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 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 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 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 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 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.

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.

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.

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 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 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.

Are you an international student studying in Canada? That’s great news, because the BMO Performance Chequing Account for International Students is a bank account designed especially for newcomers to Canada like you. Part of the BMO New Start^® Program, this account offers perks like $125 in cash bonuses as well as 6 months worth of pizza, just for signing up for the account and completing a few simple actions. This BMO chequing account offers no monthly fees, as well as unlimited transactions and unlimited Interac e-Transfers, which can help you get off to a great start as a new student in Canada.

If you’re looking for a simple, straightforward bank account that happens to earn you PC Optimum points, look no further than the PC Money Account. It shares some similarities with a chequing account, but avoids all monthly fees and includes unlimited transactions.

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 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.

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.

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.

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.

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.

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.

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 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 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.

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 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.

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.

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

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 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.

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.

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 National Bank The Minimalist Chequing Account is a basic-level chequing account that provides clients with just enough features and transactions to cover the necessities. It's even free for children, students, and seniors – no extra services, points accumulation, or anything else necessary. This is a factor that sets it apart from most other similar accounts on the market.

The TD Minimum Chequing Account is very well suited for people with minimal banking needs. Notably, seniors over 60 years old who are collecting the Guaranteed Income Supplement (GIS) and Registered Disability Savings Plan (RDSP) beneficiaries can use this account without paying the $3.95 monthly fee.

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.

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).

For digital or online-only businesses, the Float Business Account could be the business bank account for you. It comes with unlimited digital transactions, which includes ACH, EFT, and wire transfers. Float also offers very low foreign exchange fees of 0.25% on CAD and USD conversions, up to 4% on your CAD and USD balances, and no monthly fees for the base plan. Businesses can hold both Canadian and U.S. dollar accounts that are CDIC-protected up to a total of $100,000 (across both accounts).

The Laurentian Bank Preferred Account offers an average banking solution for a monthly fee of $7.50. The monthly fee includes 20 transactions that cover a wide range of financial activities, making it advantageous for users with moderate banking needs.

For businesses making only a handful of monthly transactions, the RBC Flex Choice Business Account Package offers a valuable way to keep expenses down. For a low monthly fee of $7.00, you'll pay a small fee for each transaction, but the accompanying perks can help you save money.

The Laurentian Bank 65+ Plan is a very simple and straightforward chequing account designed for seniors who don't do much spending or who prefer to use cash to complete their transactions. While clearly a niche product for those over the age of 65+ living in Quebec, this account from one of the country's oldest banking institutions still has excellent value for its target clients.

The Laurentian Bank Basic Account is a cost-effective option for those who don’t need too many transactions. For $4.00 per month, account holders can make 12 transactions including ATM withdrawals, bill payments, and debit transactions. The monthly fee is waived for RDSP beneficiaries and seniors receiving the Guaranteed Income Supplement (GIS).

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.

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 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.