Chequing account · CTBC Bank Canada
CAD Youth / Advance 55 Chequing Account: fees and true cost
CTBC Bank Canada’s CAD Youth / Advance 55 Chequing Account charges $5.00/mo, or $0 with a $1,000 minimum balance, with branch: 0 · self-serve: 5 transactions. For our “Everyday” example that comes to $351 a year, #64 of 107 chequing accounts offered in Ontario.
CDICYouth (18 and under)SeniorsOffered in BC, ON
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 | $195 | Monthly fee $5.00; extra transactions $11.25/mo | 69 of 107 |
| Everyday Household account, a few e-Transfers | $351 | Fee waived by the balance; extra transactions $28.72/mo | 64 of 107 |
| Heavy Lots of card, bill and e-Transfer payments | $703 | Fee waived by the balance; extra transactions $57.61/mo | 64 of 107 |
| Branch and cheques Teller visits, cheques, paper statement | $153 | Fee waived by the balance; extra transactions $12.75/mo | 24 of 95 |
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 | $5.00/mo, or $0 with a $1,000 minimum balance |
| Included transactions | Branch: 0 · self-serve: 5 |
| Debit purchase in Canada (beyond included) | $0.50 |
| Online or mobile bill payment | $1.50 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $0.50 |
| Own-bank ATM withdrawal | $0.50 |
| Withdrawal at another institution’s ATM | $0.50 |
| ATM withdrawal in the United States | $0.50 |
| ATM withdrawal in other countries | $0.50 |
| Debit purchase in the United States | $0.50 |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | $1.50 |
| Cheque (as a payment) | $1.50 |
| 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 |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.02% |
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 (CTBC Bank Corp. (Canada)). 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 CTBC Bank Canada
- CAD Personal Regular Chequing Account — $5.00/mo, or $0 with a $1,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · CTBC Bank Canada’s product page
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