This page compares 7 accounts available in Canada, listing minimum deposit, monthly fee, how to apply and non-resident eligibility one by one: 3 can be opened fully online, 0 explicitly accept non-residents, 7 have no minimum deposit. Click any account for the full document checklist, pros and cons and common rejection reasons.
Data updated 2026-10-01 · compiled from published bank terms
| Account | Region | Type | Minimum deposit | Monthly fee | How to apply | Non-residents | Rating |
|---|---|---|---|---|---|---|---|
| EQ Bank | Canada | Digital Bank | 无最低存款要求 | 零管理费 | Online | Not for non-residents | ★ 4.3 |
| Tangerine Bank | Canada | Digital Bank | 无首存要求 | 免月费 | Online | Not for non-residents | ★ 4.2 |
| Wealthsimple Cash | Canada | Digital Bank | 无最低存款要求 | 零管理费 | Online | Not for non-residents | ★ 4.2 |
| Scotiabank | Canada | Traditional Bank | 无首存要求 | 约 0–17 加元/月（可豁免） | Must visit | Conditional | ★ 4.1 |
| RBC Royal Bank | Canada | Traditional Bank | 无首存要求 | 约 0–17 加元/月（可豁免） | Must visit | Conditional | ★ 3.8 |
| TD Canada Trust | Canada | Traditional Bank | 无首存要求 | 约 0–17 加元/月（可豁免） | Must visit | Conditional | ★ 3.8 |
| BMO Bank of Montreal | Canada | Traditional Bank | 无首存要求 | 约 0–17 加元/月（可豁免） | Must visit | Conditional | ★ 3.6 |
None of the 7 accounts on this page is open to non-residents without conditions, but 4 accept foreigners who meet extra requirements (RBC Royal Bank, TD Canada Trust, Scotiabank) — typically a valid visa or residence permit, and usually an in-branch visit. See each account page for details.
Not necessarily. 3 of the 7 accounts can be opened fully online (Tangerine Bank, EQ Bank, Wealthsimple Cash), with no branch visit; the remaining 4 still require a branch visit or an appointment. Online opening depends on whether your documents pass automated checks.
Minimums vary widely — see the "Minimum deposit" column. 7 account(s) have no minimum deposit, so you need not fund on day one. Also watch the minimum balance and monthly fee; dormant accounts can incur charges.
It depends on the account: online accounts are usually approved within minutes to a few working days, while branch or manually reviewed accounts typically take 1 to 3 weeks. The "How to apply" column shows the channel for each account, and timings are on the individual pages.