The trans community and banking in Canada

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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.

6 min read

Laura Inostroza
#trans community#banking#discrimination#LGBTQ+

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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