Information Center
Find out more about Habib Canadian Bank, the services we offer, and other useful information.
What is CRS and FATCA?
The Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) are international regulations that require financial institutions to report specific financial account information to tax authorities. These regulations ensure transparency and compliance for international account holders.
How Does Habib Canadian Bank Ensure Compliance?
- CRS: Under the CRS, we report information on accounts held by non-resident individuals and entities to their local tax authorities
- FATCA: As part of FATCA, we disclose information on accounts held by U.S. taxpayers to the IRS, ensuring full compliance with international tax laws
Your Responsibilities as an Account Holder
If you are a non-resident or U.S. citizen holding accounts with Habib Canadian Bank, you may need to provide additional documentation. Our team will guide you through the process to ensure seamless compliance with CRS and FATCA requirements.
How Can I Open an Account at Habib Canadian Bank?
Opening an account with us is simple. You can start the process online by filling out our new account application form or visit one of our branches with the required documents (government-issued ID, proof of address, etc.). To Apply, visit our New Account Application Page.
What Documents Are Required to Open a Business Account?
For business accounts, additional documentation such as business registration papers and financial statements may be required.
What Documents Are Required to Open a Personal Account?
For personal accounts, you will need a valid government-issued ID (passport, driver’s license) and proof of address (utility bill, bank statement).
Can I Open an Account if I am Not a Canadian Resident?
Yes, non-residents can open accounts at Habib Canadian Bank. Specific documentation will be required based on your residency status. Please contact us for more information on non-resident account services.
How Do I Apply for a Personal Loan?
You can apply for a personal loan online through our website or by visiting your nearest branch for in-person assistance. We offer competitive rates and flexible repayment options based on your needs.
What Factors Do You Consider When Approving A Loan Application?
Loan approvals are based on several factors, including your credit score, income level, debt-to-income ratio, and overall financial profile. We also consider the purpose of the loan and your repayment ability.
How Long Does it Take to Receive a Decision on My Loan Application?
Loan decisions are typically made within one to three business days after receiving all the necessary documents. You will be notified by email or phone once a decision has been made.
How Do I Sign Up For Online Banking?
You can register for online banking by visiting our Online Banking Registration Page. Once registered, you will receive secure login credentials to access your account online.
What Services Are Available Through Online Banking?
Our online banking platform allows you to:
- View account balances and transaction history
- Transfer funds between accounts or to third parties
- Pay bills and set up recurring payments
- Access e-statements
- Manage and update your account settings
What Should I Do If I Forget My Online Banking Password?
If you have forgotten your password, click on the “Forgot Password” link on the login page. Follow the instructions to reset your password securely. If you need further assistance, you can contact our support team.
How Do I Update My Contact Information Or Address?
You can update your contact details through your online banking portal or by visiting one of our branches with valid identification.
How Do I Ensure My Online Banking Is Secure?
At Habib Canadian Bank, we use advanced encryption and multi-factor authentication to protect your online accounts. To further safeguard your information, always use strong passwords, avoid accessing your account on public Wi-Fi, and monitor your account for any suspicious activity.
