#1
Scotiabank StartRight Program
Scotiabank · rated 4.5/5
Welcome offer: Earn up to $2,300 in value in the first year
Monthly fee$16.95
Interest rate—
TypeChequing
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Bank accounts for newcomers to Canada
Most big banks run a newcomer program with waived fees for the first year and a credit card without Canadian credit history.
Top 3 picks
#2
National Bank Bank Account for Newcomers
National Bank · rated 4.5/5
Welcome offer: Earn up to $600 cashback when you open an account for newcomers and meet certain criteria.
Monthly fee$15.95
Interest rate—
TypeChequing
#3
RBC Signature No Limit Banking Account for Newcomers
RBC · rated 4/5
Welcome offer: Get the new iPad and up to 12% cash back
Monthly fee$16.95
Interest rate—
TypeChequing
All 5 compared
| Account | Welcome offer | Extra cash back | Monthly fee | Interest rate | |
|---|---|---|---|---|---|
Scotiabank StartRight Program Scotiabank · Chequing | Earn up to $2,300 in value in the first year | — | $16.95can be waived | — | Open account → |
National Bank Bank Account for Newcomers National Bank · Chequing | Earn up to $600 cashback when you open an account for newcomers and meet certain criteria. | — | $15.95can be waived | — | Open account → |
RBC Signature No Limit Banking Account for Newcomers RBC · Chequing | Get the new iPad and up to 12% cash back | — | $16.95can be waived | — | Open account → |
 BMO NewStart Program - Performance Account BMO · Chequing | Get up to a $1,100 cash bonus and a Walmart+ membership for up to 12 months. Plus, no monthly fees for 2 years. | +$50 cash back | $17.95can be waived | — | Open account → |
 RBC Advantage Banking Account for Newcomers RBC · Chequing | Get an RBC credit card with up to a $15,000 credit limit, up to 12% cash back + no monthly fee banking for the first year | — | $12.95can be waived | — | Open account → |
Offer data from FinlyWealth, updated 2026-11-08. Rates, fees and offers change often and may differ from what the issuer shows you — always confirm the current terms on the issuer's site before applying. "Extra cash back" is paid by FinlyWealth when you apply through our link and are approved; conditions are on the FinlyWealth page. Rankings use FinlyWealth's rating, then welcome-offer value. crediteasy.ca is independent and does not provide financial advice.