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Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$17.95
3.6 Genius Rating
0.0 (0) User Reviews

The BMO Performance Chequing Account for Newcomers is part of BMO’s NewStart Program, designed to make your transition to life in Canada smoother and more convenient. Available to permanent residents and foreign workers who have arrived in Canada within the last 5 years, this newcomer chequing account comes with two years of no monthly fees, unlimited transactions, including INTERAC e-Transfer®§ transactions, plus no-fee BMO Global Money Transfers, helping you feel financially at home right away.

Pros
Cons
  • BMO newcomers account has non-BMO withdrawal fees
  • Pricey monthly fee after the first two years
Provinces
AB, BC, MB, NT, NS, ON, PE, NB, QC, NL, SK, YT, NU
Eligibility
  • Permanent residents and foreign workers arriving in Canada within last 5 years
  • Proof of immigration status required
Why You Want It
Get a $700 welcome bonus + a Walmart Delivery Pass subscription of up to 12 months.
Special Features
  • No monthly fee for two years
  • Earn up to $40 rebate on annual fees for eligible credit cards
  • No-fee BMO Global Money Transfers
  • Valuable welcome bonus
Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$17.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$40
Maximum Welcome Bonus
$700
Promo End Date
March 02, 2026
Physical Locations
Yes
Automatic Budgeting System
Yes
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
Yes
 
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
3.5 Genius Rating
0.0 (0) User Reviews

Are you an international student studying in Canada? That’s great news, because the BMO Performance Chequing Account for International Students is a bank account designed especially for newcomers to Canada like you. Part of the BMO New Start® Program, this account offers perks like $125 in cash bonuses as well as 6 months worth of pizza, just for signing up for the account and completing a few simple actions. This BMO chequing account offers no monthly fees, as well as unlimited transactions and unlimited Interac e-Transfers, which can help you get off to a great start as a new student in Canada.

Pros
  • A $125 welcome bonus plus pizza
  • No monthly fee student chequing account
  • Unlimited transactions for your day-to-day spending
  • Unlimited e-transfers with daily limits
  • Credit card rebate with your chequing account
Cons
  • Extra fee for non-BMO ATM usage
  • Proof of enrollment required for eligibility
Provinces
AB, NS, ON, PE, BC, MB, QC, NB, SK, NL, YT, NT, NU
Eligibility
  • International students enrolled full-time in university, college, or private vocational school
  • Proof of registration of student status or expected graduation required
  • Canadian social insurance number
  • Canadian address
Why You Want It
Get a welcome bonus of $125 and 6 months of pizza from Domino's.
Special Features
  • Annual credit card rebate of $40 on eligible BMO credit card
  • Stays no fee for up to 12 months after graduation
  • New account holders earn a cash bonus and six months worth of Domino's pizza
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$40
Maximum Welcome Bonus
$125
Promo End Date
October 31, 2025
Physical Locations
Yes
Automatic Budgeting System
Yes
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
No
Discounts For Youth
Yes
Other Discounts
No
 
# Of Lenders
See Issuer for Details
New Mortgage
Yes
Refinance
Yes
Switch Lenders
Yes
0.7 Genius Rating
1.0 (3) User Reviews

Personal banking and home shopping are done primarily online, so why not also take the home financing process digital as well? That’s where Pine comes in. Founded in Toronto, Pine’s mission is to simplify the mortgage process for Canadians. You can fill out a mortgage application on their website for free and get pre-approved within 24-hours. It’s quick and straightforward.

Pros
  • Pine’s mortgage rates are currently lower than big banks
  • Pine provides an easy online application process
  • You can talk to real people about your Pine application and mortgage
Cons
  • Pine is only available in certain provinces
  • No in-person home advisor
Provinces
ON, BC, AB, MB, NB, PE, NL, NS, SK
Eligibility
See Issuer for Details
Why You Want It
Apply entirely online + Get some of the lowest advertised mortgage rates.
Special Features
  • Some of the lowest advertised mortgage rates in Canada
  • Earn $500 for you and a friend with client referral program
  • Offers mortgage programs for those with poor credit
  • Get a personal mortgage advisor who works on salary instead of commission
# Of Lenders
See Issuer for Details
Pre-approval
Yes
Instant Quotes
Yes
New Mortgage
Yes
Refinance
Yes
Switch Lenders
Yes
Personal Support
Yes
Online Support
Yes
Phone Support
Yes
Text Support
No
Fees?
None
 
Min Monthly Fee
$34.99
Max Monthly Fee
$54.99
Ads In Min Monthly Fee
Yes
Estimated # Of Shows/Movies
See Issuer for Details
2.0 Genius Rating
0.9 (22) User Reviews

Canadians who watch a lot of sports know that pay-per-view costs can be steep, which is why streaming services like DAZN allow exclusive access to sporting events. DAZN subscribers have access to live and on-demand sports, including football, soccer, boxing, tennis, and baseball.

