Press release – Scotiabank

‘Start Right’ with Scotiabank: Preparing for life in Canada

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TORONTO – AUGUST 27, 2018 – Scotiabank has launched a new website for the StartRight® Program,
which offers practical, useful information to make it easier and simpler for newcomers and international
students to live and bank in Canada. The website is rich with content, including blog posts, practical lists
and links to helpful resources, making it a one-stop destination for those planning or preparing to settle in
Canada.
Life in Canada
During the first few months of living in Canada, there will be many tasks that need to be tended to:
• You will need to setup a bank account to make every day purchases and eventually pay bills.
• Whether you decide to rent or buy, you will need to look for housing in order to create a new
home.
• You will also need to build a new community. This involves learning what your neighborhood has
to offer and expanding your network.
Through Scotiabank’s StartRight® Program, advisors can help you accomplish these fundamentals by
giving advice and directing you to the best resources available.
“Moving to a new country and adapting to a new culture can be daunting without the right support,” said
Munsif Sheraly, Director of Multicultural Banking at Scotiabank. “With the Scotiabank StartRight®
Program, we want to welcome new Canadians with information that will make their life easier even before
they arrive. Our multilingual advisors are committed to helping newcomers make Canada feel like home
as quickly, and easily, as possible.”
Scotiabank’s StartRight® Program outlines practical information such as how to acquire a SIN card, the
importance of having credentials assessed, where to apply for jobs, and more. It also provides
information on Scotiabank’s special banking solutions for newcomers and eligible credit cards.
Credit in Canada
Banking systems differ by country, so there is value in conducting research to understand the Canadian
banking system. Scotiabank’s StartRight® Program starts from the basics and provides insights on why a
Canadian credit profile is helpful, how to help you build a positive credit score and tips to maintain a
healthy financial life in Canada. It also shares checklists to help stay on track and help you stay within
budget.
Building and maintaining a positive credit history is important in Canada; it is one of the ways that
indicates how reliable you are to money lenders, such as financial institutions. If you appear to be
unreliable, it may be difficult to secure rental properties, loans or utility accounts. Many banks also require
you to have a credit history before approving you for a credit card, which could put you at a disadvantage
when you want credit. Scotiabank’s StartRight® Program, however, can help you build your credit in
Canada, as it offers you the chance to get approved for your first credit card without having a credit
history beforehand.
Starting a new life in Canada can be complicated, and newcomers may have many questions along the
way. To learn more about the resources available to set you up for success, visit
www.scotiabank.com/startright.
About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin
America, the Caribbean and Central America, Europe and Asia-Pacific. We are dedicated to helping our 24
million customers become better off through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private banking, corporate and investment
banking, and capital markets. With a team of more than 89,000 employees and assets of over $926
billion (as at April 30, 2018), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges
(NYSE: BNS). For more information, please visitwww.scotiabank.com and follow us on Twitter
@Scotiabank.
Media Contact: Carina Ruas, Scotiabank, carina.ruas@scotiabank.com
Jessica Leroux, Narrative PR, Jessica.leroux@narrative.ca

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