Free Student Chequing Accounts in Canada
- Student chequing accounts are designed specifically for students and typically waive the monthly fee for as long as you’re enrolled.
- Many everyday chequing accounts are also free for students without being marketed that way. Both kinds are listed together below and labelled, so you can compare them side by side.
- Free transaction counts, e-Transfer limits, and ATM access vary widely, so compare on those rather than on the fee alone.
- Banks and fintechs serve students across Canada, while credit unions serve only the provinces they operate in. Use the province filter to see what you can actually open.
Student Chequing Accounts in Ontario
Every chequing account a student can hold for free in the selected province, whether it carries a student-specific plan or simply waives its fee for students. 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
| Student Life | Student Account | Unlimited | — | $3,000 | Alterna ATM; THE EXCHANGE Network; ACCULINK® Network | Free | |
| Student Chequing Package | Student Account | Unlimited | — | $5,000 | Meridian ATM; THE EXCHANGE Network | Free | |
| TD Student Chequing Account | Student Account | Unlimited | — | $3,000 | TD ATM | Free | |
| Performance Chequing Account | Free for Students | Unlimited | — | $3,000 | BMO ATM; 1 Non-BMO ATM withdrawal | Free | |
| Youth Plan | Free for Students | Unlimited | — | $20,000 | Caisse Alliance ATM; ding free® ATM | Free | |
| CIBC Smart™ Start | Free for Students | Unlimited | — | $3,000 | CIBC ATM; Non-CIBC ATM | Free | |
| Coast Capital Unlimited Chequing Account | Free for Students | Unlimited | — | $3,000 | Coast Capital ATM; THE EXCHANGE Network | Free | |
| Unlimited plan | Free for Students | Unlimited | Transactions within a non-registered regular savings account do not count toward the transaction limit. | $5,000 | Desjardins ATM; ACCULINK® Network | Free | |
| Aim For More Chequing | Free for Students | Unlimited | 3 free ATM transactions on the Interac network are included each month. | $10,000 | DUCA ATM; THE EXCHANGE Network | Free | |
| Premium | Free for Students | Unlimited | 10 free Interac e-Transfers are included each month. | $10,000 | FirstOntario ATM; THE EXCHANGE Network | Free | |
| Chequing | Free for Students | Unlimited | — | — | Hana Bank ATM; THE EXCHANGE Network | Free | |
| Go Free Chequing | Free for Students | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | $3,000 | Libro ATM; ding free® ATM | Free | |
| Light | Free for Students | 12 | E-Transfers are excluded from the transaction limit and is unlimited. | — | Mainstreet ATM; ding free® ATM; THE EXCHANGE Network; ACCULINK® Network | Free | |
| The Connected | Free for Students | Unlimited | — | $4,000 | National Bank ATM; THE EXCHANGE Network | Free | |
| The Minimalist | Free for Students | 18 | — | $4,000 | National Bank ATM; THE EXCHANGE Network | Free | |
| Unlimited Chequing | Free for Students | Unlimited | — | — | Pathwise ATM; THE EXCHANGE Network; ACCULINK® Network | Free | |
| RBC Advantage Banking Account | Free for Students | Unlimited | — | $10,000 | RBC ATM; Non-RBC ATM | Free | |
| Chequing | Free for Students | Unlimited | — | $3,000 | SBI ATM; THE EXCHANGE Network | Free | |
| Preferred Package | Free for Students | Unlimited | — | — | Scotiabank ABM; 1 Non-Scotiabank ABM withdrawal | Free | |
| Limitless Plan | Free for Students | Unlimited | — | $3,000 | Tandia ATM; THE EXCHANGE Network | Free | |
| Eva Youth Chequing Account | Free for Students | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | — | WFCU ATM; THE EXCHANGE Network | Free | |
| Youth | Free for Students | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | — | WFCU ATM; THE EXCHANGE Network | Free | |
| SIMPLY STARTER CHEQUING | Free for Students | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | $10,000 | YNCU ATM; THE EXCHANGE Network | Free | |
| No-Fee eChequing Account | Free for Everyone | Unlimited | — | $3,000 | — | Free | |
