Banks in Canada

Online Banking in Canada

All the major domestic banks in Canada offer online banking (it is also known as internet banking and electronic banking too).

Online banking in Canada has become an integral part of the way we do day-to-day banking. Whether accessing your accounts from home or when travelling Canadians have come to rely on the convenience of online banking. If you have access to the internet and a computer you will be able to pay bills, transfer funds, buy financial products day or night if you have signed up for online banking with your Canadian bank.

According to ComScore.com (Oct 7, 2010) Canada is the number 1 country for online banking penetration at 65% followed closely by the Netherlands at 61%. The USA is 9th at 45%. This means that 65% of internet users in Canada access online banking sites each month. See graph for all Top 10 countries for online banking penetration.

Other benefits of online banking is to be able to see transactions posted to your savings or chequing account, line of credit, mortgage, etc.. Many banks offer brokerage services and you can buy and sell stocks online. You can buy these investments in real time at a fraction of the cost of a full service broker.

Here’s a list of the direct website links to Banks in Canada online banking:

To visit RBC Royal Bank online banking go to  …  RBC Online Banking

To visit TD Bank online banking  (known as “Easyweb”) go to … TD Bank Online Banking

To visit Scotiabank online banking (known as “ScotiaOnline”) go to Scotiabank Online Banking

To visit BMO online banking  go to BMO Online Banking

To visit CIBC online banking (known as CIBC Online) go to CIBC Online Banking

To visit National Bank online banking go to National Bank Online Banking