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- $100 cashback when you open a chequing account
- Up to 3 years with no monthly fees
* The $100 cashback promotion is valid until the 4th of February 2025.
National Bank of Canada has the perfect offer to help you settle in.
No commitment: you can close your account at any time, with no penalties.
And that’s not all! We are also offering you a welcome gift.
You will also receive $100 cashback directly in your new account thanks to the partnership between pvtistes.net and National Bank of Canada.6
Three simple steps to benefit from the offer:
Check that you are eligible.1
Open your account online on this page.
Make a transaction, you'll receive $100 in your new National Bank of Canada account!
Ready to take advantage of the offer? Open an account on this page.
Open an account onlineExample of a Journey to take advantage of the Offer for Newcomers to Canada*
Open your account online with National Bank of Canada.
Do you have any questions about life in Canada?
Just call the free telephone assistance service!
National Bank of Canada welcomes you!
Are you thinking of applying for permanent residency and have questions?
Be sure you are ready with the free telephone assistance service.
Your advisor will continue to support you.
They will continue to give you sound banking advice and will take care of your loan and investment applications.
Take advantage of this offer and get much more than a bank account!
Because we understand your reality we are offering you a range of services that meet the needs of newcomers.
Perfect if you're looking to:
- Open an account online from your country
- Make a transfer before you leave
- Access your funds as soon as you arrive
- Save on banking fees
- Build your credit history
- Receive guidance before and after you arrive in Canada with our telephone assistance service and from one of our advisors
- Buy a car or real estate in Canada5
- 2.7 millions clients
- 26,428 employees
- 471 branches across Canada
- 1643 automated banking machines
As at July 31, 2021. Source: Investor Fact Sheet, 3rd quarter
- Environment: We are working to develop a green economy
- Social: We enrich communities
- Governance: We govern according to the highest standards
This offer is valid until the 4th of February 2025.
This offer is intended for readers of pvtistes.net who don’t have an account with National Bank of Canada.
To qualify for this offer, you must open a chequing account on pvtistes.net and sign up for the Offer for Newcomers to Canada during the promotional period.
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 and cannot be applied retroactively. There is a limit of one cashback per eligible product during this promotion. The offer can only be applied once for each type of product. Only the primary account holder is eligible for the offer. Current additional holders of a joint account who open a new account will not be eligible for this offer.
Cashback details
Chequing account offer
To qualify for the chequing account offer and get $100 cashback, you must open a new chequing account that is part of the Offer for Newcomers to Canada and meet the conditions of the offer.
When will the cashback be paid?
The cashback will be paid to the new chequing account no later than 210 days after the account is opened.
Eligibility conditions
- Open a chequing account during the promotion using the redirection link on one of our partners' sites.
- Sign up for The Connected® package or our exclusive offer for newcomers and keep this package or offer for at least 150 days after the chequing account is opened.
- Be the main holder of the account.
- Sign up for online banking and online bank and tax statements within 150 days of opening the chequing account.
- Carry out 10 eligible transactions over 2 consecutive months after opening the new account.
Eligible transactions are:
- Debit card purchases
- Transfers or payments to a National Bank MasterCard using My online bank or the National Bank mobile app
- Bill payments using My online bank or the National Bank mobile app.
- Must not have had a National Bank chequing account in the past 24 months.
*** Clients must meet these conditions within 150 days of opening a new account. ***
Exclusions
- Persons who have not reached the age of 14 at the time the account is opened
- Employees of National Bank and its subsidiaries and entities
- Clients who have benefitted from a cashback offer on their chequing account since April 1st, 2022
Other conditions
- Clients can receive only one cashback for this chequing account.
- Clients must be at least 14 years old when they open their account and sign up for The Connected® package, or at least 18 years old when they open their account and sign up for our exclusive offer for newcomers.
- Clients need to keep the chequing account for at least 12 months starting when the account is opened. If they don't meet this condition, they'll have to reimburse a portion of the cashback corresponding to the period still remaining.
