International (foreign) banks in Canada offer a lot of services but there are some restrictions.You can open a deposit in Bank of America and in J.P. Morgan Bank in Canada if it’s more than $150,000. The Canada Deposit Insurance Corporation doesn’t insure deposits with JPMorgan Chase Bank, N.A., Toronto Branch. JPMorgan Canada does not operate in coercive tied selling. A debit card issued by Bank of America isn’t accepted at Canadian retailers.
Bank of America which is one of the largest financial institutions in the world has a branch in Canada. The bank can help you grow and manage global operations, fuel growth with cost efficient capital, optimize working capital and liquidity, maximize the value of your business, protect your business and its future, make informed investment decisions, optimize your trading performance, etc. It offers solutions for Preferred and Small Business, Business Banking, Global Commercial Banking, Global Corporate & Investment Banking, and much more.
J.P. Morgan Bank has operated in its own office in Canada since 1965. It serves corporate, government and institutional clients offering them wholesale financial services, leveraged financing, investor services, global treasury management services, mergers and acquisitions, investment banking, structuring, syndicating financing and more. The bank offers solutions on debt financing strategies, liquidity management, value drivers, etc. The offices are in Calgary, Ottawa, Montreal, Vancouver, and Toronto.
Citibank was founded in 1812. It has branches in dozens of countries with developing economy. This company offers financial services all around the world. Today it has about a couple of hundreds of millions of client accounts. You can find divisions of this bank in more than 100 countries. You can use services and financial products which are competitive advantages such as investment banking, bank and consumer lending, corporate services, and bill brokerage with capital issues. Citibank is a commercial bank where you can get a great experience. Citibank Canada is a division of the large American financial holding company Citigroup. The main office is in Toronto. And there are divisions in Vancouver, Calgary, Montreal and London. This bank has worked in Canada for over 60 years.
HSBC Canada which name was Hongkong Bank of Canada earlier is a part of the British banking group HSBC. It’s one of the largest foreign banks in Canada. HSBC Bank serves about 40 million clients. It has about 4 thousand offices all over the world. It helps clients which are individuals and companies do business. This bank offers you some of the lowest mortgage rates in the country, transferring money between your accounts, etc. At this bank you can open foreign currency savings accounts and a tax-free savings account, buy multi and single trip insurance, and much more.
The PNC Financial Services Group, Inc. is an American Finance Corporation. PNC Bank has a branch in Canada. You can get a good experience while getting industry expertise, term loans, auto loans, a mortgage, etc. at it. It offers Trust and Estate Services and Private Banking Services. You can find there Wealth Strategies like Retirement, Tax and Education Planning, Risk Management and Insurance, and more.