Pros
  • Wide variety of sports coverage
  • Pause, rewind, and rewatch live sporting events
  • Scheduling and reminders
Cons
  • Pricey subscription tiers
  • Lack of NHL coverage
  • Low device limit
Provinces
ALL
Eligibility
  • Be 18 years or older
Why You Want It
Watch live and on-demand sports in HD + Set up reminders for events.
Special Features
  • Ability to rewatch and rewind live events
  • Built-in scheduling and reminders
  • Exclusive sporting matches and content
Min Monthly Fee
$34.99
Max Monthly Fee
$54.99
Ads In Min Monthly Fee
Yes
Watch On Smart TVs
Yes
Watch On Phones/Tablets
Yes
Watch On Computer
Yes
Watch On Game Consoles
Yes
In-House Content
Yes
Kids Programming
No
Live Sports
Yes
Number Of Screens That Can Watch At Once
2
Estimated # Of Shows/Movies
See Issuer for Details
Option To Add More Users
Yes
Pay An Annual Fee For A Discount
Yes
Current Promo
N/A
Promo End Date
N/A
 
Min Monthly Fee
N/A
Max Monthly Fee
$0
Kids Included For Maximum Fee
5
Task Manager
Yes
5.0 Genius Rating
2.0 (4) User Reviews

Kids and parents alike will enjoy Mydoh, an RBC-powered money management app packed with useful features that make handing out allowance easier than ever. What started as a concept from a couple of MBA graduates is now a popular app.

Pros
  • Completely free to use for everyone
  • Mydoh is backed by a Canadian powerhouse bank: RBC
  • Parents are the ones to set up the account
  • Keeps track of kids' tasks and chores
  • Kids have their own card to use for spending – within reason
  • Kids can customize their card for a one-time fee of $6.99
Cons
  • Parents who aren't tech-savvy can easily get confused
  • Your child must have regular access to a phone or tablet to use it
  • Saturday is now payday forever
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT, QC, ALL
Eligibility
See Issuer for Details
Why You Want It
Easily track your kids' spending + Automate allowance and chore assignments.
Special Features
  • Mydoh Smart Cash Card gives kids limited access to spending online and in-store
  • Use Mydoh Tasks to assign chores and household tasks for your kids
  • A fun way for kids to learn financial literacy
  • Add up to 2 parents and 5 children at no cost
Min Monthly Fee
N/A
Max Monthly Fee
$0
Kids Included For Maximum Fee
5
Includes Prepaid Card
Yes
Promotion
N/A
 
Flexible Terms
Yes
Minimum Loan Amount
N/A
Maximum Loan Amount
N/A
APR Range
See Issuer for Details
3.9 Genius Rating
0.0 (0) User Reviews

With a Scotiabank personal loan, you have access to either secured or unsecured funds that can provide financial relief for a range of situations. Whether you need to pay for a home renovation, purchase a vehicle, or even consolidate your debts, a personal loan like this can be the lifeline you need.

Pros
  • Customize your payment frequency and amounts
  • Can postpone one payment each year
  • Using an established bank provides peace of mind
Cons
  • Unable to fill out applications online
  • Interest rates aren't advertised
  • Detailed information is difficult to find
Provinces
ALL
Eligibility
  • Be a Canadian citizen or permanent resident
  • Meet the age of majority requirement for your province or territory
  • Be employed
  • Meet income and credit score requirements
Why You Want It
Customize your payment structure + Postpone a payment once a year.
Special Features
  • Flexible and customizable payment options
Pre-approval
Yes
Flexible Terms
Yes
Loan Amounts
See Issuer for Details
APR Range
See Issuer for Details
Term Range
1 to 5 years
Minimum Credit Score
See Issuer for Details
Secured Available
No
 
Term Life Insurance
Yes
Terms Available
  • 10 years
  • 20 years
Permanent Life Insurance
No
Guaranteed Acceptance Life Insurance
No
0.9 Genius Rating
0.0 (0) User Reviews

Founded in 2020, Walnut Insurance is the first company to offer life insurance membership plans that include subscriptions to various independent wellness products, such as Headspace. It's both a smart business move and an excellent way to supplement clients' health care needs.

