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Discover our banking options for newcomers to Canada.
TD has special offers for Newcomers on the products needed to help you get settled. We're ready to help you move forward as you start to build your new life in Canada. Meet with a banking specialist near you to get started.
TD has what you need to get started
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Chequing accounts
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Savings accounts
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Credit cards
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Money transfers
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Mortgages
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Save, borrow & invest
TD Chequing Accounts
Enjoy a special offer only for newcomers to Canada of no monthly fees for 12 months1.
TD Unlimited Chequing Account
The TD Unlimited Chequing Account is ideal for your convenient day-to-day banking. Pay no monthly account fee for one year (up to $203 value). Plus, you could get $300 Cash9 when you open a new account:
Special $300 Cash9 offer for TD Unlimited Chequing Account.
To receive $300 Cash with the TD Unlimited Chequing Account you must:
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Open a TD Unlimited Chequing Account (the “New Chequing Account”) by October 31, 2023
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Set up and complete any 2 of the following services for your new TD account by December 22, 2023
We help make banking easier
Open an account before arriving
Are you living in China or India and planning to move to Canada? Call us to open your TD bank account up to 75 days before you arrive. You can also transfer up to $25,000 into your new TD bank account before you arrive.
Make sure you have your Canadian Immigration Visa ready when you call.
- China: call collect 1-855-537-5355
- India: call collect 416-351-0613
- North America: call 416-983-5393
Once you arrive in Canada, visit a TD branch to activate your new bank account.
TD banking package
As part of the New to Canada banking package, you’ll receive $100 Cash offer plus a 0.25% bonus interest rate on your savings for the first 6 months when you open your account1.
TD Every Day Savings Account
The TD Every Day Savings Account is a budget-friendly option for your day-to-day banking needs when you’re just starting out.
You could get $100 Cash10. Start by opening a new TD Every Day Savings Account by October 31, 2023 and automate your savings by adding a Pre-authorized Transfer Service, or Simply Save Program to your new savings account to qualify.
Eligibility: Offer available to Canadian residents and must open a new TD Chequing Account between June 1, 2023 and October 31, 2023 as part of this offer. Conditions apply10.
TD High Interest Savings Account
Building your home in Canada likely includes a number of short- and long-term financial goals.
With a high interest rate, the TD High Interest Savings Account can help you reach those goals faster. By maintaining a minimum monthly balance of $25,000 or more, you can benefit from further savings with waived transaction fees2,3.
TD ePremium Savings Account
If you do most of your banking online, you’ll love what the ePremium Savings Account has to offer.
You could get $100 Cash10. Start by opening a new TD ePremium Savings Account Account by October 31, 2023 and automate your savings by adding a Pre-authorized Transfer Service, or Simply Save Program to your new savings account to qualify.
Eligibility: Offer available to Canadian residents and must open a new TD Chequing Account between June 1, 2023 and October 31, 2023 as part of this offer. Conditions apply10.
Tools to help grow your savings
Open an account before arriving
Are you living in China or India and planning to move to Canada? Call us to open your TD bank account up to 75 days before you arrive. You can also transfer up to $25,000 into your new TD bank account before you arrive.
Make sure you have your Canadian Immigration Visa ready when you call.
- China: call collect 1-855-537-5355
- India: call collect 416-351-0613
- North America: call 416-983-5393
Once you arrive in Canada, visit a TD branch to activate your new bank account.
TD Credit Cards
Enjoy a special welcome offer on the TD Cash Back Card or the TD Rewards Visa Card with no annual fee for newcomers to Canada.
Unsecured credit cards
It’s important for newcomers to Canada to establish a credit history as soon as possible to help with employment, mortgages, loans and insurance.
An unsecured TD Credit Card can help you build your Canadian credit. If you are a Canadian Permanent Resident, you may be eligible for a credit limit of up to $15,000, even if you have no credit history.
If you are an international student or temporary worker, you are also eligible to apply for an unsecured credit card.
Applicant must meet all TD credit granting criteria, and other conditions, to be eligible for a TD Credit Card. For complete details, please visit your local TD branch.
Secured credit cards
As you make the transition to your new home and begin to build a Canadian credit history, you may decide that you need a credit limit over the amount you have been approved for.
If this is the case, a secured TD Credit Card may be able to provide the higher credit limit you’re looking for while helping you build a credit history and positive credit rating.
See Secured Credit Cards:
TD Emerald Flex Visa Rate
TD Rewards Visa
TD Platinum Visa Travel
TD First Class Travel Visa Infinite
TD Cash Back Visa Infinite
TD Cash Back Visa
Send money internationally with TD Global Transfer
TD Global Transfer is an innovative marketplace that allows you send money conveniently and securely to over 200 countries and territories. You can choose how you want to send money to loved ones in more ways, to more places.
Plus, you could get up to $360 in value3 when you send money using TD Global TransferTM with your TD Unlimited Chequing Account.
Foreign currency and travel insurance
Buying your first home in Canada1
One of the biggest financial decisions you will make when putting roots down in your new country is the purchase of a first home.
TD can help you finance your first home in Canada, even if you have no credit history.
A TD Mortgage Specialist will work with you to determine if you’re eligible for a TD mortgage, and will help guide you through the mortgage process, while flexible mortgage features such as payment frequency and lump sum payments allow you to adapt your payments to fit your needs.
Find out if you’re eligible for a TD mortgage
Even if you have no credit history, you may qualify for a TD mortgage or TD Home Equity FlexLine if:
- You are a permanent resident or have applied to become a permanent resident in Canada
- You have been in Canada for 5 years or less
1 You may be eligible for a TD mortgage, even if you have no Canadian credit history, provided you meet all of the other eligibility and credit criteria of TD Canada Trust. Lack of Canadian credit history is only available to customers who have been permanent residents in Canada less than 5 years.
TD can help you achieve your goals
Eligibility requirements
The New to Canada banking package is available if you:
- Have been a Permanent Resident or Temporary Resident of Canada for 5 years or less
- Provide proof of your status through your Permanent Resident Card or Temporary Permit
- Have never opened or held a TD chequing account
- Are the age of majority in your province or territory of residence
What to bring to the branch
When you visit a TD branch, bring 1 of the following pieces of residency identification with you:
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Permanent Resident Card
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Immigrant Visa and Record of Landing (IMM Form #1000)
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Confirmation of Permanent Residence (IMM Form #5292/5688) OR Temporary Work Permit (IMM Form #1442/1102) OR Study Permit (IMM Form #1208)
And bring 1 of the following pieces of personal identification with you:
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A valid passport
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Canadian driver’s licence
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Canadian Government ID Card
International Students are also required to provide Proof of enrollment in a post-secondary program. The document provided must have been issued by the school and contain the following information: Student Name, Name of University or College, Program and current year of study
Note: Other identification documents may be acceptable or required. Please visit a TD branch for details.