Bank Accounts
What a bank account costs over a year
Every account in this record whose published charges support it, priced over a full year at three stated patterns of use. Banks print their charges one at a time; this page adds them up into the annual figure a household actually pays, with the method and every input printed below so the figures can be checked.
The method, in full
For each account and each profile, the annual cost is twelve times the monthly cost. The monthly cost is the published monthly fee, plus the number of debits above the published included count times the published excess transaction fee, plus the number of e-Transfers times the published e-Transfer fee. In the third profile the monthly fee is zero because the profile holds the published waiver balance all year; the forgone interest on that parked balance is a real cost and is not in the figure, because the rate the balance would otherwise earn is the reader's own circumstance rather than a published charge. One NSF charge is shown as its own column rather than folded into any profile, because whether a payment bounces is not a pattern of use. A published figure is read into the model only where the institution's wording reduces to a single number: the first dollar figure in the published string, with a plain statement of free read as zero. An account whose published fields do not reduce that way is listed under the model rather than forced into it, with the field that blocked it named.
The profiles
- Light: 12 debits and 4 e-Transfers a month, balance below any waiver balance.
- Busy: 40 debits and 12 e-Transfers a month, balance below any waiver balance.
- Busy, waiver held: the busy pattern with the published minimum balance held all year, where the account publishes one.
| Account | Institution | Type | Inputs as read from the published schedule | Light, per year | Busy, per year | Busy, waiver held | One NSF, as published |
|---|---|---|---|---|---|---|---|
| TD Student Chequing Account | TD | chequing | fee $0.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $0.00 | $0.00 | no waiver published | $10.00 |
| No-Fee Daily Chequing Account | Tangerine | chequing | fee $0.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $0.00 | $0.00 | no waiver published | $10.00 |
| No Fee Chequing Account | Simplii Financial | chequing | fee $0.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $0.00 | $0.00 | no waiver published | not in the capture |
| Personal Account | EQ Bank | chequing | fee $0.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $0.00 | $0.00 | no waiver published | not in the capture |
| Core | KOHO | chequing | fee $0.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $0.00 | $0.00 | no waiver published | not in the capture |
| Basic Account | ATB Financial | chequing | fee $3.95/mo, 15 transactions included, excess $1.75, e-Transfer $0.00 | $47.40 | $572.40 | no waiver published | $10.00 |
| RBC Day to Day Banking | RBC | chequing | fee $4.00/mo, 12 transactions included, excess $1.25, e-Transfer $0.00 | $48.00 | $468.00 | no waiver published | $10.00 |
| Basic Chequing | Alterna Bank | chequing | fee $4.00/mo, 20 transactions included, excess $0.80, e-Transfer $0.80; waiver balance $1,000.00 | $86.40 | $355.20 | $307.20 | $50.00 |
| TD Every Day Chequing Account | TD | chequing | fee $11.95/mo, unlimited transactions, excess $0.00, e-Transfer $0.00; waiver balance $3,000.00 | $143.40 | $143.40 | $0.00 | $10.00 |
| Extra | KOHO | chequing | fee $12.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $144.00 | $144.00 | no waiver published | not in the capture |
| Value Chequing | Alterna Bank | chequing | fee $9.00/mo, 35 transactions included, excess $0.80, e-Transfer $0.80 | $146.40 | $271.20 | no waiver published | $50.00 |
| RBC Advantage Banking | RBC | chequing | fee $12.95/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $155.40 | $155.40 | no waiver published | $10.00 |
| Everything | KOHO | chequing | fee $14.75/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $177.00 | $177.00 | no waiver published | not in the capture |
| RBC Signature No Limit Banking | RBC | chequing | fee $16.95/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $203.40 | $203.40 | no waiver published | $10.00 |
| TD Unlimited Chequing Account | TD | chequing | fee $17.95/mo, unlimited transactions, excess $0.00, e-Transfer $0.00; waiver balance $4,000.00 | $215.40 | $215.40 | $0.00 | $10.00 |
| RBC VIP Banking | RBC | chequing | fee $30.00/mo, unlimited transactions, excess $0.00, e-Transfer $0.00 | $360.00 | $360.00 | no waiver published | $10.00 |
| Investment Savings | Alterna Bank | savings | fee $0.00/mo, 1 transactions included, excess $2.50, e-Transfer $0.80 | $368.40 | $1,285.20 | no waiver published | $50.00 |
| TD All-Inclusive Banking Plan | TD | chequing | fee $30.95/mo, unlimited transactions, excess $0.00, e-Transfer $0.00; waiver balance $6,000.00 | $371.40 | $371.40 | $0.00 | $10.00 |
| CIBC Bonus Savings Account | CIBC | savings | fee $0.00/mo, 1 transactions included, excess $5.00, e-Transfer $1.50 | $732.00 | $2,556.00 | no waiver published | not in the capture |
