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Opening an account before moving to Canada

Whether you're moving to Canada, or just have Canadian banking interests, we can help you manage your money.

Banking in Canada made easy

There are a number of reasons why you may need a bank account in Canada. Perhaps you're planning on moving here, or you're staying put but want to start investing in Canada.

As an international bank in over 30 countries and regions we're well placed to help you set up an account. It can even be done online from the comfort of your sofa.

Eligibility criteria may apply.

Benefits of opening an account before you arrive in Canada

To settle in Canada you may need to prove you've sufficient funds, and you'll need to declare anything over $10,000 to border officials. Opening an account will help smooth your entry into Canada.

  • Use the deposit confirmation letter to show proof of funds to immigration
  • Avoids having to travel with large sums of money to satisfy funding requirements
  • You can wire up to $30,000 which you can access as soon as you activate your account in a Canadian branch

Benefit even if you're not moving to Canada

If you have an HSBC account in your home country then you can open one in Canada - even if you're not moving here. This provides a number of international banking benefits.

  • Transfer funds between HSBC accounts for free and in real time with Global View & Global Transfers[@gvgtgavailability]
  • Meet any mortgage payments or pay bills in Canada while living in another country
  • If you're looking to invest you can take advantage of our expert local guidance

How to open a Canadian account if you're moving to Canada

How to open a Canadian account if you're NOT moving to Canada

Open a Canadian account

Compare chequing accounts and see which one is best for you.

If you're looking to study in Canada our GIC program helps you meet the Canadian government's Student Direct Stream (SDS) application criteria.

Frequently asked questions


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