Riverview, New Brunswick · 2025 Guide

Best Banks in Riverview, NB (2025)

Riverview is Greater Moncton's southern suburb on the Petitcodiac River. Find the best banks and financial services for Riverview and Albert County residents.

New Brunswick Land Transfer Tax — 1.0% of Assessed Value

Riverview buyers pay 1.0% of the property's assessed value in New Brunswick land transfer tax. Assessed value is set by Service NB. Confirm the exact amount with your real estate lawyer before closing.

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Top 6 Banks for Riverview, New Brunswick Residents (2025)

1
KOHO
Best No-Fee Everyday Banking
0% Monthly Fee

KOHO's free Visa prepaid card earns cash back with zero monthly fees — ideal for New Brunswick residents looking to eliminate the $15–$30 monthly fee charged by Canada's Big Five banks.

    Pros

  • No monthly fees
  • 5% grocery cashback
  • Instant virtual card
  • Free savings account

    Cons

  • Prepaid Visa only
  • No mortgage products
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2
EQ Bank
Best High-Interest Savings
4.00% HISA

EQ Bank leads Atlantic Canada with a 4.00% high-interest savings account, no monthly fees, and free Interac e-Transfers. Perfect for building a home down payment faster.

    Pros

  • 4.00% savings rate
  • No monthly fees
  • Free e-Transfers
  • CDIC insured

    Cons

  • No physical branches
  • Online-only
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3
UNI Financial Cooperation
Best Local Credit Union
Member Dividends

UNI Financial Cooperation serves Greater Moncton including Riverview with bilingual banking services, competitive mortgage rates, and annual dividends for cooperative members.

    Pros

  • Annual profit sharing
  • Local decisions
  • Competitive mortgages
  • Community focus

    Cons

  • Smaller ATM network
  • Limited digital tools
4
TD Canada Trust
Best Branch Network
Extended Hours

TD offers extended banking hours and a robust mobile app — popular with families who need reliable branch access and strong mortgage and lending products.

    Pros

  • Extended hours
  • Strong lending products
  • Robust mobile app

    Cons

  • Higher monthly fees
  • Low savings rates
5
RBC Royal Bank
Best Full-Service Banking
Full Suite

RBC covers mortgages, RRSPs, TFSAs, investments, and travel rewards under one roof. Canada's largest bank with a reliable local presence in Atlantic Canada communities.

    Pros

  • Full product suite
  • Avion travel rewards
  • Nationwide network

    Cons

  • Monthly fees $10–$30
  • Low savings rates
6
Scotiabank
Best for Scene+ Rewards
Scene+ Points

Scotiabank's Scene+ program earns points at Sobeys — the dominant grocery chain in Atlantic Canada. Strong mortgage products and competitive rates for homebuyers.

    Pros

  • Scene+ at Sobeys
  • Competitive mortgages
  • Local branch coverage

    Cons

  • Monthly fees $10–$30
  • Below-market savings

NB Land Transfer Tax Calculator — Riverview, New Brunswick

Banking & Economy in Riverview, New Brunswick

Riverview sits across the Petitcodiac River from Moncton, connected by the Gunningsville Bridge, and is one of New Brunswick's largest municipalities. As a bedroom community to Greater Moncton's employment base, Riverview has grown steadily as families seek quieter residential settings while maintaining access to Moncton's services.

The Petitcodiac River — known as the Chocolate River for its thick silt load — is famous for its tidal bore, one of the largest in Canada. The tidal bore phenomenon, where the incoming Bay of Fundy tide creates a wave front that moves upriver, is a natural spectacle that draws tourists and has become a point of civic pride in Riverview and Moncton.

Riverview's residential character is dominated by suburban housing — detached homes, townhouses, and newer subdivisions that have attracted families priced out of Moncton proper. The town's strong school system and relatively low crime rates make it a popular choice for families with children.

Real estate in Riverview has appreciated in line with Greater Moncton's strong market. Average detached homes trade in the $340,000 to $430,000 range, with newer east-end subdivisions commanding premiums. New Brunswick's 1.0% land transfer tax adds approximately $3,500 to $4,300 to closing costs on typical Riverview properties.

Banking in Riverview is well-served by the major Canadian banks with branches along Coverdale Road and Riverview's commercial corridors. For residents seeking to minimize fees, KOHO's zero-fee banking and EQ Bank's high-interest savings offer significant advantages over the $15–$30 monthly fees charged by the Big Five.

Frequently Asked Questions

What is the land transfer tax in Riverview NB?
Riverview buyers pay 1.0% of the assessed value as New Brunswick land transfer tax. Confirm with your real estate lawyer.
Is Riverview NB part of Greater Moncton?
Yes, Riverview is a separate municipality but is considered part of the Greater Moncton Census Metropolitan Area. It functions as a residential suburb to Moncton.
Is Riverview a good place to buy a home in New Brunswick?
Riverview offers good schools, suburban housing, and access to Moncton's employment base. Real estate has appreciated but remains more affordable than NS or Ontario equivalents.

See also: Best Banks in New Brunswick | Best Banks Moncton NB | Best Banks Dieppe NB