Current Events and Notices

Find out the latest news on Shinhan Bank Canada as it happens.

Health is the Best Wealth

TFSA/RRSP/RRIF Promotion

Period : January 6 – March 31, 2025

Eligible Products and Promotional Rates

  • RRSP/RRIF/TFSA Term Deposit
    • 1 year, 1.5 years, 3 years: 3.15%
    • 2 years: 3.25%
      • +Bonus rate : 0.05%
  • RRSP/TFSA e-GIC, GIC
    • 1 year, 1.5 years, 3 years: 3.35%
    • 2 years: 3.45%
      • Bonus rate : 0.05%

 

Event Benefits

  • New customers, less active customers, or existing customers who participated in the last three promotions:

    • Promotional rate + Bonus rate (0.05%)
    • Names entered twice into the lucky draw
    • Minimum contribution amount: $5,000

  • Existing customers who did not participate in the last three promotions:

    • Promotional rate applied
    • Names entered once into the lucky draw

  • For existing funds, only the promotional rate will be applied.

 

Lucky Draw Details

  • 5 winners will be randomly drawn per month to receive a Sodamhwa Gift Set.
  • Winner announcement dates: February 3, March 3, April 1, 2025
  • Where to check winners: Shinhan Bank Canada homepage, Instagram, Facebook
  • How winners will be contacted: Via phone call or email
 
*Terms and conditions apply. APR (Annual Percentage Rate) applied. The depicted image of the prize is for representation purposes only; the actual prize may differ. This event is subject to change without prior notice (except for the customers who have already registered for this event). Contact your nearest Shinhan branch for more information.

Important Notice

Notice of Thornhill Branch Relocation

Dear valued clients,

 
This is important news regarding the relocation of our Thornhill branch at 7191 Yonge St., Unit 106&107, Thornhill, ON L3T 0C4. Effective May 10, 2025, the Thornhill Branch will officially close, and its operation will merge with our North York Branch at 5095 Yonge St., Unit B2, North York, ON M2N 6Z4.

 

Please click below to find out the details of the notice including the scheduled pre-consultation meetings for the purpose of exchanging views about the closure of the branch, relocation of your accounts, and more.

More Details

Holiday Scam Prevention

5 Tips to Avoid Holiday Scams

Dear Valued Customers,

 

As the holiday season approaches, we are seeing a rise in scams, particularly involving e-transfer and other fraudulent activities.  At Shinhan Bank Canada, your security is our top priority, and we want to help you stay safe during this time.

 

[ Protect Yourself with These Tips ]

1. Use secure passwords and update them regularly

  • Use strong, unique paswords for your online banking and other financial accounts
  • Avoid reusing old passwords, update them regularly, and use a different password for each account

2. Use secure online channels

  • Only use trusted websites and be conscious about what you share online
  • Avoid using public Wi-Fi for banking

3. Be cautious with email transfers

  • Always verify the recipient before sending any funds
  • Avoid transferring money to unfamiliar or unexpected requests

4. Stay alert for phishing scams

  • Do not click on suspicious links or attachments
  • When in doubt, contact us directly using verified contact information

5. Monitor your accounts

  • Check your accounts regularly for unauthorized activity

 

If you suspect any fraudulent activity, please contact your nearest branch.

If you were defrauded, please contact your local police to report.

 

Wishing you a safe and happy holidays! 

Now Launched !

INTERAC e-Transfer® Service

Shinhan Bank Canada is excited to be presenting INTERAC e-Transfer Service.

What is INTERAC e-Transfer? With INTERAC e-Transfer, you can send, receive, and request money to a person or a business within Canada. You will only need the recipient’s email address or a valid Canadian mobile number, and a participating Canadian financial institution bank account. It’s easier and more secure than cheques or cash!
* Terms and conditions may apply.
Please visit your nearest Shinhan branch for more details.
Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.
Fee Details

USD/KRW Exchange & Wire Transfer Promotion

Holiday Exchange Cheer

Period : December 16 – 31, 2024

USD/KRW Foreign Exchange (Prime Exchange Rate)

  • Applicable to both Bank-buy and Bank-sell USD/KRW

 

Outgoing Wire Transfer (Prime Exchange Rate)

  • Wire fees waived (*Cable Charge applies)

  • Only applies to outgoing wires transfers after exchanging to USD/KRW

 

 

*Terms and conditions may apply. This event only applies to In-branch transactions.  Only applicable to personal (sole prop and partnership included) accounts. This event is subject to change without prior notice (except for the customers who have already registered for this event).
Please contact your nearest Shinhan branch for more details.

