Permanent Residents

We understand that as newcomers to Canada, setting up your life here is your top priority, and part of that is managing your finances. From opening a bank account to purchasing a home, we have products and services to help you every step of the way.

New to Canada banking package

From bank accounts to credit cards, TD has you covered with our New to Canada Banking Package.

Benefits of banking with TD as a newcomer

We understand that as a newcomer to Canada, you may not know where to start when it comes to managing your finances in a new country. But by banking with TD, we can help you find the right products to suit your banking needs, so you can bank with confidence. Take advantage of:

  • No monthly fees for 12 months on your TD Unlimited Chequing Account.1
  • 1 % bonus interest rate on your savings in the first 3 months with an eligible TD Every Day Savings Account.2
  • No annual fee on eligible TD Credit Cards.

Plus, earn up to 5.55%3 Savings Interest Rate by opening a new TD ePremium Savings Account by June 3, 2024:

  • Earn 3.70%3 Bonus Savings Interest Rate for 90 days on any balances up to $1,000,000.00
  • Earn a posted interest rate of 1.85%3 on balances of $10,000 or greater

How to build credit as a newcomer in Canada

  • Get your first credit card in Canada

    You can start building credit by using a TD credit card. Good credit can help when applying for certain jobs, a mortgage, etc.

  • Manage the spending on your credit card

    Spend wisely each month. It can help you stay within budget and help build a good credit history.

  • Be timely with credit card payments

    Pay your credit card balance each month before the due date. You'll help improve your credit score and avoid paying interest.

Resources to help get you started

Financing your first car in Canada

Looking to buy your first vehicle? TD Auto Finance can help with flexible financing for all newcomers to Canada who qualify.

To apply for a TD Auto Finance Loan:

  • Choose from fixed/variable rates and the term length that suits your needs.
  • Select a payment schedule that works for you.
  • Ask for a TD Auto Finance Loan when you're ready to purchase.

More resources for newcomers

  • Explore chequing accounts, savings accounts, credit cards and mortgages.

  • We make it easy to send money to over 200 countries and territories with TD Global TransferTM.

  • Bank online, in person or by phone. Plus, use the TD app for convenient banking on the go.

Get in touch

Have a question? Find answers here