Beauharnois is a town in the Beauharnois-Salaberry regional county municipality on the south shore of the St. Lawrence River, approximately 50 km southwest of Montreal. The town is known for the Beauharnois Power Station, one of the largest hydroelectric generating stations on the St. Lawrence River, and for the historic Beauharnois Canal.
Average home prices in Beauharnois run around $300,000, making it one of the most affordable communities in the greater Montreal region. Quebec's droits de mutation applies on all purchases with no first-time buyer exemption. This guide covers the six best banking options for Beauharnois in 2026.
Beauharnois: Power on the St. Lawrence
Beauharnois is home to one of Quebec's most important hydroelectric installations. The Beauharnois Power Station, operated by Hydro-Québec, has been generating electricity since the 1930s. The town grew as an industrial and working-class community alongside the canal and power infrastructure. Today it offers affordable housing with good highway access to Montreal.
Quebec Droits de Mutation Calculator — Beauharnois
At ~$300,000, Beauharnois' welcome tax runs approximately $3,250. Quebec has no first-time buyer exemption — all buyers pay regardless of purchase history.
⚠️ Quebec does not offer a first-time buyer rebate on droits de mutation.
Quebec Droits de Mutation Calculator
0.5% on first $50K • 1.0% on $50,001–$250K • 1.5% on $250,001–$500K • 2.0% on $500,001–$1M • 2.5% above $1M.
For estimation purposes only. Consult a notary or real estate lawyer for your exact tax obligations.
Get $100 Cash — Best No-Fee Bank for Beauharnois Residents
KOHO offers a 3.0% savings rate, zero monthly fees, and a $100 welcome bonus. Use referral code 45ET55JSYA when signing up.
Referral code: 45ET55JSYA • Works everywhere in Canada
Top 6 Banks in Beauharnois, Quebec (2026)
We evaluated institutions on branch access, digital quality, savings rates, fees, and deposit insurance.
| # | Bank / Institution | Savings Rate | Monthly Fee | Deposit Insurance | Branch Access |
|---|---|---|---|---|---|
| 1 | KOHO $100 BonusNo Fees | 3.0% HISA | $0 | CDIC (Peoples Bank) | Digital — Visa everywhere |
| 2 | EQ Bank Best Rate | 3.75% HISA | $0 | CDIC | Digital only |
| 3 | Desjardins Local Co-op | ~0.5–1.5% | $0–$15 | DPFQ | Yes — Beauharnois caisse |
| 4 | National Bank Quebec Focus | ~0.01–0.05% | $4–$25 | CDIC | Yes — Valleyfield area |
| 5 | TD Canada Trust Branch Access | ~0.01–0.05% | $4–$30 | CDIC | Yes — nearby branches |
| 6 | Scotiabank Branch Access | ~0.01–0.05% | $4–$30 | CDIC | Yes — nearby branches |
Detailed Bank Reviews
1. KOHO — Best Overall for Beauharnois
KOHO is our top pick for Beauharnois residents in 2026. A 3.0% savings rate, zero monthly fees, and a $100 welcome bonus (code 45ET55JSYA) make it excellent for this working-class community. CDIC-insured through Peoples Bank of Canada.
2. EQ Bank — Best Savings Rate
EQ Bank's 3.75% Savings Plus Account rate is among the best in Canada. No monthly fees — ideal for Beauharnois residents building a down payment toward the city's ~$300,000 average homes.
3. Desjardins — Best Local Institution
Desjardins has strong roots in Beauharnois and throughout the Beauharnois-Salaberry region. The local caisse populaire offers mortgages, insurance, and full-service community banking. Deposits covered by DPFQ.
4. National Bank — Quebec-Focused Banking
National Bank offers competitive banking products with branches in nearby Salaberry-de-Valleyfield serving Beauharnois residents. CDIC insured.
5. TD Canada Trust — Reliable Branch Banking
TD offers full-service banking at branches in nearby communities serving Beauharnois residents. CDIC insured.
6. Scotiabank — Full-Service Banking
Scotiabank provides comprehensive banking in the Beauharnois-Salaberry area with competitive mortgage products. CDIC insured.
Beauharnois: Affordable Living Near Montreal
At ~$300,000 average, Beauharnois offers some of the most affordable housing near Greater Montreal. The welcome tax on a $300,000 purchase is ~$3,250. EQ Bank's 3.75% HISA helps grow your down payment efficiently.
Frequently Asked Questions — Beauharnois Banking
Beauharnois has a Desjardins caisse populaire. For major bank branches, residents typically access Salaberry-de-Valleyfield nearby. Digital banks like KOHO and EQ Bank serve all residents well.
No. Quebec does not offer a first-time buyer exemption on the droits de mutation. All buyers pay the full welcome tax regardless of purchase history.
Our Verdict for Beauharnois Banking in 2026
Beauharnois offers genuinely affordable housing near Montreal. The welcome tax on a ~$300,000 home is ~$3,250 (no Quebec FTB exemption). Open a KOHO account (3.0%, no fees, $100 bonus with code 45ET55JSYA) and EQ Bank (3.75%) for savings, and use Desjardins or National Bank for mortgages.
For more Quebec banking resources, see Best Banks in Quebec and the Quebec Land Transfer Tax guide.
Disclosure: Bremo may earn a referral commission if you open a KOHO account using our link. This does not affect our rankings. All rates accurate as of March 2026. Not financial advice.