In Canada, bank accounts are a safe, secure way to store money. Depending on the type of account you set up, they can offer simple, immediate access to payment options, interest to help your savings grow, and protection through CDIC coverage.

In this video, we start by looking at what is required to open a bank account in Canada, like valid ID sources and proof of address. Next, we look at some common bank account types available and how you can decide which is right for you. Finally, we look at various other banking services you can take advantage of, like debit cards, ATMs, online banking and apps, and your account statement.