Banking products and services for newcomers

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 Offer may be modified, extended or withdrawn at any time without notice.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: 

1. Visit a branch and open a bank account. 
2. Sign up for our offer for newcomers. 
3. 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 
4. 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.