WHICH BANK IS BETTER FOR INTERNATIONAL STUDENTS?
At a glance, finding the right bank account as a student seems dull and monotonous, but it’s still one of the most vital aspects of ensuring your success as a student outside of the classroom.
Believe it or not, there are quite a few perks that come with student bank accounts that should be taken advantage of during your time on campus. Some of these benefits include no monthly account fees, student-tailored promotions, and unlimited point-of-sale transactions, to name a few
The average bank account can cost you around $15 each month or $180 per year. That’s why a student bank account can save you a lot of money and is worth looking into. Whether you’re part-time or full-time, a college freshman or university grad, finding a bank account doesn’t need to be a difficult process.
One should always prefer a bank with no international wire transfer fees, no minimum balance, no account fees, no ATM fees and secure. North loop is the best bank for international students as it provide you with all these facilities where you can open your zero balance account without any account fees.
Opening an account with a foreign bank. This is definitely a practical option for students studying abroad, especially those going for the whole year. ... Foreign bank accounts solve the problem of ATM fees, and are useful if you start working/receiving a paycheck, or if you want to get a monthly cell phone plan.
PREFERRED STUDENT BANKS IN CANADA
The Best Bank Accounts for Students in Canada
Below are the best student bank accounts in Canada, which include options from brick-and-mortar and digital-only Canadian banks. Depending on how often you withdraw cash, whether you prefer to earn points on your debit purchases or want unlimited transactions and Interac e-transfers, the list of accounts below should have an option for you. We’ve also added a few savings and investment options that can set you up for a better financial future early on.
The best student bank accounts in Canada
The majority of Canada’s financial market is dominated by six big banks, all of which offer accounts with special benefits for students.
Below, you’ll be able to find the best bank account with options catered for a student’s financial needs. In most cases, you can open a bank account online from the comfort of your own home.
The best student bank accounts at a glance
- Scotiabank Student Banking Advantage Plan
- CIBC Smart for Students Chequing Account
- BMO Plus Student Chequing Account
- RBC Student Chequing Account
- TD Student Chequing Account
- National Bank Student Chequing Account
