WealthsimpleChequing
Wealthsimple · Chequing
No monthly fee with unlimited transactions, 1.25% interest.
Monthly feeNone
Transactions includedUnlimited
Interest rate1.25%
Deposit insuranceInsured
Fees and rates verified 2026-08-19Published fee scheduleWe 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
- Any ATM worldwide, Wealthsimple reimburses eligible ATM provider fees
- ATM outside the network
- $0.00
Interest
- Posted rate
- 1.25%
- What the rate depends on
- 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 30-day period.
Who can open it
- US dollar account
- No
Deposit protection
- Insured by
- CDIC (held in trust with up to 10 CDIC member institutions, combined coverage up to $1,000,000 CAD)
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.wealthsimple.com
- Fees and terms
- Published fee schedule
Notes
No FX fees; $20 flat fee for outgoing domestic wires; a USD spend/receive feature is described as 'coming soon'; Wealthsimple states it is not a bank.
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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.