Hate paying bank fees as much as I do? There's an alternative to paying $10-$15 per month just to open a chequing account...and I share 5 banks in Canada that offer free chequing accounts with no fees at all.
And I mean none of that "We'll waive the fee if you maintain a minimum balance" stuff. Nope, with any of these online Canadian banks (which are all CDIC insured, so totally safe), you can open a chequing account and pay zero monthly fees. Remember, the fewer fees you pay, the more money in your pocket to save, invest or just spend on something better than bank fees!
In this video, I go walk you through the following banks:
-Alterna Bank
-Motive Financial
-Motusbank
-Simplii Financial
-Tangerine (get $50 with code 35764439S1 when you sign up)
There are more region-specific credit unions and lesser known banks that may fall into the category of no-fee banks in Canada, but I wanted to focus on banks that were online and accessible nationwide. That being said, Motive Financial, Motusbank and Simplii Financial are not available in Quebec (sorry!). Alterna Bank and Tangerine are though.
HELPFUL RESOURCES
➡️ No-fee banks in Canada blog post: https://jessicamoorhouse.com/no-fee-banks-canada-free-chequing-accounts/
➡️ High-interest savings accounts in Canada video: https://www.youtube.com/watch?v=tf17TzIJVF8
➡️ High-interest savings accounts in Canada blog post: https://jessicamoorhouse.com/high-interest-savings-accounts-in-canada/
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada, speaker, blogger, YouTuber, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into my full-time business so I could spend all my time teaching others how they can take control of their lives by taking control of their money. To learn more, check out my website https://jessicamoorhouse.com
#canadianpersonalfinance #chequingaccounts #personalfinance
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The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/
