Opening a Personal Bank Account: Understanding Your Rights (2011)

This brochure offers important information for anyone who wants to open a personal bank account.

The authors begin by explaining that under Canadian law, an individual has the right to open a personal bank account even if he doesn’t have a job, has been bankrupt, or doesn’t have money to put in the account right away. Banks can refuse to open an account for someone they suspect has committed a crime related to any bank; harassed or threatened a bank employee; or shown false identification.

They also describe the steps to take to open an account; list acceptable forms of identification the person can present at the bank; and explain what steps to take if the bank refuses to open an account.

Get resource
ISBN: 
978-1-100-18126-4
Added: 
2012-05-08
APA citation
Financial Consumer Agency of Canada (FCAC). Opening a Personal Bank Account: Understanding Your Rights 2011. Web. 27 Sep. 2020 <http://en.copian.ca/library/learning/fcac/open_bank_account/open_bank_account.pdf>
Financial Consumer Agency of Canada (FCAC) (2011). Opening a Personal Bank Account: Understanding Your Rights. Retrieved September 27, 2020, from http://en.copian.ca/library/learning/fcac/open_bank_account/open_bank_account.pdf
© 2020 Copian Library