Compare the top chequing accounts in Canada. Unlimited transactions, free Interac e-Transfers, no-fee options, and welcome bonuses.
Scotiabank · chequing
Chequing account from scotiabank with standard terms.
RBC · chequing
It offers unlimited transactions. Current offer: Get the new Apple Watch.
BMO · chequing
The BMO Performance Chequing Account costs $18/month but the fee is waived with a $4,000 minimum balance. It offers unlimited transactions. Current offer: Up to a $800 cash bonus*.
Waived at $4,000
RBC · chequing
It offers unlimited transactions. Current offer: Get $100.
RBC · chequing
It offers unlimited transactions. Current offer: Get the new Apple Watch.
BMO · chequing
It offers unlimited transactions. Current offer: Up to $800* cash.
BMO · chequing
The BMO Premium Chequing Account costs $31/month but the fee is waived with a $6,000 minimum balance. It offers unlimited transactions. Current offer: Up to a $800 cash bonus*.
Waived at $6,000
RBC · chequing
The RBC Ultimate Business Account Package costs $100/month but the fee is waived with a $75,000 minimum balance. It offers unlimited transactions.
Waived at $75,000
RBC · chequing
It offers unlimited transactions.
Complete Guide
Your chequing account is the hub of your daily finances — bills, e-Transfers, debit purchases, payroll deposits, and pre-authorized debits all flow through it. The best chequing accounts in Canada offer unlimited transactions, free Interac e-Transfers, a large ATM network, and no monthly fee (or a fee waiver against a minimum balance).
Digital banks (Tangerine, EQ Bank, Simplii) typically waive every fee with no minimum balance. Big six (RBC, TD, Scotiabank, BMO, CIBC, National Bank) offer broader branch and ATM coverage and waive fees only against a $3,000–5,000 minimum balance — but they bundle premium perks like free certified cheques, safety deposit boxes, and credit card fee rebates.
Most chequing accounts run rotating welcome promos worth $300–$500 in cash when you switch your direct deposit and complete a few qualifying transactions. The math almost always favours switching every 12–18 months.
FAQ
