10 Things That Will Shock You About Canada Banks | Canada Couple

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This video is about some differences that we found about Canada Banks and Indian banking system. There are few pros and cons of this system. Let us know which one you found to be very different from your home country. Do like and comment if you like the video.
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Опубликовано:

6 окт 2020

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Комментарии : 288

@CanadaCouple 3 года назад

What was shocking for you? ⭐ Apply For BMO New Start Program ➤ bit.ly/36mXQo2

@jaydk2549 3 года назад

Very useful information Bro. 💕💕👍🙏

@suja-192 3 года назад

@shaziaschannel886 3 года назад

Plz mojh say raba kren 03368661923

@joelisrael3222 3 года назад

Very informative Harmeeet 🙏. Thank you very much for this wonderful video 🙏☺️

@NK-di8uz 3 года назад

@Dipen Das Yes. Because unlike India, Canada is a very low inflation economy. Hence the low rate of interest. In India, banks used to offer very attractive rates of interest earlier because economy was conservative and GOI wanted to encourage people to save more. However, over a period of time, savings interest rates were slashed with most banks offering a mere 4% savings account interest. GOI's focus changed from conservative to spending economy wherein they want you to spend more than save as they want people to invest in economy directly be spending. However, the worse part in India is that inflation does not get controlled. So the poor man who was habituated to savings account is in worse state than before. Canada is also a spending economy but a low inflation one. Government over here wants people to invest in market directly through spending, stock market etc. rather than routing that money into market through savings accounts and industrial loans.

@FIC316 3 года назад

There is no need to go to the Bank or to an ATM to deposits the cheques, you can take a picture and upload the image from your mobile and money is immediately credited to your account

@Reddylion 3 года назад

Nice

@subhamsingh2795 2 года назад

lol. 😂 that's funny as well as easy. I find Canada is having smooth customer services. it feels good. and things are super quick.

@IggyArssie 5 месяцев назад

You don’t get it do you there will be no cheques or cash, it will all be digital

@andrealori8299 6 месяцев назад

Hallelujah!!!! The daily Jesus devotional has been a huge part of my transformation, God is goodes LS, after years of addiction to drugs and sins God chased me down as I earn $112,500 monthly. My life and family has changed, Thank you Jesus!!!..

@TERRALESA 6 месяцев назад

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God

@JakasonHole-ni7tl 6 месяцев назад

It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

@GraceDavis-et2to 6 месяцев назад

I spread out my $25k portfolio across various markets to diversify my investments.

@ElenaWhite-tw9px 6 месяцев назад

That woman is a genius

@neilpedro9875 6 месяцев назад

So you guys know her? Her Success story is everywhere

@Archana-qf8ci 3 года назад

Hats of to you For putting so much efforts to explain the process. Indeed this is really helpful and much needed for new immigrants 😎

@924suvi 3 года назад

Such an informative video. I really wish we could have had this information when we landed. Did all these mistakes and were charged by the bank, it was so shocking. You guys are sooo Good. Awesome content. 💓 Thank you guys 😇

@jussbhavik 3 года назад

These RU-vid videos is what will pay off your credit card bills! Great collaborative sponsorships! And amazing content as usual!

@jz7722 3 года назад

What I like most abt Canada Couple is their narration style, simple and very articulate. Even the complex topics they describe in so simple way which makes their clips so watchable

@TONSH101 3 года назад

True that

@ChetanSankhala 3 года назад

In india, UPI is skilling all other payment method. Super easy. Super convenient

@tanayakapila5500 3 года назад

Very informative video. I believe no one has made any video on how banking system works in canada . Hats off !! Guys!! God bless you both 💗

@sahilhanda8881 3 года назад

Thank you for putting in great efforts and sharing with all of us banking knowledge in Canada. I enjoy the content created on your channel. Please make a video on how to improve credit score. I guess there is a difference between credit history and credit score. I have heard that using credit card beyond a limit spoils your credit score. Many people have this in mind that the more they swipe their credit card, the better their credit score is. I would love to hear your opinion on it as there exist contradictory opinions. May your channel grow to new heights. Lots of good health and happiness to you and your loved ones always.

