1.TD Unlimited Chequing Account
TD Canada Trust
N/A
Conditions apply. Offer ends June 3, 2026.
CA$17.95
CA$4,000
Unlimited
The TD Unlimited Chequing Account stands out as the top choice because it offers unlimited transactions and free Interac e-transfers, making it ideal for those who frequently manage their finances. Its robust features combined with a competitive welcome bonus of up to $750 make it a strong contender in the chequing account market.
Pros:
- Unlimited transactions
- Free Interac e-transfers
Cons:
- Monthly fee
- Minimum balance requirement
2.Scotiabank Ultimate Package
Scotiabank
N/A
Conditions apply.
CA$30.95
CA$6,000
Unlimited
What sets the Scotiabank Ultimate Package apart is its combination of unlimited transactions and an annual fee rebate on select credit cards, which can save account holders significant money. This account is particularly appealing for those who value comprehensive banking services and rewards.
Pros:
- Unlimited transactions
- Annual fee rebate on select credit cards
Cons:
- High monthly fee
- Minimum balance requirement
N/A
Conditions apply.
CA$17.95
CA$4,000
Unlimited
The BMO Performance Chequing Account shines for its unlimited transactions and a generous welcome bonus of up to $800, making it a compelling choice for new customers. Its straightforward fee structure and cash incentives provide excellent value for those who maintain the required balance.
Pros:
- Unlimited transactions
- Cash bonus offer
Cons:
- Monthly fee
- Minimum balance requirement
4.CIBC Smart Account
CIBC
N/A
Conditions apply.
CA$16.95
CA$4,000
12 transactions per month
A key differentiator for the CIBC Smart Account is its cash back welcome bonus and low monthly fee, making it an attractive option for those looking to save on banking costs. The account's structure is designed to reward users who maintain a balance, providing additional incentives for responsible banking.
Pros:
- Low monthly fee
- Cash back offers
Cons:
- Limited transactions
- Minimum balance requirement
5.Simplii Financial No Fee Chequing Account
Simplii Financial
N/A
Conditions apply.
CA$0
N/A
Unlimited
This account is the best option for those seeking a straightforward, no-fee banking experience. The Simplii Financial No Fee Chequing Account offers unlimited transactions without any monthly fees, making it an excellent choice for budget-conscious consumers.
Pros:
- No monthly fees
- Unlimited transactions
Cons:
- Limited physical branches
- No interest on balance
6.RBC Signature No Limit Banking
RBC Royal Bank
N/A
Conditions apply.
CA$16.95
N/A
Unlimited
The standout feature of the RBC Signature No Limit Banking account is its unlimited transactions and free Interac e-transfers, which cater to users who frequently engage in digital banking. Despite the monthly fee, the account's robust features provide significant value for active users.
Pros:
- Unlimited transactions
- Free Interac e-transfers
Cons:
- Monthly fee
- No interest on balance
Final Words
In conclusion, May 2026 presents a variety of attractive checking account bonuses in Canada, with options like the TD Unlimited Chequing Account offering enticing incentives up to $750. Be sure to compare these offers carefully to find the best fit for your financial needs and maximize your benefits.
Frequently Asked Questions
The top checking accounts with bonuses this May 2026 are the TD Unlimited Chequing Account, Scotiabank Ultimate Package, and BMO Performance Chequing Account.
The monthly fee for the TD Unlimited Chequing Account is CA$17.95.
If you open the TD Unlimited Chequing Account or TD All-Inclusive Banking Plan between March 4, 2026, and June 3, 2026, you can receive up to CA$750 in value.
The monthly fee for the Scotiabank Ultimate Package is CA$30.95.
The BMO Performance Chequing Account has a monthly fee of CA$17.95, but specific features are not mentioned in the provided data.
The provided data does not mention any checking accounts with no monthly fees, as all listed accounts have monthly fees associated with them.
You can typically open a checking account in Canada online through the bank's website or by visiting a local branch in person.
When choosing a checking account, consider factors such as monthly fees, transaction limits, available bonuses, and additional features like free Interac e-transfers.
