A special offer from National Bank

Promotional period:

July 1st 2023 to October 31st, 2023.

Cashback:

$300 cashback on your first checking account associated with the Newcomer Offer at National Bank of Canada, opened online via a link hosted on the Canadian Immigrant website.

Promotion Terms and Conditions:

• The new account must be opened during the promotional period. Only one account is eligible.
• You must open your checking account online by signing up for the Newcomer Offer, via a link hosted on the Canadian Immigrant website.
• You must complete the following required transactions within 120 days of opening the checking account:
• Sign up for Online Banking service and receive your account statements and tax slips online
• Set up an automated direct deposit of salary or monthly pension to your new chequing account

Payment of the cashback:

The cashback will be deposited within 150 days of the checking account being opened.

Other conditions: 

You must have reached the age of majority when you open your checking account.

You must not have received a cash back offer on a checking account since August 1st, 2021.

You are not employed by National Bank or any entity.

The promotion cannot be combined with any other offer, promotion or benefit applicable to National Bank of Canada’s checking accounts and banking packages, and is not retroactive.

Promotion may be modified, extended or withdrawn at any time without notice.

You agree to abide by the terms of the offer, maintain eligible products and services, and make no changes to such products and services for a minimum of 12 months beginning with enrollment in such products and services. If you do not comply with this condition, you must repay National Bank of Canada an amount corresponding to the period in which you did not keep your eligible products and services within 30 days of receiving a refund request.

• Be a newcomer to Canada 18 years of age or older
• Apply to open the account from your home country or within 5 years of your arrival in Canada.
• Be the sole account holder

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
   • 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
3. 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.

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. 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.

3. 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].

4. Financing subject to credit approval by National Bank. Certain conditions apply.

5. 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).

8. Account statements by mail free of charge for the first year. A fee of $2.50 per month per account applies starting on the 13th month for each account statement sent by mail. For more details on the fees applicable to the bank account, see the Fee Guide ⁠— Personal Banking Solutions

9. Includes transfers between accounts, transfers to another person, international transfers and Interac e-Transfers (in those last two situations, through our online banking services only).

10. $1.50 per withdrawal, transfer, withdrawal for bill payment at a branch starting on the 13th month. Each bill payed at an ABM or through our online banking services counts as a transaction.

mycredit: National Bank’s Mastercard® mycredit® credit card won the 2023 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.

®Mastercard, World Elite, Platinum Mastercard, and MC1 are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.