PC Financial will not open your account if you don't have a credit history in Canada for a year or so.

Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

wisernow,

I do agree with you. However, I thought some members would have the answer and save me the trouble of enquiring from the bank.

Anyways, I think biomed has already answered that query. I will enquire from ICICI Bank to find out more about this.

Thanks and regards,

Ayaskant.

Quote:

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Orginally posted by biomed

PC Financial will not open your account if you don't have a credit history in Canada for a year or so.

Thanks and regards.
Biomed

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Success

To laugh often and much;
To win the respect of intelligent people and the affection of children;
To earn the appreciation of honest critics and endure the betrayal of false friends;
To appreciate beauty, to find the best in others;
To leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition;
To know even one life has breathed easier because you have lived.
This is to have succeeded. Bessie Stanley

Ayaskant

Using the existing credit card account after converting it to international may be impractical as your purchases (in Canadian dollars) would be converted to rupees, and you would have to make payments in rupees as well.

Also not sure about whether India's forex regulations (now FEMA?) would affect spending on the card. Besides, ICICI would not report your India-issued card to credit rating agencies and therefore you would not get a credit history in Canada with that card.

Cheers

crenshaw,

Thanks for the information. I guess, I will have to enquire with ICICI Bank about this and open a new account for Canada when the need arises.




Ayaskant.

Quote:

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Orginally posted by crenshaw

Ayaskant

Using the existing credit card account after converting it to international may be impractical as your purchases (in Canadian dollars) would be converted to rupees, and you would have to make payments in rupees as well.

Also not sure about whether India's forex regulations (now FEMA?) would affect spending on the card. Besides, ICICI would not report your India-issued card to credit rating agencies and therefore you would not get a credit history in Canada with that card.

Cheers

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Success

To laugh often and much;
To win the respect of intelligent people and the affection of children;
To earn the appreciation of honest critics and endure the betrayal of false friends;
To appreciate beauty, to find the best in others;
To leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition;
To know even one life has breathed easier because you have lived.
This is to have succeeded. Bessie Stanley

Has anyone used the ICICI Bank Newcomer's account ?
Does depositing money in this account prior to moving into Canada count as proof of funds ? ICICI Bank in India says they will give a letter issued by ICICI Canada with the details of the account and and the funds.
Would that be enuf as proof of funds at the time of landing ?

Would really appreciate any advice on this.

Dhiren

Quote:

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Orginally posted by desiman3


Has anyone used the ICICI Bank Newcomer's account ?
Does depositing money in this account prior to moving into Canada count as proof of funds ? ICICI Bank in India says they will give a letter issued by ICICI Canada with the details of the account and and the funds.
Would that be enuf as proof of funds at the time of landing ?

Would really appreciate any advice on this.

Dhiren

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

I had no problem. I came in 2004 with ICICI bank canada's account statement.
Best luck.