Eligibility criteria

• Be a newcomer 18 years of age or older
• Apply to an account from your home country up to 90 days before you arrive in Canada, or within 5 years of your arrival
• Be the only user of the account

Details and Condition of the offer

*Baseline savings of $334.92 over three years for the account

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)

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. The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year. You’ll be able to browse our packages and choose the one that best suits your needs.

**Maximum savings of $574.20 over three years for the account

Your savings will be $574.20 over 3 years with your newcomer’s banking package on a fixed monthly fee ($15.95/month x 36 months) if you meet the following conditions.

1. 1. Visit a branch to open a bank account
2. 2. Sign up for our offer for newcomers
3. 3. During the first year after signing up the offer for newcomers to Canada:
   • a. Apply for and activate^. an eligible National Bank Mastercard^® personal credit card³
   • b. Sign up for eStatements
4. 4. During the second and third year after signing up the offer for newcomers to Canada:
   • a. Set up salary deposits to your National Bank account and have your pay deposited at least once a month or
   • b. Make at least two electronic bill payments 7 from your National Bank account every month.

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. The full flat monthly fee of $15.95 will be applied to your banking package from the fourth year. You’ll be able to browse our packages and choose the one that best suits your needs.

Overall savings of up to $671.30 over 3 years

You could enjoy a maximum overall savings of $671.30 over 3 years without the following fees being 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)
• Statements sent by mail free of charge for the first year ($30)

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 and/or choose to not receive paper statements by mail for free the first year.

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.

Banking offer modalities

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]].

Credit terms

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.