Best Bank Account in Canada

Поділитися
Вставка
  • Опубліковано 9 лип 2024
  • Are you looking for a good bank account in Canada? In this video, I take a look at some bank accounts and give you my opinion. You should do your own research by going to each bank's website and comparing the various accounts to find the best one for your specific needs. I hope this video helps you!
    MY WEBSITE: metv.cool
    FACEBOOK: / madenglishtv
    INSTAGRAM: @madenglishtv
    PAYPAL: www.paypal.me/madenglishtv
    E-TRANSFER in Canada: madenglishtv@gmail.com
    PATREON: / metv

КОМЕНТАРІ • 284

  • @manach1643
    @manach1643 3 роки тому +54

    Him: You shouldn’t have only 5$ in your account that’s bad!
    Me *watching this with currently 3 cents in my account* : neat

  • @karandeepsingh7074
    @karandeepsingh7074 3 роки тому +12

    Lol u speak so politely. THE most Canadian Canadian I’ve ever seen 😂

  • @emadbek
    @emadbek 4 роки тому +11

    Thank you, this was so helpful. I am a newcomer to Canada, today I learned English and the banking information I need too. Keep it that way please.

    • @jamespacker1001
      @jamespacker1001 2 роки тому

      If you have Accounts Either New or Old let’s me Load it $50K then we split it💯

  • @valeria-militiamessalina5672
    @valeria-militiamessalina5672 3 роки тому +2

    This is so informative and helpful, thank you. Love your geeky demeanor.

  • @sreeja43
    @sreeja43 3 роки тому

    Thank you for this video. Great analysis👍🏼

  • @user-ti8wr1ce8g
    @user-ti8wr1ce8g 3 роки тому

    Hi Mark! Thanks a lot for your good information!

  • @NamanArya
    @NamanArya 4 роки тому +10

    Now that's a great comparision. Would appreciate if you could do a series catered to international students

  • @arvenebinny
    @arvenebinny 3 роки тому

    I had fun watching your video! informative as well.

  • @khalifsiyad4498
    @khalifsiyad4498 4 роки тому

    man your videos are great.thanks

  • @ravyravy1059
    @ravyravy1059 4 роки тому +2

    Great man, very helpful video, i just moved to Canada from Thailand, and yeah banking system are kinda different.
    Thanks and keep it up

  • @carmenamado5791
    @carmenamado5791 4 роки тому +1

    Hi, we are learning a lot with your videos, thank you very much. Regards.

  • @romina.b9025
    @romina.b9025 3 роки тому +1

    Your video was awesome and really informative for me. Thanks a lot🌹🌹🌹

  • @narayana1888
    @narayana1888 4 роки тому

    Great job Mark!!!!

  • @SamMcWhannel
    @SamMcWhannel 4 роки тому +17

    Great video, it might be nice to include some of the completely free accounts with no minimum balance offered by credit unions and some of the smaller banks.

  • @coolpras26
    @coolpras26 3 роки тому +3

    Every one of these banks has great student banking accounts, and they are almost the same with minor differences (say one offers some money, another offers scene points etc). But yes, for normal accounts for regular people, definitely TD seems like the best option for chequing account.
    Thank you for such wonderful informative videos. I just discovered you. Watched a bunch of your videos one by one, and subscribed too. Keep up the good one with informative videos.

  • @ajbchannel9719
    @ajbchannel9719 4 роки тому +2

    Perfect!
    We r waiting for u on saving account shortly

  • @rp3785
    @rp3785 3 роки тому

    Thank you for this video ! we are moving to Aanada and I was searching for which bank to open an account in . This video was really helpful !

  • @Anuradha-bd5bq
    @Anuradha-bd5bq 4 роки тому +6

    Wow !I am just going to open an account withTD next year when I land there 👍🏻 thank you so much for the video Mark 😃

    • @amasha88
      @amasha88 3 роки тому

      Yes, any updates :) ?

  • @nawaraviator9191
    @nawaraviator9191 4 роки тому +1

    Thanks a lot for this useful video 😘😘

  • @roromountain8507
    @roromountain8507 4 роки тому

    Thank you Mr Mark🎄🎄🎄

  • @ajaybirsinghsandhu6001
    @ajaybirsinghsandhu6001 4 роки тому

    Very informative video. Keep it up 👍🏻

  • @Vetgong
    @Vetgong 4 роки тому

    Hey Mark! Marvelous lesson! Thanks for teaching! Have a nice day and take care!

