Scotiabank helps provide newcomers with vital
resources and credible financial information
TORONTO, May 1, 2023
/CNW/ - Scotiabank continues to support the dream of millions
of people around the world who are looking to call Canada home through a new partnership with
Moving2Canada, an organization dedicated to empowering newcomers to
create their new life in Canada.
Moving2Canada's digital platform provides prospective and recent
newcomers with essential information to help them successfully
transition to a life in Canada.
With more than four million visitors a year, Moving2Canada offers
information about visa programs, entry requirements, work permits,
and banking and financial resources among other offerings. It also
provides access to a community of newcomers and professional
services who understand the unique challenges of successfully
settling in Canada.
"Our vision is to empower a million-plus newcomers to settle
successfully in Canada over the
coming years by helping them to achieve this milestone on our
unique platform using our free account," said Ruairi Spillane, CEO & Founder,
Moving2Canada. "With the support of partners like Scotiabank, we
will continue to help people to build better lives in a country
that celebrates diversity and offers safety, opportunity, and
quality of life."
Scotiabank is committed to being a partner for newcomers by
offering the right solutions and advice to help them achieve their
financial goals and overcome common pain points like gaining access
to credit and opening accounts.
"Canada is getting ready to
welcome nearly 1.5 million permanent residents over the next three
years, and our future success depends on our ability to keep
Canada as an attractive
destination for newcomers and create smoother conditions for them
to succeed once they arrive," said Tracy
Gomes, Senior Vice President of Customer Value at
Scotiabank. "Having access to credible information, a supportive
community, and financial professionals throughout this transition
empowers newcomers and their families for generations. Partnering
with Moving2Canada allows us to continue to support newcomers from
around the world who want to call Canada home."
A recent Scotiabank survey of 400 newcomers revealed that they
most commonly experience feeling worried, overwhelmed, and confused
by their finances and navigating the Canadian banking system.
The Scotiabank StartRight® Program provides personalized support
to newcomers, helping them apply for a credit card and build their
Canadian credit score with an unsecured credit card, with limits up
to $15,000. It also offers unlimited
no-fee international money transfers and a no-fee chequing account
for the first year, to qualified and tailored advice from welcoming
advisors across the country.
To help newcomers navigate through the Canadian financial
system, Scotiabank offers a host of online tools to help manage
their daily finances. Scotiabank's Advice+ Centre serves as a
trusted source of information about Canadian banking products,
services, common banking topics, and a range of new options to seek
financial advice.
In addition, newcomers have access to digital tools like Scotia
Smart Money powered by Advice+, a digital budgeting app, and hybrid
platforms like Scotia Smart Investor that empowers newcomers to
take more control over their investments.
Scotiabank has made the newcomer experience a significant area
of focus, from talent recruitment efforts to its solutions for
customers, and offers support in more than 55 languages in total at
branches and contact centres across Canada.
Supporting newcomers is a primary focus of ScotiaRISE, a
10-year, $500 million initiative to
promote economic resilience among disadvantaged groups including
helping newcomers feel at home faster. By partnering with
organizations that help build financial literacy, gain access to
credit, and overcome employment barriers, Scotiabank further
advances its goal of creating a more inclusive and resilient world
for everyone.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success 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 over 90,000
employees and assets of over $1.3
trillion (as of January 31,
2023), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on Twitter
@Scotiabank.
About Moving2Canada
As Canada ramps up immigration,
all too often newcomers end up underemployed and not achieving
their potential in Canada. In
turn, Canada has a problem with
newcomer retention.
Moving2Canada is a digital platform that empowers recent and
prospective newcomers to achieve success in Canada through expert information and access
to job opportunities. Founded in 2012, Moving2Canada's mission is
to empower newcomers to create their dream life in Canada. More than a decade later, and with the
support of federal government grant funding, Moving2Canada
relaunched its website with unique technology that gives people
around the world an even better platform to make their move
affordably and with confidence.
The Moving2Canada team reflects its community, living and
breathing the newcomer experience on a personal level. The team
includes first- and second-generation immigrants from around the
world. This diversity gives the team an extraordinary perspective
on the newcomer experience — past, present, and future.
SOURCE Scotiabank