National Bank Bank Account for Newcomers

Three levels of savings possible on your newcomer bank account

1. Baseline savings of $334.92 over three years for the account

You’ll save 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 are 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)

2. Maximum savings on the account: $574.20 over 3 years

• In addition to the basic savings conditions, you must:
• Maintain a minimum daily balance of $4,500

OR

Sign up for the following three products and services before the end of the first year and maintain them until the end of the special offer:

• A Mastercard® personal credit card ;
• Electronic bank statements ;
• Payroll deposit to your bank account at one of our branches at least once a month or payment of at least two bills per month electronically from this bank account

3. Maximum total savings of the offer: $683.30 over 3 years

To reach these savings, you must meet all the conditions for maximum savings on the account (above) and take advantage of the following services:

• First check order free ($67.10/order) 
• Free paper bank statements for the first year ($42)

Please note:

• The savings depend on meeting all the requirements for the entire duration of the offer (3 years). 
• If you do not meet all the conditions in a given month, your savings will be reduced. 
• If you no longer have the bank account or the Newcomer Package, the savings will no longer apply.

At the end of the third year, the Newcomer Package will automatically be migrated to The Connected^® package, along with any applicable benefits. No action is required on your part. You can also browse all our packages to find the one that best suits your needs.

*National Bank of Canada was named the best bank for newcomers to Canada by MoneySense in 2025, for the third year in a row. Every year, the website 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 of Canada was also named the best bank for newcomers to Canada by the website money.ca in 2025.  

National Bank of Canada received the "Best Bank Account" award for newcomers to Quebec by the website Milesopedia in 2025 and 2026. 

1.Eligibility criteria: 

Our banking offer is available to newcomers from their home countries up to 90 days before arriving in Canada or at any point during your first 5 years in Canada. See the above terms and conditions of the offer for no fixed monthly fee for 3 years. The offer may be modified, extended or withdrawn, without prior notice, at any time. The offer may not be combined or used with any other National Bank offer, promotion or benefit. Fees may apply for transactions not included in the banking offer for newcomers. For more information on transaction fees, see our Guide to Personal Banking Solutions.

2.Financing is subject to credit approval by National Bank. 

3.Telephone assistance service offered by FBA Solutions, valid for 12 months from your account opening date. The content of the packages and terms described are subject to change.