- Clients must keep their chequing account in good standing for 150 days after the account is opened by complying with the conditions set out in the Deposit Account Agreement. For example, clients need to pay the monthly fees of the chequing account when applicable.
- Clients must not be employed by National Bank or one of its subsidiaries.
- This promotion may be modified or withdrawn without prior notice.
- This promotion can't be combined with any other promotion applicable to chequing accounts, an exclusive offer or The Connected package.
Commitment
To receive the cashback, you must meet the conditions of the offer, maintain the eligible products and services, and not make any changes to these products and services for a minimum of 12 months from the time you sign up for them. If you do not meet this condition, you will have to refund 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 the request for payment.
- 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
Your first transfer of funds to National Bank of Canada must be a bank-to-bank transfer. You cannot use a money transfer service. National Bank of Canada charges $15 to receive funds from abroad (your French or Belgian bank may also charge transfer fees).
Minimum savings of $334.92 over 3 years
You can save at least $334.92 over 3 years if you meet all the following conditions:
- Visit a branch to open a bank account and
- sign up for the Newcomers to Canada package
$334.92 savings over 3 years:
- Year 1: No flat monthly fee (save $15.95/month for 12 months)
- Year 2: A flat monthly fee of $7.98 instead of $15.95 (save $7.97/month for 12 months)
- Year 3: A flat monthly fee of $11.96 instead of $15.95 (save $3.99/month for 12 months)
The monthly fee of $15.95 for your banking package will be charged as of the fourth year. To be eligible for this savings, you must maintain the account and package for at least 36 months. You will no longer qualify for the discount if you don’t keep these products.
Maximum savings of $671.30 over 3 years
You can save up to $671.30 over 3 years if you meet all the following conditions:
- Visit a branch to open a bank account
- Sign up for the Newcomers to Canada package
-
During the first year after you sign up for the Newcomers to Canada package
- Apply for and activate a qualifying personal National Bank Mastercard® credit card3
- Sign up for eStatements
During the second and third years after you sign up for the Newcomers to Canada package:
- Set up direct deposit in your National Bank account and receive your salary in the account at least once a month or
- Make at least two electronic bill payments monthly from this account.
The $671.30 savings over 3 years means the following fees will not be charged:
- The flat monthly fee for the Newcomers to Canada package for 3 years ($15.95/month for 36 months)
- The fee for your first order of cheques ($67.10/order)
- Account statements by mail free of charge for the first year ($30)
The monthly fee of $15.95 for your banking package will be charged as of the fourth year.
Decrease of the savings
To benefit from the full savings amount, you must maintain all those products and services and carry out the qualifying transactions for at least 36 months, unless otherwise indicated. If you don’t meet the conditions of the offer, your savings will be lower. If you don’t make your first cheque order, your savings will be lower.
Furthermore, if during any given month, you maintain your account and package but you don’t maintain one of the other products and services or if you don’t carry out the required transactions (for example if you make one bill payment instead of two), the Bank will charge you the service fee for the month. The monthly fee will be $7.98/month the second year and $11.96/month the third year. You will still benefit from a discount of $7.97/month the second year and $3.99/month the third year.
Finally, if you no longer have the account or the package you will no longer be eligible for the savings.
® National Bank of Canada and the National Bank of Canada logo are registered trademarks of National Bank of Canada.
™ 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 of Canada.
- You can take advantage of the Offer for Newcomers if you immigrated to Canada within the past 5 years. For full offer terms and conditions, see the "Details and conditions of the offer" section. The Bank may modify, extend or withdraw the offer at any time without notice. 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 Offer for Newcomers. For details of transaction fees, see the Fee Guide [PDF].
- The telephone assistance service offered by National Bank Assistance Network™ is available for 12 months from your account opening date. The content of the packages and terms described are subject to change.
- 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.
- A security deposit may be required under certain circumstances.
