Toronto Dominion (TD) Bank, Canada’s second-largest bank, has collaborated with finance-technology company MPOWER Financing—a mission-driven fintech firm and a leader in international student financing.
The two companies have come together to help simplify the banking experience for international students and offer a suite of financial resources needed to help create a seamless banking experience for these students on their journey to Canada.
As an international student in Canada, one should plan for their finances early, in addition to balancing school and their personal life in a new country. Navigating these demands can be difficult. International students may need to establish basic financial services in Canada as they start their life here. A key part of this process is establishing a banking relationship with a trusted Canadian financial institution.
Newcomers should consider what kind of requirements they need to meet when opening a bank account. Considering availability of customer support, accessibility of branches and ATMs, and special offers might be important.
In addition to accessing these basic financial services, getting a credit card (if approved) and building your credit score are often important steps for international students.
Good news: Banks like TD in Canada offer special packages for international students to help meet their banking needs.
Picking the right bank account and credit card is important for international students in Canada. Find one what best suits your needs and lifestyle, and make sure you know all the details before you sign up.
TD International Student Banking Package
As part of this collaboration, TD would be MPOWER Financing’s preferred bank for the thousands of students pursuing a degree at one of the universities that MPOWER supports through its no-cosigner international student loan program in Canada. The TD International Student Banking Package offers access to an array of banking products and services that help support international students as they transition to post-secondary education in Canada.
This package combines both bank accounts and credit card offers, providing a convenient way to manage your finances while studying in Canada. The TD International Student Banking Package includes:
- A student chequing account with unlimited transactions and $0 monthly fee (until 23 years old or with proof of enrollment in full-time post-secondary education)
- A savings account with a bonus interest rate for 3 months – so you have the opportunity to earn more on your savings, and
- A cash back visa card (subject to approval) with no annual fee
- Plus, when you bundle all three products together, you get a $50 Amazon.ca gift card, Conditions apply.
Additionally, the package covers unlimited international money transfers, with transfer fees rebated for up to 12 months, when you send money using TD Global TransferTM with your TD Student Chequing Account.[1]
Why Choose TD?
150 years helping Canadians:
TD has a proud history of delivering financial solutions to Canadians for more than 150 years. TD also brings a century of experience helping newcomers navigate the unique challenges of the Canadian banking system.
With over a thousand branches, a reputation for excellence in financial services, and the ability to also serve you in more than 80 different languages, TD has become one of the largest and most trusted banks in Canada, now serving 16 million Canadians.
TD offers online support and resources of interest to newcomers on topics such as banking basics, moving to Canada, credit score essentials, and more. TD is open longer hours for your convenience and has thousands of ATMs across Canada to help you take care of your everyday banking needs quickly and easily.
Ready to Bank?
Learn more about TD New to Canada Banking Package today. Book an appointment to talk with a TD Personal Banking Associate about the TD New to Canada Banking Package. You can book online right away, or visit the TD website to learn more.
