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Newcomers to Canada

Newcomers to Canada

Banking solutions to help you start your new life in Canada

Welcome to Canada. We’re here to help.

Meridian offers newcomers the full range of banking services and guidance to get started. It’s easy to set up an account for your everyday banking, make bill payments, or send money to loved ones back home.

We can also help you establish a credit rating in Canada, save for your children’s education, invest for your future, and more.

What is the Newcomer to Canada program?


This program adds more than $3,000 in savings over three years. Explore the perks of becoming a Meridian Member!

Free banking for 3 years

Get unlimited chequing for up to 36 months.(1)

A no-fee Credit Card

Pay no annual fee on a Meridian Visa* Card for 36 months.(2)

Free wire transfers

Send funds home with a free incoming and outgoing transfer every month.

Great interest rates

Enjoy preferred interest rates on a variety of products and services.

Cheques and a safety deposit box

Get free cheques and no-fee safety deposit box for up to 36 months.

Mortgage rebates

Earn a $500 rebate on new or transferred mortgages to Meridian.(3)

New Credit Card opportunity for newcomers

Meridian’s unsecured credit card is now available for Permanent and Non-Permanent Residents!

Meridian branch exterior with a blurry Toronto Transit bus driving by
Why choose a credit union over a bank?

As Ontario’s largest credit union, we’re committed to providing exceptional banking services and advice. Unlike many larger financial institutions, we don’t have public shareholders. As a Member, you are an owner. Our profits go towards improving our products and services, and innovating new ways to enhance our Members' lives.

Build your financial confidence. Live your best life, with Meridian.

How to open a bank account in Canada

To open a new account with Meridian, visit one of our branches. Please bring a document that proves you moved to Canada within the last five years, such as:

You will also need to bring:

  • Government photo ID, like a driver’s license, Ontario photo card (or photo card from another province or territory), nexus card, etc.
  • Your Social Insurance Number (SIN). If you do not have a SIN you may still be able to open an account. One of our advisors will walk you through the process.

Explore frequently asked questions

More reasons to bank with Meridian


Bank anywhere, anytime.

At Meridian, you can bank the way you want, on your schedule. As Ontario’s largest credit union, we offer a full range of digital, in-person, and over the phone banking services.

Explore ways to bank

Build your business

Our business advisors have expertise across a range of industries. We can help you expand your business with confidence.

Explore business banking

Grow your wealth

From RRSPs and Tax Free savings accounts to education savings, a Meridian Financial Planner can help you build a plan to get you where you want to be.

Explore Meridian Wealth

Newcomer Referral Promotion⁽⁴⁾

If you’re a current or former beneficiary in Meridian’s Newcomers to Canada program, now you can help friends and family experience the benefits as well. Tell others about Meridian’s great rates and exceptional service and together we can help to welcome more newcomers!

Frequently asked questions

Interested in the Newcomers to Canada program? There are several ways to get in touch.