{"id":99248,"date":"2026-10-19T16:31:27","date_gmt":"2026-10-19T20:31:27","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=99248"},"modified":"2026-10-19T16:31:28","modified_gmt":"2026-10-19T20:31:28","slug":"low-fee-chequing-accounts-are-they-worth-it","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","title":{"rendered":"Low-fee Chequing Accounts: Are They Worth It?"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<p class=\"wp-block-paragraph\" style=\"font: 28px RBCDisplay !important\">Key Takeaways<\/p>\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Low-fee chequing accounts in Canada typically charge $4 or less per month and include a set number of debit transactions plus core digital banking features like Interac e-Transfers.<\/p><\/li>\n<li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Many institutions follow the Financial Consumer Agency of Canada (FCAC) Low-Cost Account Commitment, which caps the monthly fee at $4 and requires at least 12 debit transactions per month.<\/p><\/li>\n<li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Students, seniors receiving the Guaranteed Income Supplement, newcomers to Canada and RDSP beneficiaries may qualify for a no-cost version of the same account.<\/p><\/li>\n<li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Multi-product programs like the RBC Value Program may rebate the monthly fee when you hold an eligible combination of accounts \u2014 no large minimum balance required.<\/p><\/li>\n<li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">The right fit depends on your monthly transaction volume, existing products and how much you value digital tools versus in-branch service.<\/p><\/li>\n<\/ul>\n<\/div><\/div><br>\n\n\n\n<h2 id=\"h-what-is-a-low-fee-chequing-account\" class=\"wp-block-heading\">What is a low-fee chequing account?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A low-fee chequing account is a basic, everyday banking account that charges a small monthly fee for your core banking needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It sits between <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/no-fee-chequing-accounts-explained-how-they-work-and-what-to-watch-for\/\" target=\"_blank\" data-dig-id=\"LP-99248-e375878e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"no-fee chequing accounts\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">no-fee chequing accounts<\/a>, which charge nothing but may come with more limits, and premium accounts, which can cost $30 or more per month, and often bundle extras like travel insurance and credit card rebates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In most cases, \u201clow-fee\u201d translates to $4 a month, aligning with the benchmark set by the Financial Consumer Agency of Canada (FCAC).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For that fee, you can expect the essentials:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">A debit card<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Interac e-Transfers<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Pre-authorized payments<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Cheque writing<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Digital banking access that covers online banking through your desktop and mobile banking through the bank\u2019s app<\/p><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What you typically won&#8217;t get are premium perks like free overdraft protection or out-of-network ATM fee waivers.<\/p>\n\n\n\n<div class=\"wp-block-group has-cool-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/day-to-day-banking.html\" target=\"_blank\" data-dig-id=\"LP-99248-66f5e535\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC&apos;s Day-to-Day Banking Account\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">RBC&#8217;s Day-to-Day Banking Account<\/a> is a classic example of how low-fee chequing accounts work. It carries a $4 monthly fee and includes 12 debit transactions of any kind per month, plus unlimited Interac e-Transfers.<\/p>\n<\/div>\n\n\n\n<h2 id=\"h-why-do-i-need-a-low-fee-chequing-account\" class=\"wp-block-heading\">Why do I need a low-fee chequing account?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Low-fee <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/what-is-a-chequing-account-and-how-do-i-use-it\/\" target=\"_blank\" data-dig-id=\"LP-99248-918fab8a\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"chequing accounts\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">chequing accounts<\/a> aren\u2019t for everyone, and they aren\u2019t a shortcut to paying less for banking. In fact, depending on your transaction habits, a low-fee account could end up costing you more than a premium account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing the wrong type of account can mean paying for features you never use or running into per-transaction surcharges that cost more. Here\u2019s a quick way to check if a low-fee chequing account fits your needs:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A low-fee account may make sense when<\/strong> most of your transactions are e-transfers, you primarily use a different account, you make very few debit transactions, or you\u2019re eligible for a rebate or no-cost version.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A different tier of account may be a better fit if<\/strong> you use your debit card a lot, have a high volume of monthly transactions, or are looking for bundled benefits like overdraft protection or travel benefits.<\/p>\n\n\n\n<h2 id=\"h-other-common-types-of-chequing-accounts-in-canada\" class=\"wp-block-heading\"><a><\/a>Other common types of chequing accounts in Canada<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"526\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/Picture2.png\" alt=\"Chart titled &quot;Key Features to Compare in a Low-Fee Chequing Account,&quot; presenting a three-column table comparing eight banking features \u2014 monthly fee and rebates, debit transaction allowance, Interac e-Transfers and bill payments, digital banking access, no minimum balance, no-fee eligibility, smart money tools, and security and protection \u2014 with a &quot;What&quot; description and a &quot;Benefit&quot; explanation for each.