When moving to a new country, one of the first tasks is to set up a bank account. Fortunately, Vancouver is home to several banks that offer services specifically designed for newcomers to Canada. These banks provide tailored solutions to help you manage your finances, transfer money, and settle into your new life.
Scotiabank StartRight Program:
Scotiabank’s StartRight program is designed to help newcomers get settled in Canada. The program offers a no-fee international money transfer for new customers, a credit card without a credit history requirement, and free day-to-day banking for the first year. This program makes it easy for newcomers to manage their finances and build credit.
RBC Newcomer Advantage:
The Royal Bank of Canada (RBC) offers the Newcomer Advantage program, which provides newcomers with no monthly fees for the first year, access to a credit card, and special mortgage rates. RBC also offers advice and resources to help newcomers navigate their financial journey in Canada.
CIBC Welcome to Canada Package
CIBC’s Welcome to Canada Package includes a variety of financial products and services tailored to newcomers. This package offers no-fee banking for the first year, a secured credit card to help build credit, and free global money transfers. CIBC also provides multilingual support to assist newcomers in their preferred language.
TD New to Canada Banking Package
TD Bank’s New to Canada Banking Package offers newcomers a comprehensive suite of banking services, including a no-fee checking account for the first six months, access to a credit card, and special offers on savings accounts. TD also provides financial advice and resources to help newcomers manage their finances effectively.
BMO NewStart Program
The Bank of Montreal (BMO) offers the NewStart program, which includes a no-fee checking account for the first year, access to a credit card, and a special mortgage offer for newcomers. BMO also provides online resources and tools to help newcomers learn about Canadian banking and finance.
Choosing the right bank is an important step for newcomers to Vancouver. Programs like Scotiabank’s StartRight, RBC’s Newcomer Advantage, and CIBC’s Welcome to Canada Package offer tailored financial solutions that make settling into your new life easier and more manageable.
Best Banks for Newcomers to Canada
