Part of the MITEY Network · independent, not a bankFees retrieved November 1, 2026 · lists checked October 30, 2026
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Institution profile · Provincial Crown financial institution

ATB Financial

ActiveATB FinancialGovernment guarantee

ATB Financial is an Alberta Crown financial institution — neither a federally chartered bank nor a credit union. Its deposits are guaranteed by the Government of Alberta.

Profile facts checked October 30, 2026
Mitey the Yeti peeking out from behind the ATB Financial index cards
Cheapest everyday account$0 a yearFreedom Account
Best posted savings rate0.5%Springboard Savings Account, on $10,000
Deposit protectionGovernment guaranteeProvincial Crown financial institution

At a glance

Legal name
ATB Financial
Type
Provincial Crown financial institution
Owner / parent
Crown in right of Alberta (agent of the Crown)
Head office
Edmonton, AB
Founded
1938 — Established by the Government of Alberta in 1938.
Regulator
Government of Alberta (ATB Financial Act); not OSFI
Cheapest everyday account
Freedom Account — $0 a year for the Everyday example
Best posted savings rate
0.5% on $10,000 (Springboard Savings Account)
Website
www.atb.com

Deposit protection

Not a CDIC member. Repayment of deposits and interest is guaranteed by the Government of Alberta under the ATB Financial Act (s. 14). Investments through ATB Securities are not covered.

ATB Financial chequing accounts and what they cost

ATB Financial lists 6 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Freedom Account at $0 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
AccountMonthly fee and waiverIncludedFees a year
Freedom AccountNo monthly feeUnlimited$0
Generation AccountNo monthly feeUnlimited$0
Unlimited Account$15.95/mo, or $0 with a $4,000 minimum balanceUnlimited$191
ATB Advantage Account$24.95/mo, or $0 with a $6,000 minimum balanceUnlimited$299
Basic Account$3.95/mo, no balance waiver15 a month$443
Pay As You Go AccountNo monthly feeNone included (each one is charged)$1,131

ATB Financial savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
AccountRate at $10,000Monthly fee
Springboard Savings Account0.5%No monthly fee
ATB Climber Savings Account0.3%No monthly fee

Facts, with sources

  1. Founded in 1938.
    Source: atb.com
  2. Became a provincial Crown corporation on October 8, 1997 under the ATB Financial Act and operates as an agent of the Crown in right of Alberta.
    Source: atb.com
  3. The ATB Financial Act provides that the Crown in right of Alberta guarantees repayment of deposits and interest.
    Source: kings-printer.alberta.ca
  4. Alberta’s consumer guidance says ATB is covered by the Government of Alberta’s deposit guarantee.
    Source: alberta.ca
Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip
Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank ATB Financial’s accounts against everyone else’s.

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