Tips to Know Before You Apply for Banking Jobs in Canada
Canada’s banking system has emerged to be one of the most competitive sectors in the country. Consumers have multiple options to choose from. They also have great security against any breach or theft and hence newcomers find the sector pretty much promising to work in. Here are some tips for people who are looking to make a career in the Canadian finance sector.
Debit cards vs credit cards
Canadians prefer carrying cash with them most of the time. But the majority of the transactions are done through using two tools, namely the debit and credit cards.
- Debit cards- This is sometimes called an Interac in Canada and is like a digital version of a chequebook. It is directly liked to your bank account and money can be directly withdrawn from the account. You can also tap and pay and proceed with any transaction.
- Credit cards- These cards provide you with a line of credit. The purchases that you undergo using the credit card are borrowed transactions that must be paid back. The payments are generally taken back by the credit card parent company every month. If a person is unable to pay back at the right time, they will be issued a fee and this might negatively impact their credit score.
Opening a bank account in Canada
Anyone can open an account in the country as long as they have proper identification proof with them. If you are an immigrant, you need to produce an ID to prove your status here. Contacting any major bank will lead you to fix an appointment and your account can be created. There are different bank accounts for different levels of citizens. There are basic free accounts that will allow you a few transactions monthly. There are accounts that you need to purchase against higher monthly fees based on your needs.
Temporary residents can bank too
If you are visiting Canada for a temporary stay or on a work permit or as an international student, you are still eligible to access an account. All you need to have is a proper identification record and evidence of your status. You will have to present all your documents at the bank to create an account. You can also purchase a free account.
Knowing these tips will help you better convert customers at your workplace. You can now apply for the best positions through bank jobs at Hunt.ca.
