Chequing account · Vancity Credit Union
Pay As You Go Chequing: fees and true cost
Vancity Credit Union’s Pay As You Go Chequing charges no monthly fee, with none included (each one is charged) transactions. For our “Everyday” example that comes to $246 a year, #32 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 | $100 | No monthly fee; extra transactions $8.30/mo | 22 of 70 |
| Everyday Household account, a few e-Transfers | $246 | No monthly fee; extra transactions $18.50/mo | 32 of 70 |
| Heavy Lots of card, bill and e-Transfer payments | $484 | No monthly fee; extra transactions $36.30/mo | 37 of 70 |
| Branch and cheques Teller visits, cheques, paper statement | $154 | No monthly fee; extra transactions $10.30/mo | 14 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 | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $0.50 |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | $0.90 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.50 |
| 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 | $0.50 |
| In-branch withdrawal | $0.70 |
| Bill payment in branch | $0.70 |
| Cheque (as a payment) | $0.50 |
| 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
N/A
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
- Essential Plus Chequing — $14.75/mo, or $0 with a $3,000 minimum balance
- 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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