Free Chequing Accounts in Canada
- A free chequing account has no monthly account fee, with no minimum balance to maintain and no direct deposit required.
- Every account listed on this page is free for all members. Accounts that are free only for students, youth, or seniors are not included.
- Banks and fintechs, along with the federal credit unions, serve members across most of Canada. Other credit unions serve only the provinces they are incorporated in — select your province below to see what you can actually open.
- Free transaction counts, e-Transfer limits, and interest rates vary widely between free accounts, so compare on those rather than on the fee alone.
Free Chequing Accounts in Ontario
Every free chequing account available in the selected province, from the banks and fintechs that serve most of Canada to the credit unions that operate there. Select an institution in the table to jump to its card below, where the full breakdown and the link to the account live.
Selected Province: Ontario
| Everyday Growth Account | Digital-First | Unlimited | — | Free | 2.50% | |
| No-Fee eChequing Account | Digital-First | Unlimited | $3,000 | Free | — | |
| Free Chequing, Free Debit, and More Account | Traditional | Unlimited | $3,000 | Free | 0.00% | |
| Personal Account | Digital-First | Unlimited | $5,000 | Free | 1.00% | |
| No-Fee Chequing Account | Traditional | Unlimited | $20,000 | Free | 0.00% | |
| 1Q Chequing | Digital-First | Unlimited | — | Free | 0.10% | |
| Neo Chequing | Digital-First | Unlimited | $10,000 | Free | 0.10% | |
| PC Money™ Account | Digital-First | Unlimited | $50,000 | Free | 2.20% | |
| No Fee Chequing Account | Digital-First | Unlimited | $3,000 | Free | 0.01% | |
| No-fee daily Chequing Account | Digital-First | Unlimited | $3,000 | Free | 0.00% | |
| Chequing account | Digital-First | Unlimited | $5,000 | Free | 1.25% | |
| Regular Chequing Account | Traditional | Unlimited | $5,000 | Free | 0.00% | |
| E-Chequing | Digital-First | Unlimited | — | Free | — | |
| Perfetto. | Traditional | Unlimited | $10,000 | Free | 0.45% | |
| Infinite Chequing Account | Traditional | Unlimited | — | Free | — | |
| FreeFlex Account | Traditional | Unlimited | — | Free | 0.00% | |
| No-Fee Chequing Account | Traditional | Unlimited | $10,000 | Free | 0.00% | |
| Everyday Chequing Account | Traditional | Unlimited | $10,000 | Free | 0.25% | |
| Essential Chequing | Traditional | 10 | — | Free | 0.00% | |
| No Fee Account | Traditional | Unlimited | $3,000 | Free | 0.00% | |
| Personal Chequing Account | Traditional | Unlimited | $25,000 | Free | 0.00% | |
| ucublu too Virtual Chequing | Traditional | Unlimited | $25,000 | Free | 0.05% | |
| SIMPLY FREE CHEQUING | Traditional | 12 | $10,000 | Free | 0.00% | |
| Simply Free Chequing | Digital-First | 12 | $10,000 | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
Haventree Bank
Account: Everyday Growth Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 2.50%
Haventree Bank Everyday Growth Account is a no-monthly-fee, digital-only hybrid chequing and savings account with no minimum balance. It pays 2.50% interest on every dollar, calculated daily and paid monthly. It supports bill payments, Interac e-Transfers, direct deposits, EFTs, and joint accounts. Up to 8 accounts are available, but ATM access is unavailable.
Alterna Bank
Account: No-Fee eChequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
This limit may vary depending on the client profile.
Alterna Bank No-Fee eChequing Account is a no-monthly-fee, online-only chequing account with no minimum balance and unlimited day-to-day transactions and Interac e-Transfers. It earns 0.05% interest and includes surcharge-free access to 3,300+ THE EXCHANGE ATMs in Canada and 40,000 Allpoint ATMs in the U.S. Optional overdraft protection is available.
Visit Alterna Bank’s Account Page
Coast Capital
Account: Free Chequing, Free Debit, and More Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Coast Capital Free Chequing, Free Debit, and More Account is a no-monthly-fee chequing account with no minimum balance requirement and unlimited day-to-day transactions. It includes free withdrawals at Coast Capital and THE EXCHANGE ATMs and free incoming Interac e-Transfers, while sending an Interac e-Transfer costs $1.50.
Visit Coast Capital’s Account Page
EQ Bank
Account: Personal Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Interest Rate
- 1.00%
This limit may vary depending on the client profile.
