EQ Bank pays 3% on everyday savings with zero monthly fees. Pickering residents — one of Durham Region's closest cities to Toronto — can grow savings faster than any big bank. CDIC-insured and managed entirely from your phone.
KOHO gives Pickering residents 5% cashback on everyday spending with $0 monthly fees. Perfect for Pickering Town Centre shoppers and GO Train commuters heading to Toronto. Use code 45ET55JSYA at sign-up for a $100 welcome bonus.
Tangerine offers 5% promotional savings rates for new customers. Pickering buyers saving for a down payment on a home in Bay Ridges, Rougemount, or Duffin Heights benefit from maximized interest earnings on their savings before closing.
Scotiabank has Pickering branch locations with the Scene+ rewards program. Earn points at Cineplex, Sobeys, and local partners. Full mortgage, RRSP, and FHSA services available — ideal for Pickering families planning a first home purchase in Durham Region.
TD has Pickering branch locations with convenient hours for commuters. The All-Inclusive Plan is fee-free with a $5,000 minimum balance. Full mortgage, RRSP, and TD Direct Investing services for Pickering professionals and growing families.
RBC serves Pickering with full-service branches and strong mortgage rates for Durham Region buyers. RBC Avion Visa earns travel points on everyday spending. A strong choice for Pickering residents upsizing into Seaton or Duffin Heights communities.
Calculate your Ontario LTT and first-time buyer rebate for a Pickering home purchase.
Ontario Land Transfer Tax:
Frequently Asked Questions — Banking in Pickering
What is the best bank for Pickering residents in 2025?
KOHO is the best everyday bank for Pickering residents — $0 fees, 5% cashback promo, and a $100 bonus with code 45ET55JSYA. EQ Bank's 3% savings rate helps Pickering commuters maximize their earnings. For mortgages and in-person service, TD and RBC both have Pickering locations with competitive home loan rates.
How much is Ontario Land Transfer Tax on a Pickering home?
On an $850,000 Pickering home, Ontario LTT is approximately $15,475. First-time buyers receive a rebate of up to $4,000, reducing the net amount to about $11,475. Pickering has no additional municipal land transfer tax — unlike Toronto, where buyers pay double. Use the calculator above for your exact purchase price estimate.
How close is Pickering to Toronto for banking purposes?
Pickering is the closest Durham Region city to Toronto, about 35 km east of downtown. GO Train service from Pickering Station reaches Union Station in under 40 minutes. For banking, KOHO and EQ Bank work identically whether you're in Pickering or Toronto — no branch visits needed. Major banks like TD and RBC have Pickering branches for any in-person requirements.
Does Pickering have a municipal land transfer tax?
No. Pickering does not have a municipal land transfer tax. Only the Ontario provincial LTT applies to home purchases in Pickering. This means Pickering buyers pay significantly less in land transfer tax than Toronto buyers, who face both provincial and municipal LTT. First-time buyers in Pickering also qualify for the Ontario LTT rebate of up to $4,000.
Disclaimer: Rates and offers are subject to change. The KOHO 5% 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.