TFSA & RRSP Promotion

Switch & Save

Period : October 7 – December 31, 2024 (may end earlier upon reaching the limit)

Change your registered savings to Shinhan.

  • Get the applicable Transfer Fee Waived (up to $150)
  • Receive bonus rates up to x2.6 on applicable products. 

 

 

* Terms and Conditions may apply | APR (Annual Percentage Rate) applied | Customers must have an existing SHBC non-registered personal deposit account to be eligible for this offer | Applicable transfer fee reimbursement of up to $150 (with applicable proof of transfer fee payment, and will be deducted if withdrawal/transfer is made before April.1,2025) | Bonus interest rate is applied to ‘TFSA/RRSP/RRIF regular savings account’ ONLY | Offers are only valid for transfer of funds or contributions minimum $5,000 CAD equivalent | The transer of assets must be initiated during the promotion period and must be deposited by January 31st, 2025 | This event is subject to change without prior notice (except for the customers who have already registered in this event) 
Please visit your nearest Shinhan branch for more details

Dive Into Savings !

Installment Savings Promotion (Part.2)

Period : July 15 – Sept 27, 2024 (may end earlier upon reaching the limit)

< Promotional Rate >

  • 12 months : 6.00%

 

< Details >

For New Customers

  • Offer 1 : Promotional rate of 6.00% for 1 year Installment Savings
  • Offer 2 : Open SHBC checking account and get the fee waived for 1 year
  • Offer 3 : Get GIC at a preferred rate (1 year 4.60% on all tiers)
 
 
* Terms and Conditions may apply | APR (Annual Percentage Rate) applied | Limited to one promotional Installment Savings Deposit per customer | The interest is paid at the end of the term | Only applicable for installment savings | Regular Installment Savings Deposit limit : CAD$10 – 10K | Promotional Deposit limit for 12 months (6.0%) : CAD$10 – 500 (Base rate will apply to contributions over CAD$500) | This promotion is for the new customer and the existing inactive customer who are eligible for the Promotional offers | This event is subject to change without prior notice (except for the customers who have already registered in this event).
 
Please visit your nearest Shinhan branch for more details.

Send the Appreciation to Your Loved Ones in Korea

KRW Exchange & Wire Transfer Event

Period : September 9 – 20, 2024

KRW Foreign Exchange (Prime Rate)

  • Applicable to both Client-buy and Client-sell KRW

 

Outgoing Wire Transfer (Prime Rate)

  • Wire fees waived (*Cable Charge of KRW 10,000 applies)

  • Only applies to outgoing wires transfers to Korea after exchanging to KRW

 

 

*Terms and conditions may apply. This event is subject to change without prior notice (except for the customers who have already registered for this event). Only applicable to personal (sole prop and partnership included) accounts.
Please contact your nearest Shinhan branch for more details.

Spring into Savings!

Installment Savings Promotion

Period : April 15 – July 12, 2024 (may end earlier upon reaching the limit)

< Promotional Rates >

  • 6 months : 3.45%
  • 12 months : 4.90% (6.00%)
  • 18 months : 4.70%
  • 24 months : 4.55%
  • 30 months : 4.40%
  • 36 months : 4.15%
  • 48 months : 4.15%
  • 60 months : 4.25%

 

< Details >

For New Customers and Existing Inactive Customers

  • Offer 1 : Promotional rate on all terms & 6.00% for 1 year Installment Savings
  • Offer 2 : Foreign exchange preferred rate (50%) for 3 months
  • Offer 3 : Open SHBC checking account (Package 5) and get the fee waived for 1 year
  • Offer 4 : Get GIC at a preferred rate (1 year 4.85% on all tiers)
  •  

For Existing Customers who refers New Customers

  • Offer 1 : Promotional rate on all terms & 6.00% for 1 year Installment Savings
  • Offer 2 : Foreign exchange preferred rate (50%) for 3 months
  • Offer 3 : Get GIC at a preferred rate (1 year 4.85% on all tiers)
 
 
Terms and Conditions may apply | APR (Annual Percentage Rate) applied | Limited to one promotional Installment Savings Deposit per customer | Only applicable for Installment Savings and Installment e-Savings | The interest is paid at the end of the term | Promotional Deposit limit for 12 months (6.0%): CAD$10 – 500 (Contributions exceeding CAD$500 are subject to an interest rate of 4.90%) | This event is subject to change without prior notice (except for the customers who have already registered this event)
Please visit your nearest Shinhan branch for more details.

