisez aussi l’outil de recherche Google pour notre site.

   

Know your rights when you open a bank account

(NC) To make informed decisions for your financial health, it's important that you know what you are entitled to as a consumer of financial services when you open a bank account.

Provided you have certain required identification documents, Canadian law gives you the right to open a basic bank account even if you are unemployed, you have declared bankruptcy in the past, or if you do not immediately deposit money into the account. According to a recent survey of consumers regarding their rights and responsibilities, only one third correctly answered a question intended to assess their knowledge of this right.

When you open an account at a federally regulated financial institution, the institution must provide you, either in writing or electronically, with certain information and documents concerning your account and how it will operate. The list of information and documents is available on the Financial Consumer Agency of Canada website at itpaystoknow.gc.ca.

www.newscanada.com

Word count: 151


Terms of Use

Articles are provided free of charge. Articles appearing on web sites, must credit www.newscanada.com. Articles appearing in Print, must credit News Canada with (NC) at beginning of an article or – News Canada at the end. Any source/sponsor of the information quoted in the text must also be identified as presented. Images are only to be used with corresponding editorial copy. Usage of News Canada articles constitutes your acceptance of these terms and an agreement between you and News Canada.


Image Instructions - Note: Illegal to use without News Canada editorial.

To open/download image(s) used in this article, please click the following links:

Click here for image file: «80176H.jpg»
Subscribe