Chequing account · Bank of China (Canada)
Basic Chequing Account: fees and true cost
Bank of China (Canada)’s Basic Chequing Account charges $4.00/mo, or $0 with a $1,000 minimum balance, with branch: 2 · self-serve: 12 transactions. For our “Everyday” example that comes to $493 a year, #87 of 106 chequing accounts offered in Ontario.
CDICOffered in AB, BC, ON, QC
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 | $162 | Monthly fee $4.00; extra transactions $9.50/mo | 51 of 106 |
| Everyday Household account, a few e-Transfers | $493 | Fee waived by the balance; extra transactions $36.05/mo | 87 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $1,049 | Fee waived by the balance; extra transactions $77.39/mo | 91 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $120 | Fee waived by the balance; extra transactions $10.00/mo | 17 of 94 |
Try your own numbers in the true-cost finder. Is keeping $1,000 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 $1,000 minimum balance |
| Included transactions | Branch: 2 · self-serve: 12 |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | $1.25 |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | $5.00 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $1.25 |
| In-branch withdrawal | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $10.00 |
| Overdraft interest | 21% 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
- 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 Bank of China (Canada)
- Premium Chequing Account — $23.00/mo, or $0 with a $5,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Bank of China (Canada)’s product page
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