| Regular chequing account | Free for Everyone | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | $5,000 | BCU ATM; THE EXCHANGE Network | Free | |
| Free Chequing, Free Debit, and More Account | Free for Everyone | Unlimited | Interac e-Transfers do not count toward the transaction limit. | $3,000 | Coast Capital ATM; THE EXCHANGE Network | Free | |
| Personal Account | Free for Everyone | Unlimited | — | $5,000 | Any ATM in Canada, 5 fee-refunds per month (up to $5 each) | Free | |
| E-CHEQUING | Free for Everyone | Unlimited | — | — | Frontline ATM; THE EXCHANGE Network | Free | |
| Everyday Growth Account | Free for Everyone | Unlimited | — | — | — | Free | |
| Perfetto. | Free for Everyone | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | $10,000 | IC Savings ATM; ding free® ATM | Free | |
| No-Fee Chequing Account | Free for Everyone | Unlimited | E-Transfers are excluded from the transaction limit and is unlimited. | $20,000 | Innovation ATM; ding free® ATM | Free | |
| 1Q Chequing | Free for Everyone | Unlimited | — | — | Hana Bank ATM; THE EXCHANGE Network | Free | |
| Infinite Chequing Account | Free for Everyone | Unlimited | — | — | Luminus ATM; THE EXCHANGE Network | Free | |
| FreeFlex Account | Free for Everyone | Unlimited | — | — | MCCCU ATM; THE EXCHANGE Network | Free | |
| NO-FEE CHEQUING ACCOUNT | Free for Everyone | Unlimited | — | $10,000 | Moya ATM; THE EXCHANGE Network | Free | |
| Neo Chequing | Free for Everyone | Unlimited | — | $10,000 | — | Free | |
| EVERYDAY CHEQUING ACCOUNT | Free for Everyone | Unlimited | — | $10,000 | Parama ATM; THE EXCHANGE Network | Free | |
| Essential Chequing | Free for Everyone | 10 | — | — | Pathwise ATM; THE EXCHANGE Network; ACCULINK® Network | Free | |
| PC Money™ Account | Free for Everyone | Unlimited | — | $50,000 | PC Financial ATM | Free | |
| No Fee Chequing Account | Free for Everyone | Unlimited | — | $3,000 | CIBC ATM | Free | |
| No Fee Account | Free for Everyone | Unlimited | — | $3,000 | Sudbury ATM; THE EXCHANGE Network | Free | |
| No-fee daily Chequing Account | Free for Everyone | Unlimited | — | $3,000 | Scotiabank ABM | Free | |
| Personal Chequing Account | Free for Everyone | Unlimited | — | $25,000 | UCU ATM; THE EXCHANGE Network | Free | |
| ucublu too Virtual Chequing | Free for Everyone | Unlimited | — | $25,000 | UCU ATM; THE EXCHANGE® Network | Free | |
| Chequing account | Free for Everyone | Unlimited | — | $5,000 | Any ATM in Canada, unlimited fee reimbursement | Free | |
| Simply Free Chequing | Free for Everyone | 12 | E-Transfers are excluded from the transaction limit and is unlimited. | $10,000 | YNCU ATM; THE EXCHANGE Network | Free |
Interac e-Transfer limits may vary depending on your client profile.
Alterna Savings
Student AccountAccount: Student Life
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Alterna ATM; THE EXCHANGE Network; ACCULINK® Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: Alterna Savings Student Life is a no-monthly-fee chequing package for post-secondary students, with no minimum balance requirement and unlimited day-to-day transactions, including Interac e-Transfers. Proof of continued enrolment must be provided by the account anniversary each year to retain eligibility; otherwise, the account may be switched to the Basic package.
Visit Alterna Savings’ Account Page
Meridian
Student AccountAccount: Student Chequing Package
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Free ATM Access
- Meridian ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: Meridian Student Chequing Package is a no-monthly-fee account for members ages 18 to 25 or eligible post-secondary students. It includes unlimited self-serve transactions, 5 in-branch transactions, 99 rebated Interac e-Transfers, and 2 cheques per month. Additional in-branch transactions and cheques are charged individually.
Visit Meridian’s Account Page
TD
Student AccountAccount: TD Student Chequing Account
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- TD ATM
- Interest Rate
- 0.01%
This limit may vary depending on the client profile.
