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Premium chequing accounts in Canada are designed for people who want more from a bank account than basic everyday banking. They usually pair branch access with stronger perks, fewer usage limits, and a fee structure that makes sense only if you can actually use the account’s benefits. The best premium accounts are the ones that balance convenience, bundled value, and a waiver or other offset that fits your banking habits.
- Unlimited debit transactions and free Interac e-Transfers
- First cheque book free; 6 free bank drafts per year
- Up to $48/year credit card annual fee rebate
- Free international money transfers
- Open by November 2, 2026 and get the new iPad
- Unlimited transactions and free Interac e-Transfers
- Up to $120/year credit card annual fee rebate on eligible RBC cards
- Preferred USD exchange rates on cross-border transactions
- Free personalized cheques and 12 free bank drafts/year
- Open by November 2, 2026 and get the new iPad
Best premium chequing accounts in Canada
Premium chequing accounts should be judged on the same core questions as any other chequing account, but with more attention on what you get in return for the higher-cost structure. Some plans are built around branch convenience, others around relationship benefits, and others around extra perks such as credit card rebates, draft privileges, or preferred foreign exchange treatment. The best account for you is usually the one whose value you can actually use rather than the one with the longest feature list.
Scotiabank Ultimate Package
TD All-Inclusive Banking Plan
CIBC Smart Account
BMO Premium Plan Chequing Account
Bonus offers verified July 2026. Verify current offers and minimum balance requirements directly with each bank before applying.
What to compare before opening a premium chequing account
The most important comparison points are the value you get for the fee structure and how closely the account matches the way you actually bank. If you rarely use branch services, a premium account may not be worth the extra cost. If you do use a bank heavily, the right plan can be more convenient than juggling separate accounts for everyday banking, drafts, foreign currency needs, and card perks.
Premium account criteria
- Fee waiver structure. Look at whether the account can realistically be offset by your balance or by the way you already bank.
- Everyday usability. A premium account should still be simple for normal spending, transfers, and bill payments.
- Branch and service access. These accounts usually make the most sense when you expect to visit a branch or want a live person to solve problems.
- Bundled benefits. The main reason to choose premium chequing is usually the extra value tied to the account, such as card rebates, drafting privileges, or relationship pricing.
- Fit with your wider banking setup. A premium account can be a good hub if you keep your other products at the same bank and actually use the linked benefits.
How we chose these accounts
We compared the premium accounts using the same framework as the main chequing roundup: total cost after waiver, minimum balance requirement, transaction allowance, e-Transfers, branch access, and the value of any sign-up bonus or bundled banking perk. The ranking is designed to help readers find the best fit for their banking habits, not to imply every account is the right choice for every Canadian.
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