Chequing account · Meridian Credit Union
Digital Chequing Package: fees and true cost
Meridian Credit Union’s Digital Chequing Package charges $14.00/mo, or $0 with a $3,000 minimum balance, with branch: 0 · self-serve: unlimited transactions. For our “Everyday” example that comes to $192 a year, #30 of 106 chequing accounts offered in Ontario.
Provincial insurerOffered in 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 | $168 | Monthly fee $14.00 | 55 of 106 |
| Everyday Household account, a few e-Transfers | $192 | Monthly fee $14.00 | 30 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $216 | Monthly fee $14.00 | 33 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $258 | Monthly fee $14.00; extra transactions $5.00/mo | 72 of 94 |
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 | $14.00/mo, or $0 with a $3,000 minimum balance |
| Included transactions | Branch: 0 · self-serve: unlimited |
| Debit purchase in Canada (beyond included) | $1.25 |
| 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 | $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 | $2.50 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | $5.00 |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
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?
Provincial deposit insurer. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
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 Meridian Credit Union
- Essential Chequing Package — $3.00/mo, no balance waiver
- Everyday Chequing Package — $9.00/mo, or $0 with a $2,000 minimum balance
- Student Chequing Package — No monthly fee
- Unlimited Chequing Package — $19.00/mo, or $0 with a $5,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Meridian Credit Union’s product page
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