Chequing account · ATB Financial
Pay As You Go Account: fees and true cost
ATB Financial’s Pay As You Go Account charges no monthly fee, with none included (each one is charged) transactions. For our “Everyday” example that comes to $1,131 a year, #51 of 52 chequing accounts offered in Alberta.
Gov’t guaranteeOffered in AB
Fees retrieved November 1, 2026
What it would cost you in a year
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $522 | No monthly fee; extra transactions $43.50/mo | 51 of 52 |
| Everyday Household account, a few e-Transfers | $1,131 | No monthly fee; extra transactions $92.25/mo | 51 of 52 |
| Heavy Lots of card, bill and e-Transfer payments | $2,046 | No monthly fee; extra transactions $166.50/mo | 51 of 52 |
| Branch and cheques Teller visits, cheques, paper statement | $654 | No monthly fee; extra transactions $52.50/mo | 43 of 43 |
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) | $2.00 |
| Online or mobile bill payment | $3.75 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $1.75 |
| Own-bank ATM withdrawal | $1.75 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $2.00 |
| In-branch withdrawal | $1.75 |
| Bill payment in branch | $3.75 |
| Cheque (as a payment) | $1.75 |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $4.00 |
| Overdraft interest | 17.25% 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?
Alberta government guarantee.
Cheaper for everyday use, at other institutions
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- Personal Account (EQ Bank) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at ATB Financial
- ATB Advantage Account — $24.95/mo, or $0 with a $6,000 minimum balance
- Basic Account — $3.95/mo, no balance waiver
- Freedom Account — No monthly fee
- Generation Account — No monthly fee
- Unlimited Account — $15.95/mo, or $0 with a $4,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · ATB Financial’s product page
Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.