\" class=\"wp-image-99259\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/Picture2.png 624w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/Picture2.png?resize=300,253 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Canadian banks typically organize their chequing accounts into tiers, sorted by monthly fee and what you get in return.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond the basic low-fee accounts discussed in this guide, most fall into three broad groups.<\/p>\n\n\n\n<h3 id=\"h-1-unlimited-or-mid-tier-chequing-accounts\" class=\"wp-block-heading\"><a><\/a>1. Unlimited or mid-tier chequing accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-tier chequing accounts charge a higher monthly fee than low-fee options, but remove the transaction cap entirely, giving you unlimited debit transactions and Interac e-Transfers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They often come with extras like rebates on fees when bundled with other banking products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, the <a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/advantage-banking.html\" target=\"_blank\" data-dig-id=\"LP-99248-f7bb0d8c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Advantage Banking\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">RBC Advantage Banking<\/a> account has a $12.95 monthly fee, but the <a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/value-program.html\" target=\"_blank\" data-dig-id=\"LP-99248-e4925502\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Value Program\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">RBC Value Program<\/a> gives you a rebate on part or all of the fee of an eligible chequing account when you hold at least two eligible product categories, such as:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">A personal credit card<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">A personal investment like a Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP)<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">A residential mortgage.<\/p><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These accounts may suit you if you use your debit card regularly and want to bank without counting transactions. They may be more than you need if your monthly activity is light, in which case you could be paying for unlimited access you rarely use.<\/p>\n\n\n\n<h3 id=\"h-2-premium-or-all-inclusive-chequing-accounts\" class=\"wp-block-heading\">2. Premium or all-inclusive chequing accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Premium accounts, like <a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/vip-banking.html\" data-dig-id=\"LP-99248-680a2aea\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC&apos;s VIP Chequing Account\" class=\"rbc-link-format\">RBC&#8217;s VIP Chequing <\/a><a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/vip-banking.html\" target=\"_blank\" data-dig-id=\"LP-99248-680a2aea\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC&apos;s VIP Chequing Account\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">A<\/a><a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/vip-banking.html\" data-dig-id=\"LP-99248-680a2aea\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC&apos;s VIP Chequing Account\" class=\"rbc-link-format\">ccount<\/a><a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/vip-banking.html\">,<\/a> sit at the top of the lineup and offer the opposite of low-fee and no-fee accounts. They have the highest monthly fee of all account types, but bundle the widest range of perks, which may include:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Credit card annual fee rebates<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Travel and other insurance coverage<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Safe deposit box discounts<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\">Waived <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/understanding-bank-fees-and-how-to-save-on-your-bank-fees\/\" target=\"_blank\" data-dig-id=\"LP-99248-b572a807\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"bank fees\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">bank fees<\/a> on linked accounts<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This type of chequing account can be a good fit if you\u2019re able to offset the monthly fee through the bundled perks, such as a rebated premium travel credit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some chequing accounts offer a fee rebate if you carry a minimum monthly balance, which can be a good way to access premium features without increasing your overall cost of banking. Make sure to ask how much you\u2019ll need to keep in your chequing account, and whether that\u2019s an average or minimum balance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These accounts may not be worth it if you wouldn&#8217;t otherwise use those extras, since the perks only pay off when you actually draw on them.<\/p>\n\n\n\n<h3 id=\"h-3-specialty-chequing-accounts\" class=\"wp-block-heading\"><a><\/a>3. Specialty chequing accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Specialty accounts are designed for people with specific needs, such as seniors, students, newcomers to Canada, and people who need to bank in U.S. dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many waive the monthly fee entirely for eligible clients or for a set period, such as a newcomer&#8217;s first year in Canada.