A student chequing account is designed to help post-secondary students save money while they’re enrolled in college or university. If you’re a full-time student, you are eligible for a student account. Most financial institutions help students save money by waiving the monthly fee and offering perks like free movie tickets and retail discounts.
As a student, you probably realize how helpful these banking benefits are, so why wait? Take advantage of a student account and start worry-free banking today.
A student chequing account offers more discounts and benefits than a basic chequing account. Financial institutions realize how important it is for students to save every dollar, and they offer great benefits to help students stick to their student budget.
By signing up for a student’s account, you can take advantage of the following banking services:
Save while you learn!
Find out everything you need to know about features and benefits of having a student bank account.
When it comes to finding the best student account, see which financial institution offers you extra benefits that’ll help you save money. Student life comes with unexpected costs and this makes it important for you to compare all student accounts and see which one is the best.
Here’s what you should look for in a student bank account:
Opening a student account in Canada is easy. All you need is two pieces of ID and proof of enrollment in a full-time, post-secondary program.
If you’re an international student, you will also be required to show your Study Permit (IMM 1442) or a Temporary Resident Visa.
Most financial institutions require students to show their proof of enrollment every year to ensure that you have maintained your status as a full-time student. If you fail to do so, your account can be converted into a basic chequing account and you’ll lose those student perks.
Most financial institutions will transition your student account into a basic chequing account once you graduate or are no longer enrolled in school. Before doing this, the financial institution will confirm your status to ensure that you are no longer a student. You may also get a post-graduation grace period before this happens. This grace period will allow you to figure out your financial future after you graduate.
If for any reason you extend your student status, you can show the enrollment proof to ensure that you continue to take advantage of your student account.
At RATESDOTCA, we know how the cost of studying in a post-secondary institution can take a toll on your finances. Browse through the best student accounts to see which one offers you the best banking benefits.