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Home / Travel Resources / Travel Advice / Banking and Currency

Banking and Currency


Banking hours are generally from 10:00 a.m. to 4:00 p.m., Monday to Friday; some banks are now open on Saturday and Sundays.  ATMs (automated teller machines) are found at banks and in retail areas.

Canadian Currency Exchange

The monetary system in Canada is based on dollars and cents. To avoid exchange problems, visitors are urged to exchange their funds to Canadian dollars at a bank or a foreign currency exchange outlet where they will receive the current rate of exchange.

Credit and Debit Cards

Interac, Visa, MasterCard and American Express are widely accepted in Canada. You can use any major bank debit card at any ATM showing the Interac logo.The majority of businesses accept debit card payments as well as crediChipandPint cards.         

Chip and Pin Technology

The Chip and Pin system is used throughout Canada for a higher degree of security.  Retailers and accommodations will still be able to use the old magnetic strip until December 31, 2015.

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