Chequing accounts in Canada

We track 93 Canadian chequing accounts. 27 of them carry no monthly fee and the dearest is $30.95 a month. Every figure here comes from the institution’s own published pages, and where something is not published we leave it blank rather than record a zero. Last checked 19 August 2026.

The highest starting rate posted here is 3.5%, on the KOHO Everything. That account pays by balance band rather than one rate, and the bands are on its page. Posted rates only: a promotional rate that ends in ninety days is not what an institution pays, so it is recorded on the account and not counted here.

Every Account, With What It Costs

• Alterna Bank No Fee eChequing Account

  No monthly fee · 0.05% interest · Unlimited transactionsCDIC insured

• Alterna Savings Pay As You Go Chequing

  No monthly fee · 0% interest · No transactions includedOntario, limit not published

• Assiniboine Credit Union ACU Light

  No monthly fee · No transactions includedManitoba, no stated limit

• ATB Financial No-Fee All-In Digital Account

  No monthly fee · Unlimited transactionsAlberta, no stated limit

  No minimum balance required

• ATB Financial Pay As You Go Account

  No monthly fee · No transactions includedAlberta, no stated limit

• CIBC Smart Start

  No monthly fee · Unlimited transactionsCDIC insured

  $0 until age 25

• Coast Capital Savings Free Chequing, Free Debit and More Account

  No monthly fee · 0% interest · Unlimited transactionsCDIC insured

  No minimum balance required

• Conexus Credit Union No-Fee Chequing

  No monthly fee · Unlimited transactionsSaskatchewan, limit not published

  No minimum balance required

• DUCA Aim For More Chequing

  No monthly fee · Unlimited transactionsOntario, $250,000

• DUCA Feel Free Chequing

  No monthly fee · Unlimited transactionsOntario, $250,000

• Envision Financial Tru Essentials Chequing Account

  No monthly fee · 12 transactions a monthCDIC insured

• EQ Bank Personal Account

  No monthly fee · 1% interest · Unlimited transactionsCDIC insured

  1.00% base rate; 2.75% total (1.00% base + 1.75% bonus) when you direct deposit your pay

• Innovation Federal Credit Union No-Fee Chequing Account

  No monthly fee · Unlimited transactionsCDIC insured

• Island Savings Tru Essentials Chequing Account

  No monthly fee · 12 transactions a monthCDIC insured

• Kindred Credit Union Flex Chequing

  No monthly fee · 25 transactions a monthOntario, limit not published

  'Minimum monthly balance required for all fees to be waived', $3,000; does not apply to immediate fees

• Kindred Credit Union Generations Chequing

  No monthly fee · 25 transactions a monthOntario, limit not published

• KOHO Essential

  No monthly fee · 2% interestCDIC, through a member institution

  Plan page states $0/mo with a deposit requirement of at least $1,000/month or a direct paycheque

• Neo Chequing Account

  No monthly fee · 0.1% interestCDIC insured

  Interest calculated daily on the total closing balance and paid monthly; account limit $200,000. Rate effective May 26, 2026.

• Peoples Group EasyTransaction Account

  No monthly feeCDIC insured

  Pay as you go option is $0.00/month; a bundled option costs $3.95/month and includes 6 free Interac e-Transfers per calendar month

• Scotiabank Preferred Package for Students and Youth

  No monthly fee · Unlimited transactionsCDIC insured

  $0/month for clients under 25 or enrolled full time in a post-secondary institution in Canada or the U.S.

• Scotiabank Student Banking Advantage Plan

  No monthly fee · Unlimited transactionsCDIC insured

  $0/month while enrolled full time in a post-secondary institution in Canada or the U.S.; proof of enrolment required

• Simplii Financial No Fee Chequing Account

  No monthly fee · Unlimited transactionsCDIC insured

  Tiered by balance ($0 to 50,000 / 50,000.01 to 100,000 / 100,000.01 to 500,000 / 500,000.01 to 1,000,000 / 1,000,000.01+); percentages are JavaScript rendered and did not resolve

• Steinbach Credit Union Standard Pack Chequing

  No monthly fee · 0.05% interestManitoba, no stated limit

  0.05% across chequing accounts; rates page effective December 18, 2025

• Tangerine No-Fee Daily Chequing Account

  No monthly fee · Unlimited transactionsCDIC insured

  Tiered by balance ($0 to 49,999.99 / $50,000 to 99,999.99 / $100,000 to 499,999.99 / $500,000+); actual percentages are JavaScript rendered and did not resolve

