Best Banks in Regina, SK — 2025 Rankings

Ranked by fees, interest rates, branch access, and customer service for Regina residents.

How We Ranked Regina Banks

We evaluated Regina's banks and credit unions across five key factors: monthly fees, interest rates on savings and mortgages, branch and ATM availability in Regina, digital banking capability, and customer service quality. Here are our top picks for 2025.

Best Overall: Conexus Credit Union

Conexus Credit Union is Saskatchewan's largest credit union and offers some of the most competitive rates and lowest fees in Regina. As a member-owned institution, profits are returned to members through better rates, dividends, and community programs. Conexus has a large branch network across Regina and offers full personal, business, and agricultural banking services.

• Monthly fee: $0–$12 depending on account
• Strong mortgage rates — often 0.1%–0.2% below Big Bank posted rates
• CDIC-equivalent protection through Credit Union Deposit Guarantee Corporation (CUDGC) — unlimited deposit protection in Saskatchewan
• Community reinvestment and profit-sharing for members

Best Big Bank: RBC Royal Bank

For Regina residents who want a national bank with the widest range of products, RBC is consistently rated highest for digital banking experience, credit card variety, and investment products. RBC has prominent downtown Regina branches and strong mortgage advisor teams.

Best for Newcomers: Scotiabank

Scotiabank's StartRight program is one of the best newcomer banking packages in Canada. It offers free banking for the first year, no-fee international money transfers to 50+ countries, and credit cards designed for people with no Canadian credit history. The program is especially valuable for Saskatchewan PNP (SINP) arrivals and international students at the University of Regina.

Best Digital Banking: KOHO

For Regina residents who rarely need a physical branch, KOHO is the top digital banking option. There are zero monthly fees, no minimum balance, and you earn cash back on everyday purchases. Opening an account takes minutes entirely online.

Best for Mortgages: Affinity Credit Union

Affinity Credit Union consistently offers competitive mortgage rates in Saskatchewan. Their local underwriting means faster approvals and more flexibility for self-employed borrowers and those with non-traditional income. Their advisors are knowledgeable about Regina's real estate market and the province's first-time buyer programs.

Regina Bank Comparison Table 2025

Institution	Monthly Fee	Best For	Branches in Regina
Conexus CU	$0–$12	Overall value	8+
RBC	$4–$30	Products & digital	6+
Scotiabank	$0 (year 1 newcomer)	Newcomers	5+
Affinity CU	$0–$10	Mortgages	4+
KOHO	$0	No-fee digital	Online only

Saskatchewan Deposit Protection

One unique advantage of banking with a Saskatchewan credit union is deposit protection through the Credit Union Deposit Guarantee Corporation (CUDGC), which provides unlimited deposit protection — far exceeding the $100,000 CDIC limit at federal banks. This is a significant advantage for savers keeping large balances.