1 | Account name | Organization | Type of Organization | Parent Company (if applicable) | Scope | Residency Limitation(s) | Electronic Account Opening for NTB Customers/Members | Cheques | Surcharge-free ATM Network(s) | Perks | Drawbacks | Additional notes | Discussion link | Product link | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 1Q Chequing | 1Q | Branch of a chartered bank, trust, or loan company | KEB Hana Bank of Canada | Canada | Canada | Yes | Unlimited orders of 1Q branded cheques available at below market cost of $7.96+GST/HST per order | The Exchange | - Free & unlimited in-branch transactions - Free & unlimited 1Q INSTA (e-mail money) transfers - Balance earns deposit interest at a tiered rate of between 0.15-0.25% | https://www.1qbank.ca/ca/ib/pu/getProductInfoList | ||||
3 | The Unfee Package | Cambrian Credit Union | Provincial credit union | Manitoba | Manitoba | No | Available at standard cost | Acculink | $1.00 credit to the accountholder's primary chequing account with enrollment in online statements | Requires recurring payroll or pension direct deposit for the account's monthly & transaction fees to be refunded (NOTE: This drawback might not warrant its inclusion in this list) | No Fee Bank Account: Unfee | Achieva Financial | Discussion forum | https://www.cambrian.mb.ca/personal/daily-banking/the-unfee | |||
4 | Free Chequing, Free Debit and More Account | Coast Capital Savings Federal Credit Union | Federal credit union | British Columbia, specifically to residents of the Lower Mainland, Vancouver Island and Central Okanagan regions | Canada | Yes | Available at standard cost | Acculink + The Exchange | - Free & unlimited in-branch transactions | - Bank-to-bank transfers are not yet available | - Note that Coast Capital Savings was continued as a federal credit union effective November 1, 2018 - Although they are no longer dictated by provincial legislation and/or regulation of provincial residency requirements, they are not yet soliciting new business outside of British Columbia | http://www.highinterestsavings.ca/forum/general-comparisons/remaining-zero-fee-chequing-accounts-in-canada/ | https://www.coastcapitalsavings.com/day-to-day-banking/chequing-accounts | ||
5 | No-Fee Account | Conexus Credit Union | Provincial credit union | Saskatchewan | Saskatchewan | No | Available at standard cost | Acculink | - Free & unlimited in-branch transactions - Thirty (30) free outgoing Interac e-Transfers per month | - Formerly known as the FreeStyle No-Fee Account - Interac e-Transfers appear to subject to standard transaction fees now - New accounts can be started online using OpenAnywhere technology but appear to require finalization in-branch | https://www.conexus.ca/Personal/Banking/Chequing/FindAccount/ | ||||
6 | No Fee eChequing Account | CS Alterna Bank | Chartered bank | Alterna Savings and Credit Union | Canada | Canada | Yes | Available at standard cost | Acculink + The Exchange | - Free Interac e-Transfers | Wholly-owned subsidiary of Alterna Savings & Credit Union where branches can assist, but not process transactions of, CS Alterna Bank customers with their Bank account(s) | https://www.highinterestsavings.ca/forum/alterna-bank/ | https://www.alternabank.ca/Personal/EverydayBanking/Accounts/eChequing/ | ||
7 | Daylight No-Fee Banking Bundle | DUCA Financial Services Credit Union | Provincial credit union | Ontario | Ontario | Yes | Available at standard cost | Acculink + The Exchange | - Free & unlimited in-branch transactions | - New accounts can be opened entirely online using proprietary technology - Appears to have eliminated an annual membership fee of $5.00 that was charged to the accountholder's primary chequing account and was previously noted as a potential "drawback" | https://www.duca.com/personal/banking/no-fee-chequing-accounts/the-daylight-no-fee-banking-bundle/ | ||||
8 | Simply Free Account | Envision Financial | Regional brand of a provincial credit union | First West Credit Union | British Columbia, specifically to residents of the Lower Mainland and Sunshine Coast regions | British Columbia | Yes | Free, 1st book of cheques only (approx. 25 cheque leaves). Addt'l. books available at standard cost | Acculink + The Exchange | - Free Interac e-Transfers - Free & unlimited in-branch transactions | - Bank-to-bank transfers cost $1.00 ea. | http://www.highinterestsavings.ca/forum/general-financial-discussion/new-free-unlimited-chequing-account-product-simply-free-account/ | https://www.envisionfinancial.ca/Personal/Bank/ChequingAccounts/SimplyFree/ | ||
9 | Be FREE Chequing Plan | FirstOntario Credit Union | Provincial credit union | Ontario | Ontario | Yes | Free, 1st book of cheques only (approx. 25 cheque leaves). Addt'l. books available at standard cost | Acculink + The Exchange | - Free & unlimited in-branch transactions | https://www.firstontario.com/personal/banking/chequing-accounts/be-free-chequing-plan | |||||
10 | No-Fee Bank Account | Innovation Credit Union | Provincial credit union | Saskatchewan | Canada | Yes | Available at standard cost | Acculink | - Free Interac e-Transfers - Free & unlimited in-branch transactions | - Formerly known as the FreeStyle No-Fee Account - Subsequent former name was the No-Fee Account - New accounts can be opened entirely online using OpenAnywhere technology | https://www.innovationcu.ca/Personal/MemberValue/NoFeeAccount/ | ||||
