Alterna SavingsChequing
Alterna Savings · Chequing
$4.00 a month with 20 transactions included, waived if you keep $1,000 in the account.
Monthly fee$4.00Waived at $1,000
Transactions included20
Interest rate0%
Deposit insuranceInsured
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- $4.00
- Fee waived with a balance of
- $1,000
- How the waiver works
- No monthly fee with a minimum daily closing balance of $1,000 throughout the entire month. Free for seniors and for RDSP beneficiaries.
- Each transaction over the limit
- $1.20
What is included
- Transactions each month
- 20 transactions a month
- Interac e-Transfers
- Not included
- Fee per e-Transfer beyond that
- $1.20
- ATM network
- Alterna ATMs; THE EXCHANGE ($1.20)
- ATM outside the network
- $2.00
Interest
- Posted rate
- 0%
- What the rate depends on
- All chequing balances 0.00%
Who can open it
- Membership share
- $15 refundable, credit unions only
- Where you can open it
- Any Ontario resident can become a member
Deposit protection
- Insured by
- Financial Services Regulatory Authority of Ontario (FSRA), 'eligible deposits are insured up to the maximum amount covered by FSRA'
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.alterna.ca
- Fees and terms
- Published fee schedule
Notes
Fee schedule effective April 1, 2026. Receiving e-Transfers free. US ATM $3.00, international ATM $5.00.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.