Which Canadian bank has no monthly fee?

Simplii Financial, Tangerine, and EQ Bank all offer no-fee chequing accounts with $0 monthly fees, unlimited transactions, and free Interac e-Transfers. Simplii gives free access to ~3,400 CIBC ATMs; Tangerine gives free access to ~3,500 Scotiabank ATMs; EQ Bank reimburses fees at any Interac ATM in Canada.

What is the best high-interest savings account in Canada?

EQ Bank consistently offers one of the best everyday savings rates in Canada with no minimum balance and no monthly fees. Tangerine and Simplii offer competitive promotional rates for new deposits. For locked-in savings, GICs at EQ Bank and Oaken Financial offer 4%+ on 1-year terms in 2026.

How do I find my Canadian bank routing number?

Canadian bank routing uses an 8-digit EFT code: 0 + your 5-digit transit (branch) number + your 3-digit institution number. Find your transit and institution numbers on a void cheque, in your banking app under Account Details, or by calling your bank. Key institution numbers: RBC 003, TD 004, BMO 001, Scotiabank 002, CIBC 010, Tangerine 614, EQ Bank 623.

Are Canadian online banks safe?

Yes. Simplii Financial, Tangerine, and EQ Bank are all CDIC member institutions. Deposits are federally insured up to $100,000 per depositor per deposit category. Simplii is backed by CIBC; Tangerine is backed by Scotiabank; EQ Bank is backed by Equitable Bank, a Schedule I federally regulated bank.

What is the NSF fee at Canadian banks in 2026?

NSF (Non-Sufficient Funds) fees at most Canadian banks are $45–$48 per returned item in 2026. RBC, TD, Scotiabank, CIBC, and BMO each charge $48. Tangerine and Simplii charge approximately $45. EQ Bank charges $0 — it simply declines the transaction rather than allowing it and charging a fee.

Canadian Banking Guides 2026 — Banks, Fees, Rates & Routing Numbers

Canada's most complete banking guides — fees, limits, routing numbers, GIC rates, and chequing account comparisons for every major bank in 2026.

Big 5 Banks

RBC Royal Bank

RBC fees, e-Transfer limits, ATM limits, routing number, wire transfers, and branch hours.

TD Canada Trust

TD fees, e-Transfer limits, ATM limits, routing number, wire transfers, and branch hours.

Scotiabank

Scotiabank fees, e-Transfer limits, ATM limits, routing number, wire transfers, and hours.

CIBC

CIBC fees, e-Transfer limits, ATM limits, routing number, wire transfers, and branch hours.

BMO Bank of Montreal

BMO fees, e-Transfer limits, ATM limits, routing number, wire transfers, and branch hours.

No-Fee Online Banks

EQ Bank

EQ Bank savings rate, GIC rates, fees, e-Transfer limits, ATM reimbursement, and mobile deposit.

Tangerine Bank

Tangerine fees, savings rate, e-Transfer limits, ATM limits, routing number, and mobile deposit.

Simplii Financial

Simplii fees, savings rate, e-Transfer limits, CIBC ATM access, routing number, and mobile deposit.

EQ Bank vs Tangerine vs Simplii

Full side-by-side comparison of Canada's three largest online banks for 2026.

Chequing Accounts

Chequing Account Hub

Compare all Canadian chequing accounts — fees, waiver thresholds, and ATM networks.

Best Chequing Accounts Canada 2026

Full comparison of free and Big 5 chequing accounts with fee and feature tables.

Chequing vs. Savings Account

Key differences, when to use each, and how to pair them for maximum interest.

Chequing Account Fees Canada

NSF fees, monthly fees, ATM fees, stop payment, and overdraft costs at every major bank.

How to Open a Chequing Account

Step-by-step guide including ID requirements, online vs. in-branch, and newcomer options.

Savings, GICs & HISAs

Savings Hub

Best HISAs, GIC rates, TFSA savings accounts, and GIC laddering strategies for 2026.

Best HISAs Canada 2026

Compare the best high-interest savings account rates across all major Canadian banks.

Best GIC Rates Canada 2026

Current GIC rates by term and provider — Big 5 vs. online banks vs. credit unions.

GIC Guide Canada

How GICs work, cashable vs. non-redeemable, TFSA/RRSP GICs, and GIC laddering.

Banking Basics

Banking Basics Hub

Transit numbers, institution numbers, EFT routing, NSF fees, and overdraft — all explained.

What Is a Transit Number?

What the 5-digit branch transit number is, where to find it, and how it's used.

What Is an Institution Number?

3-digit institution numbers for RBC, TD, BMO, CIBC, Scotiabank, Tangerine, and EQ Bank.

Canadian Bank Routing Numbers

EFT routing format, SWIFT codes, and routing number guides for all major Canadian banks.

NSF Fee Canada 2026

NSF fees by bank, what triggers them, how to avoid them, and how to get them waived.

Overdraft Protection Canada

Cost of overdraft protection, interest rates, and cheaper alternatives for 2026.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy