A no-fee account if you're just starting to save for the future and don't know what your savings habits will be like. Please note:
- Effective February 16, 2021, the minimum e-Transfer send amount was reduced to $0.10 (was $10).
- Effective June 1, 2021, transaction overlimit fees will increase to $1.50 (was $1.25).
Common fees associated with this account:
- $1.25 withdrawals, point-of-sale purchases (once transaction limit reached)
- $1.50 per Interac e-transfer
- $1.25 per online bill payment or automated fund transfer (once transaction limit reached)
- $1.50 per non-credit union ATM withdrawal in Canada