NEWCOMERS
Open a bank account in Canada
Take action upon your arrival in Canada today
Available at any point during your first 5 years in Canada
Take advantage of this offer for newcomers
- Access to a team 7 days a week to answer your immigration questions
- Exclusive advice for one year on housing, jobs, healthcare and more
- Offer valid for the next 5 years after your arrival to Canada
- Chequing account with no fixed monthly fee for up to 3 years
- Access to a Canadian National Bank Mastercard credit card without credit history6
New to Canada? Here are 3 reasons to sign up with us
Speak to an expert advisor who can help you
Accounts, credit cards 2, loans, mortgages and much more: our advisors are there to help you every step of the way with detailed information about all of the products and services at your disposal.
Get financial products tailored to your needs
Whether you’re saving for your education, trying to buy a car, or even a house, you could get personalized financing solutions based on your situation.
Take advantage of countless Mastercard credit card benefits
Let's find the National Bank Mastercard credit card that best suits you. Some cards 2 even offer cashback or rewards points that you can use to treat yourself.
A distinguished customer experience
82% of our clients who are new to Canada say that they recommend National Bank.
Internal study on newcomers - 2020
« I recommended National Bank because they are very welcoming to immigrants and have great customer service »
- Marine, arrived in Canada in 2015
We got 4.79 stars for our service on PVTistes.net.
January 2022
The offer for newcomers in detail
The newcomer offer is designed for international students, non-residents, people with work permits, refugees and asylum seekers.
Years 2 and 3
Option 1 – By signing up to the following products and services
Save $15.95/month for 2 years by subscribing to these products and services:
- National Bank Mastercard personal credit card
- Online bank statement
- Payroll deposit or electronic payment of 2 bills per month 4
Option 2 - Without signing up to the following products and services
Get a discount on your banking package, without subscribing to a product or service:
-
Year 2
50% OFF your banking package (pay only $7.98/month in fixed fees) -
Year 3
25% OFF your banking package (pay only $11.96/month in fixed fees)
How do I take advantage of this offer for newcomers?
Note that you can open your bank account as soon as you arrive in Canada or within 5 years of your arrival. You have to be at least 18 years old, and the only user of the account. Here's how to sign up for the offer:
Open an account online
Open your account online as soon as you arrive in Canada by filling out the application. You’ll need to have a valid passport from a country other than Canada or a Canadian permanent resident card, and a Canadian phone number.
Receive your confirmation email
Within a couple of days of your request, you’ll receive a confirmation email with your account information. You’ll also receive a series of welcome emails to help you out as a new client. Now that your account is open, your debit card will be mailed to you.
Ready to take advantage of this offer? Start by opening an account.
Why choose National Bank?
Digital solutions
Simplify your banking with convenient features like mobile cheque deposits.
Your credit in Canada
Get your National Bank Canadian Mastercard credit card with no credit history5.
Exclusive support service
Get answers about your move to Canada, housing and more with our phone support service3.
International transfer services
Need to send money abroad? It's easier than ever with Mastercard® and Interac® international transfers.
Always room for more savings
Use your monthly discount to put some money aside for future projects. You could save up to $700 over 3 years.
A network of over 350 branches
Come visit us at one of our over 350 branches, or access one of our nearly 2,800 ABMs across Canada.7
Our award-winning credit card!
2023
Best Credit Card
for Newcomers*
Little details that matter
- Be a newcomer 18 years of age or older
- Apply to open an account from your home country up to 90 days before you arrive in Canada, or within 5 years of your arrival
- 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 payments 7 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.
mycredit: National Bank's Mastercard® mycredit® credit card won the 2022 Milesopedia Award for Best Credit Card in Canada for Newcomers. The ranking is based on an analysis of nearly 200 credit cards offered to Canadians based on their overall features and cardholder opinions on their experiences with these products.
TM 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.
- Our banking offer is available to newcomers from their home countries up to 90 days before arriving in Canada or at any point during your first 5 years in Canada. 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].
- 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.
- 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.
- Eligible electronic payments: payments made via ABMs, pre-authorized debits, and online banking solutions (including making payments through your online bank or the National Bank mobile app).
- Security may be required under certain circumstances.
- Financing subject to credit approval by National Bank. Certain conditions apply.
- National Bank ABMs or ABMs in THE EXCHANGEᴹᴰ network. Use all our ABM features in six languages (French, English, Spanish, Traditional Chinese, Punjabi, and Arabic).
Contact us for personalized support
Does our offer for newcomers interest you?
Open a bank account online up to 90 days before your arrival in Canada, or speak to us in person.
Chat with us
Get information quickly with the help of our Facebook Messenger chat option.
Need in-depth advice?
Visit us at one of our branches, or call us, and we’ll be happy to answer all your questions.
Ready to apply for the package?
Open a bank account online at any time or meet with an advisor once you arrive in Canada.
