Are there any special offers for Ukrainians?

In today's Canadian banking environment, Ukrainians have access to several unique programs specifically designed to support those who have arrived in Canada during the war or are planning to build a new life here. As a major cultural and economic hub, Calgary offers a particularly wide range of such services, including both national banks with Ukrainian packages and specialized Ukrainian credit unions with unique benefits for the Ukrainian diaspora.

Why are these special offers available now?

The Russian invasion of Ukraine in February 2022 prompted the Canadian government to launch the Canada-Ukraine Authorization for Emergency Travel (CUAET) program, which allowed more than 300,000 Ukrainians to come to Canada without restrictions on the number of applications. At the same time, the banking sector responded quickly by creating special conditions not only for those who arrived under the CUAET, but also for all Ukrainians who needed financial support during the resettlement process.

Unlike standard packages for newcomers, Ukrainian programs often include additional benefits: free international transfers to Ukraine and neighboring countries, extended periods without bank fees, simplified access to credit products, and culturally sensitive service in Ukrainian.

Ukrainian Credit Union: the most specialized solution

Ukrainian Credit Union Limited (UCU), founded in 1944, is the largest Ukrainian credit union in Canada with over 29,000 members and 16 branches across the country. Although headquartered in Ontario, UCU serves customers across Canada, including Alberta, through digital channels and partner networks.

Welcome Ukraine Package from UCU

  • Free checking and savings accounts for three years

  • Enhanced Debit Card with limits of up to CAD 1,000 in cash and CAD 1,500 in purchases per day

  • No fees for international transfers to Ukraine and neighboring countries

  • Ability to open an account online from Ukraine using a Ukrainian passport or driver's license

UCU offers financial education in Ukrainian through webinars and refunds CAD 150 of the membership fee in three annual installments of CAD 50 for active accounts.

Limitations of UCU in Calgary

The main drawback is the lack of a physical branch in Calgary. For transactions that require personal presence, you will need to contact partner institutions.

Ukrainian Calgary Savings & Credit Union

Located in Calgary at 200-409 9 Ave NE. Offers:

  • Local service for the Ukrainian community
  • Personalized approach
  • Ability to quickly resolve issues directly with management

Has more flexible lending terms for local entrepreneurs and families, especially for real estate purchases.

Scotiabank StartRight: the most generous offer for Ukrainians

Offer for Ukrainians who arrived after January 1, 2022:

  • Free Preferred Package for 1 year
  • Free small safe deposit box
  • Momentum PLUS Savings Account with no minimum balance
  • Special credit cards for newcomers

Scotiabank is the only major bank with a separate page for Ukrainians and free international transfers to Ukraine.

Programs from major banks with Ukrainian support

RBC: language support and special advisors

  • Ukrainian-speaking consultants in Calgary
  • Financial literacy seminars
  • Job search and adaptation support

BMO NewStart: special offer for Ukrainians

  • Performance Chequing Account with no fees for 2 years

  • CashBack Mastercard

  • Free international transfers to Ukraine

  • Total value of benefits — up to CAD 1,450

Government support and its impact

CUAET financial assistance

One-time payments (program ends in June 2024):

  • CAD 3,000 per adult
  • CAD 1,500 per child

Alberta provincial support

Until July 31, 2027 — emergency assistance for Ukrainians with limited assets (housing, clothing, utilities).

Servus Credit Union and other Alberta options

Servus Credit Union offers:

  • 2 years of free checking
  • Unlimited domestic and international transfers with no fees
  • Free safe deposit box
  • 0.5% bonus on term deposits

Practical tips for choosing

  • Maximum benefits: UCU
  • Local service: Ukrainian Calgary Savings & Credit Union
  • Balance of benefits and convenience: Scotiabank or BMO
  • Long-term relationship: RBC

Conclusion

Special banking offers for Ukrainians in Calgary are an example of active community support. The optimal strategy is to combine the services of large banks, Ukrainian credit unions, and local institutions for maximum benefit.