FinviloStudent bank accounts: TD vs RBC vs Scotiabank vs CIBC
Big banks waive or reduce fees for students, usually until graduation or a set age. Each bank defines student eligibility differently.
| Feature | TD Canada Trust | RBC Royal Bank | Scotiabank | CIBC |
|---|---|---|---|---|
| Where available | Not confirmed | Not confirmed | Not confirmed | Not confirmed |
| Monthly fee | $0 CAD | $0 for full-time students | $0 CAD | $0 CAD |
| Transactions included | Unlimited | Not confirmed | Unlimited | Unlimited |
| Minimum balance | None | Not confirmed | Not confirmed | Not confirmed |
| Transfers | Not confirmed | Free Interac e-Transfer transactions | Not confirmed | Not confirmed |
| Card rebate | Not confirmed | Up to $48 rebate on an eligible credit card annual fee | Not confirmed | Not confirmed |
| Details | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page |
Our take
Note when the student pricing ends and what the account converts to, so you are not surprised by a fee after graduation.
Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.