The Square One area is the heart of Mississauga — Canada's sixth-largest city centre, home to the region's largest shopping mall, the Mississauga City Hall, major condo towers, and a dense concentration of businesses and residents. Banking options in this district are plentiful, with every major Canadian bank and several credit unions operating nearby. Here's how to find the best bank for your needs in 2025.
For condo residents and urban professionals living near Square One, KOHO's no-fee account with cash back on everyday purchases is unbeatable. No branch required — manage everything from your phone, and earn cash back every time you shop at Square One or nearby stores.
Best for: No-fee banking, urban lifestyle, cash backWith condo prices near Square One ranging from $500,000 to over $1 million, growing your down payment matters. EQ Bank's high-interest savings account earns far more than any big bank savings rate. Perfect for Square One-area renters saving to buy.
Best for: High-interest savings, down payment growthMeridian has a presence in Mississauga City Centre and offers competitive mortgage rates for condo and freehold purchases in the Square One area. Member-owned banking with a focus on community — a refreshing alternative to the big banks.
Best for: Mortgages, condo financingTD has multiple locations in and around Square One mall and City Centre Drive. Their in-mall branch is one of the most convenient in Mississauga. TD's condo mortgage expertise is well-suited to the Square One condo market.
Best for: Branch convenience, in-mall bankingRBC's City Centre area branches and advisors are familiar with Mississauga's condo and real estate markets. Strong investment and wealth management options for professionals working in the Square One employment corridor.
Best for: Full-service banking, wealth managementScotiabank operates branches near Square One and offers strong rewards through SCENE+. Their international banking services are popular with Square One's diverse condo community, which includes many residents with ties to other countries.
Best for: Rewards, international bankingKOHO is perfect for GTA residents: no monthly fees, cash back on groceries and gas, and built-in budgeting tools to help you save for a home near Square One. Use code 45ET55JSYA for a bonus.
Get KOHO Free — Use Code 45ET55JSYASquare One Shopping Centre houses several bank branches directly inside the mall, making it easy to handle banking while shopping. TD, RBC, Scotiabank, and BMO all have in-mall or adjacent locations. This is one of the densest concentrations of bank branches in Mississauga, giving residents maximum choice.
The Square One area has seen rapid condo development over the past decade. One-bedroom condos typically start around $500,000–$650,000, while larger units and penthouses exceed $1 million. As a Mississauga address, buyers pay only the Ontario provincial land transfer tax with no Toronto municipal tax — a significant saving on every purchase.
Related: Best Banks in Mississauga | Mississauga LTT Calculator | Credit Unions in Mississauga