Innovation Federal Credit UnionChequing
Innovation Federal Credit Union · Chequing
No monthly fee with unlimited transactions.
Monthly feeNone
Transactions includedUnlimited
Interest rateNone published
Deposit insuranceInsured
Fees and rates verified 2026-08-19We earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- None
What is included
- Transactions each month
- Unlimited transactions
- Interac e-Transfers
- Included with no separate fee
- Fee per e-Transfer beyond that
- $0.00
- ATM network
- ding free ATMs across Canada plus Cirrus-marked ATMs worldwide at no charge
Who can open it
- Membership share
- $5 refundable, credit unions only
- Where you can open it
- Available to Canadian residents 18+ except Quebec
Current offer
- What it requires
- New account holders may enter a $2,500 giveaway draw (April, September 2026), a draw entry, not a guaranteed bonus
Deposit protection
- Insured by
- Canada Deposit Insurance Corporation (CDIC), Innovation is a federal credit union; a Statement of Transitional Coverage applies to former ABCU members
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.innovationcu.ca
Notes
Unlimited debit purchases and e-Transfers. Free Debit Mastercard. Chequing interest rate not published. $5 membership share is a one-time charge for new members only.
Accounts worth comparing this against
Compare this against every account we track
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.