Banking

Discover the best financial products and services you need to settle and start thriving in Canada.

CIBC Welcome to Canada Banking Package

CIBC offers free everyday banking for Newcomers to Canada through its CIBC Smart Account for Newcomers. You get the following and more by opening an account with the bank:

  • Monthly fees waived for the first 24 months
  • Free unlimited transactions and Interac e-transfers
  • No annual fee credit cards or 2-year rebates on selected credit cards (e.g. $99 fee on CIBC Dividend Platinum Visa Card is rebated for 2 years)

BMO NewStart Program

The BMO NewStart program can be opened before you land in Canada or within 5 years of becoming a permanent resident.

  • No monthly fees during the 12 months offer period ($16.95/months afterwards)
  • Free unlimited transactions and Interac e-transfers
  • No annual fee Credit Card through the BMO CashBack MasterCard

Limited Time Offer: Get $400 when you open a chequing account, make a deposit by October 31, 2022.