National Bank of Canada vs Royal Bank of Canada (RBC)

You’re eligible to open a newcomer bank account if you:

• Are 18 years of age or older.
• Plan to move to Canada within 90 days or have been living in Canada for 5 years or less.
• Have permanent or temporary resident status with a valid work or study permit.

A journey that evolves with you over 4 years

Year 1

Get started with no monthly fees

As soon as you arrive, enjoy all the benefits we offer, without any fixed monthly fees.¹

Years 2 and 3

Keep your account free by meeting certain conditions*

Maintain a minimum daily balance of $4,500 in your account 

OR

Sign up for the following three products and services:

• A credit card
• Electronic bank statements
• Payroll deposit or the electronic payment of at least two bills per month 

Year 4

Automatically switch to The Connected  
 
After your newcomer offer ends, your account automatically switches to The Connected^® package, which lets you reduce or even eliminate your monthly fees.

Get even more advantages with your account for newcomers

• Unlimited online transactions and Interac e-Transfer^® usage within Canada
• Access to over 360 branches and to our network of ABMs across Canada ⁷
• First cheque order free of charge ⁴
• Free National Bank ABM and in-branch withdrawals, transfers and bill payments for the first year ⁵
• Free paper statements by mail for the first year ⁶
• Cash withdrawals abroad through our network of global partners ⁸
• Get 12 months of free legal advice through our partner FBA Solutions. ²
• Send transfers to 19 European Union countries, India, the Philippines, and more. ³

• Online application in a few clicks
• Unlimited use of Interac e-transfer, ¹ free of charge
• Unlimited digital ² and in-person ³ transactions
• An integrated line of credit up to $5,000 ⁴
• Unlimited access to a lawyer by phone or videoconference, in partnership with FBA Solutions. Benefit from estate assistance to draw up your will and protection mandate in anticipation of incapacity, before witnesses, or online ⁵
• Overdraft protection ⁶
• Up to $150 cashback with an eligible credit card ⁷
• Unlimited use of Interac ^® & Cirrus^® network ABMs in Canada, free of charge
• Access to mobile cheque deposit
• Stop pre-autorized debits or cheques, free of charge
• Mail statements at no extra cost
• 100 cheques per year, ⁸ free of charge
• Access to THE EXCHANGE^® network of ABMs at no additional cost
• Online statements at no extra cost

• Unlimited tap, swipe and debit transactions Worldwide⁽⁶⁾
• $30/month⁽²⁾, as low as $17.05/month with the Value Program Rebate⁽¹⁴⁾, or $22.50/month after the Seniors⁽¹³⁾ Rebate
• No minimum balance requirement
• No monthly fee for up to two additional CAD accounts and one USD account⁽⁷⁾
• Save up to $120 on eligible credit card annual fee^(10,38)
• Free Interac e-Transfer transactions^(4,5)
• Earn Avion points⁽¹⁵⁾ on everyday purchases
• Save 3c/L on gas at Petro-Canada⁽⁶⁾
• If you're not satisfied within the first 4 months, we'll refund up to 3 months of monthly fees⁽¹¹⁾
• Free cross-border debits^(9,19,20)

• $0 Monthly Fee⁽²⁾ for full-time students⁽³⁾
• Unlimited Debit Transactions
• Free Interac e-Transfer Transactions^(4,5)in Canada
• One of the Largest Combined ATM and Branch Networks in Canada
• Up to $48 rebate on the annual fee of an eligible credit card⁽¹⁾
• Earn Avion Points on debit purchases, even with your Virtual Visa Debit
• International Money Transfers - Pay no fee for U.S. and international money transfers for this offer/account