About this account: TD Student Chequing Account is a no-monthly-fee account for youth and students, with unlimited transactions and free Interac e-Transfers. For eligible customers, it also has no monthly fee for Monthly Plan Overdraft Protection. The account remains free until age 23, or longer with proof of full-time post-secondary enrollment.
Visit TD’s Account Page
BMO
Free for StudentsAccount: Performance Chequing Account
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- BMO ATM; 1 Non-BMO ATM withdrawal
- Interest Rate
- 0.00%
$17.95 per month otherwise
This limit may vary depending on the client profile.
About this account: BMO Performance Chequing Account is a chequing account with unlimited transactions and Interac e-Transfers. It includes identity theft protection, one non-BMO ATM withdrawal in Canada per month, and an annual fee rebate on an eligible BMO credit card. The monthly fee can be waived by maintaining a minimum balance of $4,000.
Visit BMO’s Account Page
Caisse Populaire Alliance
Free for StudentsAccount: Youth Plan
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $20,000
- e-Transfer Fee
- Free
- Free ATM Access
- Caisse Alliance ATM; ding free® ATM
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: Caisse Alliance Youth Profit Account is a no-transaction-fee account for young adults and eligible full-time post-secondary students under age 26. It includes regular deposits, withdrawals, cheques, transfers, bill payments, and debit purchases, with access through branches, ATMs, and Allia online banking.
Visit Caisse Populaire Alliance’s Account Page
CIBC
Free for StudentsAccount: CIBC Smart™ Start
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- CIBC ATM; Non-CIBC ATM
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: CIBC Smart Start is a no-monthly-fee chequing account for Canadian residents under 25, whether or not they are students. It includes unlimited transactions and Interac e-Transfers, plus a monthly rebate for 1 non-CIBC ATM withdrawal in Canada. At age 25, regular CIBC Smart Account terms apply unless eligible for CIBC Smart for Students.
Visit CIBC’s Account Page
Coast Capital
Free for StudentsAccount: Coast Capital Unlimited Chequing Account
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Coast Capital ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$8.50 per month otherwise
This limit may vary depending on the client profile.
About this account: Coast Capital Unlimited Chequing Account is a chequing account with unlimited day-to-day transactions and free Interac e-Transfers. It includes ID Assist identity theft protection and 25 free Canadian cheques per year. The monthly fee can be waived based on age or a $4,000 daily balance, or reduced with eligible direct deposit.
Visit Coast Capital’s Account Page
Desjardins
Free for StudentsAccount: Unlimited plan
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Free ATM Access
- Desjardins ATM; ACCULINK® Network
- Interest Rate
- 0.00%
$15.95 per month otherwise
This limit may vary depending on the client profile.
Transaction limits: Transactions within a non-registered regular savings account do not count toward the transaction limit.
About this account: Desjardins Unlimited plan is an everyday account with unlimited transactions, including digital, debit card, ATM, teller, and cheque transactions. It also includes access to the AccuLink ATM network. The $15.95 monthly fee can be waived by maintaining a balance of at least $4,000 throughout the month.
Visit Desjardins’ Account Page
DUCA Financial
Free for StudentsAccount: Aim For More Chequing
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- DUCA ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: 3 free ATM transactions on the Interac network are included each month.
About this account: DUCA Aim For More Chequing is a no-monthly-fee account for members ages 16 to 29. It includes free withdrawals, EFTs, bill payments, Me-to-Me transfers, and 3 free Interac e-Transfers per month, with no minimum balance requirement. At age 30, the account transitions to Daylight Chequing.
Visit DUCA Financial’s Account Page
FirstOntario Credit Union
Free for StudentsAccount: Premium
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- FirstOntario ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$13.95 per month otherwise
This limit may vary depending on the client profile.
Transaction limits: 10 free Interac e-Transfers are included each month.
About this account: FirstOntario Premium includes unlimited transactions, 10 free Interac e-Transfers per month, free overdraft protection, and up to a $60 annual rebate on an eligible FirstOntario Visa. Its $13.95 monthly fee is waived with a $4,000 minimum daily balance or $1,500 monthly payroll or pension direct deposit, and for youth and students under 25.
