Can I open a Canadian bank account without a Canadian address?
Yes, many banks now offer the ability to open commercial or current accounts online to facilitate business operations, such as 24/7 digital fund transfers and SMS alerts. The specific process for opening a commercial account online varies by institution; while some offer a fully digital experience, others may require you to submit an online request and then follow up with a representative or visit a branch to provide physical copies of business formation documents, ownership records, and authorized signatory details. It is recommended that you check the official website of the bank you are interested in to see if they support a "paperless" current account opening process for your specific business structure.
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The companies merged, but it was not a simple buyout of one by the other. Synnex Corporation and Tech Data Corporation completed a merger in September 2021 to form a new, combined entity called TD SYNNEX.