Pros
  • Subscription plans come with sweet perks
  • Digital protection is a unique and convenient option
  • A fully online application process
  • Transparent and surprisingly low pricing
  • Flexible age requirements
Cons
  • Not available in New Brunswick or Quebec
  • Only 2 term lengths available
Provinces
AB, BC, MB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
  • Ages 18 - 70
Why You Want It
Get up to $1M in coverage in minutes + Premiums starting at $10 a month.
Special Features
  • Get term life insurance from RBC Insurance with extra benefits
  • Digital membership protects your electronic devices
  • Membership includes access to products and services like Headspace, Dashlane, and ClassPass
Term Life Insurance
Yes
Terms Available
  • 10 years
  • 20 years
Permanent Life Insurance
No
Guaranteed Acceptance Life Insurance
No
Universal Life Insurance
No
 
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
3.5 Genius Rating
1.1 (8) User Reviews

If you’re looking for a simple, straightforward bank account that happens to earn you PC Optimum points, look no further than the PC Money Account. It shares some similarities with a chequing account, but avoids all monthly fees and includes unlimited transactions.

Pros
  • No fees for transactions or e-Transfers
  • Unlimited transactions
  • Works like a prepaid Mastercard
  • Optional savings feature with interest
Cons
  • No option to use cheques
  • Can't deposit cash or cheques at ATMs
  • Annoying $20 inactivity fee
Provinces
ALL
Eligibility
  • Resident of Canada
  • At least 16 years old
Why You Want It
Earn 5 PC Optimum points per $1 spent everywhere + No monthly fees.
Special Features
  • Earns at least 5 PC Optimum points per $1 spent
  • Access to PC Financial ATMs
  • Earn up to 5,000 monthly bonus points when you deposit your payroll
  • Earn up to 5,000 bonus points for making monthly bill payments
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$200
Promo End Date
See Issuer for Details
Physical Locations
No
Automatic Budgeting System
No
Minimum Interest Rate
2.7%
Earn Rewards On Debit Purchases
Yes
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
No
Discounts For Youth
No
Other Discounts
No
 
Minimum Investment
$0
Maximum Stock Fee
$0
Maximum ETF Fee
$0
Account Maintence Fees
$0
4.5 Genius Rating
2.0 (4) User Reviews

The National Bank Direct Brokerage is one of the top-rated online brokers in Canada, thanks to its competitive fee structure, library of training sessions and tips, and the security offered by a major financial institution. This was the first online trading platform to offer commission-free for stocks and ETF trades in Canada, and its recently launched mobile app makes National Bank Direct Brokerage even more convenient for trading on the go.

Pros
  • No trading fees to worry about
  • Webinars, training sessions, and analysis tools
  • Backed by a solid financial institution
Cons
  • Surprisingly large administration fee
Provinces
ALL
Eligibility
  • Be a Canadian resident
Why You Want It
$0 commission on all transactions + No minimum balance to get started.
Special Features
  • Market-Q, Options Play, Decisions-Plus and more tools available
  • Several types of accounts and products to choose from
  • Access to a range of tools, webinars, and tutorials on investing
Types Of Accounts
  • RRSP
  • TFSA
  • Cash
  • Margin
  • Short-selling
  • RESP
  • Spousal RRSP
  • RRIF
  • Spousal RRIF
  • RESP
  • FHSA
Types Of Investments
  • Equities
  • ETFs
  • Options
  • Mutual funds
  • Bonds
  • Exchange-traded debentures
  • GICs
  • Linked notes
Minimum Investment
$0
Email Support
Yes
Live Chat Support
No
Phone Support
Yes
Minimum Stock Fee
$0
Maximum Stock Fee
$0
Minimum ETF Fee
$0
Maximum ETF Fee
$0
Active Trader Stock Fee Per Trade
N/A
Cover Transfer Fees?
Yes
Minimum Deposit To Cover Transfer Fee
$20,000
Maximum Covered Transfer Fee
$150
Withdrawal Fees?
Yes
Account Maintence Fees
$0
Inactivity Fee Amount
$0
Promotion Description
N/A
Promotion Max Value
N/A
Promotion Requirements For Max Value
N/A
Promotion End Dates
N/A
 
Flexible Terms
Yes
Minimum Loan Amount
N/A
Maximum Loan Amount
N/A
APR Range
N/A
3.8 Genius Rating
0.0 (0) User Reviews

An RBC personal loan is one offered by the Royal Bank of Canada, which is the largest bank in the country. Applying for a personal loan can be a way to achieve the funds you need for things like home renovations, buying a car, consolidating your debt, etc. And since RBC is such a Canadian powerhouse, it can be a good choice for those looking for a financial institution that'll provide peace of mind along with a personal loan.

Pros
  • Flexible loan terms
  • Several options for payment frequency
  • Can easily make changes online
Cons
  • Very little information online
  • No help options via email or instant chat
Provinces
ALL
Eligibility
  • Canadian citizen or permanent resident
  • Age of majority in your province
  • Valid bank account
  • Meet income and credit score requirements
Why You Want It
No early prepayment penalties + Skip a monthly payment once a year.
Special Features
See Issuer for Details
Pre-approval
Yes
Flexible Terms
Yes
Loan Amounts
N/A
APR Range
N/A
Term Range
N/A
Minimum Credit Score
N/A
Secured Available
No
 

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