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The trans community and banking in Canada: A call-to-arms for reform
Rounding it up
Financial institutions often add a layer of complication for trans folx who are already making a huge decision in their lives.
For example, it costs $137 to legally change your name in Canada, which can be an exorbitant cost for those living paycheque to paycheque.
Changing your name also means you’ll have to either drop the credit history under your assigned name, or give creditors access to private information about your identity.
In light of these barriers, many have opted for neo-banks with more flexible policies. But there is still room for our financial ecosystem to better support our trans community.
Laura Inostroza
A queer person working in Tech, Laura brings a blend of empathy and education in psychology to her life as a Support professional. As someone who takes the role of thought-leader whenever possible, Laura works in the accessibility space and maintains a passion for diversity, equity and inclusion.
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