Best no fee banks for students

[Abdul Youssef]

In Canada, it is best to find a good bank that has no fees, with good perks to joining. The reason certain banks can offer no fee options is because they rely on the client to mostly do self serve banking through online means.

The two best no fee banks in Canada in my opinion are PC Financial and Tangerine. Both do not have a monthly fee, with unlimited transactions. PC Financial is a part of CIBC and Tangerine is now a part of Scotia Bank.

I have had an account with PC Financial for several years and never had a problem. I just recently opened a new account with Tangerine as they offered a free $50 bonus for joining. The catch was that i had to go online and search google for a friend code, as without one it is only a $25 bonus to join. The one that genuinely worked for me was the one at this site: tangerineorangekeycode .net.

What are your experiences with no fee banks? As i know for students some of the banks such as BMO offer special offers for students, like credit cards with lower interest rates etc.

 

[wan2no]

Open your first Tangerine Account with at least $100 deposit using this Orange Key 47191093S1 and get $50!I checked it works great for me!

 

[jack_is_jack]

It's changing really frequently, I believe all major banks have student option without fees, but not all of them willing to give you credit card without security deposit. (sometimes to get 1000 credit card you need to pay 1000).

When I landed in 2014, only one major bank gave me credit card for free and all other perks like gift cards and bonuses without any fees and it was ScotiaBank.

Now situation may be different, so I suggest to go to every major bank like TD, CIBC, BMO, SCOTIA, RBC and ask them what options they have for international students and then just compare who is better at the moment. THEY ALL GIVE YOU PERKS.

P.S. I am still happy client of Scotia and never paid a fee as after graduation they give you credit cards where you don't pay if you have minimum amount of money in your account.