Chequing account · Vancity Credit Union
Essential Plus Chequing: fees and true cost
Vancity Credit Union’s Essential Plus Chequing charges $14.75/mo, or $0 with a $3,000 minimum balance, with branch: 1 · self-serve: unlimited transactions. For our “Everyday” example that comes to $201 a year, #22 of 70 chequing accounts offered in British Columbia.
Provincial insurerOffered 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 | $177 | Monthly fee $14.75 | 44 of 70 |
| Everyday Household account, a few e-Transfers | $201 | Monthly fee $14.75 | 22 of 70 |
| Heavy Lots of card, bill and e-Transfer payments | $225 | Monthly fee $14.75 | 21 of 70 |
| Branch and cheques Teller visits, cheques, paper statement | $232 | Monthly fee $14.75; extra transactions $2.10/mo | 39 of 55 |
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 | $14.75/mo, or $0 with a $3,000 minimum balance |
| Included transactions | Branch: 1 · 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 | $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 | $0.70 |
| Bill payment in branch | $0.70 |
| 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
Miscellaneous fees including the Paper Statement fees are not waived by the minimum monthly balance waiver.
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
- Chequing Plus (age 65+) — No monthly fee
- Essential Chequing — $9.75/mo, or $0 with a $1,500 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
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