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Best chequing accounts in Canada

Compare chequing accounts by fees, bonuses, pros & cons and open an account online today.

BMO Performance Chequing Account

Earn a $600 welcome bonus

Unlimited free transactions and e-Transfers

$16.95 monthly account fee (can be waived)

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Monthly fee	$16.95
Waiver	The monthly account fee will be waived if you maintain a minimum monthly balance of at least $4,000.
Interest rate	0%
Transactions	unlimited
Interac e-transfers	$0
Non-network ATM in Canada	$2
Highlights	monthly fee is waived for members of the Canadian Defence Community

Compare chequing accounts

Use the table below to compare accounts based on the features you’re looking for.

1 - 4 of 4

Name	Monthly Account Fee	Free Transactions	e-Transfer Fee	Bonus Offer	Offer
Simplii No Fee Chequing Account	$0	unlimited	$0	Earn $400	Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends October 31, 2024.	Go to site More Info	Compare	loading Fetching your data...
BMO Performance Chequing Account	$16.95 (can be waived)	unlimited	$0	Earn $600	Get up to a $600 cash bonus. Valid until July 2, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.	Go to site More Info	Compare	loading Fetching your data...
Coast Capital Free Chequing, Free Debit, and More Account	$0	unlimited	$1.50	Get $150	Get $150 when you become a new member and open a Free Chequing, Free Debit and More Account. Valid until June 30, 2024.	Go to site More Info	Compare	loading Fetching your data...
RBC Signature No Limit Banking Account	$16.95 (can be waived)	unlimited	$0	Get Apple Watch Series 9	Get the new Apple Watch Series 9 when you switch to RBC & open an RBC Signature No Limit Banking Account. Valid until June 3, 2024.	Go to site More Info	Compare	loading Fetching your data...

You may also be interested in these digital banks

People looking for chequing accounts may also be interested in digital banks due to the lower fees, convenience in managing your money anywhere with internet connection and for the tech-savvy features. You may also earn interest with digital banks.

Go to site Read review

Neo Money Account

4%
Interest Rate

$0
Account Fee

$0
Transaction Fee

Info
Pros + Cons
More Details

The highly-rated Neo Money account and mobile app from Neo Financial makes it easy to manage your account anytime, anywhere. Serving as a spending and saving account, you'll earn a competitive interest rate of 4%. Enjoy a $5 bonus, $0 annual fees, no minimum balance requirement and free transactions.

Comes with free Neo Money Card for transactions
$0 account fee
$0 transactions
No minimum balance

No physical branches for in-person service

Min. Age	18
Account Fee	$0
Transaction Fee	$0
Interac e-Transfer Fee	$0
NSF Fee	$0
International ATM Fee	$0

Go to site Read review

EQ Bank Personal Account

4%
Interest Rate

$0
Account Fee

$0
Transaction Fee

Info
Pros + Cons
More Details

Earn 2.50% - 4.00% interest with an EQ Bank Personal Account. Enjoy zero everyday banking fees, free transactions and no minimum balance. Plus, you can also apply for a Joint account if you're looking to save with your partner or family.

$0 account fee
$0 transactions
$0 Interac eTransfers
Earn 2.50% - 4.00% interest on your balance

No physical branches for in-person service
Some standard banking features not available such as overdraft protection, use of ATMs and the option to have paper statements

Min. Age	18
Account Fee	$0
Transaction Fee	$0
Interac e-Transfer Fee	$0
NSF Fee	$0

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