Compare top banks for Greater Victoria's scenic Portage Inlet community
On Vancouver Island, online banking matters more than branch access. KOHO is 100% online — no fees, cash back on groceries, and works anywhere on the Island.
Get KOHO Free — Code 45ET55JSYAView Royal is a small, picturesque municipality wedged between Esquimalt, Colwood, and Saanich, known for its beautiful Portage Inlet waterway, Six Mile Pub (one of BC's oldest), and Victoria General Hospital. Despite its modest size of around 10,000 residents, View Royal punches above its weight in terms of desirability — properties near the inlet command premium prices.
The municipality is popular with healthcare workers at Victoria General, retirees, and young families who want space without leaving Greater Victoria. Its central location means short commutes to downtown, Westshore commercial areas, or the Peninsula, making it a practical base for Vancouver Island life.
View Royal's real estate market reflects its desirability. Waterfront and near-water properties regularly exceed $1 million, while inland View Royal homes typically range from $750,000 to $900,000. PTT is a meaningful cost for buyers here — a $850K purchase means roughly $15,000 in PTT. Use our BC PTT calculator to plan ahead.
Most View Royal residents bank through branches in Esquimalt, Colwood, or Saanich. Island Savings Credit Union operates in Greater Victoria and is a popular choice for community-minded residents. KOHO and EQ Bank are excellent for View Royal's many digital-native residents who prefer managing finances from their phones.
For a full comparison of banking options across BC, visit best banks in BC.
| # | Institution | Type | Best For | Monthly Fee |
|---|---|---|---|---|
| 1 | KOHO | Fintech | No fees, cash back | $0 |
| 2 | EQ Bank | Online | High-interest savings | $0 |
| 3 | Island Savings Credit Union | Credit Union | Local VI expertise, flexible rates | $0–$5 |
| 4 | TD Canada Trust | Big 5 | Everyday banking, branches | $4–$30 |
| 5 | RBC Royal Bank | Big 5 | Full-service, mortgages | $4–$30 |
| 6 | Scotiabank | Big 5 | Scene+ rewards | $4–$27 |
Estimate your PTT for a View Royal home purchase. Full BC PTT guide →
Most View Royal residents use branches in Esquimalt, Colwood (Westshore), or Saanich. Island Savings and all Big 5 banks are accessible within a short drive.
Yes — KOHO is fully digital and works anywhere in Canada. No need to drive to a branch. Use code 45ET55JSYA to sign up for free.
PTT on $850K: $2,000 + $13,000 (on $650K at 2%) = $15,000. Use the PTT calculator above for your purchase price.