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Minimum Balance To Waive Fee
$1,000
# Of Free Monthly Transactions
15
# Of Free Monthly Interac E-Transfers
0
Monthly Fee
$4.00
1.9 Genius Rating
1.0 (1) User Reviews

The Canadian Western Bank Standard Account is a basic chequing account with a low monthly fee and a limited number of free transactions every month. The monthly fee can be waived as long as you have at least $1,000 in your account.

Pros
  • Low, easily-wavied monthly fee
  • Free ATM withdrawals from the EXCHANGE Network
  • Free transfers between CWB accounts
Cons
  • Very few transactions
  • Interac e-Transfers aren’t free
  • Very few physical locations
Provinces
AB, BC, NB, MB, NL, NU, NT, NS, ON, SK, YT, PE
Eligibility
  • Canadian resident
  • Age of majority
Why You Want It
Low monthly fee that's waived with only $1,000 in the account + 15 free transactions.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
$1,000
# Of Free Monthly Transactions
15
# Of Free Monthly Interac E-Transfers
0
Monthly Fee
$4.00
Excess Transaction Fee
$1.00
Excess Interac E-Transfer Fee
$1.00
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
N/A
Promo End Date
N/A
Physical Locations
Yes
Automatic Budgeting System
See Issuer for Details
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
No
Discounts For Youth
No
Other Discounts
No
 
Minimum Balance To Waive Fee
$0
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
3.1 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Free SPC+ membership
  • No monthly fee
  • Unlimited transactions and Interac e-Transfers
  • Huge number of physical locations and ATMs
  • A cash welcome bonus and refer a friend cash reward
Cons
  • Pricey non-CIBC ATM withdrawals
  • Welcome bonus requires additional steps beyond signing up
Provinces
ALL
Eligibility
  • Canadian resident or international student
  • Full-time student graduating after age 25
Why You Want It
Free SPC+ for big shopping discounts + Unlimited free transactions.
Special Features
  • Free SPC+ membership
  • Save up to 10 cents per litre on gas with Journie Rewards
  • Free Skip+ subscription for 12 months
Minimum Balance To Waive Fee
$0
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$175
Promo End Date
See Issuer for Details
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
No
Discounts For Youth
No
Other Discounts
No
 
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
2.4 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • No monthly fee
  • Unlimited transactions
  • Free Interac e-Transfers
  • The account earns much more interest than similar youth accounts
Cons
  • Very few physical locations
  • Low upper age limit
  • Pricey cost of using non-EXCHANGE Network ATMs
  • No additional perks
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
  • Aged 18 and under
  • Canadian resident
Why You Want It
No monthly fee + Unlimited free transactions and Interac e-Transfers.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
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
0.05%
Earn Rewards On Debit Purchases
No
Free Cheques
No
Free Bank Drafts
No
Max Rebates For Other Accounts
N/A
Discounts For Seniors
No
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
$0.00
2.7 Genius Rating
0.0 (0) User Reviews

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.

Pros
Cons
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
  • Aged 57 and over
  • Canadian resident
Why You Want It
Unlimited transactions + No monthly fees for Canadians 57 and over.
Special Features
  • No monthly fee
  • $15 discount on safety deposit box rentals
  • Option to receive GIC monthly interest without penalty
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
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
Yes
Free Bank Drafts
Yes
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
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
2.4 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • No monthly fee
  • Unlimited transactions
  • Interac e-Transfers are free
Cons
  • Very basic features
  • Pricey unaffiliated ATM use
  • Limited physical locations
Provinces
AB, MB, BC, NB, NL, NU, NS, NT, ON, PE, SK, YT
Eligibility
  • Post-secondary student
  • Canadian resident
Why You Want It
No monthly fee + Unlimited transactions and Interac e-Transfers.
Special Features
  • No monthly fee
  • Unlimited transactions and Interac e-Transfers
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
N/A
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
No
Discounts For Youth
Yes
Other Discounts
No
 
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
12
# Of Free Monthly Interac E-Transfers
N/A
Monthly Fee
$4.00
2.7 Genius Rating
0.0 (0) User Reviews

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).

Pros
  • Free for seniors receiving GIS and RDSP beneficiaries
  • Low monthly fee
  • Access to over 3,000 ATMs across the country
Cons
  • Minimum balance requirements
  • Only 12 transactions per month
  • Excess transaction fees
Provinces
ALL
Eligibility
  • Age of majority
  • Residents of Canada
Why You Want It
12 monthly transactions + Free for RDSP beneficiaries and GIS recipients.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
12
# Of Free Monthly Interac E-Transfers
N/A
Monthly Fee
$4.00
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
$1.00
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
No
Other Discounts
No
 
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$14.25
2.2 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Unlimited free transfers included
  • Free Interac e-Transfers
  • A chance at a monthly fee waiver
Cons
  • No other real perks
  • No welcome bonus
  • Not available in Quebec
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT
Eligibility
  • Resident of Canada
  • At least 18 years old
Why You Want It
Get unlimited free transactions + A low monthly fee that can be waived.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$14.25
Excess Transaction Fee
N/A
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
No
Discounts For Youth
No
Other Discounts
No
 
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
20
# Of Free Monthly Interac E-Transfers
N/A
Monthly Fee
$7.50
2.7 Genius Rating
0.0 (0) User Reviews

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.

Pros
  • Free for students
  • Discounted rate for seniors
  • Access to thousands of ATMs in Canada
Cons
  • Limited transactions
  • Fees for additional transactions and e-Transfers
  • Minimum balance to avoid (some) fees
Provinces
ALL
Eligibility
  • Residents of Canada
  • Age of majority
Why You Want It
Discounted fee for seniors and students + 20 monthly transactions.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
20
# Of Free Monthly Interac E-Transfers
N/A
Monthly Fee
$7.50
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
$1.00
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
$3,000
# Of Free Monthly Transactions
25
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$11.95
2.9 Genius Rating
0.0 (0) User Reviews

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.

Pros
Cons
Provinces
ALL
Eligibility
  • Resident of Canada
  • Age of majority
Why You Want It
Unlimited Interac e-Transfers + 50% more Stars at Starbucks.
Special Features
  • Get 50% more Stars at Starbucks.
  • Unlimited free Interac e-Transfers
  • Discount for seniors
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
25
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$11.95
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
N/A
Promo End Date
May 28, 2025
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
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
$4.00
2.6 Genius Rating
0.0 (0) User Reviews

The CIBC Everyday Chequing Account is a basic, no-frills account offering easy access to your funds at a low monthly fee–just $4.00 a month. This account also features easy access to a large and convenient ATM network, along with a wide array of services available at CIBC branches across the country – all perks of working with one of Canada's largest banks.

Pros
Cons
Provinces
ALL
Eligibility
  • Canadian resident
  • Age of majority in your province
Why You Want It
Access 3,000+ ATMs across Canada + Pay a low monthly fee of $4.00.
Special Features
See Issuer for Details
Minimum Balance To Waive Fee
N/A
# Of Free Monthly Transactions
12
# Of Free Monthly Interac E-Transfers
12
Monthly Fee
$4.00
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
$1.50
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
No
Discounts For Youth
No
Other Discounts
No
 

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