  • @muhammadsaghir7978
    @muhammadsaghir7978 2 роки тому +1

    Nice, very good explanation in easy way you are a good teacher, many love for you.

  • @pricharddeceus3332
    @pricharddeceus3332 4 роки тому +2

    Thanks for that greats sense of humor.

  • @advocaciadigital1374
    @advocaciadigital1374 2 роки тому

    great video!

  • @Cita-yf6lk
    @Cita-yf6lk 4 роки тому

    Hi dear teacher , thanks for your great videos 👍👍🙏🙏🙏

  • @01fedex
    @01fedex 6 місяців тому

    Hey teacher Mark! Thank you so much for this video. Very useful. And perfect pronunciation too, I didn't need to put captions on. Just moved to Canada one week ago, I'm still learning English! Looking forward to your next videos :)

  • @hetamin6177
    @hetamin6177 4 роки тому

    very informative thanks

  • @santosmelendez101
    @santosmelendez101 4 роки тому +4

    Hi, Mark. Interesting information and English vocabulary. By reading some of the comments I can tell that you are not only famous internatioanally, but in Canada as well. The train of thought well presented and understood. Great teacher!

  • @nasreboughdiri2815
    @nasreboughdiri2815 3 роки тому

    Thx man 👏👏👏

  • @MonchoChao
    @MonchoChao 4 роки тому +1

    Hey teacher :D nice video!, I learned a lot of stuff =)

  • @GemoLock
    @GemoLock 4 роки тому +6

    Less than a year, thousand of miles, and finally the topic of banks has appeared. Please make videos showing a conversation with bank employees on various topics. Thank you so much for all great videos you've done.

  • @pankajsarang1292
    @pankajsarang1292 4 роки тому

    Hi Mark great lesson thanks.

  • @Reddylion
    @Reddylion 3 роки тому +1

    Good info.

  • @roidapanggabean_40thn67
    @roidapanggabean_40thn67 4 роки тому

    thank you Mr for video GOD bless you

  • @joselozano6129
    @joselozano6129 4 роки тому

    Thanks fried very good information about the bank account 😆👍

  • @akasa2laoshi555
    @akasa2laoshi555 4 роки тому

    Thank you 💛

  • @christmoonable
    @christmoonable 4 роки тому +5

    Thank you for making this informative video, Mark. I have been with TD, on student account for four years. I don't have to pay monthly fees. That's good. But I am graduating next year. I don't think I can still be on student account after graduating. Your video gives me a thought what account I should choose if I am not on the student account anymore.

  • @user-xt6sh9wc8x
    @user-xt6sh9wc8x 2 роки тому

    Great video✍️👋

  • @rithik008
    @rithik008 4 роки тому

    You are great my friend

  • @helloworld8020
    @helloworld8020 6 місяців тому

    Thanks for clarifying those confusing rules of bank accounts

  • @carlyiqingchen103
    @carlyiqingchen103 2 роки тому

    Pretty nice. I would follow your instructions to find the one for myself.

  • @dondillon9581
    @dondillon9581 4 роки тому

    Does a transaction include swiping of cards at retail stores etc or is it only ATM transactions they are referring to?

  • @ketlydestin4656
    @ketlydestin4656 4 роки тому

    Good job teacher thanks

  • @M.Hamidi.
    @M.Hamidi. 3 роки тому +4

    2:59 that is actually a misunderstanding. It means if you dont have above $4000 by the end of the month (last day of the month) then you will have to pay

  • @okawari24
    @okawari24 4 роки тому +13

    I've got a account with Scotia, I set it up 4 years ago. I mean I did not know how things worked out in Canada then. If I saw this Video in 2015, I would have go for TD. Thanks for this Video.
    Great Video
    Excellent stuff.

  • @prasadwickramasinghe8169
    @prasadwickramasinghe8169 3 роки тому

    Brother, you are one of my greatest

  • @ajaybirsinghsandhu6001
    @ajaybirsinghsandhu6001 4 роки тому

    Great video. It will be really helpful if you make a video specifically for international students because we don’t know which bank to choose when we arrive in Canada plus we are new to Canadian banking system.

