Chequing account · Vancity Credit Union
Vancity Credit Union Pay As You Go Chequing: fees and true cost
Vancity Credit Union’s Pay As You Go Chequing charges no monthly fee, with none included (each one is charged) transactions. For our “Everyday” example that comes to $246 a year, #32 of 70 chequing accounts offered in British Columbia.
Provincial insurerOffered in BC
Fees retrieved November 1, 2026
Mitey tallies a year of Vancity Credit Union’s Pay As You Go Chequing: $246 for the Everyday profile.
How much does Pay As You Go Chequing from Vancity Credit Union cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Pay As You Go Chequing costs $246 a year, #32 of 70 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 Pay As You Go Chequing suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #14 of 55 chequing accounts offered in British Columbia. It costs most for the Heavy profile: $484 a year.
- Pay per use: no transactions are included, so each debit purchase costs $0.50 — 20 a month comes to $120 a year.
- Versus the cheapest: for everyday use it costs $246 a year more than Personal Account (EQ Bank), $1,230 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $100 | No monthly fee; extra transactions $8.30/mo | 22 of 70 |
| Everyday Household account, a few e-Transfers | $246 | No monthly fee; extra transactions $18.50/mo | 32 of 70 |
| Heavy Lots of card, bill and e-Transfer payments | $484 | No monthly fee; extra transactions $36.30/mo | 37 of 70 |
| Branch and cheques Teller visits, cheques, paper statement | $154 | No monthly fee; extra transactions $10.30/mo | 14 of 55 |
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 | No extra fee |
| Interac e-Transfer | $0.90 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.50 |
| 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 | $0.50 |
| In-branch withdrawal | $0.70 |
| Bill payment in branch | $0.70 |
| Cheque (as a payment) | $0.50 |
| 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
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 Vancity Credit Union
- Chequing Plus (Youth under 25) — No monthly fee
- Chequing Plus (age 65+) — 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
- 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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