Open a bank account after filing bankruptcy in Canada


All About Bankruptcy in Canada

Should I Declare Bankruptcy?

Bankruptcy Alternatives and Solutions in Canada

How to File Bankruptcy or Make a Proposal to Your Creditors in Canada

Debts Not Discharged from Bankruptcy

Definition of Bankruptcy

Definition of a Proposal

Help - Questions and Answers on Bankruptcy in Canada

Help - Questions and Answers on Proposals to Creditors in Canada

Some Assets Exempt in Bankruptcy

How is My Spouse/Husband/Wife/Partner Affected by my Bankruptcy?

Student Loans and Bankruptcy in Canada

Credit Ratings

Rebuilding Credit After Bankruptcy

Opening a Bank Account After Bankruptcy

Secured Creditors

CRA Income Tax Debt and Bankruptcy

Farmers in Financial Difficulty

Who else can help with Bankruptcy in Canada?

Bankruptcy Canada Statistics

Alternatives to Bankruptcy in Canada

Credit Repair

Consumer Proposals

Debt Management

Dealing with CRA and Bankruptcy

Opening a Bank Account in Canada

Protecting Consumers: The New Federal Banking Regulations

Whether you need to cash your paycheque or pay a bill, having a basic personal bank account is essential. To ensure that all Canadians can obtain these accounts, the Government of Canada has introduced the Access to Basic Banking Services Regulations, which took effect on September 30, 2003.

The Financial Consumer Agency of Canada (FCAC) is responsible for enforcing these regulations, which will make the rules for obtaining a basic personal bank account clearer for Canadians. For example, a bank can not refuse to open a basic personal account for you just because:

  • you don't have a job;

  • you are or have been bankrupt; or

  • you're not depositing money into the account.

A bank must also cash most Government of Canada cheques for non-customers at no charge.

Understanding and Using Your New Banking Rights

Opening a Bank Account

The new regulations apply to personal bank accounts that you request in person at a bank branch or point of service. They don't apply to accounts you open by telephone or Internet, or to business or commercial accounts.

When must a bank open a personal bank account?

What do I need when opening a personal bank account?

When can a bank refuse to open a personal bank account?

What can I do if the bank refuses to open a personal bank account?

What if the bank wants to check your credit file?

Acceptable identification when opening a personal bank account


For more information on this topic, please refer to the Financial Consumer Agency of Canada

 

 

This site provides free information about personal bankruptcy in Canada and personal bankruptcy alternatives in Canada.


Advertise on This Site     Privacy Policy     Legal Disclaimer    Site Map   Home