Chequing account · First Nations Bank of Canada
Value Plus Account: fees and true cost
First Nations Bank of Canada’s Value Plus Account charges $11.95/mo, or $0 with a $3,000 minimum balance, with 25 a month transactions. For our “Everyday” example that comes to $455 a year, #29 of 33 chequing accounts offered nationwide.
CDICOffered in all ten provinces
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 | $143 | Monthly fee $11.95 | 11 of 33 |
| Everyday Household account, a few e-Transfers | $455 | Monthly fee $11.95; extra transactions $23.97/mo | 29 of 33 |
| Heavy Lots of card, bill and e-Transfer payments | $1,063 | Monthly fee $11.95; extra transactions $72.63/mo | 31 of 33 |
| Branch and cheques Teller visits, cheques, paper statement | $167 | Monthly fee $11.95 | 3 of 26 |
Try your own numbers in the true-cost finder. Is keeping $3,000 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $11.95/mo, or $0 with a $3,000 minimum balance |
| Included transactions | 25 a month |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | $2.00 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $3.00 |
| In-branch withdrawal | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | $4.00 |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
N/A
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
- Neo Chequing account (Essentials) (Neo Financial) — $0 a year
Other chequing accounts at First Nations Bank of Canada
- Elders Plan — No monthly fee
- Infinity Account — $16.95/mo, or $0 with a $4,000 minimum balance
- Select Service — $29.95/mo, or $0 with a $5,000 minimum balance
- Student Account — No monthly fee
- Value Account — $3.95/mo, or $0 with a $1,500 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · First Nations Bank of Canada’s product page
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