KOHO is the #1 pick for Oshawa residents who want zero banking fees. Earn cashback on everyday spending, get instant e-transfers, and keep more of every paycheque. Use code 45ET55JSYA at sign-up to activate your free account.
EQ Bank pays 3% on everyday savings with zero monthly fees and no minimum balance. Oshawa residents saving for a down payment benefit from one of Canada's highest CDIC-insured savings rates — all managed from your phone.
Community First Credit Union serves Durham Region members with competitive mortgage rates, no-fee chequing accounts, and personalized service. As a member-owned institution, profits return to members through better rates and lower fees than the big banks.
TD Bank serves Oshawa with convenient branch access and weekend hours. The All-Inclusive Plan fee is waived with a $5,000 balance. Excellent for mortgage seekers, TD Direct Investing clients, and families who value in-person service.
RBC is Canada's largest mortgage lender and a strong choice for Oshawa buyers. The RBC Avion Visa earns travel rewards on daily spending. Full-service banking with RRSPs, TFSAs, investment accounts, and competitive mortgage rates.
Scotiabank offers Oshawa residents the Scene+ rewards program — earn points at Cineplex, Sobeys, and thousands of partners. Great for full in-person service, mortgages, and integrated investment products.
Calculate your Ontario LTT and first-time buyer rebate for a Oshawa home purchase.
Ontario Land Transfer Tax:
🚉 Banking for GTA Commuters
Whether you're in Durham or York Region, KOHO's free banking means more money stays in your pocket for that mortgage payment. No monthly fees, instant e-transfers.
Oshawa is Durham Region's largest city and a pivotal hub for GTA commuters. With average home prices around $700,000, Oshawa offers relative affordability compared to Toronto — but buying here still means navigating Ontario Land Transfer Tax, mortgage qualification, and finding the right bank.
The GO Train's Lakeshore East line connects Oshawa's downtown station to Union Station in roughly 75–85 minutes, making it a realistic commuter city for Toronto workers. This accessibility has driven strong population growth, with new subdivisions pushing north toward the 407.
Oshawa's major employers include Ontario Tech University, Lakeridge Health, and a revitalized manufacturing base. The city's economic diversification since the GM plant closure has attracted new residents and demand for banking services that understand the local market.
For everyday banking, KOHO's zero-fee model makes the most sense for Oshawa residents carrying a mortgage — every dollar saved on fees goes toward that payment. EQ Bank's 3% savings rate is the best place to park your down payment fund while you house hunt in North Oshawa, Kedron, or Windfields. Durham Community First CU is the local choice for members who want a credit union that understands Durham Region real estate.
Frequently Asked Questions — Banking in Oshawa
What is the best bank in Oshawa in 2025?
KOHO is the top pick for $0 monthly fees and cashback on spending. EQ Bank is best for savings. For in-person service, TD and RBC both have multiple Oshawa branches. Community First CU is ideal for members who prefer a local credit union with Durham Region expertise.
How much is Ontario LTT on a $700,000 Oshawa home?
Ontario Land Transfer Tax on a $700,000 home is $11,475. First-time buyers receive a rebate of up to $4,000, reducing net LTT to $7,475. Oshawa has no additional municipal land transfer tax — unlike Toronto where buyers pay double.
Is GO Train service good from Oshawa to Toronto?
Yes — the GO Lakeshore East line runs from Oshawa GO station to Union Station in approximately 75–85 minutes. Multiple trips daily make it a popular commuter corridor. Oshawa's Thornton Road and Farewell Street areas are popular with GO commuters for their proximity to the station.
Disclaimer: Rates and offers are subject to change. The KOHO cashback is a promotional rate and may vary. Ontario LTT calculations are estimates — consult a real estate lawyer for exact amounts. This page is for informational purposes only and does not constitute financial advice. Bremo.io may earn referral compensation from partner links.