Visit FirstOntario Credit Union’s Account Page
KEB Hana Bank Canada
Free for StudentsAccount: Chequing
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Hana Bank ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$2.00 per month otherwise
About this account: A demand account that can double as an overdraft account, supporting cheque issuance, debit card issuance, and a linked line of credit account. Depending on your financial situation, Hana may permit the account to carry a negative balance rather than declining transactions. Transactions between Hana Bank Canada customers are free, and students, seniors, and RDSP beneficiaries may qualify for a monthly fee exemption.
Visit KEB Hana Bank Canada’s Account Page
Libro Credit Union
Free for StudentsAccount: Go Free Chequing
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Libro ATM; ding free® ATM
- Interest Rate
- 0.13%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: Libro Credit Union Go Free Chequing is a no-monthly-fee account for members age 25 and under. It includes unlimited transactions and unlimited Interac e-Transfers, along with 10 free Interac Request Money transactions per month. Transfers between Libro accounts are also free, with no minimum balance required.
Visit Libro Credit Union’s Account Page
Mainstreet Credit Union
Free for StudentsAccount: Light
- Monthly Fee
- Free for Students
- Free Transactions
- 12
- e-Transfer Fee
- Free
- Free ATM Access
- Mainstreet ATM; ding free® ATM; THE EXCHANGE Network; ACCULINK® Network
- Interest Rate
- 0.00%
$4.95 per month otherwise
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: A simple, low-fee chequing account for members who bank infrequently, offering 12 combined transactions a month across in-branch and online banking. It's the only Mainstreet chequing account with genuinely no charge to send or receive Interac e-Transfers, standing apart from the other tiers that only offer unlimited transfers rather than free ones.
Visit Mainstreet Credit Union’s Account Page
National Bank
Free for StudentsAccount: The Connected
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $4,000
- e-Transfer Fee
- Free
- Free ATM Access
- National Bank ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$15.95 per month otherwise
This limit may vary depending on the client profile.
About this account: National Bank The Connected is a chequing account with unlimited digital transactions and Interac e-Transfers, plus access to THE EXCHANGE ABM network at no additional cost. Monthly fees vary by age and are waived for customers under 25, while customers age 25 and older can waive the fee by maintaining a $4,500 balance.
Visit National Bank’s Account PageNational Bank
Free for StudentsAccount: The Minimalist
- Monthly Fee
- Free for Students
- Free Transactions
- 18
- Max e-Transfer / Day
- $4,000
- e-Transfer Fee
- Free
- Free ATM Access
- National Bank ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$3.95 per month otherwise
This limit may vary depending on the client profile.
About this account: National Bank The Minimalist is a basic chequing account with 18 included digital transactions per month, including Interac e-Transfers. It has a $3.95 monthly fee, which is waived for customers age 24 and under and certain other eligible groups. Additional transactions are charged separately, making it suited to lower transaction needs.
Visit National Bank’s Account Page
Pathwise Credit Union
Free for StudentsAccount: Unlimited Chequing
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Pathwise ATM; THE EXCHANGE Network; ACCULINK® Network
- Interest Rate
- 0.00%
$7.99 per month otherwise
About this account: A low-cost chequing account offering genuinely unlimited transactions, including e-Transfers, bill payments, and point-of-sale purchases, while still earning tiered interest on your balance. It's free for members 17 and under, $7.99 monthly for members 18 and up, and the fee is waived entirely by maintaining an $8,000 balance.
Visit Pathwise Credit Union’s Account Page
RBC
Free for StudentsAccount: RBC Advantage Banking Account
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- RBC ATM; Non-RBC ATM
- Interest Rate
- 0.00%
$12.95 per month otherwise
This limit may vary depending on the client profile.
About this account: RBC Advantage Banking is a chequing account designed for customers who make frequent transactions. It includes unlimited debit transactions in Canada, unlimited Interac e-Transfers, and no RBC fee for using another bank’s ATM in Canada. Eligible clients can also receive a partial or full monthly fee rebate through the RBC Value Program.
Visit RBC’s Account Page
SBI Canada Bank
Free for StudentsAccount: Chequing
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- SBI ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$4.00 per month otherwise
This limit may vary depending on the client profile.
