Promotion: Earn up to $600 cashback when you open an account for newcomers and meet certain criteria.†
${p3.urlBoiteLoginNA|link:"Open an account":"btn btnRTE3 modal-token index-p3"} Review checklist of required documents
†Promotion valid until May 5, 2026.
Adding certain products, services and transactions is required. Review the complete conditions.
On this page
Benefits | $600 promotion | Open an account | No fixed fees for up to 3 years | More benefits | Awards
Kickstart your Canadian projects with exclusive benefits when you open an account for newcomers.
Keep your money in your pocket by saving on monthly fees for up to 3 years.
Get 12 months of free legal advice through our partner FBA Solutions. 2 Speak with a lawyer for answers to your everyday questions on topics like immigration, housing, education and more.
Send transfers to 19 European Union countries, India, the Philippines, and more. 3
${p3.urlBoiteLoginNA|link:"Open your account":"btn btnRTE3 modal-token index-p3"}
Start your life in Canada by taking advantage of our welcome offer: A bank account that allows you to earn up to $600 cashback. Here’s how to get the most out of it.
To take advantage of your newcomer bank account at $0/month 1 (no fixed fees) for up to 3 years and other exclusive benefits, follow the steps below based on your situation.
You’re eligible to open a newcomer bank account if you:
Open your account online
If you've arrived in Canada in the past 5 years, fill out our online application form in less than 5 minutes.
Receive your debit card and enjoy your benefits
Once your account is open, you’ll receive an email with your account information. Your debit card will then be mailed to you.
Fill out our online form
It’s quick and secure. In just 5 minutes, complete the first step of opening your account. You can do this now and up to 90 days before your arrival in Canada.
Check your email
Within a few days, you’ll receive an email confirming your request. Keep it in a safe place.
Once your account is open, you can transfer money to it and start using it when you arrive*.
Make an appointment when you arrive
Once in Canada, simply book an appointment at a branch to finalize the opening of your account and receive your debit card.
Year 1
Get started with no monthly fees
As soon as you arrive, enjoy all the benefits we offer, without any fixed monthly fees.1
Years 2 and 3
Keep your account free by meeting certain conditions*
Maintain a minimum daily balance of $4,500 in your account
OR
Sign up for the following three products and services:
Year 4
Automatically switch to The Connected
After your newcomer offer ends, your account
automatically switches to The
Connected® package, which lets you reduce or
even eliminate your monthly fees.
2026
National Bank of Canada received the award for "Best Bank Account" for newcomers to Quebec by Milesopedia in 2025 and 2026*.
2025
National Bank of Canada has been named best bank for newcomers to Canada for 2025 by MoneySense, for the third year in a row*.
A good start makes all the difference
Don’t miss out on the benefits of a newcomer account. Start saving today.
${p3.urlBoiteLoginNA|link:"Open an account online":"btn btnRTE3 modal-token index-p3"}
Promotion period:
November 5, 2025 to May 5, 2026
Promotion Description
Up to $600 cashback after opening a chequing account and adding certain products or services, or carrying out certain transactions in the new account listed in the following section:
Eligibility requirements
PRODUCTS, SERVICES OR TRANSACTIONS |
CONDITIONS |
|
|---|---|---|
New National Bank chequing account with an eligible package/offer, online services, and activation of an automatic deposit |
During the promotion period, open your first chequing account as the main account holder with the help of a National Bank branch advisor and sign up for one of the following:
* As of February 26, 2026, opening your first chequing account online by signing up for the Newcomers Privilege Offer (using the redirection link available on the Newcomers Bank Account page of the bnc.ca site) also entitles you to the promotion. However, online opening is only possible for people aged 18 or over. Within 120 days of opening the chequing account and the eligible package/privilege offer, complete the following 3 steps:
3) The following transactions are excluded:
4) Receive 3 eligible automatic deposits of at least $100 each, according to the following schedule:
Eligible automated direct deposits.
Maintain this package or offer for at least 120 days after opening the new chequing account. Must not have a chequing account, CAD Progress Account, Crescendo Account®, The Strategist Account®, The Natcan Strategist Account, Special Project Savings Account, Superior Flex Line Program®, Home Improvement Line of Credit, personal line of credit, All-In-One Line of Credit®, or must not have had a National Bank High Interest Savings Account, alone or jointly in the past 36 months. All these conditions must be met to receive the following additional amounts. |
$300 (basic discount) |
Apply for a new eligible credit card |
Within 120 days of opening the chequing account and signing up for the eligible package/privilege offer, complete the following 2 steps: 1) Apply for and be approved for one of the following National Bank credit cards as the primary cardholder:
2) Complete at least 20 purchases or cash advances with the new credit card. The following transactions are excluded:
Must not have been holder/primary cardholder or authorized user of a National Bank personal credit card in the past 36 months. |
An additional $100 |
Automatic mortgage loan payment |
Within 120 days of opening the chequing account and signing up for the eligible package/offer, complete the following step: 1) Set up pre-authorized, recurring payments from the new chequing account for a National Bank mortgage. |
An additional $100 |
High Interest Savings Account |
Within 15 days of opening the chequing account and signing up for the eligible package/offer, you must:
Must not have held a National Bank High Interest Savings account alone or jointly in the past 36 months. |
An additional $100 |
Total cashback if all conditions are met |
Up to $600 |
When the cashback will be paid to your chequing account
Consult the following table for the cashback payment date, if you meet the eligibility criteria. This is based on the date the chequing account was opened.
