It’s 2025 and you shouldn’t be paying any fees for a bank to hold your money or perform daily transactions!
A Chequing Account is the first bank account most people open when they become adults. It’s your daily transactional account and most of your money passes through this account.
The Best No-Fee Chequing Accounts at a Glance
Tangerine No-Fee Daily Chequing Account:
This is a great no-fee chequing account, it is the account I currently use and I have been using it for the past 3 years. It’s a subsidiary of Scotiabank and a great digital bank. You have free access to Scotibank’s ATMs and zero fees. You get a Tangerine Debit Visa Card and your first chequebook free with the account.
Simplii No Fee Chequing Account:
This is another great no-fee checking account that I recommend. They always have a great promotion ongoing and the user experience is really good. It is a subsidiary of CIBC and you have free access to its ATMs. You get a Simplii Debit Mastercard with this account.
Neo Money Account:
Neo also has its version of a no-fee chequing account with the everyday spending money account and you can add a Neo money Mastercard to your account. I love using the Neo Money High-Interest Savings Account.
EQ Bank Personal Account:
The EQ Bank Personal Account is another great option and this account is like a hybrid account with an opportunity to get up to a 4% interest rate. You can also get the EQ Bank Mastercard.
Wealthsimple Cash:
The Wealthsimple Cash can also be used as a no-fee chequing with the Wealthsimple card. This offers a hybrid account with high interest rates.