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Each account type has different benefits and drawbacks, meaning suitability depends on the group you fall into and the type of specialty account you\u2019re looking at. If you\u2019re a student, for example, a student account may be a viable option, provided you meet eligibility criteria.<\/p>\n\n\n\n<h2 id=\"h-key-features-to-look-for-in-a-low-fee-chequing-account\" class=\"wp-block-heading\"><a><\/a>Key features to look for in a low-fee chequing account<\/h2>\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Not all low-fee accounts are designed the same, and beyond the actual fee you pay, features, eligibility requirements, and transaction limits can differ.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s what to look for when choosing between low-fee chequing accounts.<\/p>\n\n\n\n<h3 id=\"h-monthly-fee-and-rebate-options\" class=\"wp-block-heading\"><a><\/a>Monthly fee and rebate options<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Low-fee accounts generally have a flat monthly cost, often $4 or less for accounts under the FCAC Commitment. Look for any rebates that may apply when held alongside eligible products from the same bank.<\/p>\n\n\n\n<h3 id=\"h-included-debit-transaction-allowance\" class=\"wp-block-heading\"><a><\/a>Included debit transaction allowance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A low-fee chequing account type has a maximum number of debit transactions per month (commonly 12 under the FCAC Commitment). You\u2019ll pay extra for additional debit transactions, so clarify what the per-transaction fee will be.<\/p>\n\n\n\n<h3 id=\"h-interac-e-transfers-and-bill-payments\" class=\"wp-block-heading\"><a><\/a>Interac e-Transfers and bill payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Electronic fund transfers \u2014 including Interac e-Transfers \u2014 are often included within the monthly transaction allowance on low-fee accounts, but it&#8217;s worth checking, especially if you make a large chunk of your payments electronically.<\/p>\n\n\n\n<h3 id=\"h-digital-banking-access\" class=\"wp-block-heading\"><a><\/a>Digital banking access<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Look for digital banking solutions such as:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Online banking<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">A mobile app<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Mobile cheque deposit<\/p><\/li>\n    <li class=\"wp-block-rbc-list-item\"><p class=\"wp-block-paragraph\">Digital wallet integration (e.g., Apple Pay, Google Pay, Samsung Pay).<\/p><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 id=\"h-no-minimum-balance-requirement\" class=\"wp-block-heading\">No minimum balance requirement<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many low-fee chequing accounts do not require a minimum balance. Depending on how much cash you plan to leave idle in the account, this may or may not be a priority for you.<\/p>\n\n\n\n<h3 id=\"h-eligibility-for-no-fee-options\" class=\"wp-block-heading\"><a><\/a>Eligibility for no-fee options<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Newcomers, seniors receiving the Guaranteed Income Supplement, Registered Disability Savings Plan (RDSP) beneficiaries, students, youth and other groups identified by participating institutions may qualify for a no-cost version of a low-fee account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re part of one of these groups, confirm with your provider.<\/p>\n\n\n\n<h3 id=\"h-smart-money-tools\" class=\"wp-block-heading\"><a><\/a>Smart money tools<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Look for features like <a href=\"https:\/\/www.rbcroyalbank.com\/ways-to-bank\/tutorials\/nomi\/nomi-insights.html\" target=\"_blank\" data-dig-id=\"LP-99248-c06e5228\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"NOMI Insights\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">NOMI Insights<\/a> and <a href=\"https:\/\/www.rbcroyalbank.com\/ways-to-bank\/tutorials\/financial-advice\/what-is-nomi-find-and-save.html\">NOMI Find &amp; Save<\/a> can help track spending habits and set aside small amounts automatically.<\/p>\n\n\n\n<h3 id=\"h-security-and-fraud-protection\" class=\"wp-block-heading\"><a><\/a>Security and fraud protection<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, make sure your funds are kept safe and secure by choosing an account that offers multi-factor authentication, biometric login, transaction alerts and CDIC deposit insurance coverage on eligible deposits.<\/p>\n\n\n\n<h2 id=\"h-which-low-fee-chequing-account-is-right-for-me\" class=\"wp-block-heading\"><a><\/a>Which low-fee chequing account is right for me?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There&#8217;s no single best low-fee account, only the one that best matches how you bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The answer to these questions can help you narrow down your options:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>How many debit transactions do you make a month?<\/strong> If you regularly exceed the transaction limit that most low-fee accounts include, the per-transaction fees may make a higher tier cheaper overall.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>Are you eligible for a no-cost version?<\/strong> Students, youth, newcomers to Canada, seniors receiving the Guaranteed Income Supplement and RDSP beneficiaries may qualify for a no-fee version of the same account.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>Which mobile banking tools matter to you?<\/strong> If you bank mostly by app, look at the mobile experience, <a href=\"https:\/\/www.rbcroyalbank.com\/business\/campaign\/digital-enablement\/mobile-cheque-deposit.html\" target=\"_blank\" data-dig-id=\"LP-99248-123067f6\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"mobile cheque deposit\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">mobile cheque deposit<\/a> and budgeting features.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>Is your money protected?