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 Why newcomers bank with TD

  • Convenient banking

    Over 13.5 million customers trust us to serve them nationally at 1,000 branches and over 2,500 ATMs across Canada.

  • Bank anywhere, anytime

    Manage your money directly through the TD app. Tied for #1 in Banking Mobile App customer satisfaction by J.D. Power.1

  • Personalized advice in your language

    Get support in over 80 languages to help with your financial needs. 

  • Committed to supporting your banking needs

    Choose from a wide range of products that help support you along your financial journey.

Guiding you along your journey

As you learn to navigate your new life, we want to help you gain confidence about banking in Canada. That’s why at TD, we can help support you with:

Planning your move to Canada

  • I'm a permanent resident

    From opening a bank account to purchasing a home, we have products and services to help you every step of the way.

    Learn more

  • I'm a foreign worker

    We can help you set up your banking to reflect your unique needs and help you manage your finances while in Canada.

    Learn more

  • I'm an international student

    Get help with everything from opening a student bank account to budgeting, so you can feel confident with your finances while studying in Canada.

    Learn more

International Student GIC Program

Applying and participating in the TD International Student GIC program can help expedite your study permit application. International students looking to meet the Government of Canada's Student Direct Stream Program (the "SDS Program") guidelines can do so by opening a TD Student Chequing Account and by prefunding their required Guaranteed Investment Certificate (GIC) before arriving in Canada.

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Resources to help you get started

Frequently Asked Questions

Newcomers to Canada maybe considered as:

  • permanent residents,
  • refugees, and
  • temporary residents (students, workers or temporary resident permit holders). 2

A newcomer is someone who has immigrated to Canada within 5 years.

The bank account you'll typically use the most is a chequing account, which is where you can perform your day-to-day banking. In addition to a chequing account, you may also utilize a savings account to help you set some money aside. 

Once you start to settle in Canada, your needs may change and other accounts may be of value to you.

Yes, you will be able to open a bank account online. However, if you're looking to take advantage of the TD New to Canada Banking Package, you will be required to book an in-person appointment at your local TD branch in order to open an account.

If you currently live in China or India, you can call us to help you set up an account. However, you will have 75 days from your initial set up to visit a TD branch to activate your TD bank account.

Make sure you have your Canadian Immigration Visa ready when you call.

Once you arrive in Canada, visit a TD branch to activate your new bank account.

To open a bank account in Canada, you can simply book an appointment here to meet with a TD personal banker.

Protect yourself against fraud

While we make every effort to secure your personal information, there's plenty you can do to avoid falling prey to fraud and identity theft. Through awareness and good online habits, you can spot scam attempts and significantly reduce your risk before it happens.

  • How TD protects you

    Using security features and tools like TD Fraud Alerts, TD Transaction Alerts, Two-Step Verification, Card Controls, and more, we’re trying our best to help you safeguard your finances and protect you and your family from being victims of fraud.

    Explore more

  • Protecting yourself and your family

    Some scams are common to everyone, while others are designed to specifically target youth, seniors and newcomers to Canada. We can help you learn how to spot various fraud and scams aimed both at you and your loved ones.

    Find out how

More resources for newcomers

  • TD Global TransferTM

    An innovative marketplace to send international money transfers in more ways to more places.

    Learn more

  • New to Canada Booklet

    We understand the challenges of moving to a new country. Your financial journey in Canada begins here.

    Learn more

  • Financial Health Assessment Tool

    This tool can help assess your financial health and provide access to helpful tips and information.

    Get started

  • Guide to Canadian Banking Terms

    Get to know some common banking terms in Canada so you can feel more confident about banking in your new home.

    Learn more

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