Chequing account · Habib Canadian Bank
Habib Canadian Bank Chequing Account: fees and true cost
Habib Canadian Bank’s Chequing Account charges no monthly fee, with none included (each one is charged) transactions. For our “Everyday” example that comes to $255 a year.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey tallies a year of Habib Canadian Bank’s Chequing Account: no figure for the Everyday profile.
How much does Chequing Account from Habib Canadian Bank cost a year?
Chequing Account can’t serve our Everyday example (43 transactions a month): it lacks Interac e-Transfers. There is no monthly fee. Cheaper for the same banking: Personal Account at EQ Bank ($0). Eligible deposits are insured by CDIC up to $100,000 per category. Fees as listed with FCAC on November 1, 2026.
Who does Habib Canadian Bank Chequing Account suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #7 of 26 chequing accounts offered nationwide.
- Can’t serve: the Light and Everyday and Heavy profiles (Interac e-Transfers not available).
- Pay per use: no transactions are included, so each debit purchase costs $0.50 — 20 a month comes to $120 a year.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | n/a | Can’t do: Interac e-Transfers | — |
| Everyday Household account, a few e-Transfers | n/a | Can’t do: Interac e-Transfers | — |
| Heavy Lots of card, bill and e-Transfer payments | n/a | Can’t do: Interac e-Transfers | — |
| Branch and cheques Teller visits, cheques, paper statement | $180 | No monthly fee; extra transactions $10.00/mo | 7 of 26 |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $0.50 |
| Online or mobile bill payment | $1.00 |
| Interac e-Transfer | Not available |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.50 |
| Withdrawal at another institution’s ATM | $1.25 |
| ATM withdrawal in the United States | $3.50 |
| ATM withdrawal in other countries | $3.50 |
| Debit purchase in the United States | $0.50 |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | $1.00 |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $5.00 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $15.00 |
| Overdraft interest | 18% a year |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- Neo Chequing account (Essentials) (Neo Financial) — $0 a year
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Habib Canadian Bank’s product page
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