Program · Federal
Newcomer bank packages
All major Canadian banks offer newcomer chequing accounts with no monthly fee for 6–12 months, free international transfers, and a secured or newcomer credit card bundled in.
Eligibility
- Permanent Resident, work permit holder, study permit holder, or refugee claimant
- Most banks: within 5 years of becoming a Canadian resident
- Canadian address and government-issued ID
Limits and rules
- Fees waived typically 6–12 months; compare post-promo monthly fees
- Free international wire transfers usually 1 per month during promo period
- Bundled credit card often starts secured ($500–$1,000 deposit) or small-limit unsecured