<\/strong> Confirm the account offers Canada Deposit Insurance Corporation (CDIC) coverage on eligible deposits and security features like transaction alerts.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>Will your needs grow?<\/strong> If you expect your monthly transactions to grow or change over time, check how easily you can upgrade to a higher tier later.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"wp-block-paragraph\"><strong>Can you qualify for a fee rebate?<\/strong> You may qualify for a fee reduction or waiver by holding other products with the same institution, like with the RBC Value Program.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-next-steps-explore-a-low-fee-chequing-account\" class=\"wp-block-heading\">Next steps: Explore a low-fee chequing account<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A low-fee chequing account can take the friction out of everyday money management. If your banking is straightforward and your monthly transactions are modest, it may give you the essentials you use most without paying for extras you don&#8217;t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If that sounds like you, the next move is to find the option that fits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can weigh different RBC accounts side by side on the <a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/compare-chequing-accounts.html\" target=\"_blank\" data-dig-id=\"LP-99248-f687c40d\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"compare chequing accounts\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">compare chequing accounts<\/a> page, or look more closely at a specific low-fee option like the <a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/day-to-day-banking.html\" target=\"_blank\" data-dig-id=\"LP-99248-4b2bb339\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Day to Day Banking Account\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Day to Day Banking Account<\/a> to see whether its features and fees match how you bank.<\/p>\n\n\n\n<div class=\"wp-block-group has-rbc-bright-blue-tint-4-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center has-text-major-xs-font-size wp-block-paragraph\"><a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/index.html\" target=\"_blank\" data-dig-id=\"LP-99248-d77cc922\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Explore RBC chequing accounts.\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Explore RBC chequing accounts.<\/a><\/p>\n<\/div>\n\n\n\n<h2 id=\"h-faq\" class=\"wp-block-heading\">FAQ<\/h2>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-accordion accordion\" id=\"&quot;accordionSet1\">\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titled3cbf8a1\" class=\"collapse-toggle collapsed\" data-target=\"#accordiond3cbf8a1\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-99248-d3cbf8a1\" aria-controls=\"accordiond3cbf8a1\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Is a low-fee chequing account the same as a no-fee chequing account?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Is a low-fee chequing account the same as a no-fee chequing account?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordiond3cbf8a1\" role=\"region\" aria-labelledby=\"accordion-titled3cbf8a1\"><div class=\"collapse-inner\">\n<p class=\"wp-block-paragraph\">No. A low-fee account charges a small monthly fee, often $4 or less, while a no-fee account charges nothing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The line between the two <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/bank-account-basics-chequing-savings-and-everything-in-between\/\" target=\"_blank\" data-dig-id=\"LP-99248-b581c296\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"bank account types\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">bank account types<\/a> does get a bit blurry, though, as many low-fee accounts waive the fee entirely for eligible clients, such as seniors or students, effectively making them no-fee.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titlecf89b4b3\" class=\"collapse-toggle collapsed\" data-target=\"#accordioncf89b4b3\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-99248-cf89b4b3\" aria-controls=\"accordioncf89b4b3\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"How much does a low-fee chequing account cost per month in Canada?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>How much does a low-fee chequing account cost per month in Canada?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordioncf89b4b3\" role=\"region\" aria-labelledby=\"accordion-titlecf89b4b3\"><div class=\"collapse-inner\">\n<p class=\"wp-block-paragraph\">Low-fee chequing accounts in Canada typically cost around $4 a month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the Financial Consumer Agency of Canada (FCAC) Commitment on Low-Cost and No-Cost Accounts, participating institutions cap the fee on these accounts at $4.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title4e530d9f\" class=\"collapse-toggle collapsed\" data-target=\"#accordion4e530d9f\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-99248-4e530d9f\" aria-controls=\"accordion4e530d9f\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Can I avoid the monthly fee on a chequing account without keeping a large minimum balance?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Can I avoid the monthly fee on a chequing account without keeping a large minimum balance?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion4e530d9f\" role=\"region\" aria-labelledby=\"accordion-title4e530d9f\"><div class=\"collapse-inner\">\n<p class=\"wp-block-paragraph\">In some cases, yes, though it depends on the policies set by your bank for your specific account type.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many banks let you reduce or waive the fee through a multi-product rebate rather than a minimum balance. RBC&#8217;s Value Program, for example, may rebate the monthly fee when you hold an eligible mix of products and complete a few regular account activities each month.