•  Be a newcomer 18 years of age or older
•  Apply to open an account from your home country up to 90 days before you arrive in Canada, or within 5 years of your arrival
•  Be the only user of the account

Read about our offer for newcomers in your language.

• French [PDF]
• English [PDF]
• Arabic [PDF]
• Chinese [PDF]
• Spanish [PDF]
• Persian [PDF]
• Punjabi [PDF]

Baseline savings of $334.92 over three years
 

Save a minimum of $334.92 over three years if you meet the following conditions :

• Visit a branch to open a bank account
• Sign up for our offer for newcomers

Savings of $334.92 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)

The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year. To be eligible for savings, you must commit to keeping the account and package for a minimum of 36 months. You will receive no further discounts if the products are cancelled.
 

Maximum savings of $700.02 over three years.
 

Save up to $700.02 over three years if you meet the following conditions:

1. Visit a branch to open a bank account
2. Sign up for our offer for newcomers
3. During the first year after signing up the offer for newcomers to Canada:
   • Apply for and activate an eligible National Bank Mastercard personal credit card
   • Sign up for eStatements
4. During the second and third year after signing up the offer for newcomers to Canada:
   • Set up salary deposits to your National Bank account and have your pay deposited at least once a month or
   • Make at least two electronic bill payments ⁷ from your National Bank account every month.

Savings of $700.02 over three years based on:

• No flat monthly fee for our banking package for newcomers for three years ($15.95/month for 36 months)
• First order of cheques free ($56.83/order)
• Small safety deposit box rent-free for the first year ($68.99/year)

The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year.
 

Note on savings
 

To enjoy the full savings, you must keep the products and services and carry out all required transactions for a minimum of 36 months, unless otherwise indicated. If you fail to meet the conditions of the offer, your savings will be lower. Your savings will be lower if you do not order cheques or rent a safety deposit box.

If during a given month, you keep your bank account and banking package, but do not keep all of the other products and services indicated or do not carry out all of the required transactions (e.g. only one electronic bill payment per month instead of two), you will be charged National Bank's service fee for that month. The service fee will be $7.98 monthly the second year and $11.96 the third. You will still enjoy monthly savings of $7.97 during the second year and $3.99 during the third.

Finally, if you no longer hold a bank account or banking package for newcomers, you will no longer be eligible for savings.

mycredit: National Bank's Mastercard^® mycredit^® credit card won the 2022 Milesopedia Award for Best Credit Card in Canada for Newcomers. The ranking is based on an analysis of nearly 200 credit cards offered to Canadians based on their overall features and cardholder opinions on their experiences with these products.

TM National Bank Assistance Network is a trademark of National Bank of Canada, used under licence by authorized third parties.
 

® Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.

® THE EXCHANGE is a registered trademark of Fiserv Inc.

1. 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 Details and conditions of the offer for the full terms and conditions. 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 [PDF].
2. Financing subject to credit approval by National Bank. Certain conditions apply. Eligible credit cards: MyCredit, MC1, Allure, Syncro, Platinum, ECHO Cashback, World and World Elite.
3. Telephone assistance service offered by National Bank Assistance Network, valid for 12 months from your account opening date. The content of the packages and terms described are subject to change.
4. Eligible electronic payments: payments made via ABMs, pre-authorized debits, and online banking solutions (including making payments through your online bank or the National Bank mobile app).
5. Security may be required under certain circumstances.
6. Financing subject to credit approval by National Bank. Certain conditions apply.
7. National Bank ABMs or ABMs in THE EXCHANGEᴹᴰ network. Use all our ABM features in six languages (French, English, Spanish, Traditional Chinese, Punjabi, and Arabic).