{"id":45047,"date":"2023-12-28T12:41:24","date_gmt":"2023-12-28T17:41:24","guid":{"rendered":"https:\/\/hardbacon.ca\/non-classifiee\/best-banks-ontario\/"},"modified":"2026-08-20T14:51:08","modified_gmt":"2026-08-20T18:51:08","slug":"best-banks-ontario","status":"publish","type":"post","link":"https:\/\/hardbacon.ca\/en\/banking\/best-banks-ontario\/","title":{"rendered":"The 10 Best Banks &amp; Credit Unions in Ontario"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Hardbacon-10-Best-Banks-in-Ontario-1-781x1024.png\" alt=\"\" class=\"wp-image-261061\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\">When it comes to choosing who to bank with, picking the right one can be challenging. If you&#8217;re looking for a comprehensive banking solution that covers chequing, savings, investments, and credit cards, the decision can become even more complex. That&#8217;s where our review comes in.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hardbacon has meticulously compared most of the available banks in Ontario, looking at a combination of factors including product offerings, rates, and customer service. In our search for the best bank in Ontario overall, we have included three of Canada&#8217;s Big Banks and a few exciting picks that may be unfamiliar to you.&nbsp;<\/p>\n<\/div>\n<\/div>\n\n\n    <div class=\"best-table\">\r\n        <div class=\"best-table__head\">\r\n                            <div class=\"best-table__head-item\">Bank or Credit Union<\/div>\r\n                                        <div class=\"best-table__head-item\">Best<\/div>\r\n                    <\/div>\r\n                                    <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#1-eq-bank-best-no-fee-account\">EQ Bank<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">For No-Fee Accounts<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-2-neo-financial-best-for-cash-back\">Neo Financial<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">For Cash Back<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-3-scotiabank-big-bank-with-competitive-rates-fees-and-benefits\">Scotiabank<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Big Bank with Competitive Rates, Fees and Benefits<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-4-meridian-credit-union-best-alternative-to-traditional-banks\">Meridian<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Alternative to Traditional Banks<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-5-bmo-best-for-newcomers-to-canada\">BMO<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">For Newcomers<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-6-alterna-savings-best-digital-bank-with-in-person-support\">Alterna Savings<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Digital Bank with In-Person Support<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-7-koho-best-prepaid-card\">KOHO<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">For Its Prepaid Card<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-8-toronto-dominion-bank-td-bank-best-big-bank-with-a-user-friendly-app\">TD<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Big Bank with a User-Friendly App<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-9-tangerine-best-online-bank\">Tangerine<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Online Bank<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-10-simplii-financial-send-money-to-family-and-friends-internationally\">Simplii Financial<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">To Send Money Internationally<\/div>\r\n                <\/div>\r\n                        <\/div>\r\n        <script type=\"application\/ld+json\">\r\n        {\r\n          \"@context\": \"https:\/\/schema.org\",\r\n          \"@type\": \"ItemList\",\r\n          \"url\": \"https:\/\/hardbacon.ca\/en\/en\/banking\/best-banks-ontario\/\",\r\n          \"name\": \"The 10 Best Banks &amp; Credit Unions in Ontario\",\r\n          \"description\": \"Hardbacon has meticulously compared most of the available banks in Ontario, looking at a combination of factors including product offerings..\",\r\n          \"itemListOrder\": \"https:\/\/schema.org\/ItemListOrderDescending\",\r\n          \"itemListElement\": [\"EQ Bank\",\"Neo Financial\",\"Scotiabank\",\"Meridian\",\"BMO\",\"Alterna Savings\",\"KOHO\",\"TD\",\"Tangerine\",\"Simplii Financial\"]        }\r\n    <\/script>\r\n\n\n\n<h2 id=\"h-factors-to-consider-when-choosing-a-credit-union-or-bank-in-ontario\" class=\"wp-block-heading\">Factors to consider when choosing a credit union or bank in Ontario<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When picking the perfect financial institution, you want to ensure you choose a winner. Here are some key factors to remember when you&#8217;re searching for your money&#8217;s perfect match.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first is reputation and trustworthiness.<strong> <\/strong>Look for institutions with a strong track record and a trusted name in the industry, indicating reliability and integrity. Accessibility and convenience are also important factors to consider.