New Immigrants Bank Account Offers Canada For Aug 2024

New Immigrants Bank Account Offers Canada For Aug 2024: Canadian banks offer special deals for new immigrants in August 2024, including cash bonuses, gift cards, and higher interest rates to attract new account holders.

We’re used to giving banks our money, but what happens when a bank wants your business? They start to offer you money. Canadian banks use new bank account offers like cash bonuses, free stuff, gift cards and bonus interest rates to entice you to switch.

So, if you’re considering switching your chequing or savings account, it’s worth first comparing the best bank promotions on now in Canada. We chose these top bank offers after analyzing over 20 Canadian financial institutions and more than 45 accounts.

BMO Performance Chequing Account:

Get up to a $600 cash bonus.

Step 1:
Earn $350 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by October 31, 2024.
Complete two of the following by December 31, 2024:
Set up a recurring direct deposit; and/or
Make two eligible online bill payments of at least $50 to different billers; and/or
Set up two eligible pre-authorized debits of at least $50 to different billers.

Step 2:
Savings Account Offer
Earn $200 when you open a Savings Amplifier Account by October 31, 2024 and complete the following:
Deposit a total $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the Savings Amplifier Account;
After the initial 30-calendar day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days.
You must qualify for step one to complete step two.

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Step 3
Family Bundle Offer
Earn an extra $50 when you invite a family member as part of a BMO Family Bundle and have them open their account by October 31, 2024.
You must qualify for step one to complete step three.

Simplii No Fee Chequing Account:

Earn $400
Open a No Fee Chequing Account by October 31, 2024
Add an eligible direct deposit of at least $100 a month for 3 straight months.

Earn 5.90%
Open a High Interest Savings Account
Earn a special 5.90% interest rate on eligible deposits for 5 months. No matter how much is in your account, you won’t pay monthly fees.
Limits apply. Offer ends July 31, 2024.

Get up to 10% Cash Back
Open a Cash Back Visa* Card
For your first 4 months with a Cash Back Visa* Card, enjoy 10% cash back on eligible restaurants, food delivery and bar purchases. Up to $500 spend.

TD Unlimited Chequing Account:

What are the benefits of the TD Unlimited Chequing Account?
The TD Unlimited Chequing Account offers a number of benefits for a mid-level fee. These include the following:

1. Welcome bonus: Earn a welcome bonus worth $600 when you sign up for this account and complete some general banking tasks. Offer ends September 26, 2024.
2. Unlimited free transactions: Use your account to fulfill all of your banking needs for no extra costs.
3. Monthly fee can be waived: Qualify for a fee rebate for every month that you keep a minimum $4,000 balance in your account.
4. No fees for Interac e-Transfers: Send money to family and friends at no extra cost with fee-free Interac e-Transfers.
5. First-year credit card fee waiver: Save up to $139 on your first annual fee for a premium TD credit card when you link it to your account.

Scotiabank Preferred Package:

Earn a welcome bonus of up to $400. Earn $350 when you complete two banking steps, earn $50 when you open a new RRSP or TFSA and set up and maintain a recurring pre-authorized contribution of at least $50 for a minimum of 3 months. Valid until July 31, 2024.

How you can earn up to $400

Step 1

Earn $350
Open a new Ultimate or Preferred Package account between March 1st and July 31st, 2024
Within 60 days complete two of the following:

1. Set up and clear one eligible automated recurring direct deposit, like a payroll or pension, that recurs for 6 months in a row.
2. Set up and clear two eligible separate recurring pre-authorized transactions, like a mortgage payment, of at least $50 that recur for 6 months in a row.
3. Make one eligible bill payment, like a phone bill payment or a utility bill payment, of at least $50 with online or mobile banking.

Step 2

$50
To be eligible, complete Step 1
Within 60 days of opening your new Package account, open a new RRSP, TFSA or FHSA
Then, within 60 days of opening the registered account, complete any one of the following activities in your Registered Account:

1. From your Scotiabank personal account, set up and clear a recurring pre-authorized contribution of at least $50 per month, that recurs for 6 months in a row.
2. Make a minimum deposit of $3,000 in your new eligible Registered Account and maintain it for 6 months in a row.

FAQ

Which bank is best for new account opening in Canada?

BMO Performance Chequing Account is the best bank for new account opening in Canada.

Which is best banks in canada for new immigrants?

BMO Performance Chequing Account is the best banks in canada for new immigrants.

What are the top bank account offers for new immigrants in Canada for Aug 2024?

BMO Performance Chequing Account, Simplii No Fee Chequing Account, TD Unlimited Chequing Account And Scotiabank Preferred Package. These are the top 4 bank account offers for new immigrants in Canada.