MoneyDesk

The Minimalist

A $3.95 National Bank chequing package with 18 included electronic transactions and pay-per-use branch service.

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At a glance

Monthly fee
$3.95
Monthly transactions
18
Monthly Interac e-Transfers
18
Interest
None

Overview

The Minimalist includes 18 electronic transactions each month. Debit purchases, electronic withdrawals and transfers, bill payments, cheques, and pre-authorized debits share that allowance; branch transactions are charged separately.

Cheque writing and mobile, ABM, and branch cheque deposits are supported. Restricted no-fee arrangements for specified groups do not change the normal $3.95 fee used for this comparison.

Features and access

Monthly fees and transactions

Monthly fee
$3.95The normal monthly fee is $3.95. Restricted no-fee pricing for specified groups is not a general-public waiver.
Monthly transactions
18Eighteen electronic transactions are included monthly. Eligible withdrawals, transfers, bill payments, debit purchases, cheques, and pre-authorized debits share the allowance; branch transactions are excluded.

Transfers

Monthly Interac e-Transfers
18Sending has no separate fee while within the shared 18-transaction electronic allowance; excess-transaction pricing applies beyond it.

Card and payments

Payment card
YesA National Bank debit card supports purchases and ATM access. Included purchases consume the shared allowance; network and foreign-currency charges can apply.

Cash and branch access

Cash deposits
National Bank ABMs + branchesDeposit-capable National Bank ABMs accept up to 50 combined bank notes and cheques per transaction and make cash immediately available. US-dollar cash requires a branch; dollar limits remain unknown.
Cash withdrawals
National Bank + supported ATMsCash withdrawals are available through National Bank, THE EXCHANGE, Interac, Cirrus, Accel, and Allpoint. Withdrawals consume the allowance; excess, network, conversion, and operator charges can apply.
Branch access
YesBranch service is available but no branch transactions are included. Withdrawals and transfers generally cost $2.50 each, and assisted bill payments cost $2 per bill.

Cheques and ownership

Cheque writing
YesWritten cheques consume the shared electronic allowance; cheque orders cost extra.
Cheque deposits
YesMobile, deposit-capable ABM, and branch cheque deposits are available.
Joint account
YesJoint ownership is supported, and each co-owner can receive a debit card.

Interest

Interest rate
NoneThe underlying CAD chequing account pays no interest.

Deposit protection

Eligible deposits are held directly at National Bank of Canada, a CDIC member, subject to CDIC limits and categories.