Banking, Landing, Moving to Canada

Moving to Canada: Bringing Your Money to Canada (Part II)

UPDATE: We have already landed in Canada and have successfully activated our account with Scotiabank. Read more about it here.

In our last post, we talked about the different ways you can bring your money into Canada as a first time immigrant. In that post, we mentioned that we will be going with a wire/telegraphic transfer between BPI here in the Philippines and their partner bank in Canada, Scotiabank.


This will be done through the Scotiabank StartRight Program for newcomers to Canada. It is basically a bank account that you can open before landing in Canada which gives you some benefits including being able to do a one-time wire/transfer of up $50,000 to Canada without any fees.

In this post, we go through the really simple process for signing up for the Scotiabank StartRight Program.

First, go to to the Scotiabank StartRight page and answer the two questions found on the page. You will then be led to this page.

Screenshot 2017-05-05 20.33.13.png

Click “open your account online” and go through the next few pages which will ask you to select your region and country. At this point, be sure that you have your passport, Certificate of Permanent Residence and estimated date of arrival in Canada on hand. After that, just fill up the short forms and complete the application.

Once finished, you will be informed that they will be emailing you further instructions within 24 hours. We actually got our email within 20 minutes and it will be a message directing you to Scotiabank’s secure email service.

Screenshot 2017-05-05 21.07.26

After registering, you will then be given the instructions on how to do the initial wire/transfer of up to $50,000 from the Philippines to your Scotiabank account in Canada.

Pretty simple right? It really is! But just take note of a few things.

  1. A BPI account is not required to open a Scotiabank StartRight account and transfer money. However, since these two banks are partners, there will be inherent benefits like less fees for future transfers.
  2. You are only allowed ONE transaction with your StartRight account before landing in Canada, so better make sure that you make that one transaction count.
  3. Your StartRight account will technically be open, but it will be inactive until you physically go to a Scotiabank branch in Canada and prove your identity to them.
  4. You will be able to use the transfer receipt that will be issued to you as your proof of funds when you first land in Canada.

We hope that the last two posts helped give you a clearer picture on how to initially transfer your money from the Philippines to Canada. Moving to Canada will be a daunting task for anyone and If there’s anything you want to ask, feel free to leave a comment below and I’ll get back to you as soon as I can!

18 thoughts on “Moving to Canada: Bringing Your Money to Canada (Part II)”

    1. Hi Franco,

      Sa BPI Binondo-Rosario kami nag-process. Alam ko pwede rin sa Paseo de Roxas branch. You can inquire with them kung ano pa ang ibang Third Currency Branch nila so you can check kung may malapit sa inyo.

          1. Oohhh. Okay 😅😅

            The people at the bpi branches I visited were all surprised when I say there is no fee. Thank you for the replies!

            Hope you are having a blast!


          2. But I think this was a Scotiabank fee rather than a BPI fee. Just ask about their tie-up with Scotiabank here in Canada.

            Just curious, how much did they say was the fee?

          3. CAD to CAD is 15CAD per transaction

            PHP to CAD is also 15CAD plus doc stamps which will be less than 1000 pesos but the rate will be BPI’s exchange rate.

  1. Hello again.

    Did Scotia Bank send you an email that they got the wired transfer? Or the transcript from BPI was all you used at the bank?

    Thank you! 😊

    1. Hi Mary Ann!

      We checked that box since we actually still brought 10,000 CAD with us. But, from what I remember, I think you should still check it just to be sure. They will probably be looking for some sort of proof of funds anyway.

      Hope this helps, thanks! 🙂

    1. Hi Iori,

      If I remember correctly, we just got an email confirmation and not any actual package that was sent to us.

      I don’t know if anything has changed from the time we did it. Did you get a package?

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