Best bank in Canada

[techie12]

Hi,
We recently moved to Canada from the US. We are really confused which bank to choose.

I heard that the offers are not so great as compared to US.

But want to know which bank is good in terms of service, offers, cash back and other stuff.

 

[Tubsmagee]

Hi,
We recently moved to Canada from the US. We are really confused which bank to choose.

I heard that the offers are not so great as compared to US.

But want to know which bank is good in terms of service, offers, cash back and other stuff.

I went with TD years ago because it had the lowest fees and was close to where we were staying; changed to another one after a few months. None of the options seemed all that great. Here’s an article that describes some of the options and makes recommendations.

 

[Ponga]

As you (hopefully) already know, your U.S. credit rating/report is pretty much worthless in Canada; they don't share much, if any, information with credit reporting agencies. So, you might want to find a bank that has the best `newcomer' program. Scotiabank had (may still have) a good package that included a $300 `bonus' for new residents, as well as a credit card with a $2k limit. Not bad, but certainly no replacement for what you may have had, in terms of credit/perks back home.

 

[techie12]

I went with TD years ago because it had the lowest fees and was close to where we were staying; changed to another one after a few months. None of the options seemed all that great. Here’s an article that describes some of the options and makes recommendations.

Thank you. Will check the article

 

[techie12]

As you (hopefully) already know, your U.S. credit rating/report is pretty much worthless in Canada; they don't share much, if any, information with credit reporting agencies. So, you might want to find a bank that has the best `newcomer' program. Scotiabank had (may still have) a good package that included a $300 `bonus' for new residents, as well as a credit card with a $2k limit. Not bad, but certainly no replacement for what you may have had, in terms of credit/perks back home.

Yes I do know that the US credit score has no impact here. But I atleast wanted to know which bank is good in terms of everything. Looks like if one is good in service and other one is good at something else.

 

[bosma_pol]

Go for CIBC, I am not paying any account fees for 24 hours, got a premium credit card with a 10k limit without any fees.

 

[techie12]

Go for CIBC, I am not paying any account fees for 24 hours, got a premium credit card with a 10k limit with fees.

Thank you