  • @bizzywizzy7884
    @bizzywizzy7884 4 роки тому +33

    I've been with RBC student banking for two years. They also have a student free chequing service as many other Canadian banks do, but after my graduation they've just switch my account to NO Limit one without noticing me, and I paid $15.95 of monthly fee for 3 months. This is just another example of quiet nickel-and-diming by RBC. Save your money, go with TD or other bank.

    • @loganoderkirk
      @loganoderkirk 4 роки тому +2

      Simplii financial or Tangerine amazing value no fees!

    • @liamwelsh5565
      @liamwelsh5565 4 роки тому +1

      The account is for students and you are no longer a student. If you would of read the fine print and check your statements more often, you would have avoided this completely or been prepared for it. Be more attentive and responsible next time.

    • @aba192
      @aba192 4 роки тому +1

      @@liamwelsh5565 Students in Canada are spoiled rotten... less than 50 bucks compared to all he has saved while being a student through discounts nearly everywhere... yeah, no compassion here.

    • @liamwelsh5565
      @liamwelsh5565 4 роки тому +6

      @@aba192 That's because businesses know that students are broke and help support the future generation. I don't think there's anything wrong with that.

    • @aba192
      @aba192 4 роки тому +1

      @@liamwelsh5565 Sure, but then don't cry when you'Re eventually treated like an acutal adult like the rest as OP did.

  • @abdullahas473
    @abdullahas473 4 роки тому

    ~13:26 the RBC multi-account rebate means you'd need at least two different products with RBC. For example, Having a credit card, and having for instance a TFSA account open with RBC would rebate the monthly fee.

  • @jiali4301
    @jiali4301 4 роки тому +1

    Yes. You've made a wonderful advertisement.

  • @yevhenkalinichenko1983
    @yevhenkalinichenko1983 4 роки тому

    I like your lessons

  • @AlbertoGarcia-xg4tb
    @AlbertoGarcia-xg4tb 3 роки тому +1

    Best options for checking account are online banks like Tangerine. If you want a physical bank, the RBC offer a rebate if you have 2 services with them (TFSA, Mortgage, Credit card etc).. Having a minimum balance tied in a chequing account is not a good idea, since you will never use that money, unless you pay a monthly fee. Better deposit that amount in your RRSP/TFSA in a good ETF

  • @chinelonmaakabogu7294
    @chinelonmaakabogu7294 4 роки тому

    What's counted as a transaction? Debit card use at POS terminals or just transfers?
    Also, couldn't see the number of transactions prior to TD student account when you said per month. Is it per month for all others?

  • @KyleKeepsGoing
    @KyleKeepsGoing 3 роки тому +3

    6:56 Hahahahaha I literally physically loled. That's because you're describing me here. 6:56 Thanks for the useful video and it really helped me as a new immigrant! Thanks Mad English TV!

  • @alpiansyah4220
    @alpiansyah4220 4 роки тому

    Awesome ... thank you to information all to bank in Canada. From Dr. Alpiansyah, M.MPd 😊☺❤❤👍👍👍

  • @lorenzomabalos9851
    @lorenzomabalos9851 4 роки тому +3

    I opened my first bank account with CIBC. So far so good but they kinda have semi-okay interest rates.

  • @bevo260578
    @bevo260578 3 роки тому

    u r great !

  • @samaneh1896
    @samaneh1896 4 роки тому +4

    Hi mark, thank you for the great video, I just wanna say RBC also has student account with no monthly fee. And please make a video about how to buy stock in Canada.

    • @AjaySingh-zc8xw
      @AjaySingh-zc8xw 4 роки тому

      Samaneh NB yes he should make a video tutorial

  • @guadalupegutierrez704
    @guadalupegutierrez704 4 роки тому

    Yes I do, see you at the next episode 😘

  • @Toothngums
    @Toothngums 4 роки тому +1

    Well, TD is pretty good bank but many banks also offer the same benefit of student and youth accounts. I agree TD and BMO are reasonable banks. I have had all bank accounts expect for RBC. You did good research.

  • @badioula
    @badioula 4 роки тому +1

    FYI BMO has free banking for students (postsecondary) and under 18 clients. td gives 25 transactions BMO gives 30. for newcomers to Canada the other banks give 6 months free banking, BMO gives one year free banking with unlimited transactions.

