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Banking &
Cell Phones
Pre-Arrival Webinar
Tues July 7, 2015. 10-10:30am PST
Wed July 8, 2015. 3:30-4pm PST
Banking
Introduction
• Banks vs. Credit Unions
• Why do I need a bank account?
• Types of Accounts
• Transactional Information
• D...
Banks vs. Credit Unions
Banks Credit Unions
Pros • More loan, investment,
and account options
• Better accessibility
• Bet...
Why Do I need a Bank Account?
• To transfer money from your
home country
• To receive money (scholarship,
pay from work, e...
Types of Accounts
Chequing Savings US Account
• Most commonly used
• All debit transactions
• Withdraw from ATM
• Pay bill...
Transactional Information
Cash Access Pay Bills Cheque Cashing
• In branch
• ATM
• Third party merchants
• There are limit...
Online & Mobile Banking
• Manage accounts
• Pay tuition, utilities
• Send money
• Check transaction history
• Text / app b...
Debit Card
• Key to your banking
• PIN security to identify you
• Withdraw cash from ABM
• Pay for purchases directly –
in...
Credit Card
• Helps you establish credit history
• Pre-set credit limit
• Amount spent accumulates, paid off
once a month
...
Potential Fees & Charges
• Withdrawing cash from other banks’ ATM
• Withdrawing or debiting your Savings
account directly
...
Next: How to Setup an Account
1.Go to a bank branch nearby
2.Bring Passport, Study Permit, Proof of Address
3.Make an appo...
Questions about Banks?
Cell
Phones
Outline
• Cell Phones Overview
• Available Plan Options
• Approximate Price Ranges
• How to Set-up
Cell Phones in Canada
• Why so expensive?
• ‘Local’ vs. ‘long-distance’ (not just about area codes!)
The Big 3 Companies I...
Contract vs. No Contract
Pros • Reduced price on the handset
• Usually more options for plans available
• Options for fami...
Contract vs. No Contract
Pros • Switch providers or stop using at any time
• Buy a phone with no obligations or costs
• Pr...
Price Overview
Free High Cost/
Max Options
Med Cost Low Cost/
Few Options
Available Plan Options
Provider Voice only Voice and text Voice, text
and data
Everything
Low Cost 30 cents/min
(pay-as-yo...
Things to Ask at the Phone Shop
 Trial Period
 Data and Messaging Services
 In plan vs. unlimited minutes
 Internation...
Things to Ask at the Phone Shop
• Bottom line – what do you finally pay?
• Policies on Terminating Contracts
• Hidden fees...
Want More Details?
Questions?
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Pre arrival webinar on bank and phone summer 2015

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Pre arrival webinar on bank and phone summer 2015

  1. 1. Banking & Cell Phones Pre-Arrival Webinar Tues July 7, 2015. 10-10:30am PST Wed July 8, 2015. 3:30-4pm PST
  2. 2. Banking
  3. 3. Introduction • Banks vs. Credit Unions • Why do I need a bank account? • Types of Accounts • Transactional Information • Debit Card & Credit Card • Convenience Banking • Next: How to Setup
  4. 4. Banks vs. Credit Unions Banks Credit Unions Pros • More loan, investment, and account options • Better accessibility • Better online banking • More robust customer service at any time • Member = part owner • Higher interest rates • Fewer fees • More personal customer service Cons • More maintenance fees • Commonly profit-driven • Small size = fewer branches and ATMs • Lower quality online banking
  5. 5. Why Do I need a Bank Account? • To transfer money from your home country • To receive money (scholarship, pay from work, etc) • To pay for expenses • More secure than carrying around cash
  6. 6. Types of Accounts Chequing Savings US Account • Most commonly used • All debit transactions • Withdraw from ATM • Pay bills online • Send money • Issue cheques • Generates no interest • Separate account for a different purpose • Generates more interest • For people who do a lot of transactions in US dollars
  7. 7. Transactional Information Cash Access Pay Bills Cheque Cashing • In branch • ATM • Third party merchants • There are limits! • Online banking • In branch • Directly with the company • Automatic pre- authorized payments • Holding policy * Plan big purchases in advance!
  8. 8. Online & Mobile Banking • Manage accounts • Pay tuition, utilities • Send money • Check transaction history • Text / app banking • Banking on the go • 24/7 access
  9. 9. Debit Card • Key to your banking • PIN security to identify you • Withdraw cash from ABM • Pay for purchases directly – instant debit from account • Online/mobile banking Limited online purchase capability
  10. 10. Credit Card • Helps you establish credit history • Pre-set credit limit • Amount spent accumulates, paid off once a month • Online purchasing • Emergency cash withdraw with interest charges * difficult for international students to get a credit card
  11. 11. Potential Fees & Charges • Withdrawing cash from other banks’ ATM • Withdrawing or debiting your Savings account directly • Non-Sufficient Funds (NSF) • Going over monthly debit transactions allowed • Paper statements* • Monthly maintenance fees
  12. 12. Next: How to Setup an Account 1.Go to a bank branch nearby 2.Bring Passport, Study Permit, Proof of Address 3.Make an appointment…and that’s it! 1783 West Mall, Vancouver, BC V6T 1Z2
  13. 13. Questions about Banks?
  14. 14. Cell Phones
  15. 15. Outline • Cell Phones Overview • Available Plan Options • Approximate Price Ranges • How to Set-up
  16. 16. Cell Phones in Canada • Why so expensive? • ‘Local’ vs. ‘long-distance’ (not just about area codes!) The Big 3 Companies Independent Providers
  17. 17. Contract vs. No Contract Pros • Reduced price on the handset • Usually more options for plans available • Options for family package at reduced cost Cons • Expensive penalty when terminating • Significant financial commitment • May not be able to change your handset
  18. 18. Contract vs. No Contract Pros • Switch providers or stop using at any time • Buy a phone with no obligations or costs • Prepaid – control how much you want to spend, no surprises. Cons • Cost per minute more expensive • Pay upfront for cellphone • Fewer plans • Prepaid – minutes expire, need to top-up
  19. 19. Price Overview Free High Cost/ Max Options Med Cost Low Cost/ Few Options
  20. 20. Available Plan Options Provider Voice only Voice and text Voice, text and data Everything Low Cost 30 cents/min (pay-as-you-go) $20-$30 $30-$40 $40+ Med Cost prepaid / pay-as-you-go (monthly fees apply) $25-$50 $35-$75 $75+ High Cost prepaid / pay-as-you-go (monthly fees apply) $25-$35 $45-$80 $80+
  21. 21. Things to Ask at the Phone Shop  Trial Period  Data and Messaging Services  In plan vs. unlimited minutes  International Text  Upgrade, Family / couple options  Start of school year promotions in September  SIM card transferability
  22. 22. Things to Ask at the Phone Shop • Bottom line – what do you finally pay? • Policies on Terminating Contracts • Hidden fees, System Access Fees • Over-usage fees • Data limits • Roaming charges
  23. 23. Want More Details?
  24. 24. Questions?

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