• Best No Fee Chequing Accounts in Canada

    Below we have ranked the absolute best no fee chequing accounts in Canada. Only a few of Canada's banks provide a true no fee chequing account for Canadians, other banks require that you meet a minimum balance each month, or sign up for multiple products to qualify for free chequing. Banks such Tangerine as offer a true free daily chequing account, whereas other major banks like RBC, CIBC, Scotiabank, BMO and TD Canada Trust have some requirements Canadians must meet to qualify for a no fee daily chequing account.

    Tangerine No Fee Daily Chequing

    This truly free chequing account offered by Tangerine Bank is currently the best no gimmick, no fee bank accounts offered in Canada. Tangerine is a very popular bank in Canada, formerly ING and has built its reputation on offering simple to use bank accounts that are free and easy. This chequing account offers unlimited transactions, ability to use the Scotiabank ATM network for free, Depositing of cheques using a smart phone, and even pays some decent interest on balances in your chequing account which almost no other bank is currently doing. Full Tangerine No Fee Chequing Account Review

    TD Canada All Inclusive Free Chequing

    TD Canada Trust offers 4 different no fee chequing accounts for Canadians. These accounts do require minimum balances between $2,000-$5,0000 to avoid the fees attached to each account. If you don't meet the minimum balance in a given month you will be charged the monthly fee. These accounts really do offer the most features compared to any other bank. Free safety deposit boxes, certified cheques, e-transfers, rebates on credit cards, and so much more. Depending on how much banking you need to do TD has a chequing account with no fee for you. Full TD Canada Trust No Fee Chequing Accounts Reviewed

    RBC Unlimited No Fee Chequing Account Canada #4

    offers Canadians a number of daily chequing accounts where you can qualify to have the monthly fee waived if you are also enrolled in additional RBC financial products. For instance, if you enroll for a RBC Visa Card, Mortgage, Line of Credit, or most Investment products you will have the fee waived for the chequing account of your choice. The normal fee for the RBC No Limit Chequing account is normally $10.95 for those who are not enrolled in two eligible products. With this account clients can process unlimited transaction online and at RBC machines absolutely free. Full RBC No Limit Chequing Account Review

    BMO Performance No Fee Unlimited Chequing Account Canada #3

    BMO (Bank of Montreal) offers a series of chequing accounts that Canadians can use with no fees, but you must maintain a monthly minimum balance. The BMO Performance Chequing account allows for unlimited online and BMO ATM transactions along with 1 free non BMO bank machine withdrawal and two free Interact email money transfers each month. One of the best perks of banking at BMO is that you earn Air Miles on debit purchases. BMO clients earn 1 Air Mile for every $40 spent using their debit card. Normally this account has a monthly fee of 13.95 a month, but if you maintain an average monthly balance of $3,000 or more you will not be charged a fee for this account. Full BMO Performance Chequing Account Review

    Scotia One Unlimited No Fee Chequing Account Canada #5

    Scotiabank offers a number of chequing accounts to Canadians that carry a monthly fee. These fees however can be waived should you maintain a minimum balance for each account choice. The Scotia One Unlimited Chequing account is a great no fee chequing account option. The fee for this account is normally $9.95 but this fee is waived for clients with an average monthly balance of $3,500. Scotia offers many other chequing accounts with lots of transactions where fees can be waived for balances as low as $1,500. Full Scotia Bank No Fee Chequing Review