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NEWCOMERS

Get the most out of our exclusive welcome offer

Open a salary account with no fixed monthly fee for up to 3 years

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Eligible from your country up to 90 days before your arrival in Canada. Fill out the secure form online.

The advantages of our offer for newcomers

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Bank account
    

Open a salary account and take advantage of no fixed monthly fee for up to 3 years, including unlimited electronic transfers.**

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Mastercard® credit card

Get settled in Canada with help from a National Bank of Canada Mastercard® credit card – no credit history needed.3

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International transfers

Send international transfers online to India, the United States, and 19 countries in the European Union.4

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Free and exclusive assistance service

Get answers to all your questions regarding getting a Canadian work visa, health services, housing, and more.5

Get the offer for newcomers in 3 easy steps

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Open an account online

Fill out a secure form from your home country in just 5 minutes up to 90 days before your arrival in Canada. 

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Receive a confirmation email

Over the following days, you’ll receive an email confirming that you’ve opened an account.

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Make an in-branch appointment

Plan an in-person appointment to finalize the opening of your account and securely transfer your funds.

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Consult the eligibility criteria

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Download and read the details of the offer for newcomers in your language:

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picto of a PDF  English

More than just a bank account

  • Make or receive international transfers 24/7 from your online bank or the National Bank of Canada app.

  • Come visit us at one of our over 350 branches, or access one of our 3,300 ABMs across Canada.6

  • Sign up for an eligible National Bank of Canada Mastercard® credit card and enjoy mobile phone protection, cashback, extended warranties and more.

  • Access your funds abroad through our network of partners around the world.7

  • Enjoy $0 commission on stocks and ETFs when you trade on the National Bank Direct Brokerage platform.

  • Rest assured: your money deposited with National Bank of Canada is protected by the Canada Deposit Insurance Corporation (CDIC)

A distinguished customer experience 

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82% of our clients who are new to Canada say that they recommend National Bank of Canada.

Internal study on newcomers - 2020

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« I recommended National Bank because they are very welcoming to immigrants and have great customer service »

- Marine, arrived in Canada in 2015

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We got 4.79 stars for our service on PVTistes.net.

January 2022

Who’s the newcomer offer for?

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Permanent residents

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Temporary workers

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International students

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Our advice articles to help you get settled in Canada

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Read all our articles

Talk to us about your projects in Canada

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Ready to apply for the package?

Open a bank account online up to 90 days before your arrival or meet with an advisor once you arrive in Canada.

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Make an appointment
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We’re hiring!

Are you a qualified worker immigrating to Canada? Join the National Bank of Canada team!

See our job openings
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Find a branch

Les petits détails pour tout savoir 

  • 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

  • The offer for newcomers is open to permanent residents, temporary workers and international students.

Baseline savings of $334.92 over three years for the account

Save a minimum of $334.92 over three years if you meet the following conditions:

  • Open a bank account online before arriving with our secure form or visit a branch upon arrival.

  • 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)

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. The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year. You’ll be able to browse our packages and choose the one that best suits your needs. 

** Maximum savings of $574.20 over three years for the account

Your savings will be $574.20 over 3 years with your newcomer’s banking package on a fixed monthly fee ($15.95/month x 36 months) if you meet the following conditions.

  1. Visit a branch and open a bank account.
  2. Sign up for our offer for newcomers.
  3. During the first year after signing up for the offer for newcomers to Canada:
    • Apply for and activate an eligible National Bank Mastercard personal credit card2
    • Sign up to receive eStatements
  4. During the second and third years after signing up for 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 from your National Bank account every month.

To be eligible for this, you agree to maintain this account for a minimum of 36 months. You agree that there are no additional savings available from the moment you longer keep these products. You’ll pay the full fixed monthly fee of $15.95/month for your banking package starting in the fourth year after you sign up for the offer for newcomers. You’ll be able to browse our packages and choose the one that best suits your needs. 

Overall savings of up to $671.30 over 3 years 

You could enjoy a maximum overall savings of $671.30 over 3 years without the following fees being charged:  

  • The flat monthly fee for the Newcomers to Canada package for 3 years ($15.95/month for 36 months)  
  • The fee for your first order of cheques ($67.10/order)  
  • Statements sent by mail free of charge for the first year ($30)

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 and/or choose to not receive paper statements by mail for free the first year.

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 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 for the second year and $11.96 for 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 and 2023 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.

  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 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. 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.

  3. Security may be required under certain circumstances. Financing subject to credit approval by National Bank. Certain conditions apply.

  4. International Transfer by Mastercard® and Interac® are available at a cost of $5.95 per transaction, no matter which account you hold. They allow you to transfer funds to the United States, India, Philippines, 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.

  5. 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.

  6. 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).

  7. 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 ATMs in the United States and around the world. Administrative or exchange rate fees may apply.

Benefit from NBC’s banking package for newcomers to Canada and meet the eligibility criteria. 

  • The National Bank Direct Brokerage offer is for 3 years starting on the date that the NBDB account was opened.

  • Current clients are eligible, and they are responsible for contacting NBDB to take advantage of the offer. 

  • Its benefits will be extended to them for the remainder of the 3-year period.

Further details about commissions

Options commission is $0 + $1.25/contract. A minimum fee of $6.25/trade applies. The maximum fee is $19.95 when the transaction value is less than $2,000. An option contract gives the holder the right, but not the obligation, to buy or sell a given position in an underlying security at a given exercise price. Contracts are for 100 shares.

  1. Trades must have been made through our electronic solutions.
  2. Management and other fees may apply to ETF investments. Please read the prospectus before making an investment. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.  

Regular pricing on equities trade applies if the $0 commission conditions on ETFs are not met.

For more details, consult our page for exclusive National Bank Direct Brokerage offers.