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title7f34907b\" class=\"collapse-toggle collapsed\" data-target=\"#accordion7f34907b\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-99248-7f34907b\" aria-controls=\"accordion7f34907b\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"What happens if I go over my included monthly transactions?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>What happens if I go over my included monthly transactions?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion7f34907b\" role=\"region\" aria-labelledby=\"accordion-title7f34907b\"><div class=\"collapse-inner\">\n<p class=\"wp-block-paragraph\">If you exceed your monthly transaction limit, you can usually continue to use your account, but each debit beyond your included limit adds a per-transaction fee.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title8f0eafcd\" class=\"collapse-toggle collapsed\" data-target=\"#accordion8f0eafcd\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-99248-8f0eafcd\" aria-controls=\"accordion8f0eafcd\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Which chequing account has the lowest fees in Canada?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Which chequing account has the lowest fees in Canada?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion8f0eafcd\" role=\"region\" aria-labelledby=\"accordion-title8f0eafcd\"><div class=\"collapse-inner\">\n<p class=\"wp-block-paragraph\">Most banks in Canada offer low-fee bank accounts, with the lowest monthly fee typically being $4. RBC\u2019s Day to Day Banking account is an example of a low-fee chequing account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can often reduce this to $0 a month through bundles, rebates, or meeting no-cost eligibility criteria, meaning it&#8217;s less about which bank has the lowest fees in Canada and more about how you structure your banking and account setup.<\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p class=\"wp-block-paragraph\">This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This article walks through what low-fee chequing accounts are, their benefits, key features to look for and a framework to choose the right one for you.<\/p>\n","protected":false},"author":90,"featured_media":99249,"parent":57315,"menu_order":0,"template":"wp-custom-template-mmm-sticky-nav","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","editor_notices":[],"footnotes":""},"tags":[62,77],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[509],"rbc_difficulty_level":[],"rbc_mmm_category":[366,318,368,304],"rbc_mmm_author":[],"class_list":["post-99248","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-banking-digital-banking","tag-personal-finance","rbc_content_type-article","rbc_lob_group-accounts","rbc_mmm_category-account-types","rbc_mmm_category-banking-basics","rbc_mmm_category-banking-tips","rbc_mmm_category-money-academy"],"acf":{"contently_publication_id":"","custom_author":"Royal Bank of Canada","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":[{"title":"What is a low-fee chequing account?","url":"#h-what-is-a-low-fee-chequing-account"},{"title":"Why do I need a low-fee chequing account?","url":"#h-why-do-i-need-a-low-fee-chequing-account"},{"title":"Other common types of chequing accounts in Canada","url":"#h-other-common-types-of-chequing-accounts-in-canada"},{"title":"Key features to look for in a low-fee chequing account","url":"#h-key-features-to-look-for-in-a-low-fee-chequing-account"},{"title":"Which low-fee chequing account is right for me?","url":"#h-which-low-fee-chequing-account-is-right-for-me"},{"title":"Next steps: Explore a low-fee chequing account","url":"#h-next-steps-explore-a-low-fee-chequing-account"}],"rbc_toc_for_mmm_action":"Generate Table Of Contents"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-19T20:31:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2120\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\"},\"author\":{\"name\":\"Md Miraz Kabir\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/3dd4d6b89786bef9ec09bb85220150a4\"},\"headline\":\"Low-fee Chequing Accounts: Are They Worth It?\",\"datePublished\":\"2026-10-19T20:31:27+00:00\",\"dateModified\":\"2026-10-19T20:31:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\"},\"wordCount\":1885,\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg\",\"keywords\":[\"Banking\\\/ Digital banking\",\"Personal Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\",\"name\":\"Low-fee Chequing Accounts: Are They Worth It? - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg\",\"datePublished\":\"2026-10-19T20:31:27+00:00\",\"dateModified\":\"2026-10-19T20:31:28+00:00\",\"description\":\"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg\",\"width\":2120,\"height\":1414,\"caption\":\"Online banking for family budget - couple in the kitchen with bills\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Money Academy\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Banking Basics\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Banking Tips\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Low-fee Chequing Accounts: Are They Worth It?