BMO
BMO NewStart
BMO NewStart is the bank's program for permanent residents and foreign workers in their first five years. The chequing offer is two years without the Performance Plan monthly fee.
Last checked October 19, 2026
Northwest Territories
Best bank accounts for newcomers in Northwest Territories
Territorial health coverage and rental rules differ from the provinces. Bank and federal programs below are the ones we could verify as national. Confirm local services in the community you are moving to.
We do not yet have a Northwest Territories-only bank account page in this edition. The listings below are national programs whose official pages do not exclude Northwest Territories.
| Listing | Fee offer | Who can ask | What we could verify | Source |
|---|---|---|---|---|
| BMO NewStartBMO | No monthly plan fee for 2 years | PR or foreign worker, first 5 years | No-fee global transfers; pre-arrival account | Provider page |
| CIBC Smart Account for NewcomersCIBC | No monthly fee for 2 years | Age 25 or older | $500 only if direct deposit and activity rules are met | Provider page |
| National Bank newcomer accountNational Bank of Canada | No fixed monthly fee in year 1 | Within 5 years of arrival, including students and refugees | Partial fee discount in years 2 and 3 | Provider page |
| RBC Newcomer AdvantageRBC Royal Bank | No monthly fee for 1 year | Arrived within 5 years | Unlimited debit; other-bank ATM fee waived by RBC | Provider page |
| Scotiabank StartRightScotiabank | Preferred Package fee waived for 1 year ($16.95/month) | PR under 5 years, student, or foreign worker | No-fee international transfers | Provider page |
| TD New to Canada Banking PackageTD Canada Trust | No monthly fee for 1 year | PR or temporary resident, 5 years or less | $500 cash offer ends November 2, 2026 | Provider page |
| Your right to open a bank accountFinancial Consumer Agency of Canada | A basic account cannot require an opening deposit | Original ID that meets the two-document rule | The legal floor under every newcomer package | Provider page |
CIBC
CIBC Smart Account for Newcomers
CIBC's newcomer chequing account has no monthly fee for two years if you are 25 or older. A $500 cash reward and a Costco membership are extra offers with conditions and an end date you should read on the page.
Last checked October 19, 2026
National Bank of Canada
National Bank newcomer account
National Bank's newcomer account has no fixed monthly fee in year one, a smaller fee in years two and three if you meet the conditions, and a cash-back promotion that the bank says runs until November 3, 2026.
Last checked October 19, 2026
RBC Royal Bank
RBC Newcomer Advantage
RBC waives the monthly fee on an Advantage Banking account for one year for newcomers who arrived in the last five years, and pairs it with a credit-card offer that does not require Canadian credit history.
Last checked October 19, 2026
Scotiabank
Scotiabank StartRight
StartRight is Scotiabank's program for permanent residents in their first five years, foreign workers, and international students. The core banking perk is a one-year waiver of the Preferred Package monthly fee.
Last checked October 19, 2026
TD Canada Trust
TD New to Canada Banking Package
TD's newcomer package waives the monthly fee on the Unlimited Chequing Account for one year. Cash bonuses and a savings-rate offer on the same page end on dates TD publishes.
Last checked October 19, 2026
Financial Consumer Agency of Canada
Your right to open a bank account
Federal rules say a bank must let you open a personal deposit account even if you do not have a job, do not have money to deposit today, or have been bankrupt. You still have to prove who you are.
Last checked October 19, 2026
Looking at another province? Start from the bank accounts directory.