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Evaluate the availability of branches and the user-friendliness of their digital banking platforms. Another good idea is to research the range of products offered, including interest rates, loans, mortgages, and investment options. Consider the institution&#8217;s fee structure to avoid unexpected charges. Lastly, prioritize customer service and support. Look for institutions with responsive and knowledgeable staff who can assist you quickly through various channels such as phone, live chat, or email.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now that we\u2019ve covered what you should be looking out for when choosing your next bank or credit union in Ontario, let\u2019s go ahead and cover the options at your disposal. Please note that the list of banks and <a data-lasso-id=\"281645\" href=\"https:\/\/www.central1.com\/list-on\/\" rel=\"nofollow noopener\" target=\"_blank\">credit unions<\/a> mentioned is for illustrative purposes only and not an endorsement of any specific institution. Furthermore, the options are listed in no particular order. Conduct your own research and consider your individual financial needs before making a decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. EQ Bank &#8211; Best No-Fee Account<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-54.png\" alt=\"\" class=\"wp-image-266390\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">EQ Bank is a digital bank in Canada that challenges traditional brick-and-mortar banking models by offering no-fee accounts and high interest rates. Although they do not provide a true chequing account, their Personal Account comes with a <a href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&amp;offerid=1115263.14&amp;type=3&amp;subid=0\" rel=\"nofollow noopener\" target=\"_blank\">prepaid Mastercard and offers no-fee ATM withdrawals in Canada<\/a>, resembling the features of a chequing account. EQ Bank also reimburses third-party ATM fees for up to five withdrawals per month, up to $5 per withdrawal. With a focus on transforming traditional banking, EQ Bank offers a range of savings accounts, including their <a href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&amp;offerid=1115263.5&amp;type=3&amp;subid=0\" rel=\"nofollow noopener\" target=\"_blank\">EQ Bank Personal Account<\/a>, which has no monthly fees or minimum balance requirement and offers a 1.00% base interest rate, or 2.75% with qualifying recurring direct deposits of at least $2,000 per month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They also offer<a data-lasso-id=\"308084\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&amp;offerid=1115263.13&amp;type=3&amp;subid=0\" rel=\"sponsored nofollow noopener\" target=\"_blank\"> joint savings accounts<\/a>, TFSA and RSP savings accounts with impressive interest rates, and a USD Account for Canadians with U.S. funds. Additionally, EQ Bank provides guaranteed investment certificates (GICs) with competitive rates, including 3.40% on a one-year term. The bank provides a mobile app for convenient account management, enabling customers to view their accounts, purchase GICs, deposit cheques, transfer funds, and more. Their customer service is accessible through a virtual assistant or helpline.<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/63d2cb6a18196b6d2e1928c2_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&#038;offerid=1115263.14&#038;type=3&#038;subid=0\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">EQ Bank Card<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">offerTitle:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Earn 0.5% cash back on all purchases with the EQ Bank Card <\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">This no-fee prepaid Mastercard has no foreign transaction fees. EQ Bank charges no fees for Canadian ATM withdrawals and reimburses ATM operator fees up to $5 per withdrawal, up to five times per month.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&#038;offerid=1115263.14&#038;type=3&#038;subid=0\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-2-neo-financial-best-for-cash-back\" class=\"wp-block-heading\">2. NEO Financial &#8211; Best for Cash Back<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-55.png\" alt=\"\" class=\"wp-image-266400\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Neo Financial is a new platform that partners with reputable institutions like <a data-lasso-id=\"308086\" href=\"https:\/\/www.businesswire.com\/news\/home\/20210113005320\/en\/Neo-Financial-Teams-Up-With-Concentra-Bank-to-Offer-Neo-Savings-the-First-Canadian-Fintech-to-Offer-a-CDIC-Eligible-High-Interest-Savings-Account\" rel=\"nofollow noopener\" target=\"_blank\">Concentra Bank<\/a> and OneVest to offer a range of unique financial products. Deposits made into Neo&#8217;s online bank accounts are insured by CDIC, providing security for your funds. Starting with the pros, Neo stands out with its attractive cashback rewards with a handful of merchant partners. Their <a