Which bank is best in Canada for students?

The Scotiabank Student Banking Advantage Plan is our top pick as the best overall bank account for students in Canada. It offers no monthly fee and unlimited transactions for full-time students, while you can also earn Scene+ points on debit transactions. Learn more in our guide to the best bank in Canada for students .

What are the top two Canadian banks?

The two largest Canadian banks in terms of assets are RBC and TD Bank. Along with BMO, Scotiabank and CIBC, they make up Canada's five biggest banks, which are known collectively as the Big Five.

Should I open an account with a digital bank or a traditional bank?

There are pros and cons to both options, so it depends on your banking needs. Digital banks offer competitive alternatives to traditional banks, with higher interest rates on savings accounts and no-fee chequing accounts. But they don't have the same extensive range of products and services as traditional banks, and you also can't visit a physical branch if you want to access face-to-face customer service.

I'm moving to Canada. What is the best Canadian bank for newcomers?

National Bank has the best overall offer for newcomers to Canada. It has no monthly fee for up to three years, you can get a Canadian credit card even if you have no credit history and you can also access exclusive phone assistance for newcomers. However, the best account for you will depend on your banking needs, so read our full guide to the best newcomer bank accounts for more information.

How do I deposit cheques if I have an account with a digital bank?

Digital banks and many other financial institutions now allow you to deposit cheques via your mobile banking app. All you need to do is upload photos of the front and back of your cheque and enter a few details, and in many cases, the funds are available for you to access instantly .