Trip to Korea WON't be a Hassle!

KRW Exchange & Wire Event

Period : June 24 – July 31, 2024

KRW Foreign Exchange (Prime Rate)

  • Applicable to only Bank-sell/Client-buy KRW

 

Outgoing Wire Transfer (Prime Rate)

  • Wire fees waived (*Cable Charge of KRW 10,000 applies)

  • Only applies to outgoing wires transfers to Korea after exchanging to KRW

 

 

*Terms and conditions may apply. This event only applies to In-branch transactions. This event is subject to change without prior notice (except for the customers who have already registered for this event). Only applicable to personal (sole prop and partnership included) accounts.
Please contact your nearest Shinhan branch for more details.

Family Month

KRW Exchange & Wire Transfer Event

Period : May 3 – 10, 2024

KRW Foreign Exchange (Prime Rate)

  • Applicable to both buying and selling KRW

 

Outgoing Wire Transfer (Prime Rate)

  • Wire fee waived (*Cable Charge of KRW 10,000 applies)

  • Only applies to outgoing wire transfers to Korea after exchanging to KRW below CAD 10,000

 

*Terms and conditions may apply. This event is subject to change without prior notice (except for the customers who have already registered for this event). Only applicable to personal (sole prop and partnership included) accounts. Outgoing Wire Transfer limit : 3 times per person during the event period.
Please contact your nearest Shinhan branch for more details.

TFSA/RRSP/RRIF Promotion

Winner Announcement!

Period : January 2 – March 31, 2024 

Thank you everyone for the participation!

Next winners can be you! So be excited for upcoming events!

The Grand Winner for the 10g Gold Bar will be contacted via phone or email. 

Congratulations to our prize winner!

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Pension Plan Giveaway Event

Winner Announcement!

Period : December 11, 2023 – January 26, 2024

Thank you everyone for the participation!

Next winners can be you! So be excited for upcoming events!

Winners will be contacted via phone or email. 

Congratulations to our prize winners!

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New Year, New Start!

KRW Exchange & Wire Transfer Event

Period : February 5 – 16, 2024 

KRW Foreign Exchange (Prime Rate)

  • Only Applicable to Client-buys KRW (Bank-sell)

 

Outgoing Wire Transfer (Prime Rate)

  • Wire fees waived (*Cable Charge of KRW 10,000 applies)

  • Only applies to outgoing wires below CAD 10,000 and transfers to Korea after exchanging to KRW

 

*Terms and conditions may apply. This event only applies to exchange and outgoing wires below CAD 10,000 during the event. This event is subject to change without prior notice (except for the customers who have already registered for this event). Only applicable to personal (sole prop, included) accounts. Outgoing wire transfer to Korea after exchanging to KRW. Outgoing Wire Transfer limit : 3 times per person during the event period.
Please contact your nearest Shinhan branch for more details.

1 Year GIC/Term Deposit Rate Event!

Winner Announcement!

Period : August 4 – September 29, 2023

Thank you everyone for the participation! Next winners can be you! So be excited for up coming events! Winners will be contacted through phone or email.

 
Congratulations to our prize winners!
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Celebrating Korean Thanksgiving Day!

