10 Top Canadian Banks

Canada is one of the few nations in the world that has a low density of population. This consequently has meant that there are only a handful of banks that are popular and offer a range of services. These banks, however, offer world-class matching features and customer support.

This list compiles the top Canadian banks as per their popularity.

Related Lists: (1) Canadian Shopping Websites (2) Canadian Universities (3) Canadian News Websites (4) US Banks.

TD Canada Trust

The TD Canada Trust also known as The Toronto-Dominion Bank was founded in 1955 and offers banking, business, and investment solutions along with several ways to be planned financially for the future. This bank offers four different banking accounts – checking, savings, US Dollar, and tax-free savings accounts. Credit cards and mortgages are also offered by the bank.

RBC Royal Bank

This bank was founded in 1864 and offers several major types of accounts including tax-free savings account. It also offers premium features like personal and VIP banking. Bank account features can be compared online before choosing and they can be managed through online and mobile banking. An advice center provides advice on various aspects like starting a business, investing, and loans. The company also has operations in many other countries.

Scotia Bank

The Scotiabank was founded in 1832 in Nova Scotia. They offers four major banking products – personal, corporate, commercial, and investment banking. Checking, student, savings, and senior are the different types of accounts that can be opened. There are several credit cards on offer at this bank including a credit card comparison tool. Insurance and investment products are also offered by this bank.

BMO – Bank of Montreal

BMO also known as The Bank of Montreal was founded in 1817. In addition to the usual types of banking accounts, the BMO financial group offers high interest savings, kids, and teen account types as well. The basics about mortgages and the rates offered are available along with a complete list of the available credit cards.


CIBC also known as Canadian Imperial Bank of Commerce was founded in 1867. They provides several different types of banking solutions in form of accounts, credit cards, loans, and mortgages. Each product comes with information about its fees, various calculators, and recommendations. Investment products like mutual funds and shares are also present.


National Bank of Canada was founded in 1859. They offers savings accounts divided into two aspects – transaction and credit accounts – each offering accounts that differ in aspects like deposits and withdrawals. The bank also offers several financial packages as well. These packages are available for both students and professionals.

PC Financial

President’s Choice Financial is a banking service from Loblaw Companies who are one of the leading food retailer in Canada. This bank provides zero charge savings account amongst several products. Investment avenues like mutual funds, low-cost borrowing options, and quick mortgage solutions are some of the different types of products available from this bank.

HSBC Canada

HSBC offers savings accounts, credit cards, travel insurance, and travellers cheques amongst its various banking products. An advice center provides help on various aspects like travel insurance, interest rates, and mortgages. The bank offers five different types of banking including telephone banking.


Desjardins offers personal and business banking solutions that offer different products like monthly plans for savings accounts, numerous insurance products, investment funds that offer guaranteed returns and market-linked returns. Several types of credit cards and loans are also provided by the bank.

Ing Direct

ING Direct offers different types of savings account, chequing solutions, mutual funds and mortgages. The bank also provides many calculators to determine the possible interest from the different saving accounts, while mortgage savings can also be calculated as well.

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