- Financing subject to credit approval by National Bank. Certain conditions apply.
- Certain conditions apply. Visit the Conditions of the $100 cashback offer for details.
194 Reviews
Please leave your feedback or ask questions
Good morning
I would like to open an account but I don’t want a credit card and a debit card is enough for me
to benefit from the $100 offer that an eligible transaction signifies. What do you mean by transaction?
Thanks for your help
Hello Alexandre!
By this we mean any debit transaction made to the account (such as a bill payment or a pre-authorized debit). Please feel free to message us if you have any further questions, are we here for you?
I learned about the Canadian banking system from my friends who live in Montreal and by reading information.
I understood the principle of living on credit and repaying in order to have a credit history.
I saw that with the National Bank, we had no bank fees the 1st year and that the following years there are (7.98/m the 2nd year, 11.96/month the 3rd year and 15.96/month at from the 4th year).
But I saw on the site that the Synchro card costs 35/year or 2.92/month in bank charges. So is it more advantageous to take that rather than the pvtiste offer?
Can you explain to me what the purchase interest rate and the balance and funds transfer rate correspond to, please?
Thank you very much ^^
Good morning,
Indeed, with our offer for new arrivals you have free bank charges for a period of 3 years under a few conditions that are quite simple to meet, namely:
1- Open a bank account in one of our branches
2- Join the offer for new arrivals
Before the end of the first year following your membership of the offer for new arrivals:
3- Sign up for an eligible National Bank Mastercard® personal credit card2 and activate it
4- Join the electronic bank statement
During the second and third year following your membership of the offer for newcomers
5- Register your salary deposit in the bank account you hold in one of our branches, and have your salary deposited there at least once a month; Or
6- Pay electronically at least two bills per month from this bank account.
I invite you to refer to our website if you would like more information on this subject.
As for the credit card, interest applies if you do not repay the amounts used on time (this will be specified on your MasterCard statement). The cards eligible for the offer are as follows: mycredit, MC1, Allure, Syncro, Platinum, Echo discount, World and World Elite. (ref website bnc.ca).
You will have NO fees on all of these cards.
I invite you to contact me by PM if you have any further questions.
Good day,
I would add that the offer on PVTiste is the same as on our website except that by subscribing to our offer via pvtistes you will have a “gift” of 100 CAD offered to your bank account, if you complete the following conditions: Join our Internet banking solutions and our online account statement service by accessing via the link on pvtistes.net.
Carry out an eligible transaction (account interest and banking plan fees charged to the account are not considered transactions).
You have 120 days following account opening to meet all the conditions of the offer in order to obtain the cash back.
The remittance will be made into your National Bank of Canada checking account no later than 150 days following the opening of the checking account.
Good morning,
I am taking the liberty of writing to you because I plan to come to Canada next week and I was planning to open an online bank account before my arrival.
I don’t know if the deadline is short (open an account 1 week before) and whether the procedures take longer once you arrive in Canada?
Also, as a pvtist, when registering in “CRS-FATCA Regulatory Information”, we are considered ”
I am a resident of Canada for tax purposes” or ”
I am a resident of a country other than Canada and the United States for tax purposes”?
Thank you in advance for your help : )
Hello Miriam,
The delay is acceptable, you can pre-open your account now.
For FATCA, you must indicate that “I am a resident of a country other than Canada and the United States for tax purposes”
I hope I have answered your question and do not hesitate to contact me via PM if you have any further questions.
Good day,
Vanessa
Hello, I would like to know if the first transfer France => Quebec is a transfer free of charge? Is there a transaction amount limit?
Thank you very much
Hello Valentine?
There is no limit for the transfer received. To find out everything about the applicable terms and conditions, do not hesitate to send us a message here or on Facebook Messenger?
Good morning,
I compare what is most interesting between Desjardins Bank and National Bank.
For the National Bank I wonder about:
– what credit card is offered for newcomers?