@NK-di8uz 3 года назад

Some of the important safety features in Indian banking system which I miss in Canada. A credit card transaction in India goes through MFA (multi-factor authentication) which is not the practice in Canada. Any credit and debit card transactions in India generate a SMS which is not the practice in Canada.

@payalshah9809 3 года назад

Content was indeed helpful..! You guys r doing amazing job..✋🏻

@PrepareforCanadaPFC 3 года назад

Well done! Very informative video. 👍🏻

@alexdelta6223 3 года назад

After living here almost 5 year I would say keeping 50/60 bucks cash is more than enough. 2 Credit cards is must. Visa and MasterCard preferably. Always use the mobile app and link your all cards. Incase you lost or misplaced the cards you can block it in a second through your app. Once you found it you can unblock it again. I love this app feature. E transfer with just email address is awesome for sure. Lastly, tapping the card is way better than insert and slide, which I didn't find in India.

@suchiv2711 3 года назад

Very informative...rather than talking about which coloured vase to buy and the same old condo tour..u guys deliver quality information...thank you for the efforts 👍🏼👍🏼

@rosysandhu2443 3 года назад

Such a great information. Nobody was there to help us during our time. Keep up the good work guys. Can you please make video on appliances, will really be a great help in buying ,as we will be moving in our house soon. Thanks

@asharawat4987 3 года назад

You did really well job to bring this most important info video about banks over there.

@nickisix2006 3 года назад

Fantastic video. Great information provided !!! Thanks Guys

@baljeetkanda 3 года назад

Few more points related - there is no bank charges if u r student n have student account - there is no bank charges if u balance is more than some amount. Eg in my case its 4000. If i have more than 4000, there is no charge. - if u use credit card n couldnt pay it back, there are interest charges.

@AmanSharma-ri9du 3 года назад

Ye toh har jagah hi hai india mein bhi

@mosabahmed6107 3 года назад

Peace, mercy and blessings of God I am your brother Abu Musab from Gaza Married and I have 3 people I was injured by an Israeli bombing, which resulted in a fracture of my ribs, pelvis, and right hand, and deformities I live in a house for rent and my financial situation is difficult I ask God to bless your livelihood, God Amen My mobile number 00972597919631

@victorferr1 3 года назад

That's $4000 blocked. Just to avoid fees? Does not make sense. $4000 in a tfsa, invested on a dividend stock or etf or mutual fund, would probably grow more than you would save on fees. Talk to a certified advisor for opinions and make your own decisions.

@purbiadak 3 года назад

This is exceptionally well articulated 👍

@hellohihwru 3 года назад

So much good information thnx canada couple . :-) one point would like to add is about the long frustrating line ups in india in banks and how the area gets crowded as line ups done clear quickly

@countroshculla 3 года назад

Awesome videos. Can you do one on mobile service companies, plans and devices like a comparison. Also for ISPs.

@insighttheheart5093 3 года назад

Wow 🤩bro This video is informative Great job God bless you

@harshilpatel2320 3 года назад

Thank you sir, Your videos are very Informative....😊🙏🏼

@SanaKhan-pf7yd 3 года назад

in India, 1st cheque book is free and 2nd cheque book is chargeable (especially in the private banks) and here per cheque leaf cost 5rs which most of the people don't know

@NK-di8uz 3 года назад

That is true. Also, most banks including nationalized ones charge debit card fees.

@krystald7845 3 года назад

Really good video with lots of great info. Thanks for sharing

@sweetypie7029 3 года назад

So so very helpful!!!

@anitaroy8113 3 года назад

Superb. Informative. Thank You.

@jaivikdhedhi0913 3 года назад

Thank you so much video is so helpful for new comers and international students

@an4ndmi5hra67 3 года назад

Amazing... thanks a lot for the valuable information. It'll really help a lot to the new immigrants as well as the students. Hoping to meet you soon.. and to potato talkies couple's. 1 Question.. If someone is using a credit card & paying through CRED app on time & have a good credit score in India. Does that help in Canada with the same credit score.

