Compare Chequing Accounts

If you want the most you can get out of a chequing account, the Scotiabank Ultimate Package is all about the extra perks.

BMO’s Premium Plan chequing account comes with a steep monthly fee, but it has a lot of valuable perks and features that may make it worth it to you. Rebates are offered on various credit cards, worldwide non-BMO ATM withdrawals are unlimited, and account holders even get a preferred U.S. exchange rate.

The RBC VIP Banking is an excellent choice for a premium bank account as it offers enough perks and benefits. These benefits – like free overdraft protection, a discounted safety deposit box, unlimited ATM withdrawals, etc. – pay for themselves if you use them often and correctly.

The TD All-Inclusive Banking Plan offers a rich set of benefits in exchange for a $30.95 monthly fee, which is waived when a $5,000 daily balance is maintained throughout the month. Account holders can enjoy unlimited transactions, no fees for TD or non-TD ATMs, rebates on the annual fee for select TD credit cards, and the opportunity to earn bonuses from partners like Starbucks.

The Scotiabank Preferred Package for Students and Youth is one of the best chequing accounts for students. It's basically the Scotiabank Preferred Package, except this version has no monthly fee. To qualify, you simply need to be under the age of 23 or be enrolled at a post-secondary institution.

The TD Unlimited Chequing Account lives up to its name, offering unlimited transactions and unlimited Interac e-Transfers. At $17.95 per month, it’s a mid-tier bank account that comes with plenty of value, including a generous welcome bonus and the option to receive a first-year annual fee rebate on several TD credit cards—perfect if you like keeping your financial products all at one institution.

The Scotiabank Preferred Package is a feature-rich chequing account that packs in plenty of perks for everyday banking. For $16.95 per month, or free if you maintain a minimum daily balance of $4,000, you’ll enjoy unlimited debit transactions and Interac e-Transfers, so you never have to worry about counting swipes or transfers. Cardholders can earn Scene+ points on debit purchases, which you can redeem for movies, dining, travel, and more, adding extra value to everyday spending.

The BMO Performance Chequing Account for Newcomers is part of BMO’s NewStart Program, designed to make your transition to life in Canada smoother and more convenient. Available to permanent residents and foreign workers who have arrived in Canada within the last 5 years, this newcomer chequing account comes with two years of no monthly fees, unlimited transactions, including INTERAC e-Transfer^®§ transactions, plus no-fee BMO Global Money Transfers, helping you feel financially at home right away.

The RBC Signature No Limit Banking Account is a mid-level chequing account, offering unlimited transactions and an array of other helpful features and services. With big bank security and the ability to earn valuable Avion points, this product should be a contender for any Canadian looking for value and flexibility.

With the CIBC Smart Plus Account, this bank has created a chequing account with valuable features for everyday banking, including unlimited transactions. The monthly fee is high, but there are plenty of perks, like CIBC’s Smart Balance Alert system and a unique welcome offer.

If you're looking for a top-tier National Bank chequing account, complete with unlimited transactions, overdraft protection, and rebates for your credit card fees, the National Bank Total Chequing Account is the one you want. Account holders even have access to complimentary legal assistance via phone or videoconference, which includes help with estate planning.

The BMO Performance Chequing Account for Students is a version of BMO’s Performance Plan Chequing Account with special rates for students. This BMO chequing account is tailored for students and offers no monthly fees, unlimited transactions, and other perks.

The BMO Performance Chequing Account is a popular mid-tier chequing account offered by one of Canada's biggest banks. BMO has been a banking powerhouse for decades, providing comprehensive services, advanced security measures, and top-notch professionalism for all clients.

If you’re an avid Air Miles collector, the BMO Air Miles Chequing Account may seem like an obvious choice. And while it does offer unlimited transactions and Interac e-Transfers, the Air Miles earn rate is an abysmal 1 mile for every $25 you spend through your debit card. Given its $17.95 monthly fee, you may wonder if it’s worth it.

The RBC Advantage Chequing Account is a basic yet solid chequing account with unlimited Interac e-Transfers and debit transactions within Canada, plus the opportunity to earn rewards. The $12.95 monthly fee is very reasonable, with rebates available for students, seniors, and more.