Opening date of the new chequing account: |
Date of deposit of the cashback into the new chequing account: |
Between November 5 and November 30, 2025 |
Cashback deposited to the account by May 15, 2026 |
Between December 1 and December 31, 2025 |
Cashback deposited to the account by June 15, 2026 |
Between January 1 and January 31, 2026 |
Cashback deposited to the account by July 15, 2026 |
Between February 1 and February 28, 2026 |
Cashback deposited to the account by August 15, 2026 |
Between March 1 and March 31, 2026 |
Cashback deposited to the account by September 15, 2026 |
Between April 1 and April 30, 2026 |
Cashback deposited to the account by October 15, 2026 |
Between May 1 and May 5, 2026 |
Cashback deposited to the account by November 15, 2026 |
Other conditions:
® NATIONAL BANK, CWB, CRESCENDO, THE STRATEGIST, THE CONNECTED, THE TOTAL, SUPERIOR FLEX LINE, ALL-IN-ONE, MY CREDIT, ALLURE and ECHO are registered trademarks of National Bank of Canada.
® Interac is a registered trademark of Interac Corp. Used under licence.
® Mastercard, World Mastercard, MC1, Platinum, and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. National Bank is an authorized user.
If you are already in Canada
To complete the online application form, you will need:
If you are still in your home country and will be arriving in Canada in less than 90 days
No documents are required to complete your online form.
Three levels of savings possible on your newcomer bank account
1. Baseline savings of $334.92 over three years for the account
You’ll save if you meet the following conditions:
Savings are based on:
2. Maximum savings on the account: $574.20 over 3 years
OR
Sign up for the following three products and services before the end of the first year and maintain them until the end of the special offer:
3. Maximum total savings of the offer: $683.30 over 3 years
To reach these savings, you must meet all the conditions for maximum savings on the account (above) and take advantage of the following services:
Please note:
At the end of the third year, the Newcomer Package will automatically be migrated to The Connected® package, along with any applicable benefits. No action is required on your part. You can also browse all our packages to find the one that best suits your needs.
Only one wire transfer can be made before you arrive in Canada and it must be an inter-bank transfer. This means the transfer can’t be made through a third-party money transfer service.
To transfer funds to your new account from abroad, you must provide the following information to the sending bank (limit of one transfer before you arrive in Canada):
| SWIFT message | MT103 |
|---|---|
| SWIFT code |
BNDCCAMMINT |
| Bank code | This information is provided in the email confirming the opening of your account. |
| Branch transit and address | This information is provided in the email confirming the opening of your account. |
| Canadian account number | This information is provided in the email confirming the opening of your account. |
| SWIFT message | |
|---|---|
| MT103 | |
| SWIFT code |
|
|---|---|
| BNDCCAMMINT | |
| Bank code | |
|---|---|
| This information is provided in the email confirming the opening of your account. | |
| Branch transit and address | |
|---|---|
| This information is provided in the email confirming the opening of your account. | |
| Canadian account number | |
|---|---|
| This information is provided in the email confirming the opening of your account. | |
Please note that some associated banks may charge additional fees on the payment sent.
Refer to the Fee Guide for Personal Banking Solutions for details on applicable cases.
® NATIONAL BANK and the NATIONAL BANK logo are registered trademarks of National Bank of Canada.
® World Elite and Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
® Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under licence.
© National Bank of Canada, 2026. All rights reserved. Any reproduction, in whole or in part, is strictly prohibited without the prior written permission of National Bank of Canada.
*National Bank of Canada was named the best bank for newcomers to Canada by MoneySense in 2025, for the third year in a row. Every year, the MoneySense website establishes its annual rankings by selecting some of the largest financial institutions and comparing them in terms of fees, access to credit, and services offered to newcomers.
National Bank of Canada was also named the best bank for newcomers to Canada by the money.ca website in 2025.
National Bank of Canada received the "Best Bank Account" award for its account for newcomers to Quebec by the Milesopedia website in 2025.
1. 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 above terms and conditions of the offer for no fixed monthly fee for 3 years. 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 FBA Solutions, valid for 12 months from your account opening date. The content of the packages and terms described are subject to change.
3. The Mastercard® and Interac ® international money transfer service may take 3 to 5 business days for funds to be deposited into the recipient’s account. The service costs $5.95 per transaction, regardless of the type of account you hold. It allows you to send money to the United States, India, the Philippines, the United Kingdom, and the following 19 European countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
4. Freight and taxes extra.
5. A fee of $2.50 per withdrawal, transfer, withdrawal for bill payments at the counter applies as of the 13th month.
6. The bank statement by mail is free of charge for the first 12 months following enrollment in the offer for newcomers. Starting on the 13th month, a fee of $3.50/month per account will be charged.
7. 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).
8. Locate CIRRUS, Maestro® and NYCE® ABMs and payment terminals with the logos on the back of your card. You can then use your debit card at these ABMs in the United States and around the world, including our network of partners Accel®, Cirrus® and Allpoint®. Administrative or exchange rate fees may apply.
9. Subject to credit approval by National Bank.
10. Applicable to online brokerage transactions for Canadian and U.S. stocks and ETFs. Other fees may apply.
