FinviloCIBC
CIBC Smart Account for Newcomers
Newcomer chequing with a promotional fee waiver.
- Monthly fee
- No monthly fee for up to 24 months (promotion)
- Transfers
- Unlimited Interac e-Transfer; $0 fees to 130+ countries
Students and Newcomers in Canada
Financial products and guidance for students and people new to Canada.
Compare student and newcomer products by eligibility, everyday costs and what happens when introductory benefits end. Confirm which documents the provider accepts before applying.
Browse by type
Verified options
FL
Flywire
Flywire Education Payments
Tuition payment platform used by schools, including in Canada.
- Pricing
- Transaction-based; varies by institution
- Security
- PCI Level 1
KOHO
KOHO Prepaid Mastercard
A reloadable prepaid Mastercard with a spending account and app. It is not a credit card.
Full details for KOHO Prepaid Mastercard (opens in new tab)RBC Royal Bank
RBC Advantage Banking for students
A student chequing account with no monthly fee and unlimited debits.
- Monthly fee
- $0 for full-time students
- Transfers
- Free Interac e-Transfer transactions
- Card rebate
- Up to $48 rebate on an eligible credit card annual fee
RBC Royal Bank
RBC Newcomer Advantage
RBC banking and credit offers for newcomers to Canada.
Full details for RBC Newcomer Advantage (opens in new tab)RBC Royal Bank
RBC RESP
A Registered Education Savings Plan at RBC that can receive the Canada Education Savings Grant.
Full details for RBC RESP (opens in new tab)Scotiabank
Scotia Momentum No-Fee Visa Card for Students
No-fee student cash back card with an intro balance transfer rate.
- Annual fee
- $0
- Purchase interest rate
- 20.99%
- Cash advance rate
- 22.99%
- Balance transfer rate
- 0.99% for the first 9 months, 22.99% after; 2% fee
Scotiabank
Scotia Momentum Visa Card for Students
Student cash back card with a nine-month intro balance transfer rate.
- Annual fee
- $49
- Purchase interest rate
- 20.99%
- Cash advance rate
- 22.99%
- Balance transfer rate
- 0.99% for the first 9 months, 22.99% after; 2% fee
Scotiabank
Scotiabank American Express Card for Students
No-fee student American Express earning Scene+ points.
- Annual fee
- $0
- Purchase interest rate
- 21.99%
- Cash advance rate
- 22.99%
Scotiabank
Scotiabank Preferred Package (StartRight)
Newcomers get no monthly fee for the first year.
- Monthly fee
- $16.95, or $0 with $4,000 minimum daily balance
- Newcomer benefit
- No monthly fees in the first year through StartRight
Scotiabank
Scotiabank Preferred Package for Students and Youth
No monthly fee for under-25s or eligible full-time students.
- Monthly fee
- $0
- Transactions included
- Unlimited debit transactions
- Card rebate
- Ongoing $40 annual fee rebate on eligible credit cards
- Eligibility
- Under 25, or full-time post-secondary student in Canada or the U.S.
Scotiabank
Scotiabank Scene+ Visa Card for Students
No-fee student card earning Scene+ points.
- Annual fee
- $0
- Minimum credit limit
- $500
- Purchase interest rate
- 21.99%
- Cash advance rate
- 22.99%
Scotiabank
Scotiabank Student Banking Advantage Plan
A student banking plan from Scotiabank.
Full details for Scotiabank Student Banking Advantage Plan (opens in new tab)Scotiabank
Scotiabank Value Visa Card for Students
Low-rate student card with a promotional balance transfer rate.
- Annual fee
- $29
- Purchase interest rate
- 13.99%
- Cash advance rate
- 13.99%
- Balance transfer rate
- 0% for the first 9 months with a 1% fee
TD Canada Trust
TD Cash Back Visa Infinite* Card
A cash back credit card with an annual fee.
- Annual fee
- $139
- Purchase interest rate
- 21.99%
- Cash advance rate
- 22.99%
TD Canada Trust
TD Cash Back Visa* Card
A no-annual-fee card that earns Cash Back Dollars redeemable towards the account balance.
- Annual fee
- $0
- Purchase interest rate
- 21.99%
- Cash advance rate
- 22.99%
TD Canada Trust
TD New to Canada Banking Package
TD's account and credit card options for newcomers.
Full details for TD New to Canada Banking Package (opens in new tab)TD Canada Trust
TD Student Chequing Account
TD's chequing account for students.
- Monthly fee
- $0
- Transactions included
- Unlimited
- Minimum balance
- None
Wise
Wise Money Transfer
International transfers using the mid-market exchange rate plus a disclosed fee.
Full details for Wise Money Transfer (opens in new tab)What to check before choosing students and newcomers
Eligibility
Check student status, residency requirements and accepted identification.
Ongoing costs
Compare regular fees as well as temporary student or newcomer benefits.
Useful access
Review banking access, transfers and credit options that fit your needs.
Student or newcomer status does not guarantee approval or access to every advertised benefit.
Before you visit a provider
Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.
Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.
For further guidance, visit Financial Consumer Agency of Canada.
This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.