Banking in Canada is reliable and convenient, though not always free. With some research, you can find out which are the best bank accounts for you.
It’s becoming more common to offer free banking for your first year, so shop around and don’t be afraid to say you will bring your business elsewhere.
Before you decide which are the best bank accounts for you, take into consideration which branches are convenient to your home and place of work, and what their opening hours are.
International money transfers to your new account
First things first: you’ll (hopefully!) have some money you’ll be looking to transfer into your new account.
You can learn more about them, and your other options, in our international money transfer guide.
Which are the best bank accounts in Canada for me?
The main banks (RBC, BMO, TD, CIBC, and Scotiabank) have programs for newcomers. These come with special newcomer incentives, so be sure to look into them.
The Scotiabank StartRight® Program allows you to open a bank account, and transfer up to $50,000 into it, before you arrive in Canada.
For those living and working in Canada, you’ll receive a $100 bonus when you open an eligible account. You can also avail of a variety of products and services tailored to newcomers
Click the banner below for full terms and conditions, and to learn more.