NEWCOMERS
Up to 3 years with no monthly fees
No commitment: you can close your account at any time, with no penalties
Eligible from your country or when arriving in Canada. See conditions ↓
Offer valid for 5 years
following your arrival
Easily open your account
from your country
New Mastercard®
without a credit history4
400 branches
to help you get settled
Details about the offer
Year 1
Banking package with no flat monthly fees
Save $15.95/month
- Chequing account
- Unlimited online transactions
- Access to financing (credit cards3, mortgage or car loan, etc.)
Additional advantages
- First order of cheques free
- Small safety deposit box offered
- Exclusive and free phone support service2
Years 2 and 3
Banking package with no flat monthly fee
Save $15.95/month by signing up to the following products and services:
- Personal credit card
- Online bank statements
- Electronic pay deposit or online payment of 2 bills per month7
Year 2
50% DISCOUNT on your banking package
(flat fee of $7.98/month)
Year 3
25% DISCOUNT on your banking package
(flat fee of $11.96/month)
How to take advantage of the offer for newcomers
Open an account online
- Apply to open a bank account online from your country or upon your arrival in Canada.
- Once you receive your confirmation email, you have three months to schedule an in-branch appointment to finalize your account opening.
Meet with an advisor
- Meet with an advisor once you arrive to activate your account and pick up your debit card.
- Take advantage during your appointment to sign up for other products and services for newcomers, such as:
- Access to a Mastercard credit card without a credit history
- A High Interest Savings Account
- Access to car and mortgage loans5
Ready to apply for the package? Start by opening an account.
Why choose National Bank?
Accessible
Access our services in 400 branches or 3,330 ABMs across Canada6.
Digital
Simplify your banking operations thanks to our easy-to-use features.
Always more savings
Put extra money aside by using your monthly discount to save up to $700 over 3 years.
Your credit in Canada
Receive a Canadian Mastercard® credit card without a credit history.
Our exclusive assistance service
Do you have questions about settling in Canada, your finances, housing, etc.? Contact our assistance service for newcomers2, we can help.
Our International Transfer service
Need to send money abroad? Simply use our feature, International Transfer by Mastercard® and Interac®.
Little details that matter
The promotional offer is valid from August 16 to December 13, 2021 (the "promotional period").
This offer is intended for anyone who does not have a National Bank chequing account.
The offer may be modified, extended or withdrawn without prior notice at any time. You must have reached the age of majority when you open your chequing account. Employees of National Bank and its subsidiaries and entities are not eligible.
The offer may not be combined or used with any other offer, promotion or benefit applicable to National Bank chequing accounts and banking packages and cannot be applied retroactively. There is a limit of one cashback per eligible product during this promotion. Clients cannot benefit from the offer more than once. Only the primary account holder is eligible for the offer. Joint account holders who open a new account are not eligible for this offer.
Eligible products
To be eligible for the offer, you must open a new chequing account linked to one of the eligible banking packages or offers described below and meet the conditions of the offer.
Eligible products |
Cashback offer |
|
$300 |
Conditions of the $300 cashback offer:
To obtain a $300 cashback, you must open a chequing account with an eligible banking package or offer during the promotional period, then meet 2 of the following 3 conditions:
- Carry out one bill payment of $50 or more via National Bank online.
- Set up a recurring automated direct deposit (salary or monthly pension).
- Set up a recurring pre-authorized payment on your National Bank mortgage from a National Bank account.
After the chequing account is opened, you have 60 days to meet all cashback offer conditions.
Timeframe for obtaining the cashback
If you meet the offer conditions, the cashback will be deposited into your new National Bank chequing account within 120 days of the account being opened.
Commitment
To be granted the cashback, you must maintain the eligible products and services and not make any changes related to these products and services for a minimum of 12 months from the time you open the chequing account. If you do not meet this condition, you will have to refund National Bank an amount corresponding to the period in which you did not keep your eligible products and services, within 30 days of receiving the request for payment.
