Best Banks in South Burnaby 2025

From Metrotown to Edmonds — banking for South Burnaby's diverse communities.

South Burnaby covers the area south of Central Park, including Metrotown, Edmonds, and the residential streets bordering New Westminster. It's one of Burnaby's most densely populated corridors, with the Expo Line running through it and significant condo and townhome density.

1
KOHO — Best for South Burnaby Residents
No fees, cash back, works everywhere
Monthly Fee
$0
Cash Back
Up to 2%
Setup Time
5 minutes

South Burnaby residents benefit from KOHO's zero-fee structure. Whether you shop at Metrotown or Edmonds Crossing, KOHO's Visa card earns cash back on purchases. Use code 45ET55JSYA for a sign-up bonus.

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2
EQ Bank — Best High-Interest Savings
4%+ on your savings, zero cost
Savings Rate
4.00%+
Monthly Fee
$0

EQ Bank is the best place to keep savings for South Burnaby residents — whether saving for a condo down payment near Metrotown or building an emergency fund. No fees, no minimum balance, top rates.

3
Westminster Savings CU — Best Local Branch
South Burnaby and New Westminster focused
Type
Credit Union
Area
South Burnaby / NW

Westminster Savings Credit Union is the natural local bank for South Burnaby. With strong roots in both Burnaby and New Westminster, their advisors understand the south Burnaby property market and offer competitive mortgage rates.

4
TD Bank — Best Big Bank in South Burnaby
Metrotown branch, full services
Monthly Fee
$10.95–$29.95
Hours
7 days/week

TD's presence near Metrotown gives South Burnaby residents full-service banking with extended hours. TD's mortgage specialists can assist with both Burnaby and New Westminster purchases.

5
Scotiabank — Best for Scene+ Rewards
Earn points on everyday spending
Monthly Fee
$10.95–$30.95
Rewards
Scene+ points

Scotiabank's Scene+ program is popular with South Burnaby residents who enjoy movies at Cineplex theatres or want grocery rewards. Branches are accessible along the Expo Line corridor.

Save on Banking in South Burnaby

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South Burnaby Neighbourhoods and Banking

South Burnaby is dominated by the Metrotown commercial district in the northwest and the quieter Edmonds neighbourhood to the southeast. Central Park forms a natural green boundary between south Burnaby and the residential areas above it. Residents here tend to commute along the Expo Line, making transit-adjacent banking and ATM access important.

Home Prices in South Burnaby

South Burnaby offers a range of housing types. Condos near Metrotown average $700,000–$900,000. Older condos and townhomes in Edmonds are generally $550,000–$750,000. Single-family detached homes range from $1.4M to $2.0M depending on lot size and condition. First-time buyers should calculate PTT carefully — new condo purchases under $835,000 qualify for BC's first-time buyer new home exemption.