Chequing account · Desjardins
Desjardins Everyday account - Basic plan: fees and true cost
Desjardins’s Everyday account - Basic plan charges $3.95/mo, or $0 with a $1,500 minimum balance, with 12 a month transactions. For our “Everyday” example that comes to $527 a year, #90 of 106 chequing accounts offered in Ontario.
Provincial insurerOffered in ON, QC
Fees retrieved November 1, 2026
Mitey tallies a year of Desjardins’s Everyday account - Basic plan: $527 for the Everyday profile.
How much does Everyday account - Basic plan from Desjardins cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Everyday account - Basic plan costs $527 a year, #90 of 106 chequing accounts offered in Ontario. The $3.95 monthly fee is waived with a $1,500 minimum balance. Cheaper for the same banking: Personal Account at EQ Bank ($0).
Who does Desjardins Everyday account - Basic plan suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #32 of 94 chequing accounts offered in Ontario. It costs most for the Heavy profile: $1,035 a year.
- Allowance: 12 transactions a month; each one beyond that costs $1.25, so 10 more a month adds $150 a year.
- Waiver or fee? Keeping $1,500 waives the $3.95 fee ($47 a year). The same money at 3% (30 Day Notice Savings Account, EQ Bank) would earn about $45 a year, so holding the balance is the cheaper way to run this account.
- Versus the cheapest: for everyday use it costs $527 a year more than Personal Account (EQ Bank), $2,637 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $167 | Monthly fee $3.95; extra transactions $10.00/mo | 52 of 106 |
| Everyday Household account, a few e-Transfers | $527 | Monthly fee $3.95; extra transactions $38.75/mo | 90 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $1,035 | Fee waived by the balance; extra transactions $83.75/mo | 89 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $180 | Fee waived by the balance; extra transactions $15.00/mo | 32 of 94 |
Try your own numbers in the true-cost finder. Is keeping $1,500 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $3.95/mo, or $0 with a $1,500 minimum balance |
| Included transactions | 12 a month |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | $1.25 |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | $1.25 |
| Withdrawal at another institution’s ATM | $1.25 |
| ATM withdrawal in the United States | $1.25 |
| ATM withdrawal in other countries | $1.25 |
| Debit purchase in the United States | $1.25 |
| In-branch withdrawal | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | Not available |
| Overdraft protection, per use | Not available |
| Overdraft interest | Not stated |
Notes from the institution
N/A
Is the money protected?
Provincial deposit insurer. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at Desjardins
- Desjardins Merit Service (60 years and over) — No monthly fee
- Desjardins Youth Profit Account — No monthly fee
- Everyday Account (without a transaction plan) — No monthly fee
- Everyday account - Intermediate plan — $10.95/mo, or $0 with a $3,000 minimum balance
- Everyday account - Unlimited Plus plan — $21.95/mo, or $0 with a $5,000 minimum balance
- Everyday account - Unlimited plan — $15.95/mo, or $0 with a $4,000 minimum balance
- School caisse (6 to 11 years old) — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Desjardins’s product page
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