4 Best Student Bank Accounts in Canada for 2025

• Get a $125* cash bonus and 6 months of pizza from Domino’s^®
• No monthly plan fees while in school and one year after graduation*
• Get unlimited transactions and Interac e-Transfer^®§ transactions.

*Offer Period: From June 2, 2025 - October 31, 2025, to qualify for the Student Chequing Account offer, you must be a Student at a full-time university, college or registered private vocational school, and then are eligible to receive the Performance Plan with no monthly Plan fee or receive a discount equivalent to the Performance Plan fee from the Premium Plan fee.

Step 1:

Open a Performance Plan or Premium Plan Student Chequing Account and make sure you:

• Use a valid email address.
• Are enrolled in a university, college or vocational school^*

Step 2:

Make a deposit^* of any amount to the account by October 31, 2025.

Step 3:

Complete at least two of the following within 30 days of opening your account^*:

• Send or receive two INTERAC e-Transfer section^®§ transactions of at least $50.
• Make one eligible bill payment of at least $50 through BMO Online Banking or the BMO Mobile Banking App.
• Make one pre-authorized debit.

Move your pay to earn $250¹

1. Become a client: sign up in minutes on your phone and get ready to have simple banking at your fingertips.
2. Open your Chequing Account: It’s the original no monthly fee digital bank Account, designed to uncomplicate your life.
3. Switch your payroll deposits to earn $250¹: Move your paycheques to your Tangerine Chequing Account for 2 consecutive months, and we’ll give you $250.

• Earn up to $125 welcome bonus when you open a new Preferred Package for Students and Youth*

^*To qualify for the $125 welcome bonus (the “Offer”), you must:

Open a new Preferred Package for Students and Youth (an “Eligible Account”) between July 2 and November 2, 2025; and

Complete any two of the following activities in your Eligible Account within 60 days of Eligible Account opening:

• Set up and make at least 1 eligible♢♢ automated and recurring direct deposit, which will recur monthly for a minimum of three (3) consecutive months, or
• Set up and make at least one (1) eligible♢♢ recurring pre-authorized transaction with a minimum value of $25 per transaction, which will recur monthly for a minimum of three (3) consecutive months, or
• Complete at least five online (5) Visa* Debit purchases using your ScotiaCard® anywhere Visa* Debit is accepted. Only the following Visa Debit transaction types are eligible: online debit purchases, and in-store purchases made outside of Canada

♢♢ Click here for a list of eligible direct deposits and pre-authorized transactions. While a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit or pre-authorized transaction is eligible for the Offer. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Offer.

Eligibility Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Preferred Package for Students and Youth, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offer.

General Terms: The $125 cash bonus will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of each bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. For joint accounts, only the primary account holder will receive the bonuses. The Offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

• Starting July 1st, 2025 - Earn $300 when you become a new client and open a No-Fee Chequing Account and add an eligible direct deposit of at least $100 a month for 3 straight months. Offer end date is October 30th , 2025.