About this account: A chequing account from SBI Canada Bank, the Canadian subsidiary of State Bank of India, available in both Canadian and U.S. dollars with unlimited free in-branch debit transactions and no minimum balance. It pays no interest on deposits, and the $4.00 monthly administration fee is waived by maintaining a $1,000 minimum end-of-day balance throughout the month, or outright for seniors over 65, youth under 18, and students with valid ID. Its standout feature is cross-border banking: outgoing money transfers to India are free when sent through the YONO SBI Canada mobile app, versus $10 in branch. Three cheque leaves come free when the account is opened in branch, and ABM access is available on Canadian dollar accounts through SBIC and THE EXCHANGE Network at no charge.
Visit SBI Canada Bank’s Account Page
Scotiabank
Free for StudentsAccount: Preferred Package
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Scotiabank ABM; 1 Non-Scotiabank ABM withdrawal
- Interest Rate
- 0.00%
$16.95 per month otherwise
About this account: Scotiabank Preferred Package is a chequing account with unlimited debit transactions and Interac e-Transfers. It includes 1 free non-Scotiabank ABM withdrawal in Canada per month, $1.99 Scotia International Money Transfers, Scene+ points on eligible debit purchases, and an annual fee rebate on an eligible credit card. The monthly fee can be waived with a $4,000 daily balance.
Visit Scotiabank’s Account Page
Tandia Credit Union
Free for StudentsAccount: Limitless Plan
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Tandia ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
$12.95 per month otherwise
This limit may vary depending on the client profile.
About this account: Tandia Limitless Plan is a $12.95-per-month chequing account with unlimited transactions, including withdrawals, transfers, bill payments, cheques, pre-authorized debits, debit purchases, and Interac e-Transfers. Tandia and THE EXCHANGE network ATM withdrawals are also included. The monthly fee is waived by maintaining a minimum monthly balance of $3,000.
Visit Tandia Credit Union’s Account Page
Windsor Family CU
Free for StudentsAccount: Eva Youth Chequing Account
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- WFCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.10%
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: WFCU Eva Youth Chequing Account is a no-monthly-fee account for members ages 13 to 25. It includes unlimited everyday transactions and Interac e-Transfers, with guardian approval required for debit card access before age 16. Members age 18 and older can also access WFCU’s Payroll Advance feature.
Visit Windsor Family CU’s Account PageWindsor Family CU
Free for StudentsAccount: Youth
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- WFCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.10%
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
Your Neighbourhood CU
Free for StudentsAccount: SIMPLY STARTER CHEQUING
- Monthly Fee
- Free for Students
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- YNCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: YNCU Simply Starter Chequing is a no-monthly-fee account for members age 25 and under, with unlimited self-serve transactions and Interac e-Transfers. Beginning at age 26, the account has a $6.95 monthly fee. In-branch transactions are charged separately rather than being included with the unlimited self-serve transactions.
Visit Your Neighbourhood CU’s Account Page
Alterna Bank
Free for EveryoneAccount: No-Fee eChequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
This limit may vary depending on the client profile.
About this account: An online-only chequing account from Alterna Bank, the federally regulated digital subsidiary of Alterna Savings, with no monthly fee, no minimum balance, and unlimited free day-to-day transactions including Interac e-Transfers, bill payments, cheques, pre-authorized payments, and debit purchases. Unusually for a no-fee chequing account, it earns interest on your daily balance, and it includes surcharge-free access to 3,300+ ATMs on THE EXCHANGE Network in Canada plus 40,000 through Allpoint in the U.S. There's no in-branch access at all, and the account is only available to open online. Optional overdraft protection can be added for $2.50 monthly with limits from $500 to $5,000 (capped at $1,500 when applied for through digital banking), though it isn't available to Quebec residents.
Visit Alterna Bank’s Account Page
Buduchnist CU (BCU)
Free for EveryoneAccount: Regular chequing account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Free ATM Access
- BCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: A no-monthly-fee chequing account with unlimited chequing privileges and no minimum balance requirement, notable for how much it includes at no charge: sending and receiving Interac e-Transfers, online bill payments, cheque deposits, and all transactions at both BCU ATMs and The Exchange Network are all free. BCU is a Ukrainian-Canadian credit union with branches across the GTHA and Ottawa, and members get access to 43,000+ surcharge-free ATMs across North America through The Exchange and Allpoint networks.
Visit Buduchnist CU (BCU)’s Account PageCoast Capital
Free for EveryoneAccount: Free Chequing, Free Debit, and More Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Coast Capital ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: Interac e-Transfers do not count toward the transaction limit.
