New Sudbury is Greater Sudbury's primary commercial district, located in the northern part of the city along the Lasalle Boulevard corridor. Home to New Sudbury Centre mall, big-box retailers, restaurants, and a dense concentration of services, New Sudbury is where most Sudbury residents do their banking — whether they live in the area or drive in from across the municipality. This guide covers the banking landscape of New Sudbury and what residents of the surrounding areas should know.
New Sudbury was developed in the postwar era as Sudbury expanded northward. Lasalle Boulevard became the spine of a suburban commercial district that now serves as the primary shopping and services destination for Greater Sudbury's entire population. New Sudbury Centre (the main mall), Canadian Tire, Home Depot, Costco, grocery stores, and dozens of service businesses are all located in this corridor.
The residential communities surrounding New Sudbury — including Lasalle, Chelmsford Road area, and Lively — are among Sudbury's most family-oriented and economically stable neighbourhoods. Residents here have good incomes, primarily from mining and healthcare employment, and strong demand for mortgage products, investment accounts, and family banking services.
New Sudbury's commercial density has attracted bank branches from all major Canadian banks. The Lasalle Boulevard corridor and surrounding shopping areas host a comprehensive banking ecosystem:
RBC has a branch presence in New Sudbury serving both personal and small business customers. The New Sudbury RBC location benefits from high traffic in the commercial district, with extended weekend hours at some locations.
TD's New Sudbury branch exemplifies their commitment to accessible hours. TD Green Machine ATMs are distributed across the New Sudbury retail corridor. TD's full personal banking suite including student accounts, mortgages, and investment products is available here.
BMO serves New Sudbury residents with personal and business banking. Their mortgage advisors work with the local real estate market, and their commercial banking team serves small businesses in the New Sudbury commercial district.
Scotiabank's New Sudbury presence includes branch and ATM services. Scene+ rewards are popular among New Sudbury residents who frequent Cineplex at New Sudbury Centre. Scotiabank's student banking products serve Laurentian and NOSM students who live in the north end.
CIBC serves New Sudbury with personal banking, business accounts, and their investment platform. CIBC ATMs are accessible in the retail corridor.
Northern Credit Union has a significant presence in the New Sudbury area. For residents who prioritize community ownership and competitive rates over the major bank brand, Northern Credit Union delivers full banking services with a Northern Ontario focus. Their mortgage products frequently match or beat bank posted rates, and their lending decisions are made locally with understanding of the Sudbury mining economy.
New Sudbury has excellent ATM coverage. In addition to bank ATMs at branch locations, ATMs are available inside New Sudbury Centre and at high-traffic retail locations. Credit union members on the Exchange Network can find participating ATMs for surcharge-free withdrawals. Third-party ATMs at convenience stores and entertainment venues in the area charge $2–$4 per transaction.
Beyond traditional banking, New Sudbury offers a range of financial services that complement banking products:
New Sudbury's family demographic drives strong demand for several specific banking products:
Many New Sudbury residents work at Vale or Glencore. High mining wages create capacity for meaningful savings and investment, but the industry's cyclical nature means financial stability isn't guaranteed. Key financial priorities for mining workers include:
Despite New Sudbury's excellent branch access, many residents find online banking handles 90%+ of their financial transactions. Mobile cheque deposit, Interac e-Transfer, and bill payment through bank apps are standard tools. For residents who want to fully eliminate banking fees, no-fee platforms like Tangerine, Simplii, EQ Bank, and KOHO provide complete banking functionality without monthly charges — savings of $120–$360 per year compared to full-service major bank accounts.
In Northern Ontario, branch banking can mean long drives. KOHO gives you a fully online free account with no monthly fees and no minimum balance — banking that works from anywhere. Use code 45ET55JSYA for a bonus when you sign up.
Open KOHO Free — No Fees — Code 45ET55JSYA