Compare top banks for Longueuil's 255,000 residents — aerospace workers (Pratt & Whitney), South Shore commuters to Montréal, and families navigating Quebec's Droits de mutation on the Rive-Sud.
⚠️ Important: No First-Time Buyer Rebate in Quebec
Unlike Ontario, Quebec has no provincial first-time buyer rebate on Droits de mutation (welcome tax). All Longueuil buyers — including first-timers — pay the full welcome tax with no exemption. Budget this as a full closing cost when purchasing on the South Shore.
Longueuil sits on the South Shore (Rive-Sud) directly across the St. Lawrence from Montréal, connected by the Yellow Line metro and the Champlain and Jacques-Cartier bridges. It's home to Pratt & Whitney Canada (aerospace), UQAM's Longueuil campus, and a large commuter population. Median home prices range $400,000–$550,000. Here are the six best banks for Longueuil in 2025.
South Shore Special: $100 Cash + 3% Interest
$0 monthly fees · 3% on your Pratt & Whitney paycheque · Bilingual app
Use code 45ET55JSYA at signup — limited time $100 bonus
Best savings rate in Canada. Longueuil aerospace workers and families earn 3.75% on TFSA — the highest insured rate available, well above any South Shore caisse.
Best chequing for Longueuil. 3% on your balance, $0 fees, 1% back on transit. Ideal for South Shore commuters using the metro or Champlain Bridge express buses.
Scotiabank covers the Longueuil and South Shore market with branches across Greenfield Park, Saint-Hubert, and downtown Longueuil. Scene+ for local spending.
TD branches on the South Shore serve Longueuil and surrounding municipalities. Full French-language service for aerospace and manufacturing sector workers.
Québec's largest financial cooperative with 5.0M+ members, local advisors, and full French-language service. Strong South Shore caisse network for Longueuil mortgages.
Droits de Mutation (Welcome Tax) Calculator — Longueuil
⚠️ No First-Time Buyer Exemption in Quebec
All Longueuil buyers pay the full Quebec Droits de mutation. No provincial rebate exists. Longueuil does not charge an additional municipal surtax beyond provincial rates.
Standard Quebec Droits de mutation rates apply in Longueuil. No municipal surtax. No first-time buyer rebate in Quebec.
Frequently Asked Questions — Longueuil Banking
What is the welcome tax on a $460,000 Longueuil home?
On a $460,000 Longueuil purchase, the Quebec Droits de mutation is approximately $5,650. Longueuil does not add a municipal surtax on top of the provincial rate (unlike the City of Montréal). There is no first-time buyer rebate in Quebec — all buyers pay the full Droits de mutation. This should be budgeted as a closing cost alongside notary fees ($1,500–$2,000) and other expenses.
What's the best bank for Pratt & Whitney employees in Longueuil?
KOHO is the best daily banking choice for Pratt & Whitney and aerospace sector workers — your paycheque earns 3% interest at $0 fees. For investments and RRSP matching, EQ Bank's TFSA at 3.75% is superior to any branch bank. For mortgage financing on a Longueuil or Saint-Hubert property, Desjardins has local South Shore advisors familiar with the Montérégie market. TD and Scotiabank also have competitive products for the Greater Montréal South Shore.
Is Longueuil's Droits de mutation lower than Montréal's?
Yes — for properties above $500,000, Longueuil is cheaper than Montréal on welcome tax. The City of Montréal charges an additional municipal surtax on the portion above $500,000, adding roughly 1.5% extra on that amount. In Longueuil, only the provincial rates apply. On a $600,000 property for example, you'd pay approximately $3,000 less in Droits de mutation by buying in Longueuil versus on Montréal Island. Both cities have no first-time buyer rebate.
Does Desjardins have branches in Longueuil?
Yes — Desjardins has a strong caisse populaire network across Longueuil including Saint-Hubert, Greenfield Park, Vieux-Longueuil, and surrounding South Shore communities. As Quebec's largest cooperative financial institution, Desjardins offers unlimited FADMD deposit insurance and full French-language mortgage advice from advisors who understand South Shore real estate. For everyday chequing, switching to KOHO (3% interest, $0 fees) while retaining a Desjardins account for mortgage and local banking is the optimal hybrid approach for most Longueuil residents.
Longueuil's Best Deal: $0 Fees + $100 Cash Bonus
KOHO: 3% on your South Shore paycheque, $0/month. Code 45ET55JSYA.