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Best chequing accounts in Canada for May 2023

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

Promoted for: Everyday Account

Promoted

Neo Money Account


  • Earn 2.25% interest on every dollar
  • Earn an average of 5% cashback on spending
  • No transaction fees
  • No monthly fee
  • No minimum balance requirements

Promoted for: Free Account

Simplii No Fee Chequing Account


  • Earn a $400 bonus
  • $0 Account Fee
  • Unlimited free transactions
  • $0 Interac e-Transfers
  • No minimum balance requirements

Promoted for: Premium Account

BMO Performance Chequing Account


  • Earn a $350 bonus
  • Get $50 when you add a second member
  • Unlimited free transactions
  • $0 Interac e-Transfers
  • Monthly fee waived on $4,000+ balances
Promoted
BMO Performance Chequing Account
Earn a $400 welcome bonus and enjoy unlimited free transactions and e-Transfers. No monthly account fee and no minimum deposit required.

Compare chequing accounts

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

1 - 5 of 5
Name Product Monthly Account Fee Free Transactions e-Transfer Fee Bonus Offer Offer
Simplii No Fee Chequing Account
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 June 30, 2023.
BMO Performance Chequing Account
BMO Performance Chequing Account
$16.95 (can be waived)
unlimited
$0
Earn $400
Earn $350. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 3, 2023. Plus, earn a 4% bonus interest rate when you add a Savings Amplifier Account.
Coast Capital Free Chequing, Free Debit, and More Account
Coast Capital Free Chequing, Free Debit, and More Account
$0
unlimited
$1.50
Earn $400
Earn $400 when you become a new client. Plus, pay no monthly fees. Offer ends June 30, 2023.
RBC Signature No Limit Banking Account
RBC Signature No Limit Banking Account
$16.95 (can be waived)
unlimited
$0
Get an iPad Pro
Switch to an RBC Signature No Limit Banking Account and complete the criteria to receive an iPad Pro. Valid until July 31, 2023.
National Bank Connected Account
National Bank Connected Account
$15.95 (can be waived)
unlimited
$0
N/A
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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.

Neo Money Account

2.25%
Interest Rate
$0
Account Fee
$0
Transaction Fee
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 2.25%. 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

EQ Bank Savings Plus Account

2.5%
Interest Rate
$0
Account Fee
$0
Transaction Fee
Earn 2.50% interest with an EQ Bank Savings Plus 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% 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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