Money and Banking
Canadian Bills
Canadian bills are currently made out of a polymer, which is water and tear-resistant; however, you may still encounter some older paper-like material.
Canadian COINS
There are six denominations of Canadian circulation coinage in production: 5¢, 10¢, 25¢, 50¢, $1, and $2. The three smallest coins are known by the traditional names "nickel" (5¢), "dime" (10¢), and "quarter" (25¢), and the one-dollar and two-dollar coins are called the "loonie" and the "toonie" respectively.
Nickel: 5 cents
Dime: 10 cents
Quarter: 25 cents
Loonie: $1
Toonie: $2
Banking
International students in Canada can open a bank account at most major banks. Each offers several types of accounts and services. Interest rates and service charges vary. When choosing a financial institution, consider these charges, the services you require, and the bank's location.
To open a bank account in Canada, you will typically need your passport, study permit, and proof of residence, such as a lease agreement or a utility bill with your name and address
If you don’t have a lease or utility bill, you can use proof of enrollment from the university.
When opening your account, mention that you are a University of Alberta student, as many banks offer student accounts with lower fees. You may also be asked to provide your ONEcard or a Confirmation of Enrollment to qualify for a student account.
Although it is not required, making an appointment before you visit a branch will ensure that someone will be available to help you, and you will not spend time waiting for assistance. If you would like service in a language other than English, an appointment is necessary.