Opening a Beacon Money Account
Creating an account with Beacon is simple and takes less than 10 minutes. We’ve streamlined the process into a few easy steps, and you can also follow along with this step-by-step video guide.
Step 1: Download the App
Get the My Beacon app from the Google Play Store or Apple App Store.
Step 2: Verify Your Email
Enter your email address and check your inbox for a verification code. Enter the code in the app to continue.
Step 3: Open Your Account
Navigate to the Beacon Money icon and tap Get Started.
Step 4: Complete a Questionnaire
Answer a few quick questions about your name, residency, and employment status.
Step 5: Verify Your Phone Number
Enter your mobile number and confirm it with the code sent by text.
Step 6: Upload Identification Documents
Provide photos of your ID for verification.
You can use a Canadian government-issued ID, or
A foreign passport with a valid study/work permit or visa stamp.
For details on acceptable documents, please see this article: What documents are required to open a Beacon Money account?
Step 7: Take a Selfie
Capture a selfie to complete your profile.
What Happens Next?
Once you’ve submitted your information, our system will review your application. In most cases, verification is completed within 5 minutes, and approvals are often instant. Some applications may require additional checks, in which case you’ll typically hear back from us within a few hours.
Need Help?
If you have any questions or run into issues, our friendly customer support team is here to help make the process smooth and stress-free.