N/A
Earn $500 when you open and fund a new BMO Performance or Premium Plan Chequing Account by June 1, 2026.
CA$17.95
CA$4,000 to waive monthly fee
Unlimited transactions
The BMO Performance Chequing Account stands out as the top choice because it offers unlimited transactions at a competitive monthly fee, which can be waived by maintaining a minimum balance. Additionally, the attractive cash bonus for new customers enhances its value, making it an excellent option for those who prioritize flexibility in their banking.
Pros:
- Unlimited transactions
- Cash bonus available
Cons:
- Monthly fee if balance is not maintained
N/A
Earn $500 when you open and fund a new BMO Performance or Premium Plan Chequing Account by June 1, 2026.
CA$30.95
CA$6,000 to waive monthly fee
Unlimited transactions
What sets the BMO Premium Chequing Account apart is its additional perks, including worldwide ATM fee waivers and credit card fee rebates, making it ideal for frequent travelers. While it comes with a higher monthly fee, the benefits provided can justify the cost for those who utilize them.
Pros:
- Unlimited transactions
- Premium perks
Cons:
- Higher monthly fee
3.TD Unlimited Chequing Account
TD Canada Trust
0.00% interest rate
Get $500 by opening a TD Unlimited Chequing Account or TD All-Inclusive Banking Plan by June 3, 2026.
CA$17.95
CA$4,000 to waive monthly fee
Unlimited transactions
The standout feature here is the unlimited transactions offered at a reasonable monthly fee, which can be waived by maintaining a minimum balance. This account is particularly appealing for those who frequently use TD ATMs, as it eliminates additional fees for ATM withdrawals.
Pros:
- Unlimited transactions
- No fees at TD ATMs
Cons:
- No interest on balances
4.Scotiabank Preferred Package
Scotiabank
0.00% interest rate
Earn up to a $700 cash bonus with a new Scotiabank Ultimate or Preferred Package by meeting specific requirements.
CA$16.95
CA$4,000 to waive monthly fee
Unlimited transactions
This account shines for its combination of unlimited transactions and a generous cash bonus for new customers. The low monthly fee, which can be waived with a minimum balance, makes it a solid choice for those looking for everyday banking without excessive costs.
Pros:
- Unlimited transactions
- Cash bonus available
Cons:
- Monthly fee if balance is not maintained
5.Simplii No Fee Chequing Account
Simplii Financial
0.01% interest rate
Earn $300 and a $50 Skip gift card when you open a No Fee Chequing Account.
CA$0
N/A
Unlimited transactions
The Simplii No Fee Chequing Account is the best option for those seeking a completely fee-free banking experience. With no monthly fees and a cash bonus for new clients, it provides excellent value, especially for individuals who prefer to avoid traditional banking costs.
Pros:
- No monthly fees
- Cash bonus available
Cons:
- Low interest rate
6.Tangerine No-Fee Daily Chequing Account
Tangerine
0.01% to 0.10% interest rate
Earn a $250 cash bonus when you switch your paycheque deposits to a Tangerine No-Fee Daily Chequing Account.
CA$0
N/A
Unlimited transactions
A key differentiator is the tiered interest rate structure, which allows account holders to earn interest on their balances. This account is particularly attractive for those who want a no-fee solution while still benefiting from interest earnings.
Pros:
- No monthly fees
- Cash bonus available
Cons:
- Interest rate varies
7.CIBC Smart Account
CIBC
N/A
Earn up to $850 in total value with a new CIBC Smart Account by setting up direct deposits.
CA$16.95
CA$4,000 to waive monthly fee
Unlimited transactions
The CIBC Smart Account is a strong contender due to its unlimited transactions and the potential for a substantial cash bonus for new customers. While it does have a monthly fee, maintaining the required balance can easily offset this cost, making it a practical choice for regular banking needs.
Pros:
- Unlimited transactions
- Cash bonus available
Cons:
- Monthly fee if balance is not maintained
8.CIBC Smart Plus Account
CIBC
N/A
Earn up to $400 for opening a Smart Plus Account by meeting specific requirements.
CA$29.95
CA$6,000 to waive monthly fee
Unlimited transactions
Unlike other options, the CIBC Smart Plus Account offers premium perks that cater to customers looking for enhanced banking features. While it comes with a higher monthly fee, the additional benefits may appeal to those who frequently utilize banking services.
Pros:
- Unlimited transactions
- Premium perks
Cons:
- Higher monthly fee
Final Words
In conclusion, as you explore the best checking account bonuses in Canada this March 2026, remember to carefully compare features, fees, and bonuses across different accounts to find the one that best suits your financial needs. Taking the time to evaluate your options can lead to significant savings and rewards.
Frequently Asked Questions
The BMO Performance Chequing Account has a monthly fee of CA$17.95.
To waive the monthly fee of CA$30.95 for the BMO Premium Chequing Account, a minimum daily balance of CA$6,000 must be maintained.
No, the BMO Performance Chequing Account does not pay interest on balances as it is a transactional account.
Both the BMO Performance and Premium Chequing Accounts offer unlimited transactions but do not pay interest on balances.
The BMO Performance Chequing Account and the BMO Premium Chequing Account are among the best options, although they do not provide interest rates, they offer unlimited transactions.
The TD Unlimited Chequing Account has a monthly fee of CA$17.95.
The details regarding a minimum balance requirement for the TD Unlimited Chequing Account are not provided, but it is generally advisable to check with the bank directly.
Yes, many checking accounts in Canada, including the BMO Performance and Premium Chequing Accounts, waive monthly fees if a certain minimum balance is maintained.
