Banking
As a new faculty member, you may have questions about banking and financial matters. This is particularly true if you are coming from outside Canada. To ensure that faculty members joining the University of Toronto have as smooth a transition as possible, the university has arranged for comprehensive and highly personalized banking services.
While CIBC and BMO offer programs for U of T faculty, you are welcome to choose to bank with any financial institution of their choice.
Canadian Imperial Bank of Commerce (CIBC)
Among the features available through the CIBC program are:
- Begin the process of opening bank accounts prior to arrival
- Transfer of funds from outside the country and conversion to Canadian currency
- Competitive loan rates for personal and new car loans
- Visa credit card applications (subject to approval) and debit cards
- Lines of credit
- Access to electronic banking services
- Investment and retirement planning
Newly appointed faculty can take advantage of this arrangement with the CIBC Main Branch Commerce Court West, 199 Bay St. by contacting our CIBC Financial Advisors
- John Paul Diosdado at 416-980-7777 ext 244 / Johnpaul.diosdado@cibc.com or
- Chandra Singh at 416-980-7777 ext 210 / ChandraTransit2.Singh@cibc.com or
- Drita Ameti at 416-980-7777 ext 321 / Drita.Ameti@cibc.com
To help ensure a smooth transition, the University of Toronto offers access to the BMO Bank at Work Program through the Bank of Montreal (BMO). This program provides exclusive banking offers, preferred rates, and financial wellness resources tailored to employees.
Features available through the BMO Bank at Work Program
How to Enroll
Newly appointed faculty can learn more about the BMO Bank at Work Program and enroll online using the dedicated registration link provided through the University’s relocation resources, or by contacting a BMO representative directly. For more information and to apply, please visit the BMO Bank at Work registration page.