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Monthly transactions by type
Monthly transactions by type
Bank account Purchase Interest Rate Transactions Additional fees Estimated monthly cost
0.15% Interest rate tiers
If balance is Rate
$0 - $49,999.99 0.15%
$50,000 - $99,999.99 0.55%
$100,000 or more 0.65%
tiered interest rate
Unlimited
$0
Transaction
$1
Interac e-Transfers
$0 Open account
% Interest rate tiers
If balance is Rate
%
tiered interest rate
Transaction
Interac e-transfers
Open account

Alterna Bank No Fee eChequing Account

Alterna Bank's No Fee eChequing Account offers unlimited day-to-day transactions for no monthly fee and no minimum balance required. It also includes two free interac e-Transfers per month and access to ATMs in The Exchange network. Since this account is an eChequing account, no teller-assisted transactions are available—all transactions must be done online. The account also provides interest on the funds held in the account. Since Alterna Bank is a division of Alterna Savings credit union, you must be a member of the credit union to be eligible for this account. This requires a one-time membership fee.