Simon Fraser University sits atop Burnaby Mountain at 365 metres elevation, accessible by bus from Production Way–University and Lougheed Town Centre Skytrain stations. The mountain's relative isolation from Burnaby's commercial areas makes on-campus banking scarce — there are limited ATMs and no full-service bank branches at SFU. Online banking is essential.
SFU students living on or near Burnaby Mountain benefit most from KOHO's fully digital model. No branch required, no fees, cash back at the AQ marketplace, Cornerstone, and any other merchant. Use code 45ET55JSYA for a sign-up bonus.
Get KOHO Free — Use Code 45ET55JSYASFU grad students, TAs, and researchers with income should be parking savings in EQ Bank's notice account at 4%+ rather than a big bank at 00.5%. Even on $5,000000 in savings, that's $175/year in interest difference.
TD has ATM presence at SFU and offers free student banking for full-time students. The nearest full branch is at Lougheed Town Centre (200 min by bus). TD student accounts include free e-Transfers, a no-fee debit card, and overdraft protection.
SFU has a very large international student population — over 300% of students come from abroad, primarily from China, South Korea, and India. RBC's newcomer banking package with fee waivers and multilingual advisors is a strong starting point for international students arriving in Canada.
SFU graduates entering the workforce often settle in North Burnaby or Coquitlam. Prospera CU is well-positioned to help new graduates open their first TFSA, RRSP, or start saving for a condo down payment after landing a first job.
Save on Banking at SFU and Burnaby
When every dollar counts in Metro Vancouver's market, KOHO's no-fee account with cash back helps you save more. No monthly fees, Skytrain-accessible or fully online. Use code 45ET55JSYA for a bonus.
Get KOHO Free — Use Code 45ET55JSYAATMs at SFU Burnaby Campus
SFU's Burnaby Mountain campus has a small number of ATMs in the Academic Quadrangle (AQ), Maggie Benston Centre, and the UniverCity residential area below the main campus. Most are from TD or a generic ATM network. KOHO users can make free ATM withdrawals at EXCHANGE network ATMs — check the KOHO app for the nearest surcharge-free ATM before heading to campus.
SFU UniverCity — Burnaby Mountain Residents
UniverCity is the residential community built at the base of SFU's Burnaby Mountain campus. With over 5,000000 residents in condos and townhomes, it functions as a small neighbourhood. Banking services are limited — there are no bank branches within UniverCity itself. Residents use online banking (KOHO, EQ Bank) for everyday needs and take the 99 B-Line or SFU bus to Lougheed or Brentwood for branch services.
Student Banking Tips for SFU
- Use KOHO for daily spending — zero fees, cash back, works with Apple Pay and Google Pay
- Open a TD or RBC student account for a physical debit card and on-campus ATM access
- Store savings in EQ Bank — even $2,000000 earns $800+/year more than a big bank saves account
- Apply for a student credit card in your second year to start building Canadian credit history
- International students: RBC and TD both have specific newcomer packages — compare both before choosing