Top-rated Canadian banking apps ranked by features, user ratings, security, and overall experience
TD consistently ranks as the #1 or #2 Canadian bank app. Features include mobile cheque deposit, instant e-Transfer, spending insights, TD MySpend integration, mortgage and investment tools, and excellent security (biometric login, real-time fraud alerts).
RBC's app is comprehensive with a clean interface. Features include NOMI insights (predictive spending analysis), mobile cheque deposit, e-Transfer, investment accounts, and the NOMI Find & Save feature that automatically moves spare cash to savings.
KOHO's app is beautifully designed and purpose-built for digital-first users. Real-time spending notifications, instant cashback tracking, savings goals, round-up savings, and credit building tools. The $100 welcome bonus (code: 45ET55JSYA) is activated through the app.
Wealthsimple's app seamlessly combines banking (Cash account) and investing (stocks, ETFs, crypto, TFSA, RRSP). One of the best-designed Canadian financial apps with intuitive navigation.
Scotiabank's app offers solid mobile banking with SCENE+ rewards integration, NOMI Predict & Save, and good investment tools. Has improved significantly in recent years.
| App | App Store Rating | Mobile Cheque Deposit | e-Transfer | Investing | Cashback |
|---|---|---|---|---|---|
| TD Canada Trust | 4.7 | Yes | Yes (instant) | Yes | No |
| RBC Mobile | 4.6 | Yes | Yes (instant) | Yes | No |
| KOHO | 4.6 | No | Yes | No | Up to 2% |
| Wealthsimple | 4.6 | No | Yes | Yes (stocks, crypto) | No |
| Scotiabank | 4.4 | Yes | Yes (instant) | Yes | SCENE+ points |
| BMO | 4.3 | Yes | Yes | Yes | No |
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Open KOHO — Code: 45ET55JSYATD Canada Trust consistently earns the highest mobile app ratings among the Big Five banks, with a 4.7-star App Store rating and over 200,000 reviews. Among all Canadian financial apps, KOHO and Wealthsimple are also top-rated for their beautiful design and ease of use. The "best" app depends on what you need: TD for comprehensive banking, KOHO for spending/saving, Wealthsimple for investing.
Yes. Canadian bank mobile apps use bank-level security: 256-bit encryption, biometric login (Face ID, fingerprint), two-factor authentication, and real-time fraud monitoring. Interac e-Transfer also has robust security. Always use official bank apps from the App Store or Google Play, and never bank on public Wi-Fi without a VPN.
Yes. Most major Canadian banks (TD, RBC, Scotiabank, BMO, CIBC) offer mobile cheque deposit — you simply photograph both sides of the cheque within the app. Most digital banks (KOHO, EQ Bank) do not support mobile cheque deposit. TD and RBC have the most reliable mobile cheque deposit systems.
Yes. KOHO's app is consistently rated 4.6+ stars on the App Store and Google Play. It's known for its clean design, real-time spending notifications, cashback tracking, savings goals, and credit-building tools. The app is intuitive and requires no banking experience to use effectively.
Wealthsimple is the best app for combining banking (Cash account) and investing (stocks, ETFs, crypto, TFSA, RRSP) in one platform. Their app is beautifully designed and seamlessly connects your cash and investment accounts. For just banking, TD is the top Big Five choice. For no-fee everyday banking with cashback, KOHO is best.