Scotiabank, Canada's most international bank, has reached an agreement with the Bank of Beijing, a financial institution in China, to help immigrants, international students and foreign workers moving to Canada begin their financial transition before they leave China.
"Working in countries around the world has given us a strong understanding of the important decisions that are involved in moving to a new country," said Albrey Yeung, Director of Asian Markets, Multicultural Banking at Scotiabank. "One of the top priorities for newcomers arriving in Canada is to find a financial institution.
Through our new partnership with Bank of Beijing, we are able to give immigrants, foreign workers and international students a head start on this process by helping them establish a Canadian banking relationship before they arrive."
Under Scotiabank’s cooperation agreement with the Bank of Beijing, Chinese immigrants, international students and foreign workers planning to move to Canada are able to open a bank account and apply for a credit card with Scotiabank through approximately 20 participating Bank of Beijing locations in China.
Once in Canada, customers can visit their local Scotiabank branch to activate their accounts, receive their credit card and take advantage of additional benefits included in the Scotiabank StartRight Program, Scotiabank’s banking package designed for newcomers to Canada.
"We look forward to working with Scotiabank to help customers in China put themselves in the best position possible before they begin their lives in Canada," said Lihua Feng, Chief Retail Officer, Bank of Beijing.
The new partnership with Bank of Beijing will expand Scotiabank’s existing relationships in China, adding to Scotiabank’s ongoing partnerships with China Everbright Bank and Bank of Xi’an. Through these partnerships, immigrants, international students and foreign workers moving to Canada are able to open an account with Scotiabank through more than 200 participating branches in 44 cities all across China.