• TD Student Chequing Account

  No monthly fee · Unlimited transactionsCDIC insured

  No monthly fee until age 23; after 23, continues fee free with proof of enrolment in full time post-secondary education

• Vancity Pay As You Go Chequing

  No monthly fee · 0% interest · No transactions includedBritish Columbia, no stated limit

• Wealthsimple Chequing (Cash)

  No monthly fee · 1.25% interest · Unlimited transactionsCDIC, through a member institution

  1.25% for Core clients; 1.75% for Premium; 2.25% for Generation (at least $500,000 in assets with Wealthsimple). Core and Premium clients get a +0.5% boost with at least $2,000 of direct deposits in a

• Prospera Credit Union Personal Essentials (Basic)

  $3.50 a month · 0% interest · 10 transactions a monthCDIC insured

  Chequing accounts earn 0.00%

• ATB Financial Basic Account

  $3.95 a month · 15 transactions a monthAlberta, no stated limit

• connectFirst Credit Union Necessities

  $3.95 a month · 10 transactions a monthAlberta, no stated limit

• Desjardins Everyday Account, Basic Plan

  $3.95 a month · 12 transactions a monthQuebec, $100,000

  Fee waived with minimum balance maintained for the month

• National Bank The Minimalist Chequing Account

  $3.95 a month · 18 transactions a monthCDIC insured

  No minimum balance waiver. $0 for ages 0 24, students, Indigenous peoples, Guaranteed Income Supplement recipients and RDSP beneficiaries (a $3.95/month discount).

• Scotiabank Basic Bank Account

  $3.95 a month · 18 transactions a monthCDIC insured

  No minimum balance waiver. $0/month for clients 60+ (senior's pricing).

• Servus Credit Union Basic Plan

  $3.95 a month · 0% interest · 18 transactions a monthAlberta, no stated limit

• Servus Credit Union Personal Essential Plan

  $3.95 a month · 0% interest · 15 transactions a monthAlberta, no stated limit

  Fee waived with $4,000 minimum monthly balance

• TD Minimum Chequing Account

  $3.95 a month · 12 transactions a monthCDIC insured

  No minimum balance waiver. $0 for Guaranteed Income Supplement recipients, RDSP beneficiaries, Indigenous Peoples from Canada, and newcomers to Canada (first year only).

• Alterna Savings Basic Chequing

  $4.00 a month · 0% interest · 20 transactions a monthOntario, limit not published

  No monthly fee with a minimum daily closing balance of $1,000 throughout the entire month. Free for seniors and for RDSP beneficiaries.

• Assiniboine Credit Union ACU Essentials

  $4.00 a month · 16 transactions a monthManitoba, no stated limit

• BMO Practical Chequing Account (Practical Plan)

  $4.00 a month · 12 transactions a monthCDIC insured

  No minimum balance waiver for this plan. $0.00/month for seniors 60 and older.

• CIBC Everyday Chequing Account

  $4.00 a month · 18 transactions a monthCDIC insured

  No minimum balance waiver. Seniors 65+ receive a $4.00 monthly discount, resulting in no fee for up to 18 transactions.

• DUCA Daylight Chequing

  $4.00 a month · Unlimited transactionsOntario, $250,000

  Waived with $1,000 minimum balance; 30 day grace period after opening

• Laurentian Bank Basic Account

  $4.00 a month · 18 transactions a month

  Fee waived for seniors receiving the Guaranteed Income Supplement, RDSP beneficiaries, and newcomers during their first year in Canada

• Libro Credit Union Basic Chequing

  $4.00 a month · 0.13% interest · 12 transactions a monthOntario, $250,000

  Waived with $1,000 minimum monthly balance

• RBC Day to Day Banking

  $4.00 a month · 12 transactions a monthCDIC insured

  No minimum balance waiver published. $0 for clients 65+ (Seniors Rebate), Indigenous Peoples, and RDSP beneficiaries.

• Steinbach Credit Union E-Pack Chequing

  $5.50 a month · 0.05% interest · 15 transactions a monthManitoba, no stated limit

  0.05%; rates page effective December 18, 2025

• connectFirst Credit Union Digital+

  $6.99 a month · Unlimited transactionsAlberta, no stated limit

  Free for members 25 and under

• Laurentian Bank Preferred Account

  $7.50 a month · 20 transactions a month

• Coast Capital Unlimited Chequing Account

  $8.50 a month · 0% interest · Unlimited transactionsCDIC insured

  Waived with $4,000 minimum daily balance all calendar month, or if age 59+ or 25 and under. With eligible direct deposit the fee is $3.50/month.

