Chequing account · KEB Hana Bank Canada
KEB Hana Bank Canada Low-Cost Account Chequing Account: fees and true cost
KEB Hana Bank Canada’s Low-Cost Account Chequing Account charges $4.00/mo, or $0 with a $500 minimum balance, with 12 a month transactions. For our “Everyday” example that comes to $182 a year, #28 of 107 chequing accounts offered in Ontario.
CDICLow-cost / no-cost eligibilityOffered in AB, BC, ON
Fees retrieved November 1, 2026
Mitey tallies a year of KEB Hana Bank Canada’s Low-Cost Account Chequing Account: $182 for the Everyday profile.
How much does Low-Cost Account Chequing Account from KEB Hana Bank Canada cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Low-Cost Account Chequing Account costs $182 a year, #28 of 107 chequing accounts offered in Ontario. The $4 monthly fee is waived with a $500 minimum balance. Cheaper for the same banking: Personal Account at EQ Bank ($0). Fees as listed with FCAC on November 1, 2026.
Who does KEB Hana Bank Canada Low-Cost Account Chequing Account suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #10 of 95 chequing accounts offered in Ontario. It costs most for the Heavy profile: $418 a year.
- Allowance: 12 transactions a month; each one beyond that costs $0.50, so 10 more a month adds $60 a year.
- Waiver or fee? Keeping $500 waives the $4 fee ($48 a year). The same money at 3% (30 Day Notice Savings Account, EQ Bank) would earn about $15 a year, so holding the balance is the cheaper way to run this account.
- Versus the cheapest: for everyday use it costs $182 a year more than Personal Account (EQ Bank), $912 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $89 | Monthly fee $4.00; extra transactions $3.40/mo | 25 of 107 |
| Everyday Household account, a few e-Transfers | $182 | Fee waived by the balance; extra transactions $13.70/mo | 28 of 107 |
| Heavy Lots of card, bill and e-Transfer payments | $418 | Fee waived by the balance; extra transactions $31.80/mo | 58 of 107 |
| Branch and cheques Teller visits, cheques, paper statement | $77 | Fee waived by the balance; extra transactions $6.38/mo | 10 of 95 |
Try your own numbers in the true-cost finder. Is keeping $500 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $4.00/mo, or $0 with a $500 minimum balance |
| Included transactions | 12 a month |
| Debit purchase in Canada (beyond included) | $0.50 |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | $0.75 |
| 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 | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
10 Interac e -Transfer are provided, and request fee is $1.50. Interac e-Transfer® cancellation fee is not included in the package transaction. $10 cable charge applies to all international transfers. For transfers over $100, an additional percentage based fee applies, ranging from $20 to $80.
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
Other chequing accounts at KEB Hana Bank Canada
- 1Q Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Newcomers) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (RDSP Beneficiary) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Seniors and GIS Recipients) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Student) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Youth) Chequing Account — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · KEB Hana Bank Canada’s product page
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