Chequing account · KEB Hana Bank Canada
Low-Cost and No-Cost Account (Newcomers) Chequing Account: fees and true cost
KEB Hana Bank Canada’s Low-Cost and No-Cost Account (Newcomers) Chequing Account charges no monthly fee, with 20 a month transactions. For our “Everyday” example that comes to $140 a year, #23 of 107 chequing accounts offered in Ontario.
CDICNewcomersLow-cost / no-cost eligibilityOffered in AB, 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 | $0 | No monthly fee | 11 of 107 |
| Everyday Household account, a few e-Transfers | $140 | No monthly fee; extra transactions $10.16/mo | 23 of 107 |
| Heavy Lots of card, bill and e-Transfer payments | $372 | No monthly fee; extra transactions $28.01/mo | 58 of 107 |
| Branch and cheques Teller visits, cheques, paper statement | $26 | No monthly fee; extra transactions $2.13/mo | 4 of 95 |
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 | 20 a month |
| Debit purchase in Canada (beyond included) | $0.50 |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | $0.75 |
| 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 | Not available |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
Proof is required for newcomer customers, such as a PR card, temporary permit, or any immigration document issued by IRCC. 15 Interac e-Transfer are provided, and request fee is $1.50. 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
- Neo Chequing account (Essentials) (Neo Financial) — $0 a year
Other chequing accounts at KEB Hana Bank Canada
- 1Q Chequing Account — No monthly fee
- Low-Cost Account Chequing Account — $4.00/mo, or $0 with a $500 minimum balance
- 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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