About this account: 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
Free for EveryoneAccount: Personal Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Free ATM Access
- Any ATM in Canada, 5 fee-refunds per month (up to $5 each)
- Interest Rate
- 1.00%
This limit may vary depending on the client profile.
About this account: A fully digital hybrid account that pays high interest on your everyday balance rather than treating chequing and savings separately, earning 1.50% base plus a 2.50% bonus when you set up direct deposit of your pay. There's no monthly fee and no minimum balance, with unlimited transactions across direct deposits, pre-authorized debits, bill payments, and EFTs. The EQ Bank Card adds free withdrawals at any ATM in Canada with fees reimbursed, cash back on purchases, and no foreign exchange fees. Being branchless, it doesn't support cheques, bank drafts, in-branch service, or cash deposits.
Visit EQ Bank’s Account Page
Frontline Credit Union
Free for EveryoneAccount: E-CHEQUING
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Frontline ATM; THE EXCHANGE Network
About this account: A no-monthly-fee account built for members who bank almost entirely online, on mobile, or at EXCHANGE Network ATMs, requiring direct deposit to qualify. Unlimited chequing transactions, electronic and pre-authorized debits and credits, online bill payments, point-of-sale purchases, and e-statements are all free, along with a first personalized cheque order of 100. The tradeoff is that in-branch and telephone transactions carry their own charges, unlike Frontline's paid tiers.
Visit Frontline Credit Union’s Account Page
Haventree Bank
Free for EveryoneAccount: Everyday Growth Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Interest Rate
- 2.50%
About this account: A hybrid chequing and savings account launched in July 2026 as Haventree Bank's first direct-to-consumer product, paying 2.50% on every dollar from day one with no monthly fee and no minimum balance. Interest is calculated daily on your closing balance and deposited on the first day of each month. You can open up to eight accounts, individual or joint, and give each a nickname to organize savings by goal. It handles bill payments, direct deposits, EFTs, and external account linking for transfers to and from other Canadian institutions. Haventree is a Schedule I bank that spent decades in the broker-distributed alternative mortgage market before launching this digital arm, and deposits are CDIC-insured up to $100,000. It's currently available in English everywhere outside Quebec, with French service and Quebec availability planned for later in 2026.
Visit Haventree Bank’s Account Page
IC Savings & Credit Union
Free for EveryoneAccount: Perfetto.
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- IC Savings ATM; ding free® ATM
- Interest Rate
- 0.45%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: A hybrid account combining a daily interest savings rate with the day-to-day flexibility of a chequing account, with no account or transaction fees at all. It requires no minimum balance and lets you deposit cheques directly through a smartphone via Deposit Anywhere™. A line of credit can also be added directly onto the account for those who want borrowing and everyday banking managed from a single place.
Visit IC Savings & Credit Union’s Account Page
Innovation Federal CU
Free for EveryoneAccount: No-Fee Chequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $20,000
- e-Transfer Fee
- Free
- Free ATM Access
- Innovation ATM; ding free® ATM
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: 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 CU’s Account PageKEB Hana Bank Canada
Free for EveryoneAccount: 1Q Chequing
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Hana Bank ATM; THE EXCHANGE Network
- Interest Rate
- 0.10%
About this account: An online-only chequing account from KEB Hana Bank Canada, the Canadian subsidiary of Hana Financial Group, one of South Korea's largest banks. It's part of their 1Q digital product line, with sign-up completed entirely through the 1Q app using just a SIN and basic information, no branch visit required. The account is available in both Canadian and U.S. dollars with surcharge-free access to THE EXCHANGE network nationwide, and the app handles Interac e-Transfers, international transfers, cheque deposits, external account linking, and bill payments. Service isn't available in Quebec.
Visit KEB Hana Bank Canada’s Account Page
Luminus Financial Services and CU
Free for EveryoneAccount: Infinite Chequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- Luminus ATM; THE EXCHANGE Network
About this account: Luminus's premium chequing account, offering fee-free transactions with no monthly fee and no minimum balance, in exchange for depositing your full payroll or pension into the account. Members who do get overdraft protection matched to their usual deposit amount. It also carries buyer protection covering most retail purchases against theft or damage for 120 days, plus an extended warranty that doubles the manufacturer's coverage for up to two years, both tied to your MEMBER CARD. It's free for anyone 25 and under with no payroll requirement attached.
