Compare the Best Chequing Accounts in Canada

Provider: TANGERINE
Account Type(s): NO MONTHLY FEE
Monthly Fee: $0.00


Standard Rates
  • Monthly Fee: $0.00
  • Debits Included: Unlimited
  • Interac e-Transfers Included: Unlimited
  • Earn up to 0.65% in Interest

  • Key Features
    • No fees for daily transactions
    • Pays interest
    • Great news - Interac e-Transfer® is now free!

    Account Features
    Free cheques
    • Get your first cheque book of 50 cheques for free. Additional cheque books are just $20 each.
    No fees for daily transactions
    • This includes an unlimited number of debit purchases, bill payments, unlimited pre-authorized payments and Tangerine Email Money Transfers.
    Pays interest
    • Earn interest on every dollar in your Account, calculated daily and paid monthly.
    Provider: SIMPLII FINANCIAL
    Monthly Fee: $0.00


    Standard Rates
  • Monthly Fee: $0.00
  • Debits Included: Unlimited
  • Interac e-Transfers Included: Unlimited
  • Earn up to 0.50% in Interest

  • Key Features
    • Free daily banking: unlimited debit purchases, bill payments & withdrawals
    • Send money for free with Interac e-Transfer®
    • No monthly fees with no minimum balance

    Account Features
    Chequing Account Interest Rates
    • $0.00 - $1,000.00 = 0.05%
    • $1,000.01 - $5,000.00 = 0.10%
    • $5,000.01 - $10,000.00 = 0.15%
    • $10,000.01 - $25,000.00 = 0.15%
    • $25,000.01 and up = 0.50%
    Provider: CIBC
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $3.90


    Standard Rates
  • Monthly Fee: $3.90
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: No e-Transfers Included
  • Cost Per e-Transfers Thereafter: $1.50

  • Key Features
    • 12 Transactions included
    • Interac e-Transfer® transactions $1.50 each

    Account Features
    Free paperless record keeping
    • Save on record-keeping fees and avoid the paper clutter when you sign up for eStatements.
    Pay with your phone
    • Check out and go with Android Pay, Samsung Pay® and Apple Pay®. Just load your CIBC cards and you're ready to go.
    Provider: SCOTIABANK
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $3.95


    Standard Rates
  • Monthly Fee: $3.95
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: 2
  • Cost Per e-Transfers Thereafter: $1.00

  • Key Features
    • 12 free transactions per month
    • 2 free Interac e-Transfer transactions per month

    Account Features
    Earn points on everyday purchases with your choice of rewards program
    • Redeem SCENE points for entertainment rewards like movies, meals and more
    • Redeem Scotia Rewards points for travel, gift cards, the latest in tech, and more
    Provider: NBC
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $3.95


    Standard Rates
  • Monthly Fee: $3.95
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.50
  • Interac e-Transfers Included: Unlimited

  • Key Features
    • 12 Transactions per month (including 2 branch transactions)

    Account Features
    Excess Transaction Fees
    • Withdrawal, transfer, withdrawal for bill payment (in excess number): $1.50
    • Bill payment service: $2/bill
    Provider: TD BANK
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $3.95


    Standard Rates
  • Monthly Fee: $3.95
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: No e-Transfers Included
  • Cost Per e-Transfers Thereafter: $0.50

  • Key Features
    • No transaction fees on your first 12 transactions in a month

    Account Features
    • Minimum monthly balance for monthly fee rebate - $2000
    Account Fees
    • Interac e-Transfer® (up to $100) $0.50 each
    • Interac e-Transfer® (over $100) $1.00 each
    • Non-TD ATM Fees (in Canada) $2.00 each
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $4.00


    Standard Rates
  • Monthly Fee: $4.00
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: Unlimited

  • Key Features
    • Unlimited Interac e-Transfer
    • 12 debits / month; $1.25 each thereafter

    Account Features
    Instant Fuel Savings at Petro-Canada
    • Link your card and instantly save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada locations
    Provider: HSBC
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $4.00


    Standard Rates
  • Monthly Fee: $4.00
  • Debits Included: 14
  • Cost Per Debit Thereafter: $1.00
  • Interac e-Transfers Included: 14
  • Cost Per e-Transfers Thereafter: $1.00

  • Key Features
    • Includes 14 free monthly transactions
    • No monthly fee for youth, students, seniors or Registered Disability Savings Plan (RDSP) beneficiaries

    Account Features
    • Everything you need from a chequing account for a monthly fee of just $4.00. Your first 14 transactions are included and monthly statements help you monitor your account activity.
    • It doesn’t make sense to pay a higher monthly fee if you don’t make a lot of transactions – or if you don’t want to keep a minimum balance in your chequing account.
    • The monthly fee of $4.00 is waived for youth, students, seniors and Registered Disability Savings Plan (RDSP) beneficiaries.
    Provider: BMO
    Account Type(s): DAY TO DAY BANKING
    Monthly Fee: $4.00


    Standard Rates
  • Monthly Fee: $4.00
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: Unlimited

  • Key Features
    • 12 Transactions per month included
    • Unlimited Interac e-Transfer® transactions

    Account Features
    Non-BMO ATM withdrawals
    • $2.00 for each Non-BMO ATM withdrawal
    Interac e-Transfer®
    • Unlimited Interac e-Transfer®§ transactions
    Transactions in excess of monthly plan limit
    • $1.25 each for transactions in excess of monthly plan limit
    Provider: CIBC
    Monthly Fee: $4.95


    Standard Rates
  • Monthly Fee: $4.95
  • Debits Included: 12
  • Cost Per Debit Thereafter: $1.25
  • Interac e-Transfers Included: Unlimited

  • Key Features
    • 12 Transactions per Month
    • Unlimited Interac e-Transfer

    Rewards
    • Pay no monthly fee for up to 12 months!

    Account Features
    Pay no monthly fee
    • It's waived when your daily balance is $3,000 or more, and you make a recurring direct deposit or 2 pre-authorized payments each month.
    Monthly fee and transactions1
    • $4.95 per month for up to 12 transactions
    • $1.25 each for additional transaction over 12, up to a total monthly fee of $14.95
    • Pay no monthly fee when you have a minimum end of day balance of $3,000 each day, plus 1 recurring direct deposit Learn about recurring direct deposits. Opens a popup. or 2 pre-authorized payments Learn about pre-authorized payments. Opens a popup. each month in this account