• Assiniboine Credit Union ACU Active

  $9.00 a month · 40 transactions a monthManitoba, no stated limit

  Waived with $2,500 minimum balance; $0 for members 60+

• DUCA Rise Chequing

  $9.00 a month · 2% interest · Unlimited transactionsOntario, $250,000

  Waived with $2,000 minimum balance; 30 day grace period after opening

• Vancity Essential Chequing

  $9.75 a month · 0% interest · 25 transactions a monthBritish Columbia, no stated limit

  $0 with minimum balance of $1,500

• Steinbach Credit Union Value Pack Chequing

  $9.95 a month · 0.05% interest · 35 transactions a monthManitoba, no stated limit

  0.05%; rates page effective December 18, 2025

• Alterna Savings Value Chequing

  $10.00 a month · 0% interest · 35 transactions a monthOntario, limit not published

  $5.00 for seniors. The $1,000 minimum balance waiver footnote applies to the Basic package only.

• Prospera Credit Union Personal Unlimited

  $10.00 a month · 0% interest · Unlimited transactionsCDIC insured

  Free for members age 25 and under and 59 and over

• Desjardins Everyday Account, Intermediate Plan

  $10.95 a month · 30 transactions a monthQuebec, $100,000

  Fee waived with minimum balance maintained for the month

• Assiniboine Credit Union ACU Digital

  $11.00 a month · Unlimited transactionsManitoba, no stated limit

  Waived with $3,500 minimum balance; free for members 24 and under and full time students 25+; $9.00 for members 60+

• Kindred Credit Union Value Chequing

  $11.45 a month · 25 transactions a monthOntario, limit not published

  $3,000 minimum monthly balance waives all fees

• Scotiabank Basic Plus Bank Account

  $11.95 a month · 25 transactions a monthCDIC insured

  $0/month if you hold $3,000 or more in the account every day for the entire month; $7.95/month for clients 60+

• TD Every Day Chequing Account

  $11.95 a month · 25 transactions a monthCDIC insured

  Monthly fee rebated with a $3,000 minimum monthly balance

• KOHO Extra

  $12.00 a month · 2.5% interestCDIC, through a member institution

  No minimum balance; requires opting in to Earn Interest

• BMO Plus Chequing Account (Plus Plan)

  $12.95 a month · 25 transactions a monthCDIC insured

  $0 with a $3,000 minimum daily balance in the lead Primary Chequing Account; $8.95/month for seniors 60 and older

• RBC Advantage Banking

  $12.95 a month · Unlimited transactionsCDIC insured

  No minimum balance waiver published. $0 for students and anyone 24 and under; $0 for eligible newcomers for the first year; $8.95 for clients 65+ (Seniors Rebate). Can fall to $0 via the RBC

• connectFirst Credit Union Unlimited

  $13.00 a month · Unlimited transactionsAlberta, no stated limit

  Free for members age 60+

• Alterna Savings Unlimited Chequing

  $14.00 a month · 0% interest · Unlimited transactionsOntario, limit not published

  $7.00 for seniors

• Libro Credit Union Simplify Chequing

  $14.00 a month · 0.13% interest · Unlimited transactionsOntario, $250,000

  Waived with $2,500 minimum monthly balance; $2 discount with automatic payroll deposit

• KOHO Everything

  $14.75 a month · 3.5% interestCDIC, through a member institution

  3.5% on entire balance; requires opting in to Earn Interest

• Laurentian Bank Unlimited Account

  $14.75 a month · Unlimited transactions

• Vancity Essential Plus Chequing

  $14.75 a month · 0% interest · Unlimited transactionsBritish Columbia, no stated limit

  $0 with minimum $3,000 held at all times for the full calendar month

• DUCA Evermore Premium Chequing

  $15.00 a month · Unlimited transactionsOntario, $250,000

• ATB Financial Unlimited Account

  $15.95 a month · Unlimited transactionsAlberta, no stated limit

  Waived with $4,000 minimum daily balance throughout the month, or for full time post-secondary students aged 26+ with proof of enrolment

• Desjardins Everyday Account, Unlimited Plan

  $15.95 a month · Unlimited transactionsQuebec, $100,000

  Fee waived with minimum balance maintained for the month

• National Bank The Connected Chequing Account

  $15.95 a month · Unlimited transactionsCDIC insured

  $0/month with a $4,500 or higher balance; $0 for ages 0 24; $10.95/month for clients 60 and over

• CIBC Smart Account

  $16.95 a month · Unlimited transactionsCDIC insured

  Fee rebated with an end of day balance of $4,000 each day of the month in one CIBC Smart Account. $0 for youth and students under 25, students 25 and up, seniors 65+, newcomers,

• RBC Signature No Limit Banking

  $16.95 a month · Unlimited transactionsCDIC insured

  No minimum balance waiver published. Falls to as low as $4/month with the RBC Value Program rebate; $12.95 for clients 65+.

