Information on how you get paid and opening up free bank accounts
Camp Canada will not be facilitating opening a bank account for you in person. Your camp is aware of this, so make sure to connect with your camp director to find out how you will be paid this summer.
We have two recommendations for you, depending on how you will be paid by your camp:
Direct Deposit:
If your camp pays by direct deposit, we recommend opening up a free multi-currency bank account with Wise. This online service will allow you to set up a multicurrency bank account with Canadian direct deposit details. Through Wise, you will be able to have funds transferred directly between your Canadian account and your local bank account.
We will provide you with all of the information on how to open a Wise account during your virtual orientation so please save all questions about bank accounts until after you have completed this module.
Cheque:
You can bring your camp paycheque home and deposit it in your home bank account after the summer. Exchange rates may apply. Alternatively, you can open a bank account when you leave camp. Camp Canada traditionally uses TD Bank or Bank of Montreal (BMO), which generally offers a free bank account for newcomers to Canada.
Unless your camp has expressly stated that they will be paying you via cheque, we encourage you to open a Wise account and use direct deposit.
Important Information
As an international staff member going to Canada, we advise that you carry some Canadian cash when arriving in Canada. You never know when you may need this, especially in the first few days of being in a new country and whilst you get set up. In case your home bank card or Wise card are not accepted at a payment terminal or whilst you wait for your Canadian bank card to arrive. Having cash is a vital plan B. We recommend you exchange your money at home and come with Canadian dollars in your hand luggage, incase you have any problems withdrawing from ATMs.
Wise & ATMs:
According to Wise, You can use your Wise card like any other bank card to withdraw money at ATMs around the world. You get 2 free withdrawals per calendar month. The fees you pay depend on where your card was issued — it’s usually the registered address on your Wise account. If you’re using a different currency, the sum will be equivalent to the currency your card was issued in. From the third withdrawal, they’ll charge you the fixed fee applicable in your issuance region, regardless of how much money you've withdrawn that month.