Moncton, New Brunswick · Pop. 80,000

Best Banks in Moncton, NB (2025)

Moncton is Atlantic Canada's fastest-growing city and a bilingual economic powerhouse, home to a thriving tech sector, major retail hub, and the famous tidal bore on the Petitcodiac River. Find the best banks for Moncton residents.

New Brunswick Land Transfer Tax — 1% Flat Rate

New Brunswick charges a flat 1% land transfer tax on the full purchase price of any property. There is no first-time buyer exemption in NB. Budget this cost into your Moncton home purchase.

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Top 6 Banks for Moncton Residents

1
EQ Bank
Best Overall · Online Bank
3.00% HISA

EQ Bank's 3.00% everyday savings rate with zero fees is the top pick for Moncton's growing professional population. Save more while enjoying life in Atlantic Canada's most dynamic city.

Pros

  • 3.00% daily savings rate
  • No monthly fees ever
  • Free Interac e-transfers
  • CDIC insured

Cons

  • No physical branches
  • No cash deposits
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2
KOHO
Best Cashback · $100 Bonus
$100 Bonus

Moncton shoppers can earn 5% cashback at Champlain Place and local grocery stores with KOHO, plus a $100 welcome bonus. Perfect for Moncton's young professional demographic.

Pros

  • $100 signup bonus (code 45ET55JSYA)
  • 5% cashback on groceries
  • No fees on basic plan
  • Bilingual app support

Cons

  • No physical branches
  • Prepaid card model
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3
Tangerine
Best Promo Rate · Online Bank
5.00% Promo

Tangerine's 5.00% promotional savings rate (6 months) is ideal for Moncton buyers saving for a down payment. With strong bilingual support, it's a natural fit for Greater Moncton's francophone community.

Pros

  • 5.00% promo rate for 6 months
  • No monthly fees
  • Bilingual English/French service

Cons

  • Rate drops after promo
  • No Moncton branches
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4
Scotiabank
Best for Local Branches
Local Branches

Scotiabank has strong branch presence across Moncton including Main Street and Mountain Road locations, providing local mortgage expertise for Greater Moncton's competitive real estate market.

Pros

  • Multiple Moncton branches
  • Local mortgage specialists
  • Scene+ rewards
  • Business banking

Cons

  • Monthly account fees
  • Lower savings rates
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5
TD Bank
Best for Full-Service Banking
Local Branches

TD Bank provides comprehensive banking for Moncton's 80,000 residents with branch locations, strong mortgage products, and a wide ATM network across Greater Moncton including Dieppe and Riverview.

Pros

  • Multiple Moncton locations
  • Strong mortgage products
  • Wide ATM network

Cons

  • Monthly account fees
  • Lower savings rates
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6
RBC
Best Big Bank · Atlantic Canada
Local Branches

RBC has a well-established presence throughout Atlantic Canada with strong Moncton branches. Excellent for newcomers to New Brunswick and established residents needing full banking services including mortgages and investments.

Pros

  • Strong Atlantic Canada network
  • Newcomer banking programs
  • Full investment services
  • Avion rewards program

Cons

  • Monthly account fees
  • Complex product lineup
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New Brunswick Land Transfer Tax Calculator — Moncton

NB Land Transfer Tax: 1% Flat Rate

New Brunswick charges 1% on the full purchase price. No first-time buyer exemption. Applies to all Moncton property purchases.

Estimated NB Land Transfer Tax:

Frequently Asked Questions — Banking in Moncton

Why is Moncton called Atlantic Canada's economic capital?
Moncton serves as Atlantic Canada's logistics and retail hub, home to major employers including Irving, Assumption Life, and a booming tech sector. Its bilingual workforce (English and French) and central location between Halifax and Quebec City make it a key business hub.
What are average home prices in Moncton in 2025?
Average home prices in Moncton range from $300,000 to $420,000 for single-family homes in 2025. Condos start around $220,000–$290,000. Prices have risen sharply due to interprovincial migration, but Moncton remains more affordable than Halifax or most Ontario cities.
How much is the land transfer tax on a $350,000 Moncton home?
New Brunswick charges a flat 1% land transfer tax. On a $350,000 purchase in Moncton, you would pay $3,500 in land transfer tax. There is no first-time buyer rebate in New Brunswick.
Is Moncton a good city for newcomers to Canada?
Yes. Moncton is one of Canada's most welcoming cities for newcomers, with strong Francophone and Anglophone communities, excellent immigration support services at the Multicultural Association of the Greater Moncton Area (MAGMA), and a strong job market compared to other Atlantic cities.