– are there fees on the purchase interest rate and the balance and funds transfer rate on the newcomer credit card?
– Can you choose your own credit card?
– What is the Purchase Interest Rate and the Balance and Funds Transfer Rate?
I noticed that a Synchro credit card has more advantageous annual fees, purchase and transfer rates than an MC1 or Macredit credit card which is free all year round but with purchase and transfer rates. higher transfer.
Good morning,
The cards that are included in the offer for New Arrivals are the following: mycredit, MC1, Allure, Syncro, Platinum, Echo discount, World and World Elite (see details on our website)
You won’t have any fees on the credit card as long as you repay the money used on the card before the due date.
We can communicate via PM if you wish.
Good day,
Vanessa
Good morning
I just arrived in Montreal 2 days ago and I am looking to open a bank account either with BNC or with Desjardins, I am still hesitant knowing that I have looked again and again at the differences between the two banks but I still don’t know what to choose,
What I would like is to have a debit card (to begin with) no credit (I’ll see later) without bank charges (I saw the offers they offer for both 2 years for Desjardins and 3 years for bnc) with which I can spend for my daily expenses in stores of all kinds WITHOUT FEES
Then I can make transfers from my French account to my Canadian account and vice versa (while waiting for me to have a job and therefore a salary) WITHOUT FEES
That there is this bank almost everywhere in all of Canada 🙂
And that I can withdraw money if necessary throughout Canada in the same ATM and free of charge and if it is not the same bank counter if it is free of charge and if this is not the case how many fees they would take?
And the same to know if in other countries by using my debit card in shops etc. are there any fees particularly in the United States because I plan to go there soon?
Thank you for taking the time to read this long message and if you can recommend one of the two banks because I don’t know what to choose and I want to do it quickly
Good morning,
Unlike Desjardins, the National Bank of Canada is present throughout Canada.
You can open your bank account within 3 months before your arrival in Canada and make a first and only transfer from your account in France to your account in Canada. Once there you can do as much as you want. You will have a fixed fee of 20 CAD for a transfer from France to Canada and a fee of 5.95 CAD for transfers from Canada to France. I advise you to make grouped transfers, i.e. one “large” transfer each time, in order to reduce costs.
Please note that if you open your pvtistes life account you will benefit from 100 CAD in your bank account, i.e. 5 “free” transfers from France to Canada.
For other information we can talk via PM.
THANKS,
Vanessa
Good morning,
Unlike Desjardins, the National Bank of Canada is present throughout Canada.
You can open your bank account within 3 months before your arrival in Canada and make a first and only transfer from your account in France to your account in Canada. Once there you can do as much as you want. You will have a fixed fee of 20 CAD for a transfer from France to Canada and a fee of 5.95 CAD for transfers from Canada to France. I advise you to make grouped transfers, i.e. one “large” transfer each time, in order to reduce costs.
Please note that if you open your account via pvtistes you will benefit from 100 CAD in your bank account, i.e. 5 “free” transfers from France to Canada.
For other information we can talk via PM.
THANKS,
Vanessa
Good morning,
Having had a bank account for almost a year under PVT, opening the BNC account went very well BUT now that I want to build a budget, save and finance my projects, the services are very limited for budget monitoring :
– no synchronization possible with budget tracking applications (e.g. mint or wallet)
– no Excel extraction possible
– no scoring possible in the application to check the expenses taken into account (entered manually in tricount for example).
A budget construction service exists but without the associated monitoring, it is insufficient to get your bearings.
It is a shame that these fairly basic services offered by other banks do not exist. I hope that the BNC will be able to integrate these services quickly.
Hello Sir,
I am sorry to learn that you are disappointed with the tools offered by the National Bank.
However, I invite you to talk about it with your advisor, he will probably be able to help you in your efforts.
Our application, however, allows you to do many things.
