$0
Monthly Fees
Unlimited
Free Transactions
Up to $100
Sign-up Bonuses
Free
Interac e-Transfers
Top Student Account Picks
BEST OVERALL
Scotiabank Student Advantage
Unlimited debit transactions and Interac e-Transfers with no monthly fee.
- ✓ Earn Scene+ points on purchases
- ✓ No minimum balance required
- ✓ Free credit score tracking
BEST FOR TECH
BMO Student Chequing
A great digital experience with massive rewards partners like SPC.
- ✓ Free SPC membership included
- ✓ Unlimited transactions
- ✓ Keep the account 1 year after grad
BEST BIG BANK
CIBC Smart for Students
Standard big bank features with excellent branch access near campuses.
- ✓ Unlimited transactions & e-transfers
- ✓ Free CIBC SPC credit card option
- ✓ Easy global money transfers
What you need to open an account
Most Canadian banks make it very easy for students to open accounts online. Usually, you'll need:
1
Proof of Enrollment (Student ID or letter)
2
Government-issued ID (Passport, Driver's License)
3
Social Insurance Number (SIN)
4
Canadian address and phone number