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What is the best Bank in Canada which I open an account without paying any fees?

bistolfi49

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Mar 21, 2011
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I would like to open a bank account in Canada, but they all have monthly fee.
For example RBC has different type of Chequing Accounts and they all have monthly fee.
Currently I am in Europe and my Bank offers me everything as Free:
-I have one credit card (free)
-One debit card (Bancomat) which works with all ATM's in Euro zone (totally free and I can withdraw cash everywhere in europe with no commission)
-unlimited internet transactions as free
-I must mention that I didn't use any other bank products from this bank

Is there something similar?
 

qorax

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Nov 21, 2009
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bistolfi49 said:
I would like to open a bank account in Canada, but they all have monthly fee.
For example RBC has different type of Chequing Accounts and they all have monthly fee.
Currently I am in Europe and my Bank offers me everything as Free:
-I have one credit card (free)
-One debit card (Bancomat) which works with all ATM's in Euro zone (totally free and I can withdraw cash everywhere in europe with no commission)
-unlimited internet transactions as free
-I must mention that I didn't use any other bank products from this bank

Is there something similar?
With banks? -None.

With PC Financial: -There is. They have a "No Fee" Chequing A/c. But then, PCF is not a bank, rather a 'financial institution' of a large superstore chain. Thus, many of the banking services/products r not available with them -- which, sometimes could be a deal-breaker. However, many ppl here also maintain a PCF A/c, read that "also" -- b'coz they do have a conventional banking a/c as well elsewhere.

Qorax
 

amikety

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If you go to Sobey's, pick up a booklet for the BMO/Sobey's checking account. If you link a Sobey's club card to the account, there is no monthly fee, no debit fees, and you get the first book of checks for free. The only time I have ever paid a fee on this account was when I had to withdraw cash at a non-BMO atm (because my DMP didn't tell me they only took cash when I arranged my exam! Grr!).

There are some fees with the account, but if you do most banking online and get your statements emailed to you, you can avoid most of them. They offer other accounts too if you ever need more. You can do your banking at your local BMO branch, use their atms, and their website for banking.

http://www.bmosobeys.com/en/Chequing/Features-And-Benefits.aspx

I also got about $20 worth of free groceries for signing up.
 

Centaur

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Jun 26, 2012
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Check this out, along with others and make a choice which suits best to your requirements.

http://www.scotiabank.com/ca/en/0,,2468,00.html

Best.