Visit Luminus Financial Services and CU’s Account Page
Motor City Community CU
Free for EveryoneAccount: FreeFlex Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- e-Transfer Fee
- Free
- Free ATM Access
- MCCCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
About this account: A genuinely no-fee chequing account with no monthly fee and no minimum balance requirement, covering unlimited debit transactions, free bill payments both online and in-branch, free in-branch, mobile and internet banking, and unlimited surcharge-free withdrawals across a 3,700+ ATM network nationwide. Deposit Anywhere mobile cheque deposit is included.
Visit Motor City Community CU’s Account Page
Moya Financial CU
Free for EveryoneAccount: NO-FEE CHEQUING ACCOUNT
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- Moya ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: A genuinely fee-free chequing account with no monthly maintenance fees, no minimum balance, and no standard transaction charges of any kind. It's the only Moya personal account with free unlimited cheque clearing, alongside free unlimited deposits, withdrawals, transfers, debit card transactions, online bill payments, and access to over 4,500 ding-free ATMs across Canada.
Visit Moya Financial CU’s Account Page
Neo Financial
Free for EveryoneAccount: Neo Chequing
- Monthly 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.
About this account: A no-monthly-fee digital account built around cashback and credit-building, paying 1% back on gas and groceries through the Neo Money card. It charges $0 NSF fees, which is unusual even among digital banks, and includes real-time transaction tracking with automatic categorization and budgeting insights. Joint accounts are available with two Neo Money cards where each co-owner earns their own cashback, and funds are CDIC-eligible up to $100,000. Neo has also flagged several features as coming: up to $300 in interest-free overdraft, rent and bill payment reporting to credit bureaus, and mobile cheque deposits.
Visit Neo Financial’s Account Page
Parama Credit Union
Free for EveryoneAccount: EVERYDAY CHEQUING ACCOUNT
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- Parama ATM; THE EXCHANGE Network
- Interest Rate
- 0.25%
This limit may vary depending on the client profile.
About this account: A chequing account that covers everyday banking while still earning interest on your balance, with tiered rates calculated on the daily closing balance and paid monthly. Deposits, withdrawals, and cheque transactions are all free and unlimited, and it includes the first 100 pre-printed personal cheques free, free debit card use at point-of-sale terminals, free deposits and withdrawals across The Exchange Network, and remote cheque deposit through Deposit Anywhere on Parama's mobile app.
Visit Parama Credit Union’s Account PagePathwise Credit Union
Free for EveryoneAccount: Essential Chequing
- Monthly Fee
- Free
- Free Transactions
- 10
- e-Transfer Fee
- Free
- Free ATM Access
- Pathwise ATM; THE EXCHANGE Network; ACCULINK® Network
- Interest Rate
- 0.00%
About this account: A no-monthly-fee chequing account with no minimum balance requirement, built for members with modest transaction volumes. Unusually for an entry-level chequing account, it earns tiered interest on your balance, and it includes 10 free debit transactions a month before per-transaction pricing kicks in.
Visit Pathwise Credit Union’s Account Page
PC Financial
Free for EveryoneAccount: PC Money™ Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $50,000
- e-Transfer Fee
- Free
- Free ATM Access
- PC Financial ATM
- Interest Rate
- 2.20%
This limit may vary depending on the client profile.
About this account: A hybrid account combining spending, saving, and rewards on a prepaid Mastercard, with no monthly fee, no minimum balance, and unlimited everyday transactions. Its defining feature is PC Optimum points earned on purchases and bill payments, redeemable across Loblaw stores including No Frills, Shoppers Drug Mart, and Zehrs, which PC values at over $700 a year. There are no foreign exchange transaction fees, and withdrawals at PC Financial ATMs are free ($1.50 at other domestic ATMs, $3.00 internationally). It also includes an optional savings feature that earns interest on your balance. Being a prepaid Mastercard product, it doesn't support writing or depositing cheques.
Visit PC Financial’s Account Page
Simplii Financial
Free for EveryoneAccount: No Fee Chequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- CIBC ATM
- Interest Rate
- 0.01%
This limit may vary depending on the client profile.