| Springboard Savings Account | ATB Financial | hisa | fee $0.00/mo, 1 transactions included, excess $5.00, e-Transfer $1.50 | $732.00 | $2,556.00 | no waiver published | not in the capture |
| TD Minimum Chequing Account | TD | chequing | fee $3.95/mo, unlimited transactions, excess $0.00, e-Transfer $100.00 | $4,847.40 | $14,447.40 | no waiver published | $10.00 |
Accounts the model does not price
| Account | Institution | Why not |
|---|---|---|
| RBC High Interest eSavings | RBC | Not modelled: the published capture does not reduce the included transactions and excess transaction fee to a single figure |
| RBC Enhanced Savings | RBC | Not modelled: the published capture does not reduce the included transactions and excess transaction fee to a single figure |
| RBC Day to Day Savings | RBC | Not modelled: the published capture does not reduce the excess transaction fee to a single figure |
| RBC U.S. High Interest eSavings | RBC | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| TD Every Day Savings Account | TD | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| TD ePremium Savings Account | TD | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| TD Growth Savings Account | TD | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| BMO Practical Chequing Account | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Plus Chequing Account | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Performance Chequing Account | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Premium Chequing Account | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Blue Rewards Bank Plan / Primary Chequing Account with Blue Rewards Plan | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Savings Amplifier Account | BMO | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| BMO Savings Builder Account | BMO | Not modelled: the published capture does not reduce the monthly fee and excess transaction fee and e-Transfer fee to a single figure |
| BMO Premium Rate Savings Account | BMO | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Ultimate Package | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Preferred Package | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Preferred Package for Students and Youth | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Basic Plus Bank Account | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Basic Bank Account | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Scotia High Interest Savings Account (HISA) | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| MomentumPLUS Savings Account | Scotiabank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Money Master Savings Account | Scotiabank | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Scotia U.S. Dollar Daily Interest Savings Account | Scotiabank | Not modelled: the published capture does not reduce the included transactions and e-Transfer fee to a single figure |
| Scotia Euro Savings Account | Scotiabank | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Savings Accelerator Account | Scotiabank | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| CIBC Smart Account | CIBC | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| CIBC Everyday Chequing Account | CIBC | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| CIBC US$ Personal Account | CIBC | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| CIBC eAdvantage Savings Account | CIBC | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| CIBC Premium Growth Account | CIBC | Not modelled: the published capture does not reduce the included transactions to a single figure |
| The Minimalist package (chequing account) | National Bank of Canada | Not modelled: the published capture does not reduce the excess transaction fee and e-Transfer fee to a single figure |
| The Connected package (chequing account) | National Bank of Canada | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| The Total package (chequing account) | National Bank of Canada | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Chequing Account (without a package / à la carte) | National Bank of Canada | Not modelled: the published capture does not reduce the monthly fee and included transactions and e-Transfer fee to a single figure |
| High Interest Savings Account | National Bank of Canada | Not modelled: the published capture does not reduce the monthly fee and included transactions to a single figure |
| Progress Account in CA$ (CAD Progress Account) | National Bank of Canada | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Progress Account in US$ (USD Progress Account) | National Bank of Canada | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Crescendo Account | National Bank of Canada | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Savings Account | Tangerine | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Tax-Free Savings Account | Tangerine | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| RSP Savings Account | Tangerine | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| US$ Savings Account | Tangerine | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| RIF Savings Account | Tangerine | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| High Interest Savings Account | Simplii Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| USD Savings Account | Simplii Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| 10 Day Notice Savings Account | EQ Bank | Not modelled: the published capture does not reduce the monthly fee and e-Transfer fee to a single figure |