You can consult our “demo” page if you wish: https://demo.bnc.ca/fr/home
Best regards,
Vanessa
Hello, We are hesitant to open an account at the BNC, you have to register 2 months before, we are no longer on schedule given that we are arriving on February 15 in Toronto.
Can you also confirm that the mastercard credit card is issued without credit history? And if so, how soon can we have it?
Thank you
Very good day
Good morning,
You can pre-open your account within 3 months before your departure, so you are on time :).
During your appointment at the branch, we will offer you the credit card, and it will necessarily have no credit history because you are not on Canadian territory. You will obtain the card within 5 to 7 days.
I hope everything is to your convenience,
Good day,
Vanessa
Good morning,
I have pre-opened my account and made an appointment online at a branch. Everything was done easily 🙂
I had a question about receiving the debit card. I have an appointment at the branch on 02/09 and I then leave on 02/18 for a woofing. I would have no fixed address in Canada. How soon is the card sent? How to do without a fixed address?
Also, is it obligatory to take the credit card? Because I don’t want it.
thank you for your information
Sincerely
Good morning,
I am following up on your message.
The debit card will be given to you on the day you are identified at the branch. As for the credit card, you can ask to collect it directly from the branch. The card will be available within 5 to 7 days after ordering it.
The credit card allows you to build your credit history in Canada and it is essential. Without it, you will not be able to book plane tickets, make online purchases or apply for credit.
If you need more information, do not hesitate to write to me privately.
Good day,
Vanessa
I second my colleague Vanessa! Small clarification, however: although I also believe that it is essential for your daily banking operations, the credit card is not obligatory. You can discuss this during your appointment and choose the option that suits you best! ^Gab
Hello Vanessa and the BNC 🙂
Thank you for your answers !
I don’t need the credit card because:
– I do not want to live on credit and am against this system
– beyond that, I don’t need it for my daily operations: I don’t have accommodation to find locally, I don’t buy my plane tickets with it or go shopping online… I have another card for this and I would like to avoid accumulating and ending up with as many cards as possible that I could lose. My goal is to have the essentials
It was to know if it was mandatory meaning to have the $100 offer as it is indicated that you have to subscribe to banking solutions but I don’t know what is behind that, if my credit card in fact left to benefit from the offer 🙂
THANKS !
Good morning,
Let me intervene to tell you that in Canada the credit card is not obligatory but it is recommended, you will need it in particular to buy plane tickets or make your purchases online.
If you want more details on the Canadian banking system do not hesitate to contact me by private message and I will talk to you by phone about the banking differences and what the credit card allows you to do and have.
I remain at your disposal,
Vanessa
Hello Vanessa,
Thanks for your feedback ! As said in my previous post, I don’t need to make any online purchases or buy plane tickets or anything with this credit card. This account will be used to receive my salary and make current expenses such as food, nothing else. So I don’t want to have multiple bank cards because I would already have 3 without counting the credit card. These are all cards that risk loss/theft and I want to limit the things that will be useless to me.
Thanks for your advice though 🙂
Yours sincerely
I therefore conclude that you do not want to build a credit history with a view to staying in Canada, and therefore that you will not stay in Canada after your working holiday.
Please note that if you change your mind, you can discuss it with your BNC advisor.
I still invite you to read the following articles on our website: https://www.bnc.ca/particuliers/conseils/credit/carte-debit-vs-credit.html
https://www.bnc.ca/particuliers/conseils/credit/quest-ce-quune-cote-de-credit.html
Good installation in Canada.
That’s exactly it, I don’t need a credit history because I’m not looking for accommodation for my working holiday and don’t want to settle in Canada at the end of my working holiday either.
Otherwise, in fact, I would have had no choice if I had this project and it is good that you clarify it even for other people who read us and who might ask the question.
Thank you for all your details and information.
Good day !
Good morning,
I would just like to have information please, on the transfer of funds between a French and Canadian account thank you
Good morning,
What is your question about transfers? I will be happy to answer your questions by private messages.
Good day,
Vanessa
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