Best Student Chequing Accounts

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*Note: This page was updated on June 25th, 2020. This information on the best student chequing accounts is subject to change and it’s important to verify the details before you open an account.

Important to Have the Right Student Account

Having the wrong student account can cost you lots of hard earned dollars. Many of us are shocked when we actually see how much money the banks charge us a month, but this thankfully doesn’t have to be the case!

If you pick the right bank account then you can use your funds for more important things like travelling the world, funding your education or going out with friends.

The Best Student Bank Accounts

In our opinion, the best student account is Scotiabank’s Student Banking Advantage Plan. This no-fee account offers unlimited transactions, unlimited e-transfers, and the ability to receive Scene points for free movies.

Another great option is CIBC’s Smart for Students – offering unlimited free transactions and unlimited e-transfers.

Other options are Simplii or Tangerine Bank, but these banks have much fewer physical locations and it can be difficult to get help when you need it. You can find more about online accounts here.

A complete list of student chequing accounts can be found below.


Student Banking Advantage Plan

  • No monthly fees
  • Unlimited Transactions
  • Unlimited e-transfers
  • Earn Scene Points
  • Website Link

CIBC Smart for Students

  • No Fee
  • Unlimited Transactions
  • Unlimited e-transfers
  • Website Link

TD’s Student Account

  • No fee
  • 25 Monthly Transactions/$1.25 for each extra
  • Unlimited e-transfers (within transactional limits)
  • Website Link

BMO’s Plus Plan

  • No fee
  • 25 Monthly Transactions/$1.25 for each extra
  • Unlimited e-transfers
  • Unlimited option for a monthly fee of $5 
  • Website Link

Royal Bank’s Student Banking

  • No fee
  • 25 Monthly Transactions and $1.25 for each extra
  • Unlimited e-transfers
  • Website Link

If you have any further questions, please don’t hesitate to contact me at info@ffcoach.ca or 647-289-0012. You can also find more about us here and can sign-up to our newsletter below.

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