Compare top banking options for Regina residents — no-fee digital banks, Saskatchewan credit unions, and national bank branches in the Queen City.
Regina is Saskatchewan's capital city with approximately 235,000 residents and a strong government, energy, and agriculture economy. The city has a competitive banking market with all major Canadian banks, Saskatchewan's leading credit unions including Conexus, and digital banks available province-wide. Saskatchewan's no-LTT policy makes home buying in Regina particularly cost-effective.
KOHO is the smart banking alternative for Regina residents: no fees, cash back on purchases, and built-in savings tools. Use code 45ET55JSYA for a sign-up bonus.
Get KOHO Free — Use Code 45ET55JSYAKOHO is the top no-fee banking option for Regina residents. Fully digital, available province-wide, with $0/month in fees, 1% cash back on groceries and transit, and a competitive savings interest rate.
EQ Bank offers the best savings rate for Regina residents with no fees and no minimum balance. Perfect for emergency funds, TFSA savings, and down payment savings for a Regina home purchase.
Conexus Credit Union is one of Saskatchewan's largest credit unions and is deeply embedded in the Regina community. With multiple Regina branches, competitive mortgage rates, and full-service personal and business banking, Conexus is the premier local banking choice for Regina residents.
TD Bank has strong coverage across Regina with multiple branches and ATMs. TD's comprehensive banking suite — including mortgages, RRSPs, TFSAs, and business accounts — makes it a reliable full-service option for Regina residents.
RBC is the preferred bank for newcomers to Regina, especially through Saskatchewan's immigration programs. Their newcomer banking package provides free first-year banking and expertise navigating the Canadian financial system.
Scotiabank's Scene+ rewards program and competitive mortgage products make it a popular choice for Regina residents looking to earn points. Scotiabank has multiple Regina locations and frequently offers fee waivers with qualifying credit card products.
| Bank | Monthly Fee | e-Transfer | Best For |
|---|---|---|---|
| KOHO | $0 | Free | Zero-fee banking |
| EQ Bank | $0 | Free | Savings rate |
| Conexus Credit Union | $6.95–$13.95 | Free | Local banking |
| TD Bank | $10.95–$29.95 | Free | Full service |
| RBC | $11.95–$30.00 | Free | Newcomers |
| Scotiabank | $10.95–$30.95 | Free | Rewards |
Regina's banking market is well-served with both national bank and credit union options. Conexus Credit Union's local focus and competitive rates make it the standout local institution, while KOHO and EQ Bank deliver the best value for everyday fee-free banking.
For Regina homebuyers, the absence of a provincial LTT is a significant advantage — closing costs are dramatically lower than in Manitoba or Ontario. A $450,000 Regina home purchase incurs just ~$475 in ISC fees vs. $6,650+ in Manitoba LTT.
Conexus Credit Union is the top credit union option for Regina residents, with multiple branches, competitive rates, and deep community ties throughout Saskatchewan.
Yes. KOHO and EQ Bank both offer $0/month accounts available to Regina residents. Both are fully digital with no branch required.
No. Saskatchewan has no provincial LTT. Regina homebuyers pay only the ISC land title registration fee — approximately $25 + $100 per $100,000 of property value.
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