Maple News reports that TD Bank, one of Canada’s largest and most trusted financial institutions, has joined forces with MPOWER Financing to enhance banking accessibility for international students arriving in Canada. This partnership is set to offer a more seamless and supportive financial experience for students as they settle into academic and daily life in a new country.
MPOWER Financing, a fintech company known for its mission-driven approach to lending for international and DACA students, has tapped TD as its preferred banking partner in Canada. Through MPOWER’s no-cosigner loans, thousands of global students study at Canadian institutions each year. Now, through this collaboration, those students are encouraged to access TD’s customized International Student Banking Package.
The TD International Student Banking Package is designed specifically to meet the unique challenges that international students face when setting up their financial life in Canada. It includes a student chequing account with unlimited transactions and no monthly fee for eligible students, a savings account with a three-month bonus interest rate, and a no-annual-fee cash back Visa credit card (subject to approval).
Moreover, international students benefit from unlimited global money transfers with up to 12 months of transfer fee rebates when using TD Global Transfer from their student chequing account. To offer an added incentive, students who bundle all three products can receive a $50 Amazon.ca gift card, subject to terms and conditions.
For over 150 years, TD has been a stalwart in Canadian banking, with more than 1,000 branches and 16 million clients. The bank offers newcomer-friendly services in over 80 languages and is known for its extended service hours and extensive ATM network. TD also provides educational resources to support financial literacy and help newcomers understand key concepts like credit score development.
Choosing the right financial partner is essential for new arrivals to Canada, especially students juggling school, personal life, and moving logistics. TD’s offerings go beyond conventional banking by tailoring services to support an easier transition into Canadian society.
The collaboration with MPOWER Financing positions TD to serve a critical role in the newcomer journey—providing financial tools, resources, and services that go hand-in-hand with academic success for international students.