KRW Wire Transfer & Foreign Exchange Event

Period : September 25 – October 6, 2023 (may end earlier upon reaching the limit)

Wire Transfer Event :

  • Prime Rate applied
  • Wire fees waived (*Cable Charge of KRW 10,000 applies)
  • Applies to outgoing wire below CAD10,000 for personal (sole prop, included) accounts only
  • Applies for outgoing wire transfer to Korea after exchanging to KRW only
  • Limited to 3 times during the event period
  • This event also applies to Online Banking (www.online.shinhan.ca)

 

KRW Foreign Exchange Event :

  • Prime Rate applied
  • Applicable for both buying and selling KRW
  • Applicable for personal (sole prop, included) accounts only

 

*Terms and conditions may apply. This event only applies to exchange and outgoing wires below CAD 10,000. This event is subject to change without prior notice. Please visit your nearest Shinhan branch for more details

3/6/9 GIC & Term Deposit Rate + Giveaway Event

Winner Announcement!

Period : May 9 – June 30, 2023 

Thank you everyone who participated in the 3/6/9 GIC & Term Deposit Giveaway Event. Please continue to show a lot of support for our upcoming events. Winners will be contacted through phone or email. 

 

Congratulations to our grand-prize winners!

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Official Facebook & Instagram Follow Event

Winner Announcement!

Period : June 1 – 30, 2023

Congratualtions! the TWO GRAND WINNERS!

 

We also want to send a big thank you to everyone who participated in our event and helped make it a success!

 

We will be in contact with the winners via DM, so please check your DM for further details. We will be posting more interesting and useful contents so Follow & Like & Share to stay updated!

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Instagram Account
Facebook Page

TFSA/RRSP Google Review Event

Winner Announcement!

Period: January 4 – March 31, 2023

Thank you everyone who participated in the TFSA/RRSP Google Review event. We appreciate all the heart-warming and thoughtful Google reviews. Please continue to show a lot of support for our upcoming events. Winner will be contacted through phone or email. 

 

Congratulations to our grand-prize winner!

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Happy Family Month

KRW Wire Transfer & Foreign Exchange Event

Period : May 1 – 12, 2023 (may end earlier upon reaching the limit)

Wire Transfer Event :

  • Prime Rate applied
  • Wire fees waived (*Cable Charge of KRW 10,000 applies)
  • Applies to outgoing wire below CAD10,000 for personal (sole prop, included) accounts only
  • Applies for outgoing wire transfer to Korea after exchanging to KRW only
  • Limited to 3 times during the event period
  • This event also applies to Online Banking (www.online.shinhan.ca)

 

KRW Foreign Exchange Event :

  • Prime Rate applied
  • Applicable for both buying and selling KRW
  • Applicable for personal (sole prop, included) accounts only

 

*Terms and conditions may apply.
Please visit your nearest Shinhan branch for more details.

Up to 5.0% Interest Rate + Chance to Win an iPad!

TFSA/RRSP Special Rate Event

Period: January 4 – March 31, 2023

Special Rates Promotion

  • Terms : 1 year & 1.5 year
  • Special Rates
    • Term Deposit (TFSA/RRSP/RRIF) : 4.75%
    • e-GIC/GIC (RRSP/TFSA) : 5.0%
 

 

Bonus ‘Google Review’ Promotion

  • Eligibility : Customer who invests in the promotional products above that leaves a Google Review for one of Shinhan Bank Canada branches
  • Raffle Prize : iPad (1)
 

 

*APR (Annual Percentage Rate) applied | Terms and Conditions may apply.
Please visit your nearest Shinhan branch for more details. 

Heart-warming Korean New Year's Day

KRW Exchange & Wire Transfer Event

Period: January 16 – 27, 2023

For Korean New Year’s Day, Shinhan Bank Canada prepared the KRW Exchange & Wire Transfer Event. Send love to your families and friends in Korea.

 

Outgoing Wire Transfer

  • Preferred rate applied (Prime Rate)
  • Wire fees waived (*Cable Charge of KRW 10,000 applies)
  • Limit : 3 times during the Event Period
  • Only applicable for personal (sole prop, included) accounts and for transfers to Korea after exchanging to KRW
  • Only applies to outgoing wires below CAD 10,000

 

KRW Foreign Exchange

  • Preferred rate applied (Prime Rate)
  • Only applicable to Bank-sell (Client-buy)
 
 
*Terms and Conditions may apply.
Please visit your nearest Shinhan branch for more details. 

Christmas with Seniors Event

Winner Announcement !

Period : December 5 – 16, 2022

It is the season of giving and we would like to give back to our senior customers who have supported Shinhan Bank Canada throughout this year. Winners will be contacted through phone or email. Congratulations to the winners!

