Get simple answers to your questions.You asked: What is the minimum amount of money I need to open a bank account?
We matched that to: What is the minimum amount of money I need to open a bank account?
Initial deposit amount
There is no minimum amount of money required to open a bank account. However, a small initial deposit can help pay for cheque orders and monthly maintenance fees (based on your account balance).
When opening a new account, evaluate how you want to bank and your expected number of monthly transactions. We have unlimited transaction accounts that can help take the guess work out of selecting an account.