href=\"https:\/\/api.fintelconnect.com\/t\/l\/61859672d3d212001de1dfd0\" rel=\"sponsored nofollow noopener\" data-lasso-id=\"308169\" target=\"_blank\">Neo money account<\/a> can also be used as a <a data-lasso-id=\"290433\" href=\"https:\/\/hardbacon.ca\/en\/category\/banking\/high-interest-savings-accounts\/\">high-interest savings account<\/a>, which consistently adjusts to market conditions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sounds great, right? It is &#8211; but it&#8217;s important to note that their cash back rewards vary based on their partners, and they will offer between 0.5% and 15%, depending on the specific offer. It also offers competitive mortgage rates, making it an appealing choice for those seeking financing. Neo&#8217;s app provides convenient features like auto deposits, auto-pay, and auto savings, allowing for seamless banking experiences.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While their cashback credit card shows promise, other platforms like KOHO excel in banking and saving alternatives, while <a href=\"https:\/\/wealthsimple.sjv.io\/c\/445127\/1333302\/5571\" rel=\"sponsored nofollow noopener\" target=\"_blank\">Wealthsimple trade<\/a> dominates in investing. Neo&#8217;s savings accounts lack robust features compared to other platforms. When it comes to their credit card offerings, Neo provides customizable options with attractive cashback rates. Overall, Neo Financial presents a range of products and features that cater to different, specific financial needs.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20 sm:w-[calc(100%-60px)] md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-cards-canada\/#h-15-neo-secured-credit-card-best-secured-credit-card-canada\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"absolute top-full left-1\/2 transform -translate-y-2\/5 -translate-x-1\/2 sm:-top-22 sm:-right-10 sm:-right-15 sm:left-auto sm:translate-x-0 sm:translate-y-0\">\n\t\t\t\t\t<img decoding=\"async\" class=\"max-w-30 max-h-30 w-auto h-auto\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/6209e06d9c5f4c05c0de0111_offer_cc_badge\" alt=\"Offer Badge\">\n\t\t\t\t<\/a>\n\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/6209e06d9c5f4c05c0de0111_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6209def30d1a89001d37ad93\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Neo Mastercard - Secured<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Requires the Build membership for $7.99\/month<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee Promotion:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Waived with $5K+ balance across your Neo accounts<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Between 19.99%-29.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Start building with Canada\u2019s first credit card designed to grow with you. Receive guaranteed, instant approval, guided credit building tools, and 1% cashback on gas & groceries.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6209def30d1a89001d37ad93\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-3-scotiabank-big-bank-with-competitive-rates-fees-and-benefits\" class=\"wp-block-heading\">3. Scotiabank &#8211; Big Bank with Competitive Rates, Fees and Benefits<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-56.png\" alt=\"\" class=\"wp-image-266411\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Scotiabank, has over 900 branches and a strong digital presence in Canada. The bank&#8217;s online banking portal and mobile app provide convenient access to various banking functions, including bill payments, money transfers, credit score monitoring, and investment tracking. Scotiabank&#8217;s acquisition of Tangerine in 2012 further expanded its digital offerings, catering to customers looking for fully online banking options.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They offer a diverse range of account types, including <a data-lasso-id=\"308089\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&amp;offerid=1259218.19&amp;type=3&amp;subid=0\" rel=\"sponsored nofollow noopener\" target=\"_blank\">savings accounts<\/a> with competitive interest rates and <a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6541a28ea48d55001b41ed1b\" rel=\"sponsored nofollow noopener\" target=\"_blank\">chequing accounts<\/a> with various fee structures and benefits. Scotiabank\u2019s <a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6541a37921f7d2001c8070c6\" rel=\"sponsored nofollow noopener\" target=\"_blank\">eHOME mortgage<\/a> also stands out due to its flexible payback rules. The mortgage has unique features such as miss-a-payment and match-a-payment programs. Overall, Scotiabank&#8217;s diverse range of products and services make it a great choice for Ontarians seeking a globally recognized banking institution.