National Bank of Canada received the "Best Bank Account"
award for newcomers to Quebec by Milesopedia in 2025.
National Bank of Canada was named the best bank for newcomers to
Canada by MoneySense in 2024. 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's mycredit® Mastercard® credit
card has won the Milesopedia best credit card for newcomers in 2023.
Each year, Milesopedia examines the credit card offers of the largest
financial institutions and establishes its ranking according to more
than 150 criteria such as fees, welcome offers, minimum income
required, number of points per category, account credits, insurance,
airport lounge access, etc.
1.Eligibility criteria:
You can benefit from the offer for newcomers from your country of
origin up to 90 days before your arrival in Canada, or within 5 years
of your arrival in Canada. For all other terms and conditions of the
offer, please refer to the Details and conditions of the offer section
at the bottom of the offer
for newcomers page. Offer may be modified, extended or withdrawn
at any time without notice. Offer cannot be combined or combined with
any other National Bank benefit, offer or promotion. Certain fees
related to transactions not included in the newcomer offer may apply,
depending on the type of transaction you perform. For more details on
transaction fees, consult the Fee Guide - Personal banking solutions.
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:
- Visit a branch and open a bank account.
- Sign up for
our offer for newcomers.
- 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
- 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 not to 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.
2.Financing is subject to credit approval by National Bank.
3.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.