Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Top 5 best banking apps in Canada

Easily check account balances, transfer money, manage points and more with the best banking apps in Canada

Mobile banking lets you do a range of banking tasks without visiting a branch or logging onto a computer. We’ve rounded up the best mobile banking apps available in Canada today, so you can choose the one that’s right for you.

Find the best mobile banking app

#1 CIBC Mobile Banking App

CIBC’s mobile banking app was rated #1 in Canada for 2019. It earned this ranking based on their user experience and workflow. It includes features that other banking apps don’t have like being able to open a new account being able to order foreign cash from the app.

  • Apple App Store ranking: 4.4/5 based on 11,125 reviews
  • Google Play Store ranking: 4.1/5 based on 22,333 reviews

#2 Scotiabank Mobile Banking

Scotiabank’s award-winning banking app is very user friendly and secure — you won’t have to worry about privacy. It has a full range of money management features and even gives you access to your TransUnion credit score. The Quick Balance feature lets you check your account balance without having to sign in.

  • Apple App Store ranking: 4.7/5 based on 261,030 reviews
  • Google Play Store ranking: 4.4/5 based on 35,229 reviews

#3 Tangerine Mobile Banking

The Tangerine Mobile Banking app is secure and very user friendly. Tangerine was the first bank in Canada to introduce voice banking and touch ID on its mobile banking app. It also has a secure live chat feature for clients to get help while using the app in real time.

  • Apple App Store ranking: 4.3/5 based on 6,928 reviews
  • Google Play Store ranking: 4.0/5 based on 7,643 reviews

#4 RBC Mobile

In the past, RBC’s award-winning mobile banking app has received the highest customer satisfaction ratings. Users can redeem RBC rewards points within the app and keep their accounts secure with biometric access. They can also temporarily lock their credit card if it gets lost. The app also offers personalized tips for spending and saving.

  • Apple App Store ranking: 4.8/5 based on 204,573 reviews
  • Google Play Store ranking: 4.0/5 based on 31,499 reviews

#5 PC Financial Mobile

Ideal for everyday banking, the PC Financial Mobile banking app is both secure and easy to use. Users can check their PC Optimum points balances on the app and get real-time notifications related to spending, refunds, payroll deposits, payment due dates and more.

  • Apple App Store ranking: 4.6/5 based on 86,940 reviews
  • Google Play Store ranking: 4.5/5 based on 11,998 reviews

App store rankings are accurate as of December 27, 2020.

How we picked our top banking apps

Did we choose according to who we liked best or who used the brightest colours? Not really. Our methodology was based several factors including consumer rankings, national survey results, security and support. The following 2 factors ranked the highest in our methodology:

  • Features. The more the merrier. We like apps that let you manage and personalize your money stuff as much as possible. We also have a soft spot for extras that help you understand where and what you usually spend your money on.
  • Simplicity of use. An app can have a million features and still be a user experience nightmare. All the top apps that we’ve selected look clean and tidy and are fairly easy to use from the first time you start fiddling around with them.

How to choose the best banking app

While it’s nice to have a bank account with an intelligent mobile app, most consumers would agree that this shouldn’t be their number one priority. You may prefer to choose your bank based on the interest rates, incentives and customer service offered instead.

With that said, here are the factors you may want to consider when choosing the best mobile banking app for your needs.

  • Branch access. Some of the top apps are produced by mobile-only banks. If you want access to a local branch, you’ll have to avoid these apps.
  • Budgeting help. Some apps double up as powerful budgeting software, allowing you to clearly see where your money is going, and where you can stand to reduce your spending in order to save more.
  • Customer service. Some of these apps connect you to directly to a staff member via live chat. This is arguably the most efficient way to receive assistance. Others app include a phone line for customer queries, while some rely on an email ticket service.
  • Range of useful features and ease of use. For the most part, this is subjective. Consider which features you need the most: quick ways to check your balance and/or rewards points, easy bill payments, money transfers, mobile cheque deposit or other features.

Frequently asked questions

More on digital banking

Revolut alternatives in Canada

Revolut alternatives in Canada

Looking for Revolut alternatives in Canada? These challenger banks and financial apps may be just what you need.

Read more…
Ampli cash back app review

Ampli cash back app review

Earn cash back when you link your bank account and make eligible purchases with this innovative mobile app.

Read more…
LBC Digital Bank review

LBC Digital Bank review

Sign up for a bank account or GIC with this online bank to earn high interest rates and pay no monthly fees.

Read more…

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site