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t<span class=\"absolute left-3 right-3 sm:right-auto bottom-full bg-primary-dark text-white text-center text-sm md:text-base font-medium py-2 px-8 rounded-t-lg w-content mx-auto\">\n\t\t\t\t\tEarn up to $625 in value*\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/5f0888f22925ca473cfc9c9a_offer_checking_account\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/696e4e5bb233d8f7b71da0a3\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Preferred Package for Students and Youth<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Monthly Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$0<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Earn up to $625 in value* with the Scene+\u2122 Student Banking Bundle:<br><br>\u2022 $200 cash offer when you open a new Preferred Package for Students and Youth<br>\u2022 Earn 5% cash back on up to $2,000 in everyday purchases for the first 3 months (up to $100 value) with a Scotia Momentum\u00ae No-Fee Visa Card*<br>\u2022 Earn 2,500 Scene+ points ($25 value) when you combine your account with a new Money Master Savings Account<br>\u2022 Earn 30,000 Scene+ points ($300 value) when you bundle all three products and complete the qualifying requirements<br><br>Conditions apply. Offer ends November 1, 2026.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Legal note:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">You are eligible for the Preferred Package for Students and Youth (chequing account) if you are under 25 years of age or are enrolled full-time in a university, community college, or another recognized post-secondary institution in Canada or the United States. You will be required to confirm your student status by providing proof of enrollment.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/696e4e5bb233d8f7b71da0a3\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-4-meridian-credit-union-best-alternative-to-traditional-banks\" class=\"wp-block-heading\">4. Meridian Credit Union &#8211; Best Alternative to Traditional Banks<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-58.png\" alt=\"\" class=\"wp-image-266431\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Meridian Credit Union, the largest credit union in Ontario and the second largest in Canada, offers a comprehensive range of products and services to cater to the diverse needs of Canadians. With offerings that include Visa credit cards, <a data-lasso-id=\"308093\" href=\"https:\/\/api.fintelconnect.com\/t\/l\/623b2f77c16fe7001c903cb1\" rel=\"sponsored nofollow noopener\" target=\"_blank\">competitive mortgage rates<\/a>, wealth management, and various bank accounts, Meridian stands out as an appealing choice. What sets Meridian apart is its commitment to providing competitive rates and attractive products, making it a compelling alternative to traditional banks and other competitors.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a Meridian member, you have the flexibility to bank anytime, anywhere, and on any device. Whether it&#8217;s online banking, phone assistance, or mobile banking, you can access your accounts with ease. For those who prefer a more conventional approach, Meridian&#8217;s 89 branches and Phone Contact Centre are available to serve your needs. While Meridian primarily operates in Ontario, their subsidiary, <a data-lasso-id=\"308094\" href=\"https:\/\/www.motusbank.ca\/About-Us\/News-and-media\" rel=\"nofollow noopener\" target=\"_blank\">motusbank<\/a>, extends their services to the rest of Canada (excluding Quebec). Meridian also offers a range of business Visa credit cards with cash back rewards and various benefits, including fraud monitoring and comprehensive insurance coverage.&nbsp;It&#8217;s also worth mentioning that Meridian is protected by provincial <a data-lasso-id=\"290430\" href=\"https:\/\/www.fsrao.ca\/consumers\/credit-unions-and-deposit-insurance\" rel=\"nofollow noopener\" target=\"_blank\">credit union deposit insurance<\/a> rather than federal CDIC.<\/p>\n\n\n\n<h2 id=\"h-5-bmo-best-for-newcomers-to-canada\" class=\"wp-block-heading\">5. BMO &#8211; Best for Newcomers to Canada<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-59.png\" alt=\"\" class=\"wp-image-266441\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/api.fintelconnect.com\/t\/l\/631b63a9a2a10a001c670715\" rel=\"sponsored nofollow noopener\" data-lasso-id=\"308095\" target=\"_blank\">BMO<\/a> caters to both newcomers and long-term Ontarians with a wide array of financial services. Their <a href=\"https:\/\/api.fintelconnect.com\/t\/l\/637b8cbf78d520001c4327e9\" rel=\"nofollow sponsored noopener\" target=\"_blank\" data-lasso-id=\"308096\">NewStart program<\/a> offers benefits like a year&#8217;s free banking, a free safety deposit box, and no-cost international transfers. This program, open to foreign workers, permanent residents, and students, also provides varied credit card options without needing credit history. Additionally, BMO offers occasional sign-up bonuses. