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No-Fee eChequing Account

​Our chequing account offers you the convenience of day-to-day transactions while earning interest on your daily balance. 



No Monthly Account Fees

  • No monthly fee; No minimum balance required
  • FREE, unlimited day-to-day transactions1
  • FREE, unlimited Interac® e-Transfers
  • Award-winning No-Fee eChequing Account
  • Access to over 3,300 ATMs in THE EXCHANGE® Network - Canada's largest ATM network, surcharge-free! In the United States, access 40,000 surcharge-free ATM’s through the Allpoint Network.

No Minimum Balance

  • Add Overdraft Protection for only $2.50 a month.
  • Safe and secure – eligible deposits are insured up to the maximum amount through the Canada Deposit Insurance Corporation (CDIC)
  • 0.05%* Annual Interest Rate.


We make banking easy, accessible, and secure - wherever you are.


Bank 24 hours a day, 7 days a week. Pay your bills online and skip that trip to a mailbox or bank branch.


Get the full experience of online banking plus more. Whether you're checking your balances or depositing your cheques easily with Deposit Anywhere™, do it all within your fingertips.



Add Overdraft Protection2 to your eChequing account and enjoy the peace of mind knowing you'll have access to extra funds when you most need them.

With credit limits ranging from $500 to $5,000, you can customize your overdraft protection to best suit your needs.

  • Low monthly fee of $2.50
  • 19.99%* Annual Interest Rate
  • Access your overdraft limit through all channels linked to your eChequing account (bill payments, cheques, point of sale, pre-authorized debits, etc.)
  • Repayment is as easy as making a deposit to your account

Application is subject to credit approval.

​Direct Deposit / Pre-Authorized Debit Form

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Get your bank accounts talking to each other with a few clicks. 

Available with your Alterna Bank account, Me-to-Me is a free feature that lets you link all your accounts from different financial institutions so you can transfer funds with ease.

  • Transfer funds to and from your account to another financial institution
  • Fund new accounts from your external account if other financial institutions support it

Setting up is easy! Find out more on Me-to-Me Transfers.


Apply online now

It typically takes just 5 minutes to apply for your No-Fee eChequing Account - all online!

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​Safe and secure access to your accounts

We are committed to providing a safe and secure banking experience. While using our online and mobile banking, the integrity of your account information is guaranteed.

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​​        Alterna Bank Mobile App

Access your accounts anytime, anywhere available on iOS and Android. No need to set up new passwords or security codes, use the same login and password for online banking.

Click to download the app here: 


eChequing Accounts and rates are only available for purchase online.

*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. $1,000,000 maximum balance (plus accrued interest).

1Includes: Withdrawals, Transfers, Interac® e-Transfers, Me-to-Me Transfers, Bill Payments, Cheques, Pre-authorized payments, Debit card payments (POS), Alterna and THE EXCHANGE Network ATM withdrawals and transfers.

2Overdraft fees are in addition to interest charges on the outstanding overdraft amount. Interest will be calculated and debited monthly to your account based on the final daily indebtedness in the account throughout the calendar month. Interest rates set by Alterna Bank will apply both before and after the Overdraft Protection service is terminated, and before and after judgment is obtained against you.

Maximum balance per customer is $250,000 (plus accrued interest).

Click here for our FAQs on Account Limits.

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CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC)