Financial Tools
Set Up Your Finances in Canada
Compare newcomer bank accounts, learn how to build credit from zero, and find the cheapest ways to send money home.
Monthly Fee
$4.00–$16.95
Free Period
Up to 3 years
Savings Rate
0.05%
1-yr GIC
3.75%
RBC Newcomer Advantage — no monthly fee for up to 3 years on select chequing accounts
Monthly Fee
$0–$16.95
Free Period
6 months
Savings Rate
0.01%
1-yr GIC
3.50%
TD New to Canada — no monthly fee for up to 6 months, credit card with no Canadian history
Monthly Fee
$4.00–$16.95
Free Period
12 months
Savings Rate
0.01%
1-yr GIC
3.65%
BMO NewStart — no monthly fee for 1 year, unsecured credit card, and savings bonus
Monthly Fee
$3.95–$16.95
Free Period
12 months
Savings Rate
0.01%
1-yr GIC
3.80%
StartRight Program — no monthly fee for 1 year, credit card, Scene+ rewards
Monthly Fee
$4.00–$16.95
Free Period
12 months
Savings Rate
0.01%
1-yr GIC
3.70%
CIBC Smart for Newcomers — no monthly fee for 1 year, credit card, and bonus
Monthly Fee
$3.95-$16.95
Free Period
3 years
Savings Rate
0.01%
1-yr GIC
3.85%
National Bank Newcomer Package: no monthly fee for 3 years, unsecured credit card, and welcome bonus
Monthly Fee
$0
Free Period
Always free
Savings Rate
4.00% (promo)
1-yr GIC
3.80%
No-fee banking for everyone — no special newcomer package needed
Monthly Fee
$0
Free Period
Always free
Savings Rate
4.50% (promo)
1-yr GIC
4.00%
No-fee accounts with sign-up bonus — no Canadian credit history required for savings
Monthly Fee
$0
Free Period
Always free
Savings Rate
2.75%
1-yr GIC
4.10%
High-interest savings with everyday banking — competitive rates and free transfers
Monthly Fee
$0
Free Period
Always free
Savings Rate
3.50%
1-yr GIC
N/A
All-in-one finance app — investing, saving, spending, and crypto
Monthly Fee
$0
Free Period
Always free
Savings Rate
2.25%
1-yr GIC
N/A
High-interest savings and cashback — built for Canadians wanting more from their bank
Information is for general guidance only and may change. Always verify current rates, fees, and eligibility directly with each institution. Last updated February 2026.