Chequing account · YNCU
Simply Free Chequing: fees and true cost
YNCU’s Simply Free Chequing charges no monthly fee, with branch: 0 · self-serve: 12 transactions. For our “Everyday” example that comes to $435 a year, #80 of 106 chequing accounts offered in Ontario.
Provincial insurerOffered in ON
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 | $108 | No monthly fee; extra transactions $9.00/mo | 35 of 106 |
| Everyday Household account, a few e-Transfers | $435 | No monthly fee; extra transactions $34.24/mo | 80 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $900 | No monthly fee; extra transactions $71.03/mo | 78 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $210 | No monthly fee; extra transactions $15.00/mo | 51 of 94 |
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: 12 |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | $1.25 |
| 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 | $3.00 |
| In-branch withdrawal | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | $2.50 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | Not available |
| Overdraft protection, per use | Not available |
| Overdraft interest | Not stated |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
FSRA (Ontario credit union). 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 YNCU
- Everyday Chequing — $7.95/mo, no balance waiver
- Premium Chequing — $18.95/mo, or $0 with a $5,000 minimum balance
- Student Chequing — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · YNCU’s product page
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