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For newcomers to Canada, managing money efficiently is one of the most important steps toward financial stability. Traditional banking is evolving quickly, and mobile banking apps now offer a fast, secure, and convenient way to handle everyday finances. From paying bills and transferring money to setting budgets and building credit, Canada’s top banks and digital platforms make it easier than ever for immigrants to take control of their finances.
Here are the best mobile banking apps in Canada in 2025 for new immigrants.
1. RBC Mobile
The Royal Bank of Canada (RBC) offers one of the most advanced mobile apps, with features like bill payments, e-transfers, mobile cheque deposits, and budgeting tools. It also integrates with the Newcomer Advantage Program, making it perfect for immigrants.
2. TD Mobile App
TD Canada Trust provides a user-friendly app with account tracking, personalized spending insights, and investment access. For newcomers, TD’s app makes it easy to manage accounts opened through the New to Canada Banking Package.
3. Scotiabank Mobile Banking
Scotiabank’s app is integrated with the StartRight Program for newcomers. It includes credit score tracking, international transfers, and Scene+ rewards, making it a strong choice for immigrants and students.
4. CIBC Mobile Banking App
CIBC’s app is well-known for global money transfers with no fees, account management, and smart budgeting tools. It’s ideal for immigrants who need to send money abroad frequently.
5. BMO Mobile Banking
The Bank of Montreal app provides mobile cheque deposits, account alerts, and integration with the NewStart Program for newcomers. Its simplicity makes it perfect for those adapting to Canadian banking.
6. National Bank App
Very popular in Quebec, the National Bank app offers multilingual support, account management, and exclusive newcomer features such as access to special credit cards and mortgage solutions.
7. Simplii Financial Mobile App
Simplii is a digital-only bank offering an app with no-fee banking, unlimited transactions, and easy international transfers. Its simplicity appeals to immigrants who prefer mobile-first banking.
8. Tangerine Mobile App
Owned by Scotiabank, Tangerine’s mobile app offers 100% digital banking, no monthly fees, and cashback promotions. It’s one of the top-rated apps for newcomers who want convenience and flexibility.
9. EQ Bank Mobile App
EQ Bank’s app is perfect for immigrants seeking high-interest savings accounts, free e-transfers, and no monthly fees. It is fully digital and offers competitive international money transfer options.
10. KOHO Prepaid Card & App
KOHO is a fintech app offering prepaid Visa cards, budgeting tools, and cashback rewards. It’s especially helpful for newcomers who want to manage spending and build financial discipline without risking debt.
Tips for Newcomers Using Mobile Banking in Canada
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Choose an app that offers multilingual support if needed.
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Look for apps that include international money transfer options at low cost.
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Take advantage of built-in credit-building tools.
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Always enable two-factor authentication for security.
Final Thoughts
In 2025, mobile banking apps in Canada make financial management simple and accessible for new immigrants. Whether you prefer a traditional bank like RBC or a digital-only option like EQ Bank or KOHO, the right app can help you save money, send funds abroad, and build your financial future in Canada.
