MoneyDesk

Chequing Accounts

For each institution, we compare one personal account available to the general public: the option with the lowest monthly fee before waivers or rebates that includes at least one transaction per month. Other accounts and plans may be available.

19 accounts

Canadian chequing account comparison
Institution and account Monthly fee Monthly transactions Monthly Interac e-Transfers Interest rate Cash deposits Cash withdrawals Branches Cheque writing
Alterna BankAlterna No-Fee eChequing Account $0 Unlimited Unlimited 0.05% Deposit-capable Alterna ATMs THE EXCHANGE + Allpoint No Yes
ATB FinancialATB No-Fee All-In Digital Account $0 Unlimited Unlimited None Deposit-capable ATB ABMs + branches ATB + supported ABMs Yes Unknown
BMOBMO Practical Plan $4 12 12 None Branches + deposit ATMs BMO + supported ATMs Yes Yes
CIBCCIBC Everyday Chequing Account $4 18 18 See details Deposit-capable CIBC ATMs CIBC + supported ATMs Yes Yes
Coast Capital SavingsFree Chequing, Free Debit and More Account $0 Unlimited 0 None Coast Capital branches in British Columbia Unknown Yes Yes
DesjardinsDesjardins Everyday Account with Basic plan $3.95 12 12 None Desjardins ATMs + tellers Desjardins + partner ATMs Yes Yes
EQ BankEQ Bank Personal Account $0 Unlimited Unlimited 1%–2.75% No ATMs worldwide No No
Innovation Federal Credit UnionInnovation No-Fee Chequing Account $0 Unlimited Unlimited None Select Innovation ATMs in Saskatchewan Ding Free + other ATMs Yes Yes
Meridian Credit UnionEssential Chequing Package $3 15 4 See details Select ATMs Meridian + THE EXCHANGE Yes Yes
National BankThe Minimalist $3.95 18 18 None National Bank ABMs + branches National Bank + supported ATMs Yes Yes
Neo FinancialNeo Chequing $0 Unlimited Unknown 0.1% No Mastercard-supported ATMs No No
PC FinancialPC Money Account $0 Unlimited Unlimited 2.2% PC Financial ATMs PC Financial ATMs No No
RBCRBC Day to Day Banking Account $4 12 Unlimited See details RBC branch ATMs RBC + supported ATMs Yes Yes
ScotiabankScotiabank Basic Bank Account $3.95 18 18 See details Deposit-capable branch ABMs Scotiabank + supported ABMs Yes Yes
Simplii FinancialSimplii No Fee Chequing Account $0 Unlimited Unlimited See details Most CIBC ATMs CIBC ATMs No Yes
TangerineTangerine No-Fee Daily Chequing Account $0 Unlimited Unlimited 0.01%–0.1% Scotiabank branch ABMs Scotiabank + alliance ABMs No Yes
TDTD Minimum Chequing Account $3.95 12 12 See details TD branch ATMs + tellers TD ATMs + branches Yes Yes
VancityVancity Pay as you go $0 Unlimited 0 None Vancity branches + deposit-capable network ATMs Vancity + THE EXCHANGE + ACCULINK Yes Yes
WealthsimpleWealthsimple Chequing $0 Unlimited Unlimited 1.25%–2.25% Canada Post ATMs worldwide No Yes