0.010%
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
Unlimited transactions
The BMO Performance Chequing Account stands out as the top choice because it offers unlimited transactions and a substantial welcome bonus, making it ideal for those who frequently use their account. Its competitive features cater well to individuals who can maintain the required balance to avoid fees.
Pros:
- Unlimited transactions
- Cash bonuses available
Cons:
- Monthly fee unless minimum balance is maintained
0.000%
Earn a $500 cash bonus by opening an account by June 3, 2026.
CA$17.95
CA$4,000
Unlimited transactions
What sets this account apart is its comprehensive features, including no TD ATM fees and free Interac e-Transfers, making it a strong contender for those who prioritize convenience and frequent transactions.
Pros:
- No TD ATM fees
- Free Interac e-Transfers
Cons:
- Monthly fee unless minimum balance is maintained
0.000%
Earn up to $750 in value for new customers who open an account by June 3, 2026.
CA$30.95
CA$6,000
Unlimited transactions
This account shines for its all-inclusive features, providing extensive benefits such as unlimited transactions and annual fee rebates on select credit cards, making it ideal for customers seeking premium banking services.
Pros:
- Comprehensive banking features
- Annual fee rebate on credit cards
Cons:
- Higher monthly fee
4.Scotiabank Ultimate Package
Scotiabank
0.000%
Earn up to $700 for new clients who open an account between March 3, 2026, and July 2, 2026.
CA$30.95
CA$6,000
Unlimited transactions
The standout feature here is the generous welcome bonus and the extensive benefits that come with the account, making it a compelling choice for those looking for premium banking options.
Pros:
- Unlimited transactions
- Annual fee rebate on credit cards
Cons:
- Higher monthly fee
0.000%
Includes a cash reward for setting up direct deposits and paying bills.
CA$16.95
CA$4,000
Unlimited transactions
This account is particularly appealing for its cash bonuses and unlimited transactions, making it a solid choice for those who want to maximize their banking rewards while keeping costs manageable.
Pros:
- Unlimited transactions
- Cash bonuses available
Cons:
- Monthly fee unless minimum balance is maintained
0.000%
CA$16.95
N/A
Unlimited transactions
RBC Signature No Limit Banking is a robust everyday account that offers unlimited transactions and valuable benefits, making it a great option for those who require flexibility in their banking.
Pros:
- Unlimited transactions
- Free overdraft protection
Cons:
- Monthly fee
7.Coast Capital Unlimited Chequing Account
Coast Capital
0.000%
New members can receive a $450 cash bonus by setting up eligible payroll/direct deposits.
CA$8.50
CA$4,000
Unlimited transactions
This account is particularly attractive due to its low monthly fee and the substantial welcome bonus, making it an excellent choice for those looking for value in their banking.
Pros:
- Low monthly fee
- Cash bonuses available
Cons:
- Fees apply without minimum balance
8.National Bank Newcomers Account
National Bank
0.000%
Includes a $300 bonus for setting up a new chequing account and meeting specific conditions.
CA$0
N/A
Unlimited transactions
The National Bank Newcomers Account is an exceptional option for new residents, offering three years of no monthly fees and generous cash bonuses, making it a great way to settle into banking in Canada.
Pros:
- No monthly fees for 3 years
- Cash bonuses available
Cons:
- Fees apply after promotional period
Final Words
In conclusion, April 2026 presents a variety of enticing checking account bonuses across Canada, making it a great time to explore your options. Remember to compare the features and benefits of each account to find the one that best suits your financial needs and maximizes your rewards.
Frequently Asked Questions
The BMO Performance Chequing Account offers unlimited transactions for a monthly fee of CA$17.95. You can avoid this fee by maintaining a minimum daily balance of CA$4,000.
The TD Unlimited Chequing Account has a monthly fee of CA$17.95 and offers unlimited transactions but does not accrue any interest.
The TD All-Inclusive Banking Plan charges a higher monthly fee of CA$30.95 and also offers unlimited transactions with no interest rate.
Yes, the BMO Performance Chequing Account has an interest rate of 0.010%, while both the TD Unlimited Chequing Account and the TD All-Inclusive Banking Plan have a rate of 0.000%.
When choosing a chequing account, consider factors such as monthly fees, interest rates, transaction limits, and whether you can avoid the monthly fees by maintaining a minimum balance.
Yes, many banks in Canada, including BMO and TD, allow you to open a chequing account online.
Common fees include monthly maintenance fees, overdraft fees, and fees for exceeding transaction limits. It's important to check the terms of each account.
