Home » Banking » Top Four Chequing Accounts In Canada

Top Four Chequing Accounts In Canada


You want to make payments via the traditional cheque clearance route, or you want to withdraw cash from the ATM. For all your basic banking needs, you will need a chequing account. We cover the four best chequing accounts loaded with features and offers. So, keep reading and choose your best bank account.

Four Chequing Accounts in Canada

Source: Freepik

The Best 5 

Below is a list of the five best chequing accounts in Canada:  

1. Scotia Bank–Ultimate Package Chequing Account  

Presently, it is one of the best chequing accounts offered in Canada. It provides you with several benefits and serves all your banking needs. Let us now read about some of its best features: 

2. BMO Performance Chequing Account  

BMO bank offers one of the most recommended chequing accounts in Canada. A performance chequing account offers several advantages and benefits, offered below. 

3. Tangerine No-Fee Daily Chequing Account  

This account offers you a cashback of up to $400 besides paying you a savings interest rate of 2.75% per annum (for the first five months). Let us explore this account and learn about some of its best features: 

4. RBC (Royal Bank of Canada) Day-To-Day Banking Chequing Account  

RBC presents the preferred basic chequing accounts. You get this account by paying only a monthly fee of $4. Further, they will waive off this monthly fee (full or partial), if:  

  • You are a senior citizen  
  • You are a beneficiary of an RDSP (Registered Disability Savings Plan)  
  • You have owned two or more eligible RBC products in your region  

Further, you get to enjoy the following benefits: 

Best Chequing Accounts in Different Categories  

There are loads of bank customers, and everybody has a different need. If you are a student, you might need an account with zero monthly fees, and if you are a senior citizen, a high-interest paying account attracts you more.  

Thus, we present you with a list of some of the best chequing accounts based on specific categories of customers: 

Category Chequing Account Major Feature Monthly Fees 
Best for Students Scotia Student Banking Advantage Plan You will get a cash bonus of $60 upon opening this account $0 
Best for Enjoying Perks Scotia Basic Plus You can earn SCENE and Scotia Reward Points $0, if you maintain a minimum monthly balance of $3,000 Otherwise, it is $11.95 per month 
Best for Affordability  RBC Day to Day No minimum balance required $4 
Best for Senior Citizens BMO Practical Plan No minimum balance, 12 free transactions $0 

About Post Author

Leave a Reply

Your email address will not be published. Required fields are marked *