| 30 Day Notice Savings Account | EQ Bank | Not modelled: the published capture does not reduce the monthly fee and e-Transfer fee to a single figure |
| Neo Chequing account | Neo Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee to a single figure |
| Neo Savings account | Neo Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Neo Everyday account | Neo Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Neo High-Interest Savings account | Neo Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Wealthsimple Chequing (formerly Wealthsimple Cash) | Wealthsimple | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Wealthsimple Savings Account | Wealthsimple | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| No-Fee eChequing Account | Alterna Bank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| High Interest eSavings Account | Alterna Bank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| TFSA eSavings Account | Alterna Bank | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| RRSP eSavings Account | Alterna Bank | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Unlimited Chequing | Alterna Bank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Pay As You Go Chequing | Alterna Bank | Not modelled: the published capture does not reduce the included transactions to a single figure |
| U.S. Chequing | Alterna Bank | Not modelled: the published capture does not reduce the excess transaction fee and e-Transfer fee to a single figure |
| Daily Interest Savings | Alterna Bank | Not modelled: the published capture does not reduce the excess transaction fee to a single figure |
| Youth Start Chequing | Alterna Bank | Not modelled: the published capture does not reduce the excess transaction fee and e-Transfer fee to a single figure |
| Student Life Chequing | Alterna Bank | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Oaken Savings Account | Oaken Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| TFSA Savings Account | Oaken Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| RRSP Savings Account | Oaken Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Spousal RRSP Savings Account | Oaken Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Unlimited Chequing Account | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Elevate Chequing Account | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| The Free Chequing, Free Debit and More Account® | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| US Chequing | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| High-Interest Savings Account | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Chequing® Classic Package | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Chequing® Prestige Package | Coast Capital Savings | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Pay As You Go Chequing | Vancity | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| Essential Chequing | Vancity | Not modelled: the published capture does not reduce the excess transaction fee and e-Transfer fee to a single figure |
| Essential Plus Chequing | Vancity | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Total Chequing | Vancity | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Jumpstart™ High Interest Savings | Vancity | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee to a single figure |
| Plan 24® Savings | Vancity | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| Plan 24® Savings Plus | Vancity | Not modelled: the published capture does not reduce the monthly fee and included transactions to a single figure |
| Investment Savings | Vancity | Not modelled: the published capture does not reduce the monthly fee to a single figure |
| No-Fee Chequing | Conexus Credit Union | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Savings | Conexus Credit Union | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Freedom Account | ATB Financial | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| Generation Account | ATB Financial | Not modelled: the published capture does not reduce the e-Transfer fee to a single figure |
| US Dollar Chequing Account | ATB Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| ATB Climber Savings Account | ATB Financial | Not modelled: the published capture does not reduce the included transactions to a single figure |
| US Dollar Savings Account | ATB Financial | Not modelled: the published capture does not reduce the included transactions and excess transaction fee and e-Transfer fee to a single figure |
| Tax-Free Saver Account | ATB Financial | Not modelled: the published capture does not reduce the monthly fee and included transactions and excess transaction fee and e-Transfer fee to a single figure |
The schedules themselves, in each institution's own wording, are on the bank accounts pages. Figures are modelled from the capture of 2026-11-15 and are arithmetic on published charges, not quotes: an institution can change its schedule, and the capture date is the model's date.