Scotia bank Student Banking Advantage Plan
Scotiabank is the best bank for banking for students in Canada.Scotiabank offers its customers its exclusive Student banking Aventage Plan Offer.
This Offer gives student unlimited e-transfers, as well as unlimited transactions while allowning them to earn Scene+ points.
The Scene+ points can be redeemed for groceries. travel, dinning, entertainment, and mush more.
Welcome Bonus is earning $100 when you open a student chequing account.
Monthly Fees is $0, the Overdraft Protection is $250-$5,000, and the E-Transfer Limit is Unlimited.
The ATM Networks are Interac, Plus, Cirrus, Pulse, and Union Pay.
You have to provide your proof of being academic enrolled at the end of every academic year or the account will be converted to the preferred package.
Benefits:
Account holders can collect Scene + points with every transaction with their bank accounts.
The Scene + points can be converted to what the students want.
The students who want to get the bundle pack would get an additional bonus.
Drawback:
The account is only available to full time students only not part time.
You cannot keep the advantage plan offer after you leave school which means the account would be closed.
There are fees for bank draft and overdraft protection.
RBC Advantage Banking for Students
RBC is the best bank for post secondary students. RBC gives a student account with no monthly fee, and unlimited transactions. RBC also has no fee for using it at other ATM’s.
If you want a student credit card you can get :
Get 3,500 Welcome Points
No annual fee with an RBC Advantage Banking for students account.
Up to 7,000 Avion points which is $50 of value in gift cards!
Earn 3,500 bonus points when you spend $500 in your first 3 months.
Earn 3X Avion points for every $1 spent on groceries, food delivery, rides, gas, streaming, subscriptions, and much more!
Welcome Bonus is $100 when you complete an eligible transaction from your account.
The Monthly Fees is $0,the transactions limit is Unlimited, and the E-Transfers limit is Unlimited.
The ATM Networks are Plus, and Interac.
The Account Expires after Graduation Date
Benefits
You can earn Avion points on all transactions
Rebate of $48 on annual fee monthly on eligible credit cards
Drawbacks
You cannot keep this account after you graduate
There are fees for ATM use,bank draft and overdraft protection.
TD Student Chequing Account
The TD Student Chequing Account is the best student account for students under 23 years.
The TD Student Chequing Account offers unlimited transactions and e-transfers for no monthly fees completely free until you graduate.
You can get 50 % of Starbucks Rewards at Starbucks Locations.
Welcome Bonus is $200 when you open a chequing and a TD Rewards Visa Account
Monthly Fees is $0, the Transactions Limit is Unlimited, and the E-Transfer Limit is Unlimited.
The ATM Network is Interac.
After you turn 23 or after graduation, at which point it automatically switches to a regular account.
Benefits:
You could earn 50% rewards at Starbucks
The account is offered with overdraft protection with no fee,
Drawbacks
After you graduate your account switches to a regular account.
CIBC Smart Account for Students
The CIBC Smart Account for Students consist of unlimited transaction as well as e transfer with no monthly fee, 6 months after graduation.
The account gives student the benefits of the SPC rewards.
The Welcome Offer is $125 when you open a cheqing and complete the eligible transactions as well as a chance to win $35,000 in your tuition.
The Monthly Fee is $0, transaction Limit is unlimited, and E-Transfers Limit is Unlimited.
The ATM Networks: Interac, Plus, & Cirrus.
Six months after graduating you account would swich to the regular account.
Benefits
Students who have graduated are eligible for the account for a additional six months
Being enrolled in the SPC rewards, a student discount program.
You have the chance to win $35,000 in tuition.
Drawbacks
There are fees for using the non CIBC ATM.