@Punjabivlogg 3 года назад

Good information 😊❤️🙏🏻

@arifemon3318 3 года назад

this was very helpful 🖤

@madhaviraut2890 3 года назад

Banks and their daily Business Practices seems very different and surprising ..! Nice information 👍

@asharawat4987 3 года назад

It was really helpful veer ji. And much needed. Also I would like to suggest you to make one video about what are options for investments there in Canada in order to save money. Like we do in India mutual funds policy n fd etc.

@aaishaholiya8058 3 года назад

Very informative...thanks

@J.Pallavi64 3 года назад

Hello Canada Couple. I have been following you guys for so long and love the ott suggestions you couple provide. Thus I am requesting you to please make a video on home insurance for first time home buyers and what traps to avoid etc.Thanking you in advance.👍🏼

@vinays1234 3 года назад

Hi pallu

@vikrantkumarpihaal9565 3 года назад

Usefull and informational video 👍

@nannz.7266 3 года назад

Aah, very nice. These are some of my main questions about banking in every country, mostly the big country that has big currency. It can cause major problem with our INR currency. India me hota hai to aaram se solve ho jata hai. Outside of india is worse to happen with any person. Even for the wealthy people.

@rajveerrk9165 3 года назад

Great 👌 Knowledge sharing video 👍👍👍👍👍 Super Paajiii 🙏❤️

@sarujanview 2 года назад

Really helpful thank you 🙏🏽

@1718sandeep 3 года назад

Superb information brother thank you so much

@zealshah9517 3 года назад

Very nice video although I feel its not only BMO, who offers welcome packages for banking products. All 5 major banks have some sort of programs for immigrants (new to Canada). I know for sure scotiabank offers start right programs for foreign workers, permanent residents and international students. You just have to ask right questions to the bank representative who is assigned to you. There are many different ways to get free banking.

@parthr584 3 года назад

really good info sir thankyoufor sharing

@veronicasuryawanshi6773 3 года назад

Very helpful information thank you so much

@jagmeetsingh-sj9og 3 года назад

Nice such an informative video thank you so much 😊

@nainapatel4804 3 года назад

Very informative video. Thx

@840sri 3 года назад

Very useful video!!

@anshumanchauhan8101 3 года назад

Hi Harmeet, Thank you so much brother, for a very well articulated & clearly informative presentation. Can you please help me in clarifying a few banking aspects. Firstly, how would you rate BMO versus Scotia Bank for new comers to Canada. Secondly, you must be aware about the latest Tax Collectible at Source (TCS) introduced in the Indian Budget in 2020, wherein any foreign remittance of 7 Lakhs or more, is taxable @ 5%. NRIs are exempted of this tax. However, if someone (COPR holder) has to wire their money in an international acct in a Canadian Bank before flying out to Canada, is such person also exempted / subjected to such TCS as he would be considered as an NRI only once they land. Lastly, what are the charges for wiring money at both ends. Will be grateful for your help🙏 Thank you 🙏🙂

@balbirkaur1255 Год назад

Very informative very nice.👌

@anshumanchauhan8101 3 года назад

Super information 👍👍👍 many thanks bro

@andrianarisonnjato1667 3 года назад

Hello! I apologize for being all over the places. here is my question concerning this topic, I know that you will be questionned if you carry more than 10 000$ cash at the immigration at the airport. SO, what are the ways to transfer the money that we will carry to Canada including the Money in the proof of fund. Can we open a Canadian bank account virtually and ask our local bank to transfert the money to that new account in Canada? also when if that option exist when should be open that account? I guess the best move would be once we get the COPR right? thank you so much for everything. You guys are such a wonderful couple.

@ranjeetagomes9100 3 года назад

U explain so well.

@khurramsiddique6489 3 года назад

Excellent!!

@biswanathdatta3305 2 года назад

Very very good n important information given by you sir.thank you very much sir.