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/3dd4d6b89786bef9ec09bb85220150a4\",\"name\":\"Md Miraz Kabir\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g\",\"caption\":\"Md Miraz Kabir\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","og_locale":"en_US","og_type":"article","og_description":"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","og_site_name":"RBC Royal Bank","article_modified_time":"2026-10-19T20:31:28+00:00","og_image":[{"width":2120,"height":1414,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/"},"author":{"name":"Md Miraz Kabir","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3dd4d6b89786bef9ec09bb85220150a4"},"headline":"Low-fee Chequing Accounts: Are They Worth It?","datePublished":"2026-10-19T20:31:27+00:00","dateModified":"2026-10-19T20:31:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/"},"wordCount":1885,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg","keywords":["Banking\/ Digital banking","Personal Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","name":"Low-fee Chequing Accounts: Are They Worth It? - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg","datePublished":"2026-10-19T20:31:27+00:00","dateModified":"2026-10-19T20:31:28+00:00","description":"Low-fee chequing accounts in Canada provide everyday banking features like ATM and cheques at modest costs. See how they work and learn how to choose one.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg","width":2120,"height":1414,"caption":"Online banking for family budget - couple in the kitchen with bills"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Money Academy","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/"},{"@type":"ListItem","position":3,"name":"Banking Basics","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/"},{"@type":"ListItem","position":4,"name":"Banking Tips","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/"},{"@type":"ListItem","position":5,"name":"Low-fee Chequing Accounts: Are They Worth It?"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3dd4d6b89786bef9ec09bb85220150a4","name":"Md Miraz Kabir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ad7746723544ad2e37dcebddfb31e77e2a79526c8dc509d41f200ffe75e2799?s=96&d=mm&r=g","caption":"Md Miraz Kabir"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Low-fee Chequing Accounts: Are They Worth It?","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/banking-tips\/low-fee-chequing-accounts-are-they-worth-it\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"Md Miraz Kabir"}],"creator":["Md Miraz Kabir"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["banking\/ digital banking","personal finance"],"dateCreated":"2026-10-19T20:31:27Z","datePublished":"2026-10-19T20:31:27Z","dateModified":"2026-10-19T20:31:28Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Low-fee Chequing Accounts: Are They Worth It?\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/banking-tips\\\/low-fee-chequing-accounts-are-they-worth-it\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2026\\\/10\\\/iStock-1294509749.jpg\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"Md Miraz Kabir\"}],\"creator\":[\"Md Miraz Kabir\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"banking\\\/ digital banking\",\"personal finance\"],\"dateCreated\":\"2026-10-19T20:31:27Z\",\"datePublished\":\"2026-10-19T20:31:27Z\",\"dateModified\":\"2026-10-19T20:31:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/10\/iStock-1294509749.jpg?quality=80&w=1024","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/mirazkabir\/","display_name":"Md Miraz Kabir"},"relative_dates":{"created":"Posted 16 hours ago","modified":"Updated 16 hours ago"},"absolute_dates":{"created":"Posted on October 19, 2026","modified":"Updated on October 19, 2026"},"absolute_dates_time":{"created":"Posted on October 19, 2026 4:31 pm","modified":"Updated on October 19, 2026 4:31 pm"},"featured_img_caption":"Online banking for family budget - couple in the kitchen with bills","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/banking-digital-banking\/\" class=\"advgb-post-tax-term\">Banking\/ Digital banking<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/personal-finance\/\" class=\"advgb-post-tax-term\">Personal Finance<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Banking\/ Digital banking<\/span>","<span class=\"advgb-post-tax-term\">Personal Finance<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":[],"unlinked":[],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/accounts\/\" class=\"advgb-post-tax-term\">Accounts<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Accounts<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":[],"unlinked":[],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/account-types\/\" class=\"advgb-post-tax-term\">Account Types<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/banking-basics\/\" class=\"advgb-post-tax-term\">Banking Basics<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/banking-tips\/\" class=\"advgb-post-tax-term\">Banking Tips<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/money-academy\/\" class=\"advgb-post-tax-term\">Money Academy<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Account Types<\/span>","<span class=\"advgb-post-tax-term\">Banking Basics<\/span>","<span class=\"advgb-post-tax-term\">Banking Tips<\/span>","<span class=\"advgb-post-tax-term\">Money Academy<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"rbc_mmm_author":{"linked":[],"unlinked":[],"slug":"rbc_mmm_author","name":"RBC MMM Authors"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"62","primary_rbc_mmm_category":"368","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/99248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/90"}],"version-history":[{"count":7,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/99248\/revisions"}],"predecessor-version":[{"id":99260,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/99248\/revisions\/99260"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/99249"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=99248"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=99248"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=99248"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=99248"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=99248"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=99248"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=99248"},{"taxonomy":"rbc_mmm_author","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_author?post=99248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}