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Best Banks in Windsor, Ontario

Windsor residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Windsor is Ontario's Auto City, located across the border from Detroit and home to a major university.

Population ~229,000 · Updated 2025

Top 6 Banks for Windsor Residents

Rates and features as of 2025. Always verify directly with the institution.

EQ

EQ Bank

Digital bank · No monthly fees
Savings Plus Account 3.75% High
  • No monthly fees ever
  • Free Interac e-Transfers
  • CDIC insured deposits
  • 1.5% cashback on spending
  • USD account available
Open EQ Bank Account
KO

KOHO

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Earn on balance 5.00%
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  • Up to 5% cash back
  • No-fee prepaid Visa
  • Early payroll access
  • Credit building options
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TG

Tangerine

Online bank · Scotiabank owned
Savings Account 3.25%
  • No-fee chequing account
  • 2.0% cashback categories
  • Free ABM network (Scotiabank)
  • RSP & TFSA available
  • Welcome rate promotions
Open Tangerine Account
SC

Scotiabank

Big 5 · Full-service branch
Momentum PLUS Savings 2.85%
  • Branches across Ontario
  • Scene+ rewards program
  • Full mortgage solutions
  • Business banking available
  • Student accounts offered
View Scotiabank Offers
TD

TD Bank

Big 5 · Longest branch hours
High Interest Savings 2.50%
  • Extended weekday/weekend hours
  • TD Rewards travel points
  • Comprehensive mortgage options
  • Robust mobile/online banking
  • Student & newcomer accounts
Explore TD Accounts
RBC

RBC

Canada's largest bank
High Interest eSavings 2.40%
  • Largest branch network in CA
  • Avion Rewards program
  • Full mortgage & HELOC options
  • RBC Ventures perks ecosystem
  • Small business banking
Open RBC Account

Ontario Land Transfer Tax Calculator

Windsor buyers pay Ontario LTT only — no municipal land transfer tax applies here.

Ontario LTT (gross)
Net LTT Payable

Rates: 0.5% ≤$55K · 1.0% $55K–$250K · 1.5% $250K–$400K · 2.0% $400K–$2M · 2.5% above $2M. FTB rebate: full ($4,000) if price ≤$368,000, partial up to $400,000, zero above $400,000.

Frequently Asked Questions — Banking in Windsor

Local answers for Windsor home buyers and savers.

What is the average home price in Windsor?

Windsor has historically had some of the most affordable home prices among Ontario cities of its size, with averages around $400,000–$520,000. The market has been active due to relative affordability compared to the GTA.

Does Windsor have a municipal land transfer tax?

No. Only the City of Toronto levies a municipal LTT in Ontario. Windsor buyers pay only the provincial Ontario Land Transfer Tax.

What banks are available in Windsor?

Windsor has extensive banking infrastructure including all Big 5 banks, local credit unions like Windsor Family Credit Union, and digital banks. The cross-border economy means many residents also use US financial services.

Is Windsor good for first-time home buyers?

Windsor offers relatively affordable entry into Ontario homeownership. Homes priced at or near $400,000 may qualify for a partial Ontario FTB rebate. Use our calculator to see your LTT estimate and potential savings.