FinanceHero / Canada / Banking
See fees, balance requirements, ATM costs, cards and digital access side by side.
Chequing accounts
| Account | Balance / monthly fee | ATM / transfers | Card / app | Eligibility | Key caveat |
|---|---|---|---|---|---|
Tangerine BankNo-fee daily Chequing Account | Opening: Not availableMinimum: CAD 0No monthly account fee or minimum balance. | ATM: Scotiabank ABMs free; other Canadian ABMs CAD 1.50; non-alliance overseas ABMs CAD 3. Operator charges may apply.Transfers: Interac e-Transfer transactions free. | Debit card: YesApp: Yes | Canadian resident age 16+; valid email and electronic communications required. | Non-standard transactions cost extra. Foreign-currency conversion adds 2.5%; current interest tiers were not available. |
Simplii Financial (CIBC)No Fee Chequing Account | Opening: Not availableMinimum: Not availableNo monthly account fee. | ATM: Free access to CIBC ATMs in Canada; other ATM fees not verified.Transfers: Send, request and receive Interac e-Transfers free. | Debit card: YesApp: Yes | Banking services are unavailable in Quebec; identity verification required. | Digital banking service from CIBC. Special services and non-CIBC ATM use may incur charges; welcome bonuses excluded. |
Checked: 7 Oct 2026 · Sources: tangerine.ca · simplii.com
Fees may exclude statutory charges.