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.
- Free transaction counts, e-Transfer limits, and interest rates vary widely between free accounts, so compare on those rather than on the fee alone.
National Free Chequing Accounts
These accounts are available across most of Canada, from banks, fintechs, and the federal credit unions.
| No-Fee eChequing Account | Unlimited | $3,000 | Free | — | |
| B2B Bank Chequing Account | Unlimited | — | Free | 0.00% | |
| Free Chequing, Free Debit, and More Account | Unlimited | $3,000 | Free | 0.00% | |
| Personal Account | Unlimited | $5,000 | Free | 1.00% | |
| Everyday Growth Account | Unlimited | — | Free | 2.50% | |
| No-Fee Chequing Account | Unlimited | $20,000 | Free | 0.00% | |
| 1Q Chequing | Unlimited | — | Free | 0.10% | |
| Neo Chequing | Unlimited | $10,000 | Free | 0.00% | |
| PC Money™ Account | Unlimited | $50,000 | Free | 2.20% | |
| No Fee Chequing Account | Unlimited | $3,000 | Free | 0.01% | |
| No-fee daily Chequing Account | Unlimited | $3,000 | Free | 0.00% | |
| Chequing account | Unlimited | $5,000 | Free | 1.25% |
Interac e-Transfer limits may vary depending on your client profile.
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.
B2B Bank
Account: B2B Bank Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
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.
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.
Haventree Bank
Account: Everyday Growth Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 2.50%
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.
KEB Hana Bank Canada
Account: 1Q Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.10%
Neo Financial
Account: Neo Chequing
- 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.
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.
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.
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.
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.
Free Chequing Accounts by Province
Credit unions serve members in the provinces where they operate. Find your province below to see the free chequing accounts you can open.
Free Chequing Accounts in Ontario
| Regular chequing account | Unlimited | $5,000 | Free | 0.00% | |
| E-CHEQUING | Unlimited | — | Free | — | |
| Perfetto. | Unlimited | $10,000 | Free | 0.45% | |
| Infinite Chequing Account | Unlimited | — | Free | — | |
| FreeFlex Account | Unlimited | — | Free | 0.00% | |
| NO-FEE CHEQUING ACCOUNT | Unlimited | $10,000 | Free | 0.00% | |
| EVERYDAY CHEQUING ACCOUNT | Unlimited | $10,000 | Free | 0.25% | |
| Essential Chequing | 10 | — | Free | 0.00% | |
| No Fee Account | Unlimited | $3,000 | Free | 0.00% | |
| Personal Chequing Account | Unlimited | $25,000 | Free | 0.00% | |
| ucublu too Virtual Chequing | Unlimited | $25,000 | Free | 0.05% | |
| SIMPLY FREE CHEQUING | 12 | $10,000 | Free | 0.00% | |
| Simply Free Chequing | 12 | $10,000 | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
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.
Frontline Credit Union
Account: E-CHEQUING
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
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.
Luminus Financial Services and Credit Union
Account: Infinite Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
Motor City Community Credit Union Limited
Account: FreeFlex Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
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.
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.
Pathwise Credit Union
Account: Essential Chequing
- Standard Fee
- Free
- Free Transactions
- 10
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
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.
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
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.
Free Chequing Accounts in British Columbia
| Essentials spending | 15 | — | Free | 0.00% | |
| For You. | 5 | $3,000 | Free | 0.00% | |
| KCU Free Unlimited Chequing | Unlimited | — | Free | 0.00% | |
| Lite | 1 | — | Free | 0.00% | |
| Maximizer | Unlimited | — | Free | 0.00% | |
| Tru Essentials Chequing | 12 | $5,000 | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
Beem
Account: Essentials spending
- Standard Fee
- Free
- Free Transactions
- 15
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Integris Credit Union
Account: For You.
- Standard Fee
- Free
- Free Transactions
- 5
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Khalsa Credit Union
Account: KCU Free Unlimited Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Kootenay Savings Credit Union
Account: Lite
- Standard Fee
- Free
- Free Transactions
- 1
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Sharon's Credit Union
Account: Maximizer
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Tru Cooperative Bank
Account: Tru Essentials Chequing
- Standard Fee
- Free
- Free Transactions
- 12
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Free Chequing Accounts in Saskatchewan
| No Fee Package | 30 | — | Free | 0.00% | |
| No-Fee Chequing | Unlimited | $10,000 | Free | 0.00% | |
| No Fee Chequing Account | Unlimited | — | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
Accent Credit Union
Account: No Fee Package
- Standard Fee
- Free
- Free Transactions
- 30
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Conexus Credit Union
Account: No-Fee Chequing
- 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.
TCU Financial Group
Account: No Fee Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Free Chequing Accounts in Manitoba
| Maximizer Chequing & Savings | Unlimited | $10,000 | Free | 0.00% | |
| Regular Chequing | 2 | $10,000 | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
Swan Valley Credit Union Limited
Account: Maximizer Chequing & Savings
- 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.
Swan Valley Credit Union Limited
Account: Regular Chequing
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Free Chequing Accounts in New Brunswick
| CU No Fee | 30 | — | Free | 0.00% |
Interac e-Transfer limits may vary depending on your client profile.
Brunswick Credit Union
Account: CU No Fee
- Standard Fee
- Free
- Free Transactions
- 30
- e-Transfer Fee
- Free
- Interest Rate
- 0.00%
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.