  • @gicilo386
    @gicilo386 4 роки тому

    Thank you

  • @pricharddeceus3332
    @pricharddeceus3332 4 роки тому +1

    Hi, dear teacher Mark. I had checked so many English programs on UA-cam but no one had fulfil my expectations until I discovered Mad English Tv and decided to stick with it. The reason why I made such a great decision is because METV is so philosophical so critical of the language. So keep it up! I hope you reach a million subscribers soon.

  • @thewizard_ravi
    @thewizard_ravi 3 роки тому

    Sounds much better at 1.5 or 1.75x. Good content, buddy.

  • @tahashokouhi3229
    @tahashokouhi3229 2 роки тому

    Awesome video, short and sharp @mad thanks.
    Suggestion to others: go 1.5 speed ;) saves you tons.

  • @user-qb8uj4hv8s
    @user-qb8uj4hv8s 4 роки тому +1

    You are fantastic teacher!! Universal excellence!

  • @shabroopsingh9625
    @shabroopsingh9625 4 роки тому

    which one is better in TD and CIBC for students. They also have branches in small towns while others have not.

  • @yasamanghezelbash730
    @yasamanghezelbash730 2 роки тому

    Hi. Does your information still work for 2022? or it has changed?

  • @babylal1134
    @babylal1134 4 роки тому

    Great video. Could you make video on which bank best for saving account and money investment in canada. Thank you!

  • @AmarjitSingh-xk3ll
    @AmarjitSingh-xk3ll 3 роки тому +1

    Mark can you make some videos how to pay the bill on line

  • @amydahms5801
    @amydahms5801 2 роки тому

    LOL I love the end. Practice etransfers. :)

  • @davinder6002
    @davinder6002 3 роки тому

    Thanks 🙏🏼 for good information are you great mark i am from italy and i like canada and i applied for a Canadian visa i am whetting answer from the Canadian embassy.take care 👍🏼

  • @kellychan3023
    @kellychan3023 3 роки тому

    Binging all of these bank and credit card videos on my 18th birthday

  • @TheEliteMixer
    @TheEliteMixer 2 роки тому

    BEST VIDEO ON UA-cam!

  • @adelaidabolanos397
    @adelaidabolanos397 2 роки тому

    THANKS

  • @nemozetbit
    @nemozetbit 3 роки тому

    The way it's explained feels like it's intended for immigrants, non-native speakers or perhaps people new to banking.
    Perfect "Banking For Dummies" series in a good sense.
    Also I did my research and looked up each bank's chequing plans after the video. Looks like your list is outdated in 2021.

  • @nguyenloi2908
    @nguyenloi2908 4 роки тому

    Thank you so much, Mark

  • @jordaiy3962
    @jordaiy3962 3 роки тому

    How is it with TD if you go to the U.S? The same as CIBC with unlimited free transactions? Really need to know thanks!

  • @thedailylifeofjay3822
    @thedailylifeofjay3822 4 роки тому +10

    Simplii Financial is great. No monthy fees and free Etransfers

    • @thedailylifeofjay3822
      @thedailylifeofjay3822 4 роки тому +1

      @Bellota They are own by CIBC. Use Google.

    • @aba192
      @aba192 3 роки тому

      And a nice credit card iirc.. Too bad theyre unavailable in communist quebec

    • @thedailylifeofjay3822
      @thedailylifeofjay3822 3 роки тому

      @@aba192 Quebec is a far right scum hole. We are sadly not a true communist country yet but I pray some day we rid the country of conservatism

    • @aba192
      @aba192 3 роки тому +2

      @@thedailylifeofjay3822 Lmao, you're a crazy collectivist, go to NK or some other shithole that already ruined their country with socialism

  • @boutiquebitcoin809
    @boutiquebitcoin809 2 роки тому

    Thx I live in USA and wanted to invest in Canada now I can.

  • @flipincan
    @flipincan 4 роки тому +2

    I’m with RBC for 4 years now. I don’t get any benefits. But it’s for free so i’m not complaining.