For full-time students, the RBC Advantage Banking for students account gives you everything you need for day-to-day banking. It’s basically the same as the popular RBC Advantage Chequing Account, but with one big perk: there are no monthly banking fees as long as you’re a full-time student. That’s extra money in your pocket for books, coffee, or the occasional late-night pizza.

The Coast Capital Elevate Chequing Account is a premium chequing account with a reasonable monthly fee and several interesting perks. With a credit card rebate, free access to the Coursera learning platform, and a couple ways to reduce the monthly fee, this account has a lot going for it.

CIBC is one of the largest and most popular banks in Canada, and the CIBC Smart Account is a low-fee chequing account. Your monthly fee is based on the number of transactions made, so you don’t pay for more than you use.

Bank accounts for kids tend to be pretty bare bones, and pale in comparison with its "adult" counterparts. However, the National Bank Youth Bank Account doesn’t take that approach. It offers free unlimited transactions to youths under the age of 25 with no monthly fee, free access to over 3,000 ABMs, and much more.

If you're a newcomer to Canada, the National Bank Newcomer Banking Package is an excellent choice for getting started with your financial journey in your new country. It's available to all newcomers within 5 years of their arrival in Canada and can easily be opened online. In fact, the account can be opened up to 90 days before you even arrive in Canada, as long as the eligibility requirements are met.

The National Bank Connected Chequing Account must have been created with the modern digital lifestyle in mind – the unlimited digital transactions, free Interac e-Transfers, mobile cheque deposits, and other features are precisely what today's mobile-friendly clients are looking for.

The TD Student Chequing Account provides a budget-friendly banking solution for young people and full-time students. It comes with unlimited transactions, no monthly fees, and even a modest interest rate. New signups can get a welcome bonus of up to $125, along with discounts on trades through TD Direct Investing.

Innovation's No-Fee Bank Account is a top-notch no fee account that offers features and benefits not commonly associated with chequing accounts. This chequing account from Saskatchewan-based Innovation Federal Credit Union is a strong contender in the free chequing account sphere, with cross-country availability (except for Quebec).

The Canadian Western Bank Gold Leaf PLUS Account is a versatile, everyday-use chequing account for Canadian seniors aged 57 and older. This account comes with no monthly fees, unlimited transactions, complimentary cheques, and free Interac e-Transfers. Account holders also get a $15 discount when renting a safety deposit box.

The Coast Capital Unlimited Chequing Account is a mid-tier chequing account from Coast Capital. If you're in the market for an account with unlimited day-to-day transactions^****, including free e-Transfers, don't count this one out simply because it's from a credit union – it can hold its own against similar chequing accounts from much bigger banks.

The PC Money Account is a simple, basic bank account that earns significant PC Optimum points for users. It’s not quite a chequing account, though. It was launched in September of 2020 by PC Financial, a Canadian financial company.

The CIBC Smart Start Account is a chequing account tailored for Canadians under the age of 25, and its convenient features make it very attractive, especially to students. And since CIBC is one of Canada's big 5 banks, the young account holders can rest assured of their bank's security and reliability.

The CIBC Smart for Students bank account delivers all the cash-saving features you want from a student account, while also providing the accessibility and widespread ATM network that a Big-5 bank is known for. But what really sets it apart is its free SPC+ membership, which gets you up to 30% off the top brands in Canada.

The First Nations Bank of Canada Student Bank Account is a straightforward chequing account created for full-time post-secondary students. With no monthly fee, unlimited transactions, and free Interac e-Transfers, this account holds its own among the many other student bank accounts in Canada. It’s also easy to access through a top-rated mobile app, giving students a simple way to manage their money.

The Laurentian Bank Unlimited Account is a reliable and cost-effective chequing account available for all Canadians. With unlimited transactions, a reasonable fee, and plenty of ATMs available, this product can provide the convenience you're looking for in a chequing account.

The RBC Day To Day Banking Account account is the most basic chequing account offered by RBC with a monthly fee of just $4.00 compared with some premium accounts that have fees in excess of $30.

The Tangerine Chequing Account is a free, full-featured option that makes banking simple and stress-free. With no monthly fees, no transaction fees, and convenient access to Scotiabank’s extensive coast-to-coast ATM network, it’s easy to see why this account stands out. Setting it up is quick, using it is intuitive, and managing your money online has never been easier.

