Online Products

Shinhan e-Savings Deposit

This product provides high interest rate even for a day saving with convenient deposit and withdrawal system.

Eligible Customer : Personal Customer registered in SHBC Internet Banking System

Transaction Method : Open and close account or transfer through internet banking

Currency & Minimum Investment : CAD / No minimum deposit required

Debit Card Issue : Will be issued when you visit your local branch

  • For the current card holders, customer need to visit their local branch to connect the account for the debit card use

Interest Payment: Simple interest paid on a monthly basis. Interest is calculated daily on the closing balance.

Termination : The user may terminate the account through internet banking after 30 days of the opening.

  • However, if the customer holds exclusive e-installment Savings Deposit/e-Term Deposits, they need to terminate the corresponding saving to close the account.

CDIC Protection : Subjected (The maximum protection is C$100,000 including principal and interest)

There is no standardized management commission fee. However, commission fee will be charged for the other service use (please see below chart)

Fees & Rate

Monthly Fees None
Account Inquiries Free
Access to Internet, Mobile Banking Free
Withdrawal Fee
(per Transaction)
Free Debit Transaction Electronic self-serve transfers to any SHBC deposit accounts
Cash withdrawal by Teller $0.75
Pre-Authorized Payment Free
Bill Payment Free
SHBC ATM Withdrawal Free
Debit Payment (Interac) Free
Exchange ATM Withdrawal Free
Non SHBC ATM Withdrawal $1.50
Cirrus Network Outside Canada $5.00
Recordkeeping Paperless/ e-Statement Free
Monthly paper statement N/A
Interest Rate 0.55%

Shinhan e-Power Term Deposit

e-Power Term Deposit is good for long term saving which allows to obtain high yearly compound interest.

Eligible Customer : Personal Customer registered in SHBC Internet Banking System

Transaction Method : Open account through internet banking

Terms : 1 year ~ 5 years (on a monthly basis)

Currency & Minimum Investment : CAD / 500

Interest Payment: Compound interest calculated annually and paid at maturity

Redeemable Option : Non-redeemable prior to maturity

Cashable Option : Non-cashable

Maturity Date & Option

  • For deposit term contracted on a monthly basis, the term ends at same date that the account was open in maturity month. If there is no same date in maturity month, the term ends at last day of the month.
  • At the maturity date, it will automatically terminate and transfer to the e-Savings Deposit

CDIC Protection : Subjected

(The maximum protection is C$100,000 including principal and interest)

No charges in respect of the deposit

Shinhan e-Green Term Deposit

This product guarantees the high fixed interest rate even for short term deposit.

Eligible Customer : Personal Customer registered in SHBC Internet Banking System

Transaction Method : Open account through internet banking

Terms : 1 month ~ 1 year (on a monthly basis)

Currency & Minimum Investment : CAD / 500

Interest Payment: Simple interest paid at maturity

Redeemable Option : Non-redeemable prior to maturity

Cashable Option : Up to 2 partial withdrawals

  • Cashable in part from 30 days after opening date.
  • The deposit is subject to closure once the balance becomes lower than minimum
    investment amount due to the partial withdrawal
  • If the maturity is due in less than 30 days, the cashable option cannot be exercised

Maturity Date & Option :

  • For deposit term contracted on a monthly basis, the term ends at same date that the account was open in maturity month. If there is no same date in maturity month, the term ends at last day of the month.
  • At the maturity date, it will automatically terminate and transfer to the e-Savings Deposit

CDIC Protection : Subjected (The maximum protection is C$100,000 including principal and interest)

No charges in respect of the deposit

Shinhan e-Installment Savings Deposit

This plan helps the customer to save through monthly fixed deposit without visiting the branch.

Eligible Customer : Personal Customer registered in SHBC Internet Banking System

Transaction Method : Open account or transfer through internet banking

Terms : 6 months ~ 5 years (on a semi-annual basis)

Currency & Minimum Investment : CAD 10 ~ CAD 10,000

Deposit Method : Monthly deposit on the investment date

  • Upon customer’s request, it allows auto-transfer between SHBC accounts or other financial bank accounts

Interest Payment: Simple interest paid at maturity

Redeemable Option: The account holder may terminate the account after 30 days of the opening

Maturity Date & Option

  • The maturity will be on same date of the following month the last monthly investment is paid
  • At the maturity date, it will automatically terminate and transfer to the e-Savings Deposit

CDIC Protection : Subjected (The maximum protection is C$100,000 including principal and interest)

No charges in respect of the deposit