Chequing account · Vancity Credit Union
Chequing Plus (age 65+): fees and true cost
Vancity Credit Union’s Chequing Plus (age 65+) charges no monthly fee, with unlimited transactions. For our “Everyday” example that comes to $24 a year, #10 of 71 chequing accounts offered in British Columbia.
Provincial insurerSeniorsOffered 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 | $0 | No monthly fee | 11 of 71 |
| Everyday Household account, a few e-Transfers | $24 | No monthly fee | 10 of 71 |
| Heavy Lots of card, bill and e-Transfer payments | $48 | No monthly fee | 10 of 71 |
| Branch and cheques Teller visits, cheques, paper statement | $30 | No monthly fee | 2 of 56 |
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 | 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 | $2.00 |
| 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 | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $2.50 |
| 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
First-named joint account holder age 65+ is eligible for the following special pricing: Vancity USD draft - free Post-dated cheques held for deposit - free Cheque retrieval / tracing - free Standing order set up / amendment - free Discount on Safety Deposit Box Rental - $5.00 No charge on Paper Statement fee in a month in which you are age 70 or older.
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 Vancity Credit Union
- Chequing Plus (Youth under 25) — No monthly fee
- Essential Chequing — $9.75/mo, or $0 with a $1,500 minimum balance
- Essential Plus Chequing — $14.75/mo, or $0 with a $3,000 minimum balance
- Pay As You Go Chequing — No monthly fee
- Total Chequing Account — $25.75/mo, or $0 with a $6,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Vancity Credit Union’s product page
Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.