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For all Ontarians, BMO offers competitive products such as the <a href=\"https:\/\/ad.doubleclick.net\/ddm\/clk\/322567155;152323334;x\" rel=\"sponsored nofollow noopener\" data-lasso-id=\"308097\" target=\"_blank\">BMO InvestorLine<\/a>, a self-directed investment platform for savvy investors and a <a data-lasso-id=\"305687\" href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-bmo-credit-cards\/\">suit of credit cards<\/a> that include both <a href=\"https:\/\/www.bmo.com\/main\/personal\/credit-cards\/2-cashback-offers\/?ecid=af-US33262CC4-SJBMO15&amp;utm_source=BMOMastercard-AffiliateTracking&amp;utm_medium=Hardbacon&amp;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_NFCB_5-CB-3-GROCERY_January2022&amp;utm_content=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_NFCB_5-CB-3-GROCERY_January2022?ecid=af-US33262CC4-SJBMO15&amp;utm_source=BMOMastercard-AffiliateTracking&amp;utm_medium=Hardbacon&amp;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_NFCB_5-CB-3-GROCERY_January2022&amp;utm_content=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_NFCB_5-CB-3-GROCERY_January2022\" rel=\"nofollow sponsored noopener\" data-lasso-id=\"308098\" target=\"_blank\">Mastercard<\/a> and <a href=\"https:\/\/www.bmo.com\/main\/personal\/credit-cards\/compare-bmo-eclipse-visa-infinite-cards\/?ecid=af-FEAT2190CC4-EYBMO17&amp;utm_source=BMOMastercard-AffiliateTracking&amp;utm_medium=Hardbacon&amp;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_EVIP_50000-POINTS_December2020&amp;utm_content=CC_EVIP_1x1_499AnnualFee_EN_50000-POINTS_APPLYNOW?ecid=af-FEAT2190CC4-EYBMO17&amp;utm_source=BMOMastercard-AffiliateTracking&amp;utm_medium=Hardbacon&amp;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_EVI_40000-POINTS-FYF_December2020&amp;utm_content=CC_EVI_1x1_FYF_EN_40000-POINTS_APPLYNOW\" rel=\"nofollow sponsored noopener\" data-lasso-id=\"308099\" target=\"_blank\">Visa<\/a> cards. <a href=\"https:\/\/api.fintelconnect.com\/t\/l\/631b63a9a2a10a001c670715\" rel=\"sponsored nofollow noopener\" data-lasso-id=\"308100\" target=\"_blank\">Their mortgage products<\/a> are also highly competitive, featuring diverse options to suit different needs. Their robust, user-friendly digital banking platforms ensure a secure experience for all customers, irrespective of their digital proficiency. All funds, including those in NewStart, are CDIC insured.<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t<span class=\"absolute left-3 right-3 sm:right-auto bottom-full bg-primary-dark text-white text-center text-sm md:text-base font-medium py-2 px-8 rounded-t-lg w-content mx-auto\">\n\t\t\t\t\tEarn up to $900* cash\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/6374252e4296bf656c803f8a_offer_checking_account\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/63c6b13bfc7069001bab776b\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Performance Chequing Account - BMO NewStart\u00ae Program<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Newcomers get up to a $900* cash bonus, plus a Walmart+ membership for up to 12 months*. Also, no monthly plan fees for 2 years*.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Legal note:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">*Conditions apply.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/63c6b13bfc7069001bab776b\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-6-alterna-savings-best-digital-bank-with-in-person-support\" class=\"wp-block-heading\">6. Alterna Savings &#8211; Best Digital Bank with In-Person Support<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-60.png\" alt=\"\" class=\"wp-image-266451\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.alternabank.ca\/en\/about-us\/\" rel=\"nofollow noopener\" data-lasso-id=\"308101\" target=\"_blank\">Alterna Bank<\/a> is a prominent digital bank in Canada, providing a range of financial services that include savings, chequing, investments, and mortgages. While Alterna Bank primarily operates online, customers can also access face-to-face service through Alterna Savings branch locations in Ontario. This hybrid approach ensures that you can enjoy the convenience of digital banking while still having the option for in-person support when needed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s important to note that while Alterna Bank provides a comprehensive range of banking services, including savings and chequing accounts, it currently does not offer a credit card. However, the bank excels in providing $0 fees for its eChequing account, high-interest savings account options, and a <a data-lasso-id=\"290432\" href=\"https:\/\/hardbacon.ca\/en\/banking\/cdic-coverage\/\">CDIC-insured<\/a> environment for enhanced security.<\/p>\n\n\n\n<h2 id=\"h-7-koho-best-prepaid-card\" class=\"wp-block-heading\">7. KOHO &#8211; Best Prepaid Card<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-61.png\" alt=\"\" class=\"wp-image-266461\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">KOHO is a prepaid card service that offers an alternative to traditional banking. With the <a href=\"https:\/\/kohofinancial.pxf.io\/c\/445127\/1277606\/15676?adtype=textlink&amp;adnetwork=Impact?id=rrfvo1Wz0rU&amp;offerid=1242908.150&amp;type=3\" rel=\"nofollow sponsored noopener\" target=\"_blank\" data-lasso-id=\"308102\">KOHO Mastercard Prepaid Card<\/a>, you can spend only what you have in your account, preventing overspending and maintaining control of your finances. It functions like a debit card but also offers <a href=\"https:\/\/kohofinancial.pxf.io\/c\/445127\/1434184\/15676\" rel=\"sponsored nofollow noopener\" data-lasso-id=\"308103\" target=\"_blank\">cashback rewards<\/a> and savings features typically associated with credit cards. Banking with KOHO can be especially helpful for those with bad credit or those looking to build their credit history.