Best Bank Accounts for International Students in Canada (2026)
No Canadian credit history needed. Find an account that keeps more money in your pocket while you study.
What international students need from a bank account
As an international student, your banking needs differ from those of a permanent resident or worker. You likely have a tighter budget, may receive money from family abroad, need to pay tuition, and may want to start building a Canadian credit history while you study.
The ideal student account has: no monthly fee (or a very low fee), free Interac e-Transfers, low or no minimum balance requirement, and easy access to a student credit card to start building credit.
Best bank accounts for international students
Documents needed to open a student account
Requirements vary by bank, but international students typically need:
- →Valid passport
- →Canadian study permit
- →Proof of enrollment at a Canadian post-secondary institution (letter of acceptance or enrollment confirmation)
- →Canadian address (on-campus or off-campus housing letter)
- →SIN if you have one (not always required)
Tip: Many banks have campus-based staff who specialize in opening accounts for new international students at the start of each semester. Check your university's financial aid or international student office for bank fairs in September and January.
Receiving money from family abroad
Many international students receive financial support from family. The cheapest ways to receive money from abroad into your Canadian account:
Start building credit while you study
If you plan to stay in Canada after graduation, starting to build credit as a student gives you a huge head start. A credit score built during your 2–4 years of study means you arrive on the job market with an established credit history.
Open a student credit card alongside your chequing account. Use it for small, regular purchases (groceries, transit) and pay it off in full every month. After 12 months you will have a meaningful credit score.