PRE-ARRIVAL

Oumarou feels excited. He wants to bring funds to Canada securely.

Situation:

• Oumarou gets a money order or bank draft to cover first month’s rent.

Barriers:

• Ineligible for any Canadian credit products.

• Must rely on Cameroon bank accounts and credit cards.

Opportunities for financial institutions:

• Introduce bank products tailored to newcomers with temporary SIN.

• Provide financial literacy training to newcomers, including non-PRs.