Chequing account · Valley First
Tru Essentials Chequing Account: fees and true cost
Valley First’s Tru Essentials Chequing Account charges no monthly fee, with 12 a month transactions. For our “Everyday” example that comes to $536 a year, #64 of 70 chequing accounts offered in British Columbia.
CDICOffered in BC
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 | $130 | No monthly fee; extra transactions $10.80/mo | 33 of 70 |
| Everyday Household account, a few e-Transfers | $536 | No monthly fee; extra transactions $42.17/mo | 64 of 70 |
| Heavy Lots of card, bill and e-Transfer payments | $1,174 | No monthly fee; extra transactions $92.87/mo | 65 of 70 |
| Branch and cheques Teller visits, cheques, paper statement | $207 | No monthly fee; extra transactions $17.25/mo | 32 of 55 |
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 | 12 a month |
| Debit purchase in Canada (beyond included) | $1.50 |
| Online or mobile bill payment | $1.50 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $2.50 |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $1.50 |
| In-branch withdrawal | $1.50 |
| Bill payment in branch | $1.50 |
| Cheque (as a payment) | $1.50 |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | $3.00 |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
Debit transaction fee waiver for primary account holders under 19 years of age. $1.50 per additional debit transaction up to a maximum of $9 per month.
Is the money protected?
CDIC, as a brand of Tru Cooperative Bank. Shares one CDIC limit with Tru’s other brands. 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
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Valley First’s product page
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