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">KOHO offers different plans with varying benefits, such as cashback on purchases and interest on your balance. The Easy plan has no annual fee and provides 1% cashback on groceries and transportation, while the Essential and Extra plans offer additional perks for a monthly fee. KOHO also emphasizes savings through features like RoundUps, which allows you to round up purchases and save the difference, and the Vault, which helps you set aside money for future use.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The KOHO app complements <a href=\"https:\/\/kohofinancial.pxf.io\/c\/445127\/1277606\/15676?adtype=textlink&amp;adnetwork=Impact?id=rrfvo1Wz0rU&amp;offerid=1242908.150&amp;type=3\" rel=\"nofollow sponsored noopener\" target=\"_blank\" data-lasso-id=\"308104\">the prepaid card<\/a> by providing real-time spending overviews and categorization of purchases. The bank is a great option for those who want to stay within their budget, earn cashback rewards, and have control over their spending. However, it may not be the best fit for those anyone who already has a bank account with premium features or extensive investment and retirement planning needs.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20 sm:w-[calc(100%-60px)] md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-cards-canada\/#h-11-koho-prepaid-mastercard-best-card-to-build-credit\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"absolute top-full left-1\/2 transform -translate-y-2\/5 -translate-x-1\/2 sm:-top-22 sm:-right-10 sm:-right-15 sm:left-auto sm:translate-x-0 sm:translate-y-0\">\n\t\t\t\t\t<img decoding=\"async\" class=\"max-w-30 max-h-30 w-auto h-auto\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/637cf8206bbb7962c19ae225_offer_cc_badge\" alt=\"Offer Badge\">\n\t\t\t\t<\/a>\n\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/637cf8206bbb7962c19ae225_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/kohofinancial.pxf.io\/c\/445127\/1277606\/15676?adtype=textlink&#038;adnetwork=Impact\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">KOHO Prepaid Mastercard Essential<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$48 (with an initial 30-day free trial, then $4\/month or $48\/year).<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee Promotion:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$0 if you deposit $1,000 per month to your KOHO Essential account OR set up a Recurring Direct Deposit.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Earn 1% cash back on transportation, groceries, and restaurants. Plus, start 30 day free trial.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Special Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Get $20 when you sign up for a KOHO account with code HARDBACON and unlock 5% savings interest!* Conditions apply.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/kohofinancial.pxf.io\/c\/445127\/1277606\/15676?adtype=textlink&#038;adnetwork=Impact\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-8-toronto-dominion-bank-td-bank-best-big-bank-with-a-user-friendly-app\" class=\"wp-block-heading\">8. Toronto-Dominion Bank (TD Bank) &#8211; Best Big Bank with a User-Friendly App<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-62.png\" alt=\"\" class=\"wp-image-266471\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.td.com\/ca\/en\/about-td\" rel=\"nofollow noopener\" data-lasso-id=\"308105\" target=\"_blank\">TD Bank<\/a>, also known as Toronto-Dominion Bank, is one of Canada&#8217;s leading financial institutions and a member of the Big Six banks. With a national customer base of over 13.5 million, TD Bank offers a comprehensive range of banking products and services for both individuals and businesses. Its extensive network includes branches and ATMs across Canada, except for Nunavut, and a user-friendly digital banking platform called <a href=\"https:\/\/www.td.com\/ca\/en\/personal-banking\/solutions\/ways-to-bank\/online-banking\" rel=\"nofollow noopener\" data-lasso-id=\"308106\" target=\"_blank\">EasyWeb<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The app has received extremely positive reviews from both Android and Apple users, emphasizing its convenience and ease of use. TD offers a wide range of account options, including savings and chequing accounts, <a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-td-credit-cards\/\" data-lasso-id=\"308107\">credit cards<\/a>, investment accounts, mortgages, and loans. Despite this, TD Bank remains a popular choice for Canadians who prefer a well-established institution that provides both in-person and online banking services.