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Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
0
Monthly Fee
$0.00
2.3 Genius Rating
4.1 (30) User Reviews

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.

Pros
  • Banking with a full-service institution
  • Earn a sweet welcome bonus
  • Free use of ATMs across Canada
  • Deposit cheques with just a photo
Cons
  • Fees for sending Interac e-Transfers
Provinces
BC, AB, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
  • Age of majority in your province
  • Social Insurance Number for new members
  • New members must purchase a minimum of $5 in membership equity shares
Why You Want It
$100 GeniusCash + New members can get $150** when they open and use a Free Chequing Account.
Special Features
  • Work with a full service bank, not just an online bank
  • Free withdrawals and deposits at more than 4,000 Exchange Network ATMs across Canada
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
0
Monthly Fee
$0.00
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
$1.50
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$150
Promo End Date
January 05, 2026
Physical Locations
Yes
Automatic Budgeting System
No
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
No
Other Discounts
No
 
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
12
# Of Free Monthly Interac E-Transfers
12
Monthly Fee
$3.95
2.9 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Pay low fees – or none at all
  • A bit of overdraft protection
  • Fast and simple application process
Cons
  • Only 12 free transactions
  • ABM fees are tricky to decipher
  • No welcome bonus for new clients
Provinces
ALL
Eligibility
  • Be a Canadian resident
  • Be 14+ years old
Why You Want It
$0 monthly for kids, students, and eligible seniors + Free Interac e-Transfers.
Special Features
  • Free for children, students, and eligible seniors 65+
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
12
# Of Free Monthly Interac E-Transfers
12
Monthly Fee
$3.95
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
$1.25
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
N/A
Promo End Date
N/A
Physical Locations
Yes
Automatic Budgeting System
No
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
No
 
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$15.95
3.3 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • No monthly fee for the first year
  • Personalized phone support for more than just banking info
  • Unlimited electronic transactions
  • Access to National Bank credit cards
Cons
  • Continuing fee-free requires signing up for other products
Provinces
ALL
Eligibility
  • Be a newcomer to Canada of age 18 or older
  • Apply to open an account from your home country up to 90 days before you arrive in Canada, or within 5 years of your arrival
  • Be the only user of the account
  • Have a valid passport from a country outside of Canada or a Canadian permanent residency card (Newcomers already in Canada)
  • Have a Canadian phone number (Newcomers already in Canada)
Why You Want It
$0 monthly fees for up to 3 years + Dedicated advice for newcomers.
Special Features
  • Exclusive phone support for personal finance topics, immigration, and more
  • Access to a National Bank Mastercard without needing Canadian credit history
  • Free paper statements for a year
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$15.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$550
Promo End Date
October 25, 2025
Physical Locations
Yes
Automatic Budgeting System
See Issuer for Details
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
Yes
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
No
Discounts For Youth
No
Other Discounts
Yes
 
Rate Type
Fixed Closed
Rate Guarantee (days)
120
Posted Closed Rates
  • 1 year: 7.74%
  • 2 year: 7.34%
  • 3 year: 6.94%
  • 4 year: 6.74%
  • 5 year: 6.79%
  • 7 year: 7.1%
  • 10 year: 7.25%
1.9 Genius Rating
0.0 (0) User Reviews

A Meridian mortgage is a valuable option to consider for anyone refinancing their mortgage or buying a home – the Meridian Closed Fixed Mortgage in particular. You'll get the security and peace of mind that often comes with a fixed mortgage's locked-in rate, which can be held for 120 days after preapproval, and plenty of other conveniences.

Pros
  • Low, competitive rates
  • Unique Self-Employed Mortgage and other types available
  • Clients say the customer service is excellent
Cons
  • Only available in Ontario
  • Some details are tricky to find online
Provinces
ON
Eligibility
  • Be a Canadian citizen or permanent resident
  • Must be an Ontario resident
  • If self employed, must have been operating your business for at least 3 years
Why You Want It
Get up to 5% cash back + Competitive rates and excellent customer service.
Special Features
  • Flex Line, Construction, and several other mortgage types to choose from
  • Options for self-employed mortgage applicants
  • Freedom to skip 1 mortgage payment every 12 months, penalty free
Rate Type
Fixed Closed
Pre-approval
Yes
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
Unlimited
% Of Prepayment Allowed
20%
# Of Payment Increases Allowed Per Year
Unlimited
Max Payment Increase Allowed
20%
Promotion Available
N/A
Promotion End Date
N/A
 
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
30
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$10.95
3.0 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Discounts available for certain age groups
  • Interac e-Transfers are free
Cons
  • Limit of 30 transactions per month
  • Lack of credit card fee waivers
  • No welcome bonus offer
  • Complicated ABM fees
Provinces
ALL
Eligibility
  • Be a Canadian resident
Why You Want It
Enjoy 30 digital transactions per month + Discounts for youth and seniors.
Special Features
  • $5 discount for people 60 and older
  • Free for youth under 25
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
30
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$10.95
Excess Transaction Fee
$1.50
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
N/A
Promo End Date
N/A
Physical Locations
Yes
Automatic Budgeting System
No
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
No
 
Minimum Interest Rate
N/A
Maximum Interest Rate
0.65%
Balance Required For Maximum Interest Rate
N/A
3.7 Genius Rating
0.0 (0) User Reviews

The National Bank High Interest Savings Account is a product from National Bank that clients can use for funds they won't need to use on a regular basis, and it comes with a special interest rate so those funds can grow. It provides much-needed security and trustworthiness for many customers.