    • @flipincan
      @flipincan 4 роки тому

      We were newcomers when we opened the account so maybe that’s why it’s free

  • @twixerwixer3372
    @twixerwixer3372 2 роки тому

    sir do we get some benefits if we are a new comer and a student in canada

  • @canadacanada3174
    @canadacanada3174 4 роки тому +1

    I can’t keep the money , so for me it’s a better using in saving account

  • @dj69
    @dj69 4 роки тому

    The RBC rebate comes from having one investment of 500 bucks or more and 1 credit card. It will reduce the bank fee of any bank account they have by 11 bucks. Meaning the first two accounts are free with no minimum balance. (well i guess 500 if you consider your investment). Fees are rebated because if you have zero dollars they make money on the overdraft.

  • @Joe-ip2ky
    @Joe-ip2ky 4 роки тому

    In Quebec we have Desjardins, with 1,5k in your checking account you can do 12 transactions a month and unlimited transfer transactions within your different accounts, for example to pay your mortgage etc. Very interesting this video about banks !

    • @alexnezhynsky9707
      @alexnezhynsky9707 4 роки тому

      Hmmm... Weren't they hacked though recently?

    • @Joe-ip2ky
      @Joe-ip2ky 4 роки тому

      Alex Nezhynsky you’re right they’ve been hacked lately, I’m one of the 2,5 millions they’ve been hacked. Desjardins pay a 5 years protection with equifax, and a full refund in case of problems with this event, we don’t have worry about it even if some of my personal information could have been sold to dishonest persons.

    • @tojo9979
      @tojo9979 2 роки тому +1

      Never go with Desjardins !

  • @zswx1984
    @zswx1984 4 роки тому +1

    All big 5 have student accounts, and kids account. For newcomers, there are newcomer plan too, most of banks offer 1 year free banking for newcomer.
    Previous BMO practice plan can rebate the fee if keep the minimum balance of 2000 dollars, they changed it last December. I am expecting TD will change it too. But seniors can get senior discount, most of time it is 4 dollars. BMO premium plan can waive BMO Elite Master Card fee too. And BMO provides CDCB program for DND, military, polices.
    Scotiabank Scotia One is changing, it will increase to 15.59 per month, but still only 4000 dollars to get monthly fee rebate , unlimited etransfer this time. Also waive CC fee and can get bonus interest rate for saving account and investment. I don’t know how to get the conclusion that TD bank account is the best. Everybody may have different needs.

  • @lewriscosta7235
    @lewriscosta7235 3 роки тому

    good video

  • @akki3676
    @akki3676 4 роки тому

    Yur videos work as a guide
    For international students like us ##thanks

  • @shakar.bajalan
    @shakar.bajalan Рік тому

    best video ever

  • @natalia5778
    @natalia5778 4 роки тому +3

    Great lesson !
    If I get it right you might have to pay the bank for saving your money . Sounds strange to me .

    • @MadEnglishTV
      @MadEnglishTV  4 роки тому +1

      Thanks! 😃😃You have to let the bank hold lots of your money in order to save money.

  • @wickedgames8768
    @wickedgames8768 2 роки тому

    For a new citizen which would be the best ? And best for mortgage

  • @user-er5yj5lq8j
    @user-er5yj5lq8j 6 місяців тому

    HELLO SIR, WHICH BANK AND BANKING TYPE IS GOOD FOR A VISITOR VISA HOLDER

  • @jamesgurung5672
    @jamesgurung5672 2 роки тому

    One of the my best TD Bank of Canada

  • @Dhaliwal0909
    @Dhaliwal0909 4 роки тому

    Make a vlog on best cars in canada its very difficult to search that
    Thnks 👍

  • @jilliancamaro4320
    @jilliancamaro4320 4 роки тому

    Hi Mark!👋

  • @nathanael4664
    @nathanael4664 4 роки тому

    Hey here new subscriber that video is wonderful for new comer like me..and
    What about monthly interest

  • @666dynomax
    @666dynomax Рік тому +1

    Where's the cheapest ones like simplii and tangerine

  • @alexnezhynsky9707
    @alexnezhynsky9707 4 роки тому +9

    There's no min monthly balance in RBC for a reason. The $4 monthly fee is waved if you have a CC and an investment acct (TFSA, RRSP, etc.) with them. That's the best deal among all other major banks, and I looked into every single one

  • @amarjotkaur2567
    @amarjotkaur2567 4 роки тому +1

    Hello sir, plz tell me can I apply for pr from India after celpip-Ls