Chequing account · Vancity Credit Union
Vancity Credit Union Chequing Plus (age 65+): fees and true cost
Vancity Credit Union’s Chequing Plus (age 65+) charges no monthly fee, with unlimited transactions. For our “Everyday” example that comes to $24 a year, #10 of 71 chequing accounts offered in British Columbia.
Provincial insurerSeniorsOffered in BC
Fees retrieved November 1, 2026
Mitey tallies a year of Vancity Credit Union’s Chequing Plus (age 65+): $24 for the Everyday profile.
How much does Chequing Plus (age 65+) from Vancity Credit Union cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Chequing Plus (age 65+) costs $24 a year, #10 of 71 chequing accounts offered in British Columbia. There is no monthly fee. Cheaper for the same banking: Personal Account at EQ Bank ($0). Deposits are protected by a provincial credit union deposit insurer.
Who does Vancity Credit Union Chequing Plus (age 65+) suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #2 of 56 chequing accounts offered in British Columbia. It costs most for the Heavy profile: $48 a year.
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Versus the cheapest: for everyday use it costs $24 a year more than Personal Account (EQ Bank), $120 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $0 | No monthly fee | 11 of 71 |
| Everyday Household account, a few e-Transfers | $24 | No monthly fee | 10 of 71 |
| Heavy Lots of card, bill and e-Transfer payments | $48 | No monthly fee | 10 of 71 |
| Branch and cheques Teller visits, cheques, paper statement | $30 | No monthly fee | 2 of 56 |
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 | Unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $2.50 |
| 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
First-named joint account holder age 65+ is eligible for the following special pricing: Vancity USD draft - free Post-dated cheques held for deposit - free Cheque retrieval / tracing - free Standing order set up / amendment - free Discount on Safety Deposit Box Rental - $5.00 No charge on Paper Statement fee in a month in which you are age 70 or older.
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 Vancity Credit Union
- Chequing Plus (Youth under 25) — No monthly fee
- Essential Chequing — $9.75/mo, or $0 with a $1,500 minimum balance
- Essential Plus Chequing — $14.75/mo, or $0 with a $3,000 minimum balance
- Pay As You Go Chequing — No monthly fee
- Total Chequing Account — $25.75/mo, or $0 with a $6,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Vancity Credit Union’s product page
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