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/6334640861728a40bc5d854b_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/www.td.com\/ca\/en\/personal-banking\/products\/credit-cards\/cash-back\/cash-back-visa-infinite-card\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Apply now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">TD Cash Back Visa Infinite* Card <\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$139<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">20.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Cash Advance:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">22.99% (20.99% for Quebec Residents)<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/www.td.com\/ca\/en\/personal-banking\/products\/credit-cards\/cash-back\/cash-back-visa-infinite-card\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Apply now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-9-tangerine-best-online-bank\" class=\"wp-block-heading\">9. Tangerine &#8211; Best Online Bank<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-63.png\" alt=\"\" class=\"wp-image-266481\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Tangerine Bank is an ideal choice for Ontarians seeking a flexible and no-fee digital banking solution. With a wide range of account options, including <a href=\"https:\/\/hardbacon.ca\/en\/compare\/chequing-accounts\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"308108\">chequing accounts<\/a> with no monthly transaction fees, Tangerine is particularly well-suited for individuals who conduct frequent banking transactions. The bank&#8217;s digital approach makes it appealing to those who value the convenience of online banking and may not require the services of traditional brick-and-mortar branches.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When considering <a href=\"https:\/\/www.tangerine.ca\/en\/about-us\" rel=\"nofollow noopener\" data-lasso-id=\"308109\" target=\"_blank\">Tangerine Bank<\/a>, it&#8217;s essential to weigh the pros and cons. On the positive side, Tangerine provides a fully digital banking experience, offering convenience and flexibility. The bank offers a good selection of accounts and does not charge fees for daily chequing transactions or for using Scotiabank&#8217;s network of ABMs. However, it&#8217;s important to note that being an online-only bank means that customers cannot seek in-person assistance at branch locations. As a leading digital bank in Canada, Tangerine has a reputable history and significant influence on the digital banking landscape.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-affiliate-plugin-lasso\">\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t<span class=\"absolute left-3 right-3 sm:right-auto bottom-full bg-primary-dark text-white text-center text-sm md:text-base font-medium py-2 px-8 rounded-t-lg w-content mx-auto\">\n\t\t\t\t\tLimited time offer of 10% cash back!\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/5f34494292ec22115033b302_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/y2LWoWjmP\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Tangerine Money-Back Credit Card<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Free<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Balance Transfer Promotion:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">1.95% for 6 months<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Apply for the Tangerine Money-Back Credit Card and earn 10% cash back, up to $100, on your first two months of purchases. Plus, get a promo rate on balances you transfer for a limited time. This offer ends on November 30, 2026.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Legal note:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">*Conditions apply. Refer to Tangerine page for up to date offer terms and conditions.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/y2LWoWjmP\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<h2 id=\"h-10-simplii-financial-send-money-to-family-and-friends-internationally\" class=\"wp-block-heading\">10. Simplii Financial &#8211; Send money to family and friends internationally<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img decoding=\"async\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/08\/Untitled-design-64.png\" alt=\"\" class=\"wp-image-266491\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><a data-lasso-id=\"308110\" href=\"https:\/\/www.simplii.com\/en\/about-us.html\" rel=\"nofollow noopener\" target=\"_blank\">Simplii Financial<\/a> is an online-only bank that offers a wide range of financial products and services with a no-fee structure. While it provides full-service banking, including mortgages, lines of credit, and GICs, its interest rates are not as competitive as those of its competitors. One of the major advantages of Simplii Financial is the no monthly fee policy, allowing clients to enjoy unlimited transactions without incurring additional charges. The bank also provides attractive promotional offers, such as cash bonuses for new clients. Additionally, Simplii