Which five banks are the largest in Canada?

Question

When it comes to opening a bank account and getting good services with plenty of bank branches, I was wondering which bank should I go for? I am interested in opening a chequing account but I do not want to have to maintain a high minimum balance monthly and the amount of transaction allowed should be reasonable and not too less.

Answer 1

The five biggest banks in Canada are:-

(1) Royal Bank of Canada. (RBC)

(2) Toronto Dominion Bank. (TD Bank)

(3) Bank Of Nova Scotia. (Scotiabank)

(4) Bank Of Montreal. (BMO)

(5) Canadian Imperial Bank Of Commerce. (CIBC)