@tomjoy2649 3 года назад

Very informative.....

@usmankkk2000 3 года назад

WOW! nice video!!

@vikramjayanth2289 3 года назад

Very useful info for new comer to Canada.

@nabeel796 Год назад

does CIBC provide safety boxes for jewelry and how can we take and put it back after wearing it at an event?

@christianaman1985 3 года назад

Very informative,👍

@AttyEK 3 года назад

I have a question about credit cards and banks in Canada. In my country, with my bank, if I purchase something with my credit card over a sum, lets say 300 dollars, the bank will allow my to split the payment in 3 equal monthly payments with 0% interest, absolutely no extra charge. For some retailers they even have 6 - 12 monthly payments without extra charge. Have you ever heard of such benefits with Canadian banks?

@chinmayakumarbiswal4981 3 года назад

Hi we watched your many videos and its really great to know about Canada through you. It is really going to help us to start the process for PR. Can you please share some information about Banking jobs in Canada, or may be can guide us with some consultants for Banking jobs with Banking experiences.

@kanikamaheshwari9732 Год назад

Hi, Thanks for making such informative video.... So, when u mention that debit cards are given by the bank. I was under the impression through other information that banks prefer to provide immigrants with credit card in the name of increasing credit score and as people have a tendency to spend more. Is that true? Like should a new comer go for debit / credit card?

@vrushalimore9036 3 года назад

Very informative video thanku🤟🤟🤟

@dilipmundhva7137 3 года назад

In india you just need mobile number to transfer money and its doesn't require 2 to 3 hour it's just on click. In india is also there is single window operation concept but we don't know about it

@fritsvolmuller-613 3 года назад

Dear Sir/Madam, Do you advise to join 2 different banks? For example RBC & BMO? And how will it affect my credit history if you have a VISA ar RBC and Mastercard at BMO for example? I was thinking that one Bank account at RBC for myself and one for my wife (BMO). Please advise? Thanks and keep up with the good work

@balvinderkaurwadhwa2319 3 года назад

Cheques in india too are chargeable...inSBI FIRST 25 chqeues after free .later per leaf bank charges for the same...though the charges are minimal...

@punjabichopsticks 3 года назад

Checking account and saving account Good to know 👌🏼

@siddhantsaxena7990 3 года назад

Sir what is the duration to pay the bill as Compare to India like here I'm used to spend from credit card within 1st week of very month and pay it on 15th of next month...

@chrisnr18 3 года назад

Very helpful 👍

@aratiparab6459 3 года назад

Thanks for sharing 👍

@NK-di8uz 3 года назад

Canada couple, you can negotiate with the bank to get your debit card or ATM charges waived off if you have a salary account with them. Even if you are working as a contractor and bring in money in to a business account regularly, you can negotiate with them to get such charges waived off. There are no money transfer charges here unlike NEFT or RTGS in India. Also, here you can transfer money using email address. In India, they have a similar concept of vpa. You only need to share your VPA with someone who has to send you money rather than sharing your account details. Indian an Canadian banks are mostly similar with some minor differences. In India also, banks look at credit scores through CIBIL when extending you home loan or other loans and it also needs a credit card and good credit habits to build up a credit score just like Canada.

@ravibankingbriefs604 2 года назад

Good information shared

@yemantavcreaters 3 года назад

Thank you bro for informing about credit card I’ll take today BMO

@Srinivasbhariday 3 года назад

Do we have , online digital payment platforms, like in India Gpay, phone pe , WhatsApp pay, anything over there like that ?

@rajneeshanthwal4583 3 года назад

Excellent video 👍👍

@azeemkhwaja 3 года назад

Bro, being a PR holder can we keep money in Indian bank accounts and get better rate of interest?? Please throw some light. Thanks

@rajeshbabu931 2 года назад

is there any fee for Online transactions? or online money transfer to other bank accounts ??

@Morrispagan 3 года назад

hi dear, mine is a Bachelor of physiotherapy which consists of 4 years and 6 months of compulsory rotatory intership from India.so what is the equivalency of Canada ?

@NK-di8uz 3 года назад

I think you were incorrectly informed about having two credit cards.Your loan application might have got rejected because you might be running of your monthly eligibility limit for credit if that loan was extended. Having a second credit card might have helped but a better option could have been to negotiate with the bank and get the credit limit extended on the first card itself. Otherwise having another credit card reduces your credit eligibility as your credit limit on each card adds up against your monthly eligibility limit if you go for a home loan etc.

@KS-oc9ge 3 года назад

Very informative video..👍

@KS-oc9ge 3 года назад

Could you also give some information about the usage of credit card points please 🙏

@hitman8128 3 года назад

After how many months you bought the honda?

@jassidhaliwal9285 3 года назад

Very informative video

@ceciliaronalddesmond3171 3 года назад

Very informative 👌👏👍💵

@anishamathur1790 3 года назад

Amazing Information! Please make a video on how to manage Taxes and save money in Canada. And what all ways can there be to do savings! 😍

@CanadaCoupleVlogs 3 года назад

sure

@dipakkuchhadiya9333 2 года назад

I like it 👌🏻

@libertypass2655 3 года назад

Bro we r waiting for ur next video on #1. How to improve credit history ? #2. If U fail in paying ur credit card or bank loan then what will be punishment, jail or fine ? #3. How much we can get maximum loans & credit cards from bank ? #4. What about child future saving investment plans in canada ? #5. Our old age retirement saving plans & what are profit returns ? For example, if we deposit 1000 $ / month for 100 months or 150 months then how much profit we will get ,? Thanks bro, Love & respect for both of u guys🌹👏🌹👏

@canadianjatti 3 года назад

regardin #2 it is neither. if it is secured loan (say for car or house) they will just take away your car or house. You don't own these things until they are fully paid off. The bank owns them. Otherwise if its credit card debt you will just ruin your credit rating by not paying and they will keep calling you to pay and thats it. When you try to apply for card or loan in future you will be denied.

@prateek5285 3 года назад

What year did you leave India? We have had BHIM transfer and PayTM since 2016-2017. IMPS came in 2017. And all you needed to transfer was a UID or mobile number.

@roypinaki4u Год назад

But wudnt it be better to just use credit card for daily transaction? I dont see a point of savings acc unless they give 4% promo

@suhanabanu9664 3 года назад

Hello.What about students, will they get some benifts from bank specially Scotia Bank. Or they have a same charges as you said. And what about credit card. Should students open two bank account in canada and also they put two credit cards. Pls pls reply.

@advithganesh 3 года назад

Best !!! Will you please make a video about Healthcare facility !!!

@jz7722 3 года назад

HI, can you please tell where did you get your coat from and what brand is that ? It looks very nice and I want to buy the same.

@vicsaini1009 3 года назад

I was about ask same lol

@obaidmohammed3601 3 года назад

Very informative

@kakuarora3015 3 года назад

Veerji, what about american express card, the best card in the world... Can we use credit card from India while tying up with Canada bank!!!

@shawnpenn 2 года назад

Is there UPI type of payment in CA (eg. Paytm, Phoneph, Google pay, Apple pay, Samsung pay)

@avnisimarmom5790 3 года назад

Very good content

@TechDev 3 года назад

5.11 bro we use UPI in India its work with phone number also

@manjitdhami 3 года назад

Wow in UK - you can get zero charge accounts still! and no charge for withdrawing money from any bank ATM, not used my cheque book like ever! so that is surprising. Oh yes two credit cards is a must for good credit history, overdraft limits also can help with the credit score. MasterCard is not very popular here, mostly it is VISA but really both work just fine everywhere. Wow so much of a difference

@canadianjatti 3 года назад

you can get zero charge accounts here as well. I have never paid for banking. They must not be familair with them.

@ravis4405 3 года назад

The Credit Card Rules are actually almost the same world over. In india also they check credit score CIBIL Score to check eligibility for any Loan. In india also many high value transactions get declined due to eligibility. Credit Card ka importance almost same hai world over....