• Scotiabank Preferred Package

  $16.95 a month · Unlimited transactionsCDIC insured

  $0/month if you hold $4,000 or more in the account every day for the entire month; $12.95/month for clients 60+

• Assiniboine Credit Union ACU Unlimited

  $17.00 a month · 0% interest · Unlimited transactionsManitoba, no stated limit

  Waived with $5,000 minimum balance; $8.00 for members 60+

• Steinbach Credit Union Classic Pack Chequing

  $17.00 a month · 0.05% interest · Unlimited transactionsManitoba, no stated limit

  0.05%; rates page effective December 18, 2025

• BMO Blue Rewards Chequing Account (Blue Rewards Plan)

  $17.95 a month · Unlimited transactionsCDIC insured

  No minimum balance waiver; the fee is always charged. $13.95/month for seniors 60 and older. Holding $4,000 or more earns bonus Blue Points rather than a fee waiver.

• BMO Performance Chequing Account (Performance Plan)

  $17.95 a month · Unlimited transactionsCDIC insured

  $0 with a $4,000 minimum daily balance in the lead Primary Chequing Account; $13.95/month for seniors 60+; $0.00 for students (with proof of registration), teens 13 18 and kids 12 and under

• Kindred Credit Union Unlimited Chequing

  $17.95 a month · Unlimited transactionsOntario, limit not published

  $3,000 minimum monthly balance waives all fees

• TD Unlimited Chequing Account

  $17.95 a month · Unlimited transactionsCDIC insured

  Monthly fee rebated with a $4,000 minimum monthly balance

• connectFirst Credit Union Platinum

  $19.99 a month · Unlimited transactionsAlberta, no stated limit

  Free with $7,000+ balance

• Desjardins Everyday Account, Unlimited Plus Plan

  $23.95 a month · Unlimited transactionsQuebec, $100,000

  Fee waived with minimum balance maintained for the month

• ATB Advantage Account

  $24.95 a month · Unlimited transactionsAlberta, no stated limit

  Waived with $6,000 minimum daily balance

• Libro Credit Union Premium Chequing

  $25.00 a month · 0.13% interest · Unlimited transactionsOntario, $250,000

  Waived with $75,000+ portfolio balance (portfolio, not account, balance)

• Servus Credit Union Personal Premium Unlimited

  $25.00 a month · 0% interest · Unlimited transactionsAlberta, no stated limit

  Fee waived with $5,000 minimum monthly balance

• Vancity Total Chequing

  $25.75 a month · 0% interest · Unlimited transactionsBritish Columbia, no stated limit

  $0 with minimum balance of $6,000

• National Bank The Total Chequing Account

  $28.95 a month · Unlimited transactionsCDIC insured

  $0/month with a $6,000 or higher balance; $18.00/month for ages 0 17, $13.00/month for ages 18 24, $23.95/month for clients 60 and over

• RBC VIP Banking

  $30.00 a month · Unlimited transactionsCDIC insured

  No minimum balance waiver published. As low as $17.05/month with the RBC Value Program rebate; $22.50 for clients 65+.

• BMO Premium Chequing Account (Premium Plan)

  $30.95 a month · Unlimited transactionsCDIC insured

  $0 with a $6,000 minimum daily balance in the lead Primary Chequing Account; $26.95/month for seniors 60+; $13.00/month for students, teens 13 18 and kids 12 and under

• Scotiabank Ultimate Package

  $30.95 a month · Unlimited transactionsCDIC insured

  $0/month with $6,000 or more in the account, or a Total Relationship Balance of $100,000 across eligible accounts, every day for the entire month; $24.00/month for clients 60+

• TD All-Inclusive Banking Plan

  $30.95 a month · Unlimited transactionsCDIC insured

  Monthly fee rebated with a $6,000 minimum monthly balance

• Conexus Credit Union MAXIMIZER Chequing

  Monthly fee not published · 0.1% interestSaskatchewan, limit not published

  Tiered, applied per portion of daily closing balance: 0.10% $0 to $1,500; 0.15% $1,500.01 to $15,000; 0.20% $15,000.01 to $30,000; 0.25% over $30,000. No effective date published.

Comparing across institutions? Compare every account on what it would cost you, work out what a chequing account really costs, or browse the full directory.