Pros
  • No minimum requirements to earn interest
  • Unlimited transfers between accounts
  • Set up auto transfers with a "systematic savings plan"
Cons
  • A standard interest rate
  • Only one free withdrawal per month
Provinces
ALL
Eligibility
  • Be a Canadian resident
  • Be 14+ years of age
  • Have a Social Insurance Number
Why You Want It
Effortless savings with 0.65% interest + No fixed monthly fees.
Special Features
  • Access to the systematic savings plan for auto deposits
  • Free automatic transfer tool
# Of Free Transactions
0
# Of Free Interac E-Transfers
0
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
 
Minimum Balance To Waive Fee
$6,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$28.95
3.6 Genius Rating
1.0 (1) User Reviews

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.

Pros
  • $150 credit card rebate provided
  • Enjoy unlimited transactions
  • Pre-authorized line of credit available
  • Complimentary, unlimited legal and estate advice
  • Receive 100 free cheques a year
Cons
  • Unusual range of monthly fees
  • The minimum balance for waiving fees is rather high
  • No welcome bonus incentive
Provinces
ALL
Eligibility
  • Be a Canadian resident
Why You Want It
Unlimited transactions and eTransfers + Up to $150 credit card rebate.
Special Features
  • Integrated line of credit up to $5,000
  • Free legal and estate assistance
  • $150 cash back for eligible National Bank credit card applications
  • Overdraft protection
  • 100 cheques per year, free of charge
Minimum Balance To Waive Fee
$6,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$28.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$150
Maximum Welcome Bonus
N/A
Promo End Date
N/A
Physical Locations
Yes
Automatic Budgeting System
No
Minimum Interest Rate
0%
Earn Rewards On Debit Purchases
No
Free Cheques
Yes
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
No
 
Minimum Balance To Waive Fee
$4,500
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$15.95
3.3 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Enjoy unlimited digital transactions
  • Discounts on monthly fees for certain age groups
  • Discount on credit card fees
Cons
  • High minimum balance for waiving the fee
  • You have to pay for in-branch transactions
  • ABM fees are tricky to decipher
Provinces
ALL
Eligibility
  • Be a Canadian resident
  • Be 14 years or older (to open an account)
Why You Want It
Unlimited digital transactions + $30 annual credit card discount.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
$4,500
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$15.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$30
Maximum Welcome Bonus
N/A
Promo End Date
October 02, 2024
Physical Locations
Yes
Automatic Budgeting System
No
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
No
 
Minimum Order Amount
$35
Mobile App
Yes
Minimum Fee
$0
Maximum Fee
$9.99
3.3 Genius Rating
2.0 (4) User Reviews

For some of us, online grocery shopping has become an essential service in our lives. We can’t go back to the days of wandering grocery store aisles searching for what we need. Not only is the convenience of these services tough to beat, but they also save us time, money, and patience.

Pros
  • Get a $25 GeniusCash bonus on your first order over $75
  • Guaranteed fresh groceries
  • Prompt, professional, and friendly delivery service
  • Delivery pass for regular shoppers
  • Promotions for new customers
Cons
  • Grocery store prices on the high end
  • Delivery isn't available everywhere
Provinces
AB, BC, MB, NB, NL, NS, ON, PE, SK
Eligibility
See Issuer for Details
Why You Want It
$25 GeniusCash + Total of $60 off your first four orders + free delivery (Eligible for New Customers in ON and QC only)
Special Features
  • New Customers Welcome Offers
  • Earn Scene+ points
  • Refer A Friend Program
Minimum Order Amount
$35
Mobile App
Yes
Minimum Fee
$0
Maximum Fee
$9.99
Minimum Wait Window (Hours)
1
Maximum Wait Window (Days)
7
Promo
$60 total off your first four orders + free delivery
Promo End Date
January 15, 2026
 
Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$17.95
3.6 Genius Rating
0.0 (0) User Reviews

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.

Pros
Cons
  • BMO newcomers account has non-BMO withdrawal fees
  • Pricey monthly fee after the first two years
Provinces
AB, BC, MB, NT, NS, ON, PE, NB, QC, NL, SK, YT, NU
Eligibility
  • Permanent residents and foreign workers arriving in Canada within last 5 years
  • Proof of immigration status required
Why You Want It
Get a $700 welcome bonus + a Walmart Delivery Pass subscription of up to 12 months.
Special Features
  • No monthly fee for two years
  • Earn up to $40 rebate on annual fees for eligible credit cards
  • No-fee BMO Global Money Transfers
  • Valuable welcome bonus
Minimum Balance To Waive Fee
$4,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$17.95
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
$40
Maximum Welcome Bonus
$700
Promo End Date
March 02, 2026
Physical Locations
Yes
Automatic Budgeting System
Yes
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Yes
Discounts For Youth
Yes
Other Discounts
Yes
 

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