Financial offers a diverse selection of financial products to cater to various needs such as transferring money to over 90 countries with a Global Money Transfer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Clients of Simplii Financial have access to CIBC&#8217;s extensive ATM network, providing convenient cash withdrawal and deposit options. However, the bank falls short in terms of interest rates on <a data-lasso-id=\"308111\" href=\"https:\/\/api.fintelconnect.com\/t\/l\/61a7ec1b4e007b001d2bc9af\" rel=\"sponsored nofollow noopener\" target=\"_blank\">savings accounts<\/a>, offering lower to moderate rates compared to other digital banks. Simplii Financial may appeal to people who prioritize no-fee banking and value the convenience of an online-only bank. However, those seeking higher interest rates on savings accounts may find better options with other digital banks.&nbsp;<\/p>\n\n\n\n\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20 sm:w-[calc(100%-60px)] md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-cards-canada\/#h-16-simplii-financial-cashback-visa-best-credit-card-for-young-adults-in-canada\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"absolute top-full left-1\/2 transform -translate-y-2\/5 -translate-x-1\/2 sm:-top-22 sm:-right-10 sm:-right-15 sm:left-auto sm:translate-x-0 sm:translate-y-0\">\n\t\t\t\t\t<img decoding=\"async\" class=\"max-w-30 max-h-30 w-auto h-auto\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/61a1344886fe7e29f7ee241c_offer_cc_badge\" alt=\"Offer Badge\">\n\t\t\t\t<\/a>\n\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/61a1344886fe7e29f7ee241c_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/692f452ae85b72a08cf5f504\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Learn more<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Simplii Financial Cash back VISA* Card<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$0<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">21.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">offerTitle:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Get up to 20% cashback<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Get 20% cashback in your first 3 months on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $500 spend). Conditions apply. <\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Legal note:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">\u2020Terms and conditions apply. Click \u2018Apply Now\u2019 for complete details. Banking services are not available in Quebec.  <\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/692f452ae85b72a08cf5f504\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Learn more<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n<h2 id=\"h-the-bottom-line\" class=\"wp-block-heading\">The Bottom Line<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing the best bank in Ontario, just like <a href=\"https:\/\/hardbacon.ca\/en\/banking\/best-banks-in-canada\/\" data-lasso-id=\"305688\">choosing the best bank in Canada<\/a>, requires careful consideration of various factors such as reputation, accessibility, product offerings, fees, and customer service. Based on our analysis, the ten institutions that stand out as the best in Ontario include Tangerine, EQ Bank, Neo, Koho, Simplii Financial, Meridian Credit Union, Alterna Savings, TD Bank, CIBC, and Scotiabank. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ultimately, the best bank or credit union for you will depend on your specific preferences, needs, and financial goals.<strong> <\/strong>It is essential to conduct thorough research, compare the features and fees of different institutions, and consider your individual circumstances before making a decision on who to bank with.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to choosing who to bank with, picking the right one can be challenging. If you&#8217;re looking for a comprehensive banking solution that covers chequing, savings, investments, and credit cards, the decision can become even more complex. That&#8217;s where our review comes in. Hardbacon has meticulously compared most of the available banks in [&hellip;]<\/p>\n","protected":false},"author":147,"featured_media":45070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[195,406],"tags":[],"class_list":["post-45047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-best-banks"],"acf":{"has_no_offer_box":"0"},"_links":{"self":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts\/45047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/users\/147"}],"replies":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/comments?post=45047"}],"version-history":[{"count":0,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts\/45047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/media\/45070"}],"wp:attachment":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/media?parent=45047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/categories?post=45047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/tags?post=45047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}