Banking offers for newcomers
From a bank account to investment solutions, we have everything you need to manage your finances in Canada.
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Explore our banking products for newcomers
As a newcomer, you have access to a full range of banking products designed to meet your needs. Opening a bank account is the first step towards effectively managing your finances. From there, you can then choose other solutions to help you build the life you want in Canada.
Start with an account and credit card
Bank account
Manage your day-to-day finances:
- Salary direct deposit
- Pay your bills
- Send money
Credit cards
Allows you to:
- Make online or in-store purchases
- Build a good credit history by paying off your balance on time
- Earn rewards
points or cashback when you choose the card that meets your
needs 2
Get up to $600 cashback to give your projects a boost
Open your account before May 5, 2026, and add certain products, services and transactions to get the most from this offer. Conditions apply.
Move your projects forward
Savings and investments
Allow you to:
- Build an emergency fund
- Put your plans into action, whether they involve buying your first home, your retirement, or your children's education.
- Earn a return on your money by choosing your own investment options, or by working with our specialists.
Mortgage
Allows you to:
- Achieve your dream of home ownership even without credit history in Canada 2
- Flexible repayment options adapted to your situation
*Reassure your seller by getting pre-approved— our commitment to financing your property purchase, valid for six months.
Car loan
Allows you to:
- Facilitate the purchase of a vehicle
- Benefit from repayment conditions adapted to your situation2
Services for newcomers that make a difference
Make the most of services that help you feel at home in Canada, from day one.
International transfers
Send money to your loved ones from Canada with ease through online international transfers to India, 19 EU countries and more. Charges may apply.
Legal support service
Get free legal information for 12 months. 3 Speak with a lawyer get answers to your everyday questions on topics like immigration, housing, education and more.
Always close by
Manage your money from anywhere, at any time with the National Bank app and your online bank, as well as our extensive network of ABMs. Our advisors are also here to guide you by phone or in branch.
Best bank or best bank account for newcomers
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*.
Resources to help you better manage your finances in Canada
Your plans for life in Canada involve a lot of change and decisions. We've put together a list of essential resources to help you realize your ambitions and guide you through every major step of your journey.
Advice on getting settled
Canadian immigration guide
Let's discuss your future in Canada
Do you need personalized advice?
Come meet us or give us a call. We’re happy to answer your questions.
Toll free: 1-888-835-6281
Chat with us
Get help in real time with our Facebook Messenger chat option
Any questions?
Visit our Help centre to find the answers to your questions.
Little details that matter
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:
- 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 are 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)
2. Maximum savings on the account: $574.20 over 3 years
- In addition to the basic savings conditions, you must:
- Maintain a minimum daily balance of $4,500
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:
- A Mastercard® personal credit card ;
- Electronic bank statements ;
- Payroll deposit to your bank account at one of our branches at least once a month or payment of at least two bills per month electronically from this bank account
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:
- First check order free ($67.10/order)
- Free paper bank statements for the first year ($42)
Please note:
- The savings depend on meeting all the requirements for the entire duration of the offer (3 years).
- If you do not meet all the conditions in a given month, your savings will be reduced.
- If you no longer have the bank account or the Newcomer Package, the savings will no longer apply.
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.
*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 website MoneySense 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 website money.ca in 2025.
National Bank of Canada received the "Best Bank Account" award for newcomers to Quebec by the website Milesopedia in 2025 and 2026.
1.Eligibility criteria:
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.
2.Financing is subject to credit approval by National Bank.
3.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.