About this account: A branchless chequing account from CIBC's digital division, with no monthly fee, no minimum balance, and unlimited debit purchases, bill payments, and withdrawals. It includes free access to over 3,400 CIBC ATMs across Canada and a Debit Mastercard that works for online and in-store purchases anywhere Mastercard is accepted. Overdraft protection is available exclusively on this account with limits up to $5,000, charged $4.97 monthly only in months you use it plus 19% interest on overdraft balances. It also pays tiered interest on your chequing balance, which most no-fee chequing accounts don't.
Visit Simplii Financial’s Account Page
Sudbury Credit Union
Free for EveryoneAccount: No Fee Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Sudbury ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: A chequing account with no monthly fees and no per-transaction charges on virtually everything, deposits, withdrawals, bill payments, pre-authorized payments, cheque clearing, point-of-sale purchases, and ATM use at SCU and The Exchange Network ATMs are all unlimited and free. It includes free Deposit Anywhere mobile cheque deposit and free online and mobile banking, with added benefits layered on for youth, students, and members 60 and over.
Visit Sudbury Credit Union’s Account Page
Tangerine
Free for EveryoneAccount: No-fee daily Chequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- e-Transfer Fee
- Free
- Free ATM Access
- Scotiabank ABM
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: A branchless chequing account from Scotiabank's digital subsidiary, with no monthly fee, no minimum balance, and unlimited debit purchases, bill payments, and pre-authorized transactions. It's one of the few chequing accounts that pays tiered interest on your balance, and it comes with a Client Card carrying Visa Debit for online and international purchases. ABM access is free at 3,500+ Scotiabank machines nationwide and 44,000 worldwide through Scotiabank's Global ATM Alliance, with the first cheque book of 50 cheques included free.
Visit Tangerine’s Account Page
Ukrainian Credit Union
Free for EveryoneAccount: Personal Chequing Account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $25,000
- e-Transfer Fee
- Free
- Free ATM Access
- UCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
About this account: A traditional chequing account offering full in-branch access alongside online and mobile banking, built for members who want a personal touch rather than a fully virtual experience. It has no monthly fee and no minimum balance requirement, plus the first 50 personalized cheques free. Unlike ucublu too's fully digital, largely fee-free structure, this account carries per-transaction fees to help offset the cost of maintaining in-branch service.
Visit Ukrainian Credit Union’s Account PageUkrainian Credit Union
Free for EveryoneAccount: ucublu too Virtual Chequing
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $25,000
- e-Transfer Fee
- Free
- Free ATM Access
- UCU ATM; THE EXCHANGE® Network
- Interest Rate
- 0.05%
This limit may vary depending on the client profile.
Wealthsimple
Free for EveryoneAccount: Chequing account
- Monthly Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- e-Transfer Fee
- Free
- Free ATM Access
- Any ATM in Canada, unlimited fee reimbursement
- Interest Rate
- 1.25%
This limit may vary depending on the client profile.
About this account: A branchless account with no monthly fee and no minimum balance, paying interest that scales with your total assets at Wealthsimple: 1.25% for Core clients, 1.75% for Premium, and 2.25% for Generation, with Core and Premium able to add a 0.5% boost by direct depositing $2,000 within a 30-day period. It runs on a prepaid Mastercard rather than a debit card, so there's no credit check and no impact on your credit score, with no FX fees and ATM fees reimbursed worldwide. Daily e-Transfer limits reach $50,000 for eligible clients, far above what most banks allow, and you can hold up to 8 personal plus 8 joint accounts to compartmentalize savings. Cash deposits work through 5,300+ Canada Post locations and bank drafts ship to your door. Note that Wealthsimple isn't a bank or a CDIC member itself: it's a FINTRAC-registered money services business that places deposits in trust with up to 10 CDIC member institutions, extending coverage up to $1 million.
Visit Wealthsimple’s Account PageYour Neighbourhood CU
Free for EveryoneAccount: Simply Free Chequing
- Monthly Fee
- Free
- Free Transactions
- 12
- Max e-Transfer / Day
- $10,000
- e-Transfer Fee
- Free
- Free ATM Access
- YNCU ATM; THE EXCHANGE Network
- Interest Rate
- 0.00%
This limit may vary depending on the client profile.
Transaction limits: E-Transfers are excluded from the transaction limit and is unlimited.
About this account: 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 CU’s Account Page
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