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Refer a friend and enjoy all the benefits!

Hello, and Welcome Event

Period : October 3 – December 30, 2022 

New customers, and existing customers who have referred a new customer are eligible for all of the Offers shown below.

 

Offer A) Special Installment Savings Rates *1) :

  • 1 year : 5.20%
  • 2 year : 5.30%
  • 3 year : 5.40%

 

Offer B) Special Short-term GIC Rates *2) :

  • 3 months : 2.25%
  • 6 months : 3.50%
  • 9 months : 3.80%
 

Offer C) Chequing Account Fee Waived for 6 months *†

  • Applicable to “Personal Package 5” ($20 monthly fee waived)
  • Unlimited FREE debit transactions
  • 2 FREE bank drafts per year
 
 
1) Installment Savings Terms and Conditions : (i)limited to one promotional Installment Savings Deposit per customer. (ii)Only applicable for 1,2,3 year Installment Savings (iii) Deposit limit: $10 – $1,000 CAD per month (IV)Monthly deposit from a bank other than Shinhan Bank Canada will receive the following Installment Savings rates: 1 year: 5.10%, 2 year: 5.20%, 3 year: 5.30%
2) GIC Terms and Conditions : (i)limited to one promotional GIC per customer. (ii)Only applicable for short-term (3,6,9 months) GICs (iii)GIC limit : minimum of $1,000 CAD (IV) TFSA/RRSP/Non-registered GICs are eligible (V) GIC is Non-redeemable 
† Any other service charges that are not included in the package may be charged.
* Terms and conditions may apply | APR (Annual Percentage Rate) applied | The interest is paid at the end of the term | Both the new customer, and the existing customer who has referred a new customer are eligible for this offer | This event is subject to change without prior notice (except for the customers who have already registered in this event)

Please visit your nearest Shinhan branch for more details.

Korean Thanksgiving Festival Raffle

Winner Announcement!

Period : August 26 – August 28, 2022

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When is your Next Travel?

Earn Big, Travel Far!

Period : August 15 – September 16, 2022

Shinhan Bank Canada’s Promotional GIC Rates :

 

1 Month GIC : 1.50%1)

3 Months GIC : 2.05%1)

6 Months GIC : 2.75%1)

1 Year GIC : 4.50%2)

 




1) Terms and conditions for 1,3,6 months GIC : (i) Applies for amounts of CAD50,000 or more. (ii) Apply to both new and existing funds.
2) Terms and conditions for 1 year GIC : (i) Applies for amounts up to CAD 50,000 (min. CAD 1,000) (ii) Limitation of 1 promotional GIC per person. (iii) Applies for New Funds only. Existing funds or GICs/Term Deposits redeemed early will not be considered for this promotion.
 
*APR(Annual Percentage Rate) applied | Terms and conditions may apply.
  Please visit your nearest Shinhan branch for more details.
 
 

Have a Full and Enriched Korean Thanksgiving!

KRW Exchange and Wire Event

Period : September 1 – September 14, 2022

<Outgoing wire transfer to Korea>

  • Prime Rate applied
  • Wire fees waived (*Cable charge of KRW 10,000 applies)
  • Only applicable for personal (sole prop included) accounts
  • Only applicable after exchanging to KRW
  • Limit : 3 times during the Event Period

 

<KRW Foreign Exchange>

  • Prime rate applied
  • Applicable to both Bank-sell & Bank-buy
 

 

* Terms and conditions may apply.
Please visit your nearest Shinhan branch for more details.
 
 

Important Notice

Account Balance Update

The new email Alert program is here.

We are making it easier for you to manage your accounts by sending you an email alert when your available balance or account balance gets low, starting June 20, 2022. 

 

Specifically, we will notify you when : 

  • the available credit balance of your line of credit or overdraft has fallen below $100.00; or
  • the account balance of your demand deposit account such as chequing or savings has fallen below $100.00.

 

The email Alert is now live. We hope you enjoy this feature for a peace of mind in today’s busy world. Please visit your nearest Shinhan branch for more details.

 

Thank you for banking with us. 