EQ Bank Personal Account is a no-monthly-fee, fully digital account with no minimum balance and unlimited everyday transactions. It earns 1.00% base interest, increasing to 2.75% with qualifying recurring direct deposits of at least $2,000 per month. Cheque writing, bank drafts, cash deposits, and in-branch service are unavailable.
Visit EQ Bank’s Account Page
Innovation Federal Credit Union
Account: No-Fee Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $20,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Innovation Federal Credit Union No-Fee Chequing Account has no monthly fee or minimum balance requirement and includes unlimited transactions and Interac e-Transfers. Members can choose a free Debit Mastercard for online, in-store, and international purchases, with access to surcharge-free ding-free ATMs across Canada. New members are required to purchase a $5 membership share.
Visit Innovation Federal Credit Union’s Account Page
KEB Hana Bank Canada
Account: 1Q Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.10%
KEB Hana Bank Canada 1Q Chequing is a no-monthly-fee, online-only chequing account with no minimum balance and is unavailable in Quebec. It includes fee-free cash withdrawals at THE EXCHANGE Network ATMs, Interac e-Transfers, bill payments, international transfers, and transfers to other bank accounts. It can be opened online or through the mobile app.
Visit KEB Hana Bank Canada’s Account Page
Neo Financial
Account: Neo Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.10%
This limit may vary depending on the client profile.
Neo Chequing is a no-monthly-fee, digital chequing account with $0 NSF fees and 1% cashback on eligible gas and grocery purchases with the Neo Money card. It includes Interac e-Transfers, bill payments, pre-authorized debits, real-time spending categorization, and budgeting tools. Joint accounts include 2 Neo Money cards, with each co-owner earning cashback.
Visit Neo Financial’s Account Page
PC Financial
Account: PC Money™ Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $50,000
- e-Transfer Fee
- Free
- Interest Rate
- 2.20%
This limit may vary depending on the client profile.
PC Financial PC Money™ Account is a no-monthly-fee, digital-first bank account with no minimum balance and unlimited everyday transactions and Interac e-Transfers. It earns PC Optimum points on eligible purchases and bill payments, has no foreign exchange transaction fees, and includes an optional interest-bearing savings feature. Cheques cannot be written or deposited.
Visit PC Financial’s Account Page
Simplii Financial
Account: No Fee Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.01%
This limit may vary depending on the client profile.
Simplii Financial No Fee Chequing Account is a no-monthly-fee, digital-only chequing account with no minimum balance and unlimited debit purchases, bill payments, withdrawals, and Interac e-Transfers. It includes free access to over 3,400 CIBC ATMs across Canada, pays tiered interest, and offers optional overdraft protection with limits up to $5,000.
Visit Simplii Financial’s Account Page
Tangerine
Account: No-fee daily Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Tangerine No-Fee Daily Chequing Account is a no-monthly-fee account from a digital bank with no physical branches. It has no minimum balance and unlimited debit purchases, bill payments, pre-authorized transactions, and Interac e-Transfers. It pays tiered interest and includes access to 3,500+ Scotiabank ABMs nationwide and 44,000 Global ATM Alliance ABMs worldwide.
Visit Tangerine’s Account Page
Wealthsimple
Account: Chequing account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Interest Rate
- 1.25%
This limit may vary depending on the client profile.
Wealthsimple Chequing is a no-monthly-fee, branchless account with no minimum balance. It pays 1.25% for Core, 1.75% for Premium, and 2.25% for Generation clients. Core and Premium clients can add 0.5% by direct depositing at least $2,000 within 30 days. It includes a prepaid Mastercard, no foreign-exchange fees, and reimbursed ATM fees worldwide.
Visit Wealthsimple’s Account Page
Buduchnist Credit Union (BCU)
Account: Regular Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
BCU Regular Chequing Account is a no-monthly-fee chequing account with no minimum balance requirement and unlimited chequing privileges. Sending and receiving Interac e-Transfers, cheque deposits, online bill payments, and all transactions at BCU and The Exchange Network ATMs are free. A BCU Member debit card is included with the account.
Visit Buduchnist Credit Union (BCU)’s Account Page
Frontline Credit Union
Account: E-Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
Frontline Credit Union E-Chequing is a no-monthly-fee chequing account requiring direct deposit, with unlimited online, mobile, point-of-sale, pre-authorized debit and credit, online bill payment, and EXCHANGE Network ATM transactions. It includes free e-statements and the first 100 personalized cheques. In-branch and telephone transactions are subject to separate fees.
