Originally Posted by Henry17
Wrong. It is for any transaction.
Depending on your objectives one might offer a little benefit over another but for the vast majority they are pretty much equivalent.
Are you new to Canada? Most people get bank accounts when they are tweens. No real difference between banks. Different people have different experiences with various banks. The branch manager is likely a more relevant factor than the bank.
All banks offer ATM cards that can be used form almost anywhere in the world. If you mean actually going into a branch that seems unlikely. While Canadian banks do own foreign banks and even have banks under their own banner in other countries you generally can't access your Canadian accounts though those branches. If any bank offers such a service though it will be HSBC.
Yes. Sadly most branches don't even keep that kind of money on hand unless it is a big branch or it is a high traffic day like when social assistance gets deposited. You generally have to call ahead and give them a day or two notice. For $5k they may not ask too many questions but they might. For $10k they will. Trying to get around this by going to multiple branches does not work. Banks also have no sense of humor so cocky and funny does not play well. If you need the money for playing live the best thing is just to keep your bankroll in cash at home.
Not new to Canada, but I've only been 18 for a few months and I've never had a real job, so no need for a bank account before now.
The withdrawal would be for going on vacation. Do you just answer truthfully for all of their questions?
Again, thanks for any help, and sorry if this has been asked before.