Banking and Chequing Accounts in Canada
Chequing accounts, fees and deposit insurance.
Everyday banking is where small fees add up quietly. This hub is for Canadians choosing a chequing account, comparing big banks with online banks and fintechs, or checking whether their deposits are protected.
Start with the no-fee chequing guide, then the CDIC coverage guide, which explains how deposit insurance works and how to protect more than the per-category limit. Fees and features come from the bank's own pages with the date checked, and CDIC rules link to CDIC.
For savings rather than spending money, see the savings accounts and GICs hub.
What this hub helps you decide:
- Which chequing account has no fees for me?
- Is my money covered by CDIC?
- Online bank or big bank?
- How do I protect more than the coverage limit?
Updated November 2026 · 2 guides by Andrew
Start here
- Best No-Fee Chequing Accounts in Canada (2026)
- CDIC Coverage Explained: How to Insure More Than $100,000
New to budgeting & saving? Read the overview first: A High-Performance Cash Flow System for Canadian Households.
All Banking & Accounts guides
CDIC Coverage Explained: How to Insure More Than $100,000
CDIC insures eligible deposits up to $100,000 per category, including interest. A second category or a second member is how a larger balance is covered.
Best No-Fee Chequing Accounts in Canada (2026)
Simplii, EQ Bank, and Wealthsimple each advertise no monthly fee. They differ on ATMs, the interest hurdle, and which CDIC member holds the dollar.