Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
Banks
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Habib Canadian Bank

Finanso.Multilogin™

About bank

Habib Canadian Bank is a wholly owned subsidiary of Habib Bank AG Zurich founded in 2001 in Mississauga. The bank provides both personal and commercial banking products and services.

Features

Habib Canadian Bank offers a selection of services to support business clients with international operations. The bank also has the Student Direct Stream GIC Program to support students from the Caribbean, Central and South American countries enrolled in Canadian educational institutions.

Habib Canadian Bank is a member of the Canadian Deposit Insurance Corporation.

Pros and cons

Habib Canadian Bank has certain advantages:

  • Operation in all Canadian provinces
  • Insurance coverage of eligible deposits by CDIC
  • An opportunity to apply for bank accounts and GICs online
  • Online and mobile banking options to manage your finances whenever it is convenient for you

Still, there are some disadvantages to be aware of:

  • The lack of certain banking products like chequing accounts, credit cards, and investment products
  • The limited choice of business products and services

Products

Habib Canadian Bank offers the following products:

  • Guaranteed Investment Certificates (GICs) ensuring security to principal investment and providing a guaranteed return at rates ranging from 2.00% to 4.00% depending on the term, with the minimum deposit of $2,000;
  • Hi-Rate Savings Plus accounts with a minimum balance of $2,000 and a 3-year new funds promotions interest rate of 4.00%;
  • Registered Retirement Savings Plans (RRSPs) allowing to grow your retirement savings tax-free at interest rates ranging from 2.00% to 4.00% depending on the term;

  • Tax-Free Savings Accounts (TFSAs) to save for any of your goals tax-free and make tax-deductible withdrawals, with the interest rates ranging from 2.00% to 4.00% depending on the term and the minimum deposit of $2,000;
  • Residential mortgages with up to 5-year terms and up to 25-year amortization providing up to 75% of the property value in the financing at either a fixed or variable interest rate;
  • Secured personal lines of credit with flexible payment terms, re-borrowing options, and requirements toward collateral — use either cash balance in your term deposit account or the value of your property to secure your credit;
  • Student Direct Stream GIC Program providing proof of funds required by Immigration, Refugees, and Citizenship Canada guidelines and helping international students cover their education-related expenses.

Services

Business owners can reach out to Habib Canadian Bank for a range of trade finance services, including:

  • Post-shipment financing — loans for exporters after the shipment of goods to meet their working capital requirements;
  • Issuing documentary letters of credit to assure that an exporter will receive payment upon fulfillment of the terms specified in the letter of credit;
  • Documentary collection services to facilitate international trade payments and reduce transaction costs;
  • Financing upon documentary collection to increase the working capital of the business;
  • Import financing to improve cash flow during the periods between paying suppliers and receiving payment from buyers;
  • Invoice financing to get immediate cash flow based on what your customers owe to your business;
  • Pre-shipment financing to get working capital upon receiving a confirmed order from a buyer;
  • Bank guarantees and bonds to assure your business partners of your ability to fulfill contractual and payment obligations.

FAQ

Who owns Habib Canadian Bank?

Habib Bank AG Zurich, a Swiss multinational commercial bank, owns and operates Habib Canadian Bank.

Is Habib Canadian Bank legitimate?

Habib Canadian Bank is a registered legal entity registered with Business Entity Data B.V. It has the following LEI: 549300G6DE5CLEBNZG48. 

The head office of Habib Canadian Bank is at 918 Dundas Street East, Suite 1-B, Mississauga, Ontario, L4Y 4H9, Canada.

What are the Habib Canadian Bank branch business hours?

The Habib Canadian Bank branches work Monday to Friday from 9:30 a.m. to 4:30 p.m.

You can get in touch with the Habib Canadian Bank representatives by the following channels:

You can also schedule an appointment by filling in the form on the “Contact” page of the Habib Canadian Bank website.

Company documents

Privacy Notice
GENERAL SCHEDULE
Customer Complaint Handling Process
HCB’s voluntary codes
Customer Complaint Handling Process
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Habib Canadian Bank’s reviews by October 2022
Leave feedback

Similar companies

Simplii Financial
161 Bay St., Toronto, ON M5J 2S8
1-888-723-8881
Walmart Canada Bank
1940 Argentia Road, Mississauga, ON L5N 1P9
1-888-331-6133
Versabank
140 Fullarton Street, Suite 2002, Talbot Centre, London
866-274-5898
UNI Coopération financière
295, Boul. Saint-Pierre Ouest, Caraquet
506-726-4000
Toronto-Dominion Bank
License No. 22-120206
79 Wellington St W, Toronto, ON M5J 2Z9
1-800-430-6095