Bank accounts assist you in keeping track of your financial transactions, and allow you to earn a small amount of interest back from the money you deposit into the account, as long as you have a positive balance. If you do not have a bank account, there are many excellent options for you to choose from and they are generally simple to set up.   

Setting Up a Personal Account Bank Account

Before you open your account, you must pick the financial institution with which you will hold your account. You should visit or call the bank for instructions about setting up your account. Links to banks located in Chatham-Kent are listed on the right under "Useful Links".

The bank will definitely want you to supply identification when your account is being set up. In most cases you must submit two originals, not photocopies.  If for some reason you cannot supply two recognized documents for identification, talk to your bank. Someone at the bank may be able to confirm your identity in place of the second piece of identification.

If you would like to learn more about opening and using a bank account, the following websites can help:

Chequing and Savings Accounts

Two very popular types of bank accounts are chequing and savings accounts. A chequing account is a type of transactional account that allows you to access funds on demand, quickly and securely . On the other hand Savings accounts, encourage account holders to save money. Funds in a savings account may not be accessible on demand, depending on the terms of the account, and typically earn a greater monetary return from the bank maintaining the account.

Accessing Money

Depending on the type of bank account you get, you will be able to access your account in a few or all of the following ways:

  • Automated Teller Machine (ATM) card
  • Debit card
  • Cash (provided over the counter)
  • Cheque and money order
  • Direct Debit
  • Electronic funds transfer
  • Online banking 

More Information on Banking

Be careful when you use online banking. Use a secured website connection and close any unsecured programs (MSN Messenger, Skype). You should take every precaution to make sure your banking information is safe from identify theft.

The Canadian Dollar is currency used in Canada. A currency converter will help you convert your currency to Canadian currency.

If you would like to consult a financial institution or service provider in Chatham-Kent, you may access contact information using the directory on the right., or select one of the banks listed under "Useful Links".