Scotiabank has partnered with China Everbright Bank (CEB), a financial institution in China that provides immigrants and international students moving to Canada with the ability to open a Canadian bank account while still in China.
Scotiabank said that under the new agreement, Chinese immigrants and international students planning to move to Canada are able to open an account with Scotiabank through any of the 119 participating CEB outlets in 33 cities across China. Once in Canada, customers can visit any Scotiabank branch across Canada to activate their accounts, obtain a Visa card as well as enjoy other benefits of the Scotiabank StartRight program, Scotiabank’s banking package designed for newcomers to Canada.
Rania Llewellyn, vice-president of multicultural banking at Scotiabank, said: “At Scotiabank, we understand that moving to another country is a big decision for many individuals. When newcomers arrive in Canada, their top priorities are to find a place to live, a job and a financial institution. Through our partnership with CEB, we are able to give newcomers a head start before their arrival by providing them with the ability to establish a relationship with a bank, and give them some stability in the midst of change.”
Xuyang Zhang, general manager of retail banking department at China Everbright Bank, said: “The launch of the CEB-Scotiabank partnership further expands CEB’s reach in the financial services market for immigrants and international students going to Canada, and further strengthens the CEB brand as a specialized overseas financial services provider.”