It may seem like a bare-bones type of account at first glance, but the Scotiabank Basic Bank Account is a solid choice for Canadians looking to keep their banking transactions at a minimum. Catering mostly to seniors and teens, this account offers surprising value in the form of free Interac e-Transfers, access to overdraft protection, and a discounted fee for clients in the 60+ age group.

The Canadian Western Bank Prestige Account is a premium bank account offering unlimited daily transactions, an exclusive credit card, a complimentary wealth planning session, and more from a well-established and trusted banking institution. Account holders also have access to a dedicated CWB Relationship Manager, and more.

Are you looking for a quality youth account to help your children learn how to save? And do you want them to keep as much of their cash as possible without getting nickel and dimed? Do you also live in B.C. or Alberta? If so, you should take a look at the Canadian Western Bank Youth Account.

As the name suggests, this Scotiabank chequing account will get you all the basic features you need in a dependable banking account.

The Canadian Western Bank Student Account provides "the ultimate no-hassle chequing account," giving students an easy way to manage their money without worrying about fees or limits. And this is really what student bank accounts are all about.

The BMO Plus Chequing Account is one of BMO’s more straightforward banking plans, offering 25 free transactions per month for a monthly fee of $11.95, or $6.95 if you’re 60 or older and eligible for the $4 senior discount. Students also get the account for free, making it accessible to those who want a reliable option without extra frills. Unlimited Interac e-Transfers are included, and if you open the account before July 2, 2025, you can snag a $100 welcome bonus by completing a couple of basic banking tasks like setting up direct deposit or making a bill payment.

The TD Every Day Chequing Account offers unlimited free Interac e-Transfers, making it simple to send money anytime without worrying about extra charges. TD Bank also adds a little extra flavour by offering bonus Starbucks Rewards, a nice perk for coffee lovers who want to earn more with their day-to-day banking. For a monthly fee of just $11.95, which includes 25 transactions a month plus a seniors discount, this a good choice for your average banking needs.

The National Bank Modest Chequing Account is one of the more basic accounts offered by the National Bank, which gives you big bank security without a huge amount of bank fees. For a max of $10.95 each month (depending on your age and minimum), this chequing account will let you hold and spend your money with ease.

With the Simplii No Fee Chequing Account, you get free daily banking. That includes unlimited free transactions, no minimum balance, and no monthly fee. What more could you ask for? You can even earn interest on your balance.

You’ve probably never heard of Alterna Bank, even though their parent company has been in business for over 100 years. They started as a credit union in Eastern Ontario, and now they’re mostly an online bank. Like other Canadian banks, they’re members of the Canada Deposit Insurance Corporation (CDIC), meaning your money is protected if the bank goes under.

If you’re in the market for a low fee chequing account that just covers the basics without any extra bells and whistles, the BMO Practical Plan chequing account might be right for you.

The Canadian Western Bank Apex Account is a chequing account with a palatable fee with all you need in an everyday account. This will unlock access to unlimited transactions and Interac e-Transfers, as well as a way to waive the $14.25 monthly fee.

The RBC Digital Choice Business Account Package is an excellent account choice for a business bank account and is best suited for companies who primarily like to use online and mobile banking for most of their business banking. RBC also has an impressive list of recommended services for businesses.

The Laurentian Bank Youth Plan is a chequing account created for children and teens under the age of 18. With no monthly fee, unlimited debit transactions, and access to a widespread network of ATMs, young Laurentian clients may find significant value in this account.

The Motusbank No-Fee Chequing Account has no monthly fee, no minimum balance requirement, and a competitive 0.15% interest rate. It also gives you plenty of perks, like free Interac e-Transfers, unlimited transactions, and access to both the EXCHANGE and Allpoint Networks of ATMs.

Using a Coast Capital Free Chequing, Free Debit, and More Account is a convenient way to support a local credit union that's working hard to offer top-tier products and services. Coast Capital is headquartered in Surrey B.C. and was the first full-service bank to offer a free chequing account over 10 years ago. It's also available to all Canadians except residents of Quebec.