Visit Frontline Credit Union’s Account Page
IC Savings & Credit Union
Account: Perfetto.
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.45%
This limit may vary depending on the client profile.
IC Savings & Credit Union Perfetto. is a no-monthly-fee combined savings and chequing account with no minimum balance requirement. It earns interest calculated daily and paid monthly and includes unlimited free day-to-day transactions, including Interac e-Transfers. Deposit Anywhere mobile cheque deposits are free, and an optional line of credit is available subject to approval.
Visit IC Savings & Credit Union’s Account Page
Luminus Financial Services and Credit Union
Account: Infinite Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
Luminus Financial Infinite Chequing Account is a no-monthly-fee chequing account with no minimum balance and fee-free transactions, requiring full payroll or pension deposit. Qualifying members can receive overdraft protection based on their deposit. MEMBER CARD purchases include 120-day buyer protection and extended warranty coverage. Members age 25 and under have no payroll requirement.
Visit Luminus Financial Services and Credit Union’s Account Page
Motor City Community Credit Union Limited
Account: FreeFlex Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Motor City Community Credit Union Limited FreeFlex Account is a no-monthly-fee chequing account with no minimum balance requirement and unlimited debit transactions. It includes free online and in-branch bill payments, mobile and internet banking, Deposit Anywhere mobile cheque deposits, and unlimited surcharge-free transactions at more than 3,700 ATMs nationwide.
Visit Motor City Community Credit Union Limited’s Account Page
Moya Financial Credit Union Limited
Account: No-Fee Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Moya Financial No-Fee Chequing Account is a no-monthly-fee chequing account with no minimum balance requirement and no standard transaction charges. It includes unlimited free deposits, withdrawals, transfers, cheque clearing, debit card transactions, online bill payments, and Interac e-Transfers. Members also receive free access to more than 4,500 Ding-Free ATMs across Canada.
Visit Moya Financial Credit Union Limited’s Account Page
Parama Credit Union Limited
Account: Everyday Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.25%
This limit may vary depending on the client profile.
Parama Credit Union Limited Everyday Chequing Account is a no-monthly-fee chequing account with tiered interest calculated daily and paid monthly. Deposits, withdrawals, cheque transactions, Interac e-Transfers, and debit card purchases are free and unlimited. It also includes 100 free pre-printed personal cheques, Deposit Anywhere, and free Exchange Network ATM transactions.
Visit Parama Credit Union Limited’s Account Page
Pathwise Credit Union
Account: Essential Chequing
- Standard Fee
- Free
- Free Transactions
- 10
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Pathwise Credit Union Essential Chequing is a no-monthly-fee chequing account with no minimum balance requirement and tiered interest. It includes 10 free debit transactions per month, with additional debit transactions costing $1 each. Bill payments cost $1.50 each. Interest is paid at 0.10% on balances of $3,000 or more.
Visit Pathwise Credit Union’s Account Page
Sudbury Credit Union Limited
Account: No Fee Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
SCU No Fee Account is a no-monthly-fee chequing account with unlimited free deposits, withdrawals, bill payments, pre-authorized payments, cheque clearing, debit purchases, and ATM transactions at SCU and The Exchange Network ATMs. It includes free Deposit Anywhere cheque deposits and online and mobile banking, with benefits for youth, students, and seniors.
Visit Sudbury Credit Union Limited’s Account Page
Ukrainian Credit Union
Account: Personal Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $25,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Ukrainian Credit Union Personal Chequing Account is a no-monthly-fee chequing account with no minimum balance requirement and access through branches, online banking, and the mobile app. The first 50 personalized cheques are free. Interac e-Transfers cost $1.50 to send and are free to receive, while debit card purchases cost $0.50 each.
Visit Ukrainian Credit Union’s Account PageUkrainian Credit Union
Account: ucublu too Virtual Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $25,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.05%
This limit may vary depending on the client profile.
Your Neighbourhood Credit Union
Account: SIMPLY FREE CHEQUING
- Standard Fee
- Free
- Free Transactions
- 12
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Your Neighbourhood Credit Union
Account: Simply Free Chequing
- Standard Fee
- Free
- Free Transactions
- 12
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
YNCU Simply Free Chequing is a no-monthly-fee account with 12 included self-serve transactions per month and unlimited Interac e-Transfers. Additional self-serve and most in-branch transactions cost $1.25 each. The account also includes MemberCard Buyer Protection and Extended Warranty coverage with an eligible debit card.
Visit Your Neighbourhood Credit Union’s Account Page
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