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Updated October 17, 2026 · VaultCue Editorial Team

Top online banks compared in Canada

45 accounts available in Canada, ranked for Canada.

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score. How we rank

Top online banks compared in Canada
OrderAccountScoreFeaturesKey factsActions
1
EQ Bank logo
EQ BankTop pickPartner

EQ Bank Bonus Interest Offer on the Personal Account: 2.75% (1.00% base rate + 1.75% bonus interest)

9.4/10
  • Expats
  • Travelers
  • No monthly fee
  • Free ATM
  • Joint account
Monthly fee:
CA$0
Currency conversion fee:
0%
Currencies:
49
ReviewCompareSee alternatives
2
Statrys logo
StatrysPartner

Your account pays you back: HKD 188 per month

9.4/10
  • No monthly fee
  • Low FX
Monthly fee:
HK$0
Currency conversion fee:
0.1% to 0.15%
Currencies:
11
ReviewCompareSee alternatives
3
Klarna Bank logo
Klarna BankPartner

30% off Klarna Premium or Max for 3 months: 30% off for 3 months

9.3/10
  • Travelers
  • No monthly fee
  • Low FX
Monthly fee:
£0
Deposit protection:
FSCS up to GBP 85,000
Currency conversion fee:
0%
ReviewCompareSee alternatives
4
MyMonty logo
MyMontyPartner
9.3/10
  • No monthly fee
Monthly fee:
€0
Deposit protection:
FSCS up to GBP 85,000
Currencies:
2
ReviewCompareSee alternatives
5
Revolut ES logo
Revolut ESPartner

Banking app offering bank accounts, savings and share investing from a phone.

9.3/10
    Licence type:
    Bank
    Currency conversion fee:
    0% to 1%
    Currencies:
    30
    		ReviewCompareSee alternatives
    6
    Aspiration logo
    AspirationPartner
    		9.1/10
    • No monthly fee
    • Free ATM
    Monthly fee:
    $0
    Deposit protection:
    FDIC up to USD 250,000
    Currency conversion fee:
    1%
    		ReviewCompareSee alternatives
    7
    Aspire logo
    AspirePartner

    Get 10% cashback on AI subscriptions

    		9.1/10
    • No monthly fee
    Monthly fee:
    SGD 0
    Currencies:
    13
    Transfer fee:
    Basic plan $0/month: local transfers free (ACH, wire, check, real-time $0); SWIFT send $5 (SHA) or $15 (OUR); SWIFT receive $0; FX from 0.22% above mid-market
    		ReviewCompareSee alternatives
    8
    Paysera logo
    PayseraPartner
    		9.1/10
    • No monthly fee
    Monthly fee:
    €0
    Licence type:
    E money
    Deposit protection:
    EU DGS up to EUR 100,000
    		ReviewCompareSee alternatives
    9
    Paysera Visa card logo
    Paysera Visa cardPartner
    		9.1/10
    • No monthly fee
    Monthly fee:
    €0
    Licence type:
    E money
    Deposit protection:
    EU DGS up to EUR 100,000
    		ReviewCompareSee alternatives
    10
    Alipay logo
    AlipayPartner
    		9.0/10
    • Travelers
    • No monthly fee
    Monthly fee:
    CN¥0
    Currencies:
    18
    Transfer fee:
    3% over RMB 200
    		ReviewCompareSee alternatives

    Licensed in Canada

    EQ Bank
    Office of the Superintendent of Financial Institutions
    EQ Bank
    Canada Deposit Insurance Corporation
    Grey
    FINTRAC
    Alterna Bank
    CDIC (Canada Deposit Insurance Corporation)
    Lemfi
    FINTRAC, money service business
    Quppy
    Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Money Services Business registration

    Other rankings

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    Other countries

    EQ Bank

    EQ Bank

    Top pick for Canada

    9.4/10See alternatives