Chequing account · Laurentian Bank of Canada
65+ Plan: fees and true cost
Laurentian Bank of Canada’s 65+ Plan charges no monthly fee, with 4 a month transactions. For our “Everyday” example that comes to $560 a year, #96 of 107 chequing accounts offered in Ontario.
CDICSeniorsOffered in 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 | $221 | No monthly fee; extra transactions $18.40/mo | 80 of 107 |
| Everyday Household account, a few e-Transfers | $560 | No monthly fee; extra transactions $44.67/mo | 96 of 107 |
| Heavy Lots of card, bill and e-Transfer payments | $1,076 | No monthly fee; extra transactions $85.68/mo | 93 of 107 |
| Branch and cheques Teller visits, cheques, paper statement | n/a | Can’t do: branch transactions | — |
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 | 4 a month |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.00 |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | $1.00 |
| Own-bank ATM withdrawal | $1.00 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $4.00 |
| ATM withdrawal in other countries | $4.00 |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | $3.00 |
| Non-sufficient funds (NSF) | $65.00 |
| Overdraft protection, monthly | $5.00 |
| Overdraft protection, per use | Not available |
| Overdraft interest | 22% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0% |
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
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at Laurentian Bank of Canada
- Basic account — $0.00–$4.00/mo, no balance waiver
- Chequing Account — No monthly fee
- Preferred account — $7.50/mo, no balance waiver
- Preferred account - 60+ Advantage — $2.50/mo, no balance waiver
- Preferred account - Student Advantage — No monthly fee
- Unlimited account — $14.75/mo, no balance waiver
- Unlimited account - 60+ Advantage — $9.75/mo, no balance waiver
- Unlimited account - Student Advantage — $5.75/mo, no balance waiver
- Youth Plan — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Laurentian Bank of Canada’s product page
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