Clients who have benefitted from a cashback offer on a chequing account November 1, 2018 are not eligible for this offer.
® THE CONNECTED and THE TOTAL are registered trademarks of National Bank of Canada.
- Be a newcomer 17 years of age or older
- Apply to open an account from another country or within 5 years of arriving in Canada
- Be the only user of the account
Baseline savings of $334.92 over three years
Save a minimum of $334.92 over three years if you meet the following conditions :
- Visit a branch to open a bank account
- Sign up for our offer for newcomers
Savings of $334.92 based on:
- First year: no flat monthly fee (savings of $15.95/month for 12 months)
- Second year: flat monthly fee of $7.98 instead of $15.95 (savings of $7.97/month for 12 months)
- Third year: flat monthly fee of $11.96 instead of $15.95 (savings of $3.99/month for 12 months)
The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year. To be eligible for savings, you must commit to keeping the account and package for a minimum of 36 months. You will receive no further discounts if the products are cancelled.
Maximum savings of $700.02 over three years
Save up to $700.02 over three years if you meet the following conditions:
- Visit a branch to open a bank account
- Sign up for our offer for newcomers
- During the first year after signing up the offer for newcomers to Canada:
- Apply for and activate an eligible National Bank Mastercard personal credit card
- Sign up for eStatements
- Apply for and activate an eligible National Bank Mastercard personal credit card
- During the second and third year after signing up the offer for newcomers to Canada:
- Set up salary deposits to your National Bank account and have your pay deposited at least once a month or
- Make at least two electronic bill payments7 from your National Bank account every month.
Savings of $700.02 over three years based on:
- No flat monthly fee for our banking package for newcomers for three years ($15.95/month for 36 months)
- First order of cheques free ($56.83/order)
- Small safety deposit box rent-free for the first year ($68.99/year)
The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year.
Note on savings
To enjoy the full savings, you must keep the products and services and carry out all required transactions for a minimum of 36 months, unless otherwise indicated. If you fail to meet the conditions of the offer, your savings will be lower. Your savings will be lower if you do not order cheques or rent a safety deposit box.
If during a given month, you keep your bank account and banking package, but do not keep all of the other products and services indicated or do not carry out all of the required transactions (e.g. only one electronic bill payment per month instead of two), you will be charged National Bank's service fee for that month. The service fee will be $7.98 monthly the second year and $11.96 the third. You will still enjoy monthly savings of $7.97 during the second year and $3.99 during the third.
Finally, if you no longer hold a bank account or banking package for newcomers, you will no longer be eligible for savings.
™ National Bank Assistance Network is a trademark of National Bank of Canada, used under licence by authorized third parties.
® Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.
® THE EXCHANGE is a registered trademark of Fiserv Inc.
1. Our banking offer for newcomers is available to immigrants who have been living in Canada for less than 5 years. See the Details and conditions of the offer for the full terms and conditions. The offer may be modified, extended or withdrawn, without prior notice, at any time. The offer may not be combined or used with any other National Bank offer, promotion or benefit. Fees may apply for transactions not included in the banking offer for newcomers. For more information on transaction fees, see our Guide to Personal Banking Solutions [PDF].
2. Telephone assistance service offered by National Bank Assistance Network, valid for 12 months from your account opening date. The content of the packages and terms described are subject to change.
3. Financing subject to credit approval by National Bank. Certain conditions apply. Eligible credit cards:mycredit, MC1, Allure, Syncro, Platinum, ECHO Cashback, World and World Elite.
4. Security may be required under certain circumstances.
5. Financing subject to credit approval by National Bank. Certain conditions apply.
6. National Bank ABMs or ABMs in THE EXCHANGEMD network
7. Eligible electronic payments: payments made via ABMs, pre-authorized debits and digital banking solutions (including payments through National Bank online or the National Bank mobile app).
Ready to apply for the package?
Open a bank account online at any time or meet with an advisor once you arrive in Canada.