Important Notice

Changes to our Personal Banking Agreement

Dear valued clients,

 

We wish to advise that effective June 30, 2022 we will be making changes to part of our Personal Banking Agreement. For more details, please click on the link ‘Change Details’ below or reach out to one of our Shinhan Bank representatives.

 

We appreciate your continued support and confidence that you have placed in us.

Change Details

Exciting Bonus Rates for Short-term GIC and Term Deposit

‘Wait and See’ Short-term Investment Promotion

Period : May 18, 2022 – June 19, 2022

Eligibility :

  • All new and renewing Short-term GICs and Green Term Deposits

Promotion rate :

- GIC (Non-Redeemable) Term Deposit (Redeemable)
- Shinhan Short-term GIC Shinhan Green Term Deposit
- 30 days 90 days 180 days 30 days 90 days 180 days
CAD 50,000.00
and above 		Special rate : 0.80%
Posted rate : 0.70% 		Special rate : 1.40%
Posted rate : 0.90% 		Special rate : 1.65%
Posted rate : 1.05% 		Special rate : 0.70%
Posted rate : 0.40% 		Special rate : 1.25%
Posted rate : 0.60% 		Special rate : 1.40%
Posted rate : 0.75%
- TFSA GIC TFSA Term Deposit
3 months 6 months 3 months 6 months
All amounts Special rate : 1.40%
Posted rate : 1.00% 		Special rate : 1.65%
Posted rate : 1.15% 		Special rate : 1.25%
Posted rate : 0.70% 		Special rate : 1.40%
Posted rate : 0.85%
RRSP GIC RRSP Term Deposit
~ 6 months 6 months ~ 6 months 6 months
All amounts Special rate : 1.40%
Posted rate : 1.00% 		Special rate : 1.65%
Posted rate : 1.15% 		Special rate : 1.25%
Posted rate : 0.70% 		Special rate : 1.40%
Posted rate : 0.85%
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*APR(Annual Percentage Rate) applied | Terms and conditions may apply.

Please visit your nearest Shinhan branch for more details.

Contact Us

Eventful Family Month with Shinhan Bank Canada

KRW Wire Transfer & Foreign Exchange Event*

Period : May 2 – May 13, 2022

Wire Transfer Event :

  • Wire fees waived (*Cable Charge of KRW 10,000 applies)
  • Preferred rate applied (Prime rate)
  • Applies to outgoing wire below CAD10,000 for personal (sole prop, included) accounts only
  • Applies for outgoing wire transfer to Korea after exchanging to KRW only
  • Limited to 3 times during the event period
  • This event also applies to Online Banking (www.online.shinhan.ca)

 

KRW Foreign Exchange Event :

  • Preferred rate applied (Prime rate)
  • Applicable for both Bank-buy and Bank-sell
  • Applicable for personal (sole prop, included) accounts only

 

*Terms and conditions may apply. Please visit your nearest Shinhan branch for more details.
Contact Us

Shinhan Canada 13th Anniversary Event

GIC Special Promotion

Period : March 9 – April 11, 2022 (*may end earlier upon reaching the limit)

This Promotion has ended early on March 31, 2022.

Special Rates (Up to 1.25%*):
  • Non-registered GIC (e-GIC) of CAD100,000 or more
  • Term : 1 or 1.5 year

 

How to Register:
  • Offline: Open an account at your nearest branch
  • Online: Open an account via Online Banking (online.shinhan.ca)

 

Additional Rewards:
  • Ontario : 2 Screen Golf Vouchers or Galleria $50 Gift Card
  • British Columbia : H Mart $50 gift card
  •  
*APR(Annual Percentage Rate) applied | Terms and conditions may apply.
  Please visit your nearest Shinhan branch for more details.
Contact Us

New Years Special Rate Promotion

TFSA/RRSP Event​

Period: January 1 – March 31, 2022

Contact Us

Important Notice

Notice of Changes to Fees and Service Charges

Dear valued clients,

 

We wish to advise that effective February 7, 2022 we will be making changes to some of our fees and service charges. For more details, please see the attached chart below or reach out to one of our Shinhan Bank representatives.

 

We appreciate your continued support and confidence that you have placed in us.

Fee Change Details

[Notice] Important changes will be made to the Personal/Business Banking Agreement. Effective date : January 24, 2025.