Chequing account · PC Financial
PC Money Account: fees and true cost
PC Financial’s PC Money Account charges no monthly fee, with branch: 0 · self-serve: unlimited transactions. For our “Everyday” example that comes to $18 a year, #4 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 | $0 | No monthly fee | 1 of 33 |
| Everyday Household account, a few e-Transfers | $18 | No monthly fee | 4 of 33 |
| Heavy Lots of card, bill and e-Transfer payments | $36 | No monthly fee | 4 of 33 |
| Branch and cheques Teller visits, cheques, paper statement | n/a | Can’t do: branch transactions, cheques, paper statements | — |
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 | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 19% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 and up | 2.2% |
Notes from the institution
PC Money™ Account is the only no monthly fee bank account that rewards you with PC Optimum™ points for your everyday banking and spending, and lets you earn interest on your savings balance. You can use your PC Money™ Account for all your banking activities like making everyday purchases, ATM withdrawals, bill payments, Interac e-transfer services, setting up pre-authorized payments and debits and for receiving your payroll or pension direct deposits. The PC Money™ Account also comes with an optional savings feature that allows you earn interest on your savings balance, Optional Overdraft Prot
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
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · PC Financial’s product page
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