FAQ

Bankruptcy - Understanding and Using Your New Banking Rights

Having a bank account for your personal banking is deemed to be a right that every Canadian should be able to enjoy.

The Financial Consumer Agency of Canada has negotiated terms so that every Canadian, with few exceptions, can open a personal bank account.

Please note that this relates to a general savings account. The ability to operate a chequing account is not covered by the Financial Consumer Agency of Canada.

Questions regarding your banking rights and the limitation on those rights are contained on the web page for Financial Consumer Agency of Canada. Their website is http://www.fcac-acfc.gc.ca