Best Chequing Accounts in Canada 2026 - November 2026

With the BMO Performance Chequing Account, you can get up to $900 in cash* and up to 12 months of Walmart Delivery Pass subscription*:

• $700 for opening a BMO Performance or Premium Chequing Account by November 2, 2026, setting up a recurring direct deposit of $500 or more by December 31, 2026, and completing eligible banking activities.
• $150 for opening a Savings Amplifier Account by November 2, 2026 with a deposit of $10,000 or more within 30 days of opening the account and maintaining an eligible balance to receive the promotional interest rate of 5.00%.
• An additional $50 by creating a goal and applying a strategy in My Financial Progress by December 31, 2026.
• Up to 12 months of Walmart Delivery Pass subscription when you open and fund an eligible BMO account and use your debit card as the payment method.

Also enjoy a promotional interest rate of 5.00% with a BMO Savings Amplifier Account.

Other Benefits:

• Unlimited banking transactions*
• Family members in your household get no fee daily banking with the BMO Family Bundle*
• Up to $40 rebate for eligible BMO credit cards*
• OnGuard^®† Identity Theft Protection at no charge*

All for $17.95 a month, or free if you maintain a minimum balance of $4,000*.

Right now, when you open a new Scotiabank Ultimate Package, you can earn up to $1,000 in bonuses!

To get a $700 bonus, you must open a new Ultimate or Preferred Package and, within 60 days:

• Set up a recurring direct deposit (such as payroll or pension) that recurs every month for 6 consecutive months; and
• Complete one of the following: a pre-authorized debit of at least $50 per month for 6 consecutive months, a bill payment of at least $50 in your online banking, or a Visa Debit purchase with your ScotiaCard

Then, you can earn a $200 bonus by opening a new Money Master savings account and maintaining your enrollment in a smart savings tool (Pay Yourself First or Find the Money) for 90 consecutive days.

Finally, you’ll earn a $100 bonus by applying and being approved for an eligible credit card of which you are the primary cardholder, and then making at least one eligible purchase on it.

Scotiabank’s Ultimate Package includes a number of attractive benefits:

• Waiver of annual fees (up to $150) on certain credit cards such as the Scotiabank Passport Visa Infinite +* Card or Scotia Momentum Visa Infinite.
• Unlimited free Global non-Scotiabank ABM withdrawals
• Unlimited debit transactions
• Unlimited free international money transfer transactions
• Unlimited Interac e-Transfer transactions
• No monthly Overdraft Protection fee
• Free personalized cheques and drafts
• Get Scene+ points
• No monthly account fee on a Scotia U.S. Dollar Daily Interest Account
• $80 annual rebate on the rental of a small safe deposit box

The EQ Bank Personal Account (formerly called Savings Plus Account) is a no-fee account that offers a generous interest rate of up to 2.75%* with recurring direct deposits of $2,000 or more per month (1.50% otherwise):

• 1.50% interest on everyday banking services;
• Up to 2.75% interest when you set up direct deposit of $2,000 or more per month for your pay.

This account also offers several free features, such as:

• Interac transfers;
• Daily operations;
• Bill payments;
• Deposits and withdrawals.

Finally, there is no minimum balance required for this type of account.

With the Neo Chequing account (formerly Neo Money Account), you earn up to 6% cash back:

• 6% on average at restaurants, bars, and cafés
• 4% on your favorite apps (Netflix, Disney+, Crave, Apple, Uber, Lyft, SkipTheDishes, DoorDash and UberEats)
• 1% on gas and groceries

Discover the Wealthsimple Chequing Account, a chequing account with an interest rate of up to 2.25%, with no monthly fees or minimum balance required.

With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.

• You can earn 1.25% interest on your account balance
• Wealthsimple Premium and Generation clients can earn an even higher interest rate of up to 2.25%
• No fees for everyday banking services (e.g. no monthly fee, no FX, ATM, or Interac fees)
• $1M in CDIC coverage (10x the average)
• Deposit cash at any Canada Post location with instant deposits
• Daily Interac e-Transfer limit of up to $25,000
• Earn up to 3.5% interest on your USD savings

Enjoy unlimited transactions and protection for eligible deposits of up to $1,000,000. Open multiple accounts to easily manage your various financial goals.

Tangerine offers a chequing account with no monthly fees and no minimum balance, ideal for simplifying your day-to-day finances.

In addition, new customers get up to a $250 bonus:

• Receive $250 by depositing your eligible paycheque into a new Tangerine chequing account for at least 2 months;
• The offer ends April 30, 2027.

Here are the main features of the Tangerine No-Fee Daily Chequing Account:

• No monthly fees or minimum balance required
• Unlimited transactions and Interac transfers
• User-friendly mobile application to manage your operations
• Earn up to an additional $300 per year by referring friends and family

Enjoy free access to 3,500+ Scotiabank ABMs in Canada and 44,000+ ABMs worldwide through Scotiabank’s Global ATM Alliance, and earn interest on your chequing balance.