Chequing account · KEB Hana Bank Canada
1Q Chequing Account: fees and true cost
KEB Hana Bank Canada’s 1Q Chequing Account charges no monthly fee, with branch: 0 · self-serve: unlimited transactions. For our “Everyday” example that comes to $0 a year, #3 of 106 chequing accounts offered in Ontario.
CDICOffered in AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT
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 | $0 | No monthly fee | 4 of 106 |
| Everyday Household account, a few e-Transfers | $0 | No monthly fee | 3 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $0 | No monthly fee | 3 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $72 | No monthly fee; extra transactions $6.00/mo | 9 of 94 |
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 | Branch: 0 · self-serve: unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | No extra fee |
| ATM withdrawal in the United States | Not available |
| ATM withdrawal in other countries | Not available |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | $1.50 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 to $50,000 | 0.1% |
| $50,000 to $100,000 | 0.2% |
| $100,000 and up | 0.3% |
Notes from the institution
- No ATM withdrawal fees* and debit card usage fees (* Applicable to THE EXCHANGE® Network ATMs) - Only 10-year Dormancy Fee $40.00. - The waiver of the Interac e-Transfer® cancellation fee is not included in the package transaction. - $10 cable charge applies to all international transfers. For transfers over $100, an additional percentage-based fee applies, ranging from $20 to $ 80.
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
Other chequing accounts at KEB Hana Bank Canada
- Low-Cost Account Chequing Account — $4.00/mo, or $0 with a $500 minimum balance
- Low-Cost and No-Cost Account (Newcomers) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (RDSP Beneficiary) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Seniors and GIS Recipients) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Student) Chequing Account — No monthly fee
- Low-Cost and No-Cost Account (Youth) Chequing Account — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · KEB Hana Bank Canada’s product page
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