11 | Simply Free Account | Island Savings | Regional brand of a provincial credit union | First West Credit Union | British Columbia, specifically to residents of the Vancouver Island region | British Columbia | Yes | Free, 1st book of cheques only (approx. 25 cheque leaves). Addt'l. books available at standard cost | Acculink + The Exchange | - Free Interac e-Transfers - Free & unlimited in-branch transactions | - Bank-to-bank transfers cost $1.00 ea. | http://www.highinterestsavings.ca/forum/general-financial-discussion/new-free-unlimited-chequing-account-product-simply-free-account/ | https://www.islandsavings.ca/Personal/Bank/ChequingAccounts/SimplyFree/ | ||
12 | Motive Chequing | Motive Financial | Branch of a chartered bank, trust, or loan company | Canadian Western Bank | Canada (excluding Quebec residents) | Canada | Yes | Free, 1st book of cheques only (50 cheque leaves). Addt'l. books available at standard cost | The Exchange | - Banking service was formerly branded as Canadian Direct Financial - Chequing account was formerly known as the KeyDirect Chequing Account | https://www.highinterestsavings.ca/forum/motive-financial/ | https://www.motivefinancial.com/Accounts/ChequingAccount/ | |||
13 | Motive Cha-Ching Chequing Account | Motive Financial | Branch of a chartered bank, trust, or loan company | Canadian Western Bank | Canada (excluding Quebec residents) | Canada | Yes | Free, 1st book of cheques only (50 cheque leaves). Addt'l. books available at standard cost | The Exchange | - Free Interac e-Transfers - 2 free Interac ATM withdrawals per month (ATM owner surcharges still apply) | - Banking service was formerly branded as Canadian Direct Financial | https://www.highinterestsavings.ca/forum/motive-financial/ | https://www.motivefinancial.com/Accounts/ChaChingAccount/ | ||
14 | No-fee Chequing Account | Motus Bank | Chartered bank | Meridian Credit Union | Canada (excluding Quebec residents) | Canada | Yes | Free, 1st book of cheques only (25 cheque leaves). Addt'l. books available at standard cost | The Exchange | - Free Interac e-Transfers | - Does not offer immediate access to a portion of one's ATM, mobile cheque, or external EFT deposits initiated from Motus Bank as does not offer "access to deposited funds"/"hold release" limits | https://www.highinterestsavings.ca/forum/motusbank/ | https://www.motusbank.ca/Accounts/Chequing | ||
15 | No Fee Chequing Account | Simplii Financial | Branch of a chartered bank, trust, or loan company | Canadian Imperial Bank of Commerce | Canada (excluding Quebec residents) | Canada | Yes | Free and unlimited | CIBC | - Free, unlimited supply of cheques - Free Interac e-Transfers | - Banking service was formerly branded as PC Financial - Chequing account was formerly known as the No Fee Bank Account | https://www.highinterestsavings.ca/forum/simplii-financial/ | https://www.simplii.com/en/bank-accounts/no-fee-chequing.html | ||
16 | Tangerine Chequing Account | Tangerine Bank | Chartered bank | The Bank of Nova Scotia | Canada | Canada | Yes | Free, 1st book of cheques only (50 cheque leaves). Addt'l. books of 50 leaves avail. for $20 ea. | Scotiabank + Global ATM Alliance | - Free e-mail money transfers (not instant nor done through Interac, but rather through the EFT system) | - Formerly known as ING Bank of Canada prior to its relaunch in April 2014 as Tangerine Bank - Chequing account was formerly known as the THRiVE Chequing Account | https://www.highinterestsavings.ca/forum/tangerine-bank/ | https://www.tangerine.ca/en/products/spending/chequing-account/index.html | ||
17 | Simply Free Account | Valley First | Regional brand of a provincial credit union | First West Credit Union | British Columbia, specifically to residents of the Southern Interior region | British Columbia | Yes | Free, 1st book of cheques only (approx. 25 cheque leaves). Addt'l. books available at standard cost | Acculink + The Exchange | - Free Interac e-Transfers - Free & unlimited in-branch transactions | http://www.highinterestsavings.ca/forum/general-financial-discussion/new-free-unlimited-chequing-account-product-simply-free-account/ | https://www.valleyfirst.com/Personal/Bank/ChequingAccounts/SimplyFree/ |
1 | Type of Organization | Residency Limitation(s) | Electronic Account Opening for NTB Customers/Members | Surcharge-free ATM Network(s) |
---|---|---|---|---|
2 | Chartered bank | Alberta | Yes | Acculink |
3 | Chartered trust or loan company | British Columbia | No | The Exchange |
4 | Federal credit union | Canada | Acculink + The Exchange | |
5 | Provincial credit union | Manitoba | CIBC | |
6 | Branch of a chartered bank, trust, or loan company | New Brunswick | Scotiabank + Global ATM Alliance | |
7 | Branch of a federal or provincial credit union | Newfoundland and Labrador | ATB Financial | |
8 | Regional brand of a provincial credit union | Northwest Territories | ||
9 | Branch of a provincial financial institution | Nova Scotia | ||
10 | Nunavut | |||
11 | Ontario | |||
12 | Prince Edward Island | |||
13 | Quebec | |||
14 | Saskatchewan | |||
15 | Yukon |