*Note: This page was updated on September 10th, 2020. This information on the Best Online Chequing Accounts is subject to change and it’s important to verify the details before you open an account.

Here’s a list of the best online chequing accounts that are offered in Canada. As always, if you enjoy this article, please take the time and become acquainted with our unique and non-biased Financial Literacy Coaching Sessions here.

Both online chequing accounts offer unlimited usage with no monthly fee, however Simplii Financial is the preferred option as they offer unlimited free cheques and other slightly lower fees.

As always, thanks for reading, and if you have any questions please contact me at info@ffcoach.ca or 647-289-0012. 

Comparison of Online Chequing Accounts

No Fee Daily Chequing Account

• Unlimited Transactions
• Free ATM access at 3,500 Scotiabank locations
• Unlimited e-transfer
• 50 free cheques
• 24/7 customer service
• 1 free replacement card and $15 for each additional one
• Overdraft available for a usage fee of $5 plus interest (annual rate of 19.99%)

No Fee Chequing Account

• Unlimited Transactions
• Free ATM access at 3,400 CIBC locations
• Free cheques
• 24/7 customer service
• 1 free replacement card a year and $4.97 for each additional
• Overdraft available for a usage fee of $4.97 plus interest (annual rate of 19.99%)