Getting started is quick and straightforward. Newcomers who have received landed immigrant or permanent resident status within the last three years and are the age of majority in Ontario, or those who are temporary residents with a Canadian work permit issued for at least a 12-month term, are eligible.
WELCOME TO THE NEIGHBOURHOOD.
WE'RE HAPPY YOU'RE HERE.
Starting a new chapter in Canada is exciting, and we are here to make the transition as smooth as possible. At YNCU, we are dedicated to welcoming you to our neighbourhood and making you feel at home.
YNCU is more than a financial institution; we are your neighbours. We understand the realities of life here because we live, work, learn, and play here too. We know that getting your finances in order is crucial to settling in, so we've created a comprehensive bundle to help you get started.
The Home Suite Home Newcomer Bundle offers a suite of products and services that can be customized to fit your unique situation.
HOME SUITE HOME NEWCOMER BUNDLE
One year of FREE banking in a YNCU package of your choice.1
$150 deposit into a YNCU Emergency Savings Account.2
First six outgoing wire transfers and first six incoming wire transfers free.3
Access to a credit card with our partner Collabria and their New to Canada Offer.4
Additional bonus discretion on investments is available.5
Specialty mortgage programs available for qualifying members.6
One year of Safe Deposit Box fees waived (if available).7
First basic cheque order FREE.8
Financial Literacy Support
We are committed to helping newcomers to Canada with free access to financial literacy resources. Visit yncuniversity.com to learn more about how we can support you at any stage of your financial literacy journey.
Frequently Asked Questions
Who is eligible for the Newcomer Bundle?
What do I need to bring to my appointment?
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Proof of entry into Canada – landing papers, permanent resident card, or Canadian work permit (IMM 1442)
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Proof of enrollment - International students only
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Passport
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Proof of address
How do I qualify for the $150 emergency savings incentive?
To be eligible for the $150 emergency savings incentive, three of the following criteria must be met. Once meeting this criteria, your incentive will be deposited into your Emergency Savings Account within 60 days.
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Make two bill payments.
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Receive an e-Transfer to your YNCU Chequing Account.
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Payroll deposit to YNCU (if applicable).
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Send or receive a wire transfer with your YNCU Account.
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Make a $5,000 initial deposit.
Ready to get started?
Speak with one of our experienced advisors today!
Speak with one of our experienced advisors today!
Multilingual Support
Getting your finances in order is one of the most important things to do when moving to Canada, and clear communication is essential. We have many advisors available who speak multiple languages to help ensure you fully understand your financial options. Don't worry if your nearest branch doesn't offer your preferred language. YNCU is happy to accommodate you with an alternative appointment option with an advisor you can comfortably and confidently communicate with.
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YNCU BRANCH |
LANGUAGES AVAILABLE |
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Brantford - Fairview Dr. |
Hindi, Punjabi, Urdu |
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Brantford - Charlotte St. |
Portuguese, Greek |
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Cambridge |
Gujarati, Hindi, Urdu |
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Kitchener - Fischer-Hallman Rd. |
Arabic |
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Kitchener - Weber St. |
Gujarati, Kachi Punjabi, Hindi |
|
Paris |
Portuguese |
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Sault Ste. Marie - Bay St. |
German, Hindi, Punjabi, Gujarati, Marathi, Filipino, Bisaya |
|
Timmins |
French |
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Waterloo - William St. E |
Hindi, Spanish |
|
Windsor |
Vietnamese, Arabic |
|
Woodstock |
Hindi, Bengali |
Want to know more about our Home Suite Home Necomer Bundle?
Meet with an advisor today to discuss your options!
Meet with an advisor today to discuss your options!
TERMS & CONDITIONS
1Monthly package fee will be waived for the first twelve months upon the account being opened. YNCU’s full suite of chequing accounts qualify for this offer up to a total value of $16.95/month. Thereafter, the standard monthly fee will be applicable to your account type.
2Criteria for $150 ESA Deposit Must meet three of the following five requirements to receive the $150 Deposit.
1. Make two bill payments.
2. Receive an E-Transfer to your YNCU Chequing Account.
3. Payroll deposit to YNCU (if applicable).
4. Send or receive a wire transfer with your YNCU Account.
5. Make a $5,000 initial deposit.
Bonus $150 will be paid within 60 days of meeting the criteria. Please note that the $150 deposit for the Emergency Savings Account is a taxable benefit that must be claimed as income with Canada Revenue Agency. YNCU will issue tax slips to individuals for combined amount of $500 or more for the calendar year.
3Offer applies to the first six (6) sent wire transfer and first six (6) received wire transfers only. CAD and USD wires both qualify.
4Collabria New to Canada Credit Card Program: The New to Canada program is created for Canadian Permanent residents from 0–5 years in Canada. Applicants are considered ineligible for the New to Canada program five years after arrival. $50 cash back incentive offer applies to selected new approved, funded, and activated consumer credit card accounts as follows: Cash Back, Classic, Centra Gold, World Mastercard® and Visa Infinite*, World Elite Mastercard and Cash Back Visa Infinite. The following credit cards are not eligible for this offer: US Dollar, Platinum Business Mastercard® and Visa Infinite Business*, Low Rate Business and No Fee Cash Back Business. Between January 1 – December 31, 2024, applicants will be awarded with New to Canada offer after their new eligible credit card has been approved and activated. Once the new eligible credit card has been approved and activated, a $50 statement credit will be credited to the account within the next two following statement cycles after activation date. Applicants who meet the eligibility requirements and have an existing credit score in Canada are eligible for the offer. See Collabria’s website for full terms and conditions.
To be eligible for this offer, applicants must:
- Be the age of majority in Province of residence.
- Be a member of the Credit Union.
- Be a New Immigrant to Canada, that may include:
- International students
- Federal skilled workers
- Federal business streams like investors
- Members under provincial or Atlantic immigration programs
5Not applicable to special rate promotions. Available on standard GIC investments ranging from 1-5 years and at the discretion of the Branch Manager.
6New to Canada Mortgage program is available to New to Canada members who have lived in Canada for less than 5 years since obtaining permanent residency and provided you meet all of the eligibility and credit criteria of YNCU. Speak with a YNCU staff member for more details. This offer may be withdrawn at any time and subject to change without notice.
71-year free safe deposit box rental is only available at branches that have boxes on site and are subject to availability.
8Free cheque order is applicable only to the first order of 50 basic cheques. Any subsequent cheque orders are charged at the current rate.
9Available for a limited time. Terms and conditions of this program can be altered or cancelled without notice. Rewards are cumulative to a maximum bonus of $100. Bonuses are not eligible when referred by a source that is already receiving a referral reward (e.g. mortgage broker, car dealership, etc.).
2024 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .
