All banks and most trust companies are regulated by the federal government to determine whether they are financially sound. All Caisses Populaires and credit unions and some trust companies are regulated by the provinces. Banks tell you in advance what kind of account, loan or mortgage you can receive. They usually give responsible advice, but you should check with more than one to find the accounts and services that are best for you. You do not need to sign any agreement until you are sure that you understand what it means.
All financial institutions offer packages of financial services.
You should choose the type of account that you will use most. For example, an account that offers travellers' cheques, international credit cards and foreign banking services may charge extra for each of these services. There are many good reasons to borrow money, such as, furthering your education, opening or expanding a business or buying a house. These are all investments that will likely provide a good return in the long run. You might also need a car, a computer or other tools to help you with your business.