Compare Canadian Banks Online - Comparewise

Find Deals on Brands in Banks

Save on finance, tech, and more.

Banks

Tangerine is an online-based bank that offers more interest with no banking fees. Their goal is to provide easy and simple everyday banking to Canadians. Tangerine Features One of the benefits you can access from Tangerine is its savings accounts which...
  • Services: 2
  • Rating: 5.0
Meridian is a credit union based in Ontario that provides quality banking services such as personal banking, business banking and wealth advice. With over 365,000 members, they strive to continuously find ways to innovate their products for Canadians to...
  • Services: 5
  • Rating: 2.5
CIBC is a North American financial institution dedicated to providing high-quality client experience and shareholder returns through its personal, business and commercial services. With over 11 million clients in Canada, the United States and around the...
  • Services: 7
  • Rating: 5.0
Since 2017, Simplii has provided full-service banking to ensure its members get the best savings and efficient financial management. Currently, almost two million clients have found a simple way of banking with Simplii, backed by CIBC, a bank with over 150...
  • Services: 5
  • Rating: no reviews
Innovation Credit Union is a digital-based credit union that provides banking services so that Canadians can reach their financial goals. With over 57,000+ members, they strive to think beyond and continue to look for ways to evolve banking. Innovation Credit...
  • Services: 1
  • Rating: no reviews
One of the well-known banks in Canada, National Bank, provides innovative ways for personal banking. They offer services for mortgages, credit cards, accounts, borrowing options and savings and investments. Today, they have over a dozen partnerships,...
  • Services: 1
  • Rating: 5.0
Equitable Bank provides a range of residential lending, commercial lending, savings with high-interest savings products and GICs. Join now to get 10x the interest in comparison to traditional banks. EQ Bank Features Founded in the 1970s, EQ Bank has seen...
  • Services: 2
  • Rating: 5.0
Coast Capital Savings is a financial co-op that puts the success of its members first. Coast Capital doesn’t just daydream about a better financial future for their members, they actively work with members and offer advice and tools to help you build a...
  • Services: 5
  • Rating: 4.0

Browse calculators by type

One of the most successful fields in Canada is acc...

There is plenty of app brands and development comp...

Canada has a pretty traditional banking structure ...

Bookkeeping is an essential part of business, and ...

Accidents happen all the time, and business insura...

You might be looking for the best business loan br...

Finding the best car insurance brands is quite cru...

Do you want to find car loan brands that are suita...

A credit report brand is a company that collects a...

If you're thinking of digital trading assets, you ...

Best debt consolidation brands help you get back o...

Many Canadians who own their home find themselves ...

Finding the best insurance brands might be the mos...

Canada attracts a lot of talent through companies ...

Installment loans are a great way to pay off emerg...

Canada offers fantastic investment opportunities f...

Getting yourself insured by the best life insuranc...

Check out the top money transfer brands with Compa...

Finding the right mortgage brands can save you mon...

Many Canadians apply for a loan or credit card at ...

Software brands include a variety of innovative pl...

Tax preparation is an essential part of every busi...

Canada is very tech-savvy, and there is a wide ran...

Top Banks in Canada

Canada has a pretty traditional banking structure that includes some top banks. The country has over 35 domestic banks and 27 full-service foreign bank branches. It also has over 17 foreign bank subsidiaries and four foreign lending branches. They have a group of banks known as the big five banks. These are the largest banks in the country available to the public for depositing, withdrawing, and seeking loans.

Popular Banks in Canada

There are a few popular banks in Canada that you can choose for your financing needs.

Coastal Capital Savings

Coastal Capital Savings is one of the leading banks in Canada. This is a credit union bank, which means that all the bank members are its owners. It is operational in British Columbia and has over 52 branches spread across the state. With over 535,000 members, it's one of Canada's largest credit unions and banks.

The bank is well trusted among Canadians and has over $25.2 billion in assets. They offer all the personal banking and investment services that a traditional bank provides to its citizens. When you are a part-owner of the bank, you get access to certain member benefits, like lower service fees.

Tangerine

Tangerine is one of Canada's oldest and most popular digital banks. It was established in 1997. They are not like your typical traditional banks. Even though they do not have a brick-and-mortar store, they are much more than just a website on the internet. They pass down more savings and profits to their clients.

There are two ways to access banking services offered by Tangerine. You can access their digital banking services through desktop or mobile. Or you can get free access to over 3500 ABMs. If you want to bank via your telephone or have a query, you can contact their customer service anytime.

Tangerine helps Canadians live their dream lives and achieve their financial goals. You can lock in your savings and earn over 2.11% for the first nine months. This digital bank offers saving, spending, investing, and borrowing options.

National Bank

The National Bank of Canada is the sixth-largest bank in the country. This makes it one of the most popular and trustworthy bank brands. The bank was established in 1979 and is headquartered in Montreal. National Bank of Canada has branches in most Canadian provinces and serves over 2.4 million personal clients.

This popular and one of the largest bank brands has 939 automated teller machines and 422 branches in Canada. You can open a checking, high-interest savings, and a USD progress bank account. The National Bank also gives you access to credit cards. These include Mycredit, World Elite, Allure, and MC1 Mastercards.

National Bank of Canada also lets you borrow money in terms of loans or lines of credit. You can also apply for a mortgage or a savings and investment option. The insurance option offered by the bank offers travel, loan and line of credit, credit card, and mortgage insurance.

Discover Investment Opportunities

Make your money do more.

12 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Young investors can trade stocks and ETFs, all for free.
Min Investment
$0
Target Return
Varied
Get 50 Free Trades on Canada's #1 trading platforms.
Min Investment
$0
Target Return
Varied
Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
$100
Target Return
4-7%
Earn passive income, start investing in real estate.
Min Investment
$1
Target Return
Varied
Use code KKZH8A when you sign up to get 2 free stocks
Min Investment
$1
Target Return
Varied
Get a $50 bonus when you sign up and deposit $250.
Min Investment
$50
Target Return
Varied
A new passive income asset class, peer-to-peer lending.
Min Investment
$1
Target Return
Varied
Retire up to 30% wealthier with Questwealth Portfolio.
Min Investment
$1
Target Return
Varied
Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Buying and seucring gold has never beeng more simple and affordable.
Min Investment
$1
Target Return
Varied
Get a $25 bonus when you sign up and trade.
Min Investment
$10
Target Return
Varied
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%
August 13, 2022
Fact Checked

FAQs about
Banks in Canada

What Is the Best Bank to Use in Canada?

The best bank depends on your financial requirements. This includes your average monthly transactions, location, whether you need assistance and require premium benefits.

What Is the Number One Bank in Canada Right Now?

Currently, the number one bank in Canada is the Royal Bank of Canada. It has the largest market cap and exceeds other banks in asset size. The second-largest bank based on the same metrics is the Toronto-Dominion Bank.

Which Bank in Canada Has No Monthly Fees?

If you want a bank with no monthly fees, you should opt for an online bank. Online banks have no physical branches, making them cut down their operational costs. So if you choose an online bank, you will have to pay a very minimal fee for every banking transaction.

Which Bank Is the Best Online Bank in Canada?

EQ Bank is the best online bank for savings, whereas, for checking accounts, Simplii Financial is the best.

Is My Money Safe in Canadian Banks?

Canadian banks are pretty stable. The CDIC (Canadian Deposit Insurance Corporation) insures the deposit in its member banks for up to $100,000 per account.

Car loan?
Personal Loan?

Top deals await you just a short
application away!