All Episodes

March 27, 2023 35 mins

As a newcomer, the financial decisions you make during your initial months and years in Canada can impact your long-term financial success - whether it’s choosing the right banking and investment products or learning how to use credit appropriately.

In this episode, Clem speaks to Wanzi Silva from the Newcomer and Cultural Segment at Royal Bank to Canada (RBC) on how banking works in Canada, financial products for newcomers and tips on building your credit history from scratch in Canada.


Here’s what you’ll learn:

  • Types of financial institutions in Canada

  • Tips to choose the right bank as a newcomer

  • Chequing vs. savings accounts

  • How to open a Canadian bank account before you arrive

  • Why your credit history is your financial reputation

  • Tips to build your credit score in Canada

  • Investment products to grow your savings 


Links to free resources:

Speak to an RBC Newcomer Advisor to open a bank account


Financial Guide for Newcomer to Canada

Mark as Played

Advertise With Us

Popular Podcasts

Las Culturistas with Matt Rogers and Bowen Yang

Las Culturistas with Matt Rogers and Bowen Yang

Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.

Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

24/7 News: The Latest

24/7 News: The Latest

The latest news in 4 minutes updated every hour, every day.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.