0.001%
Open a new BMO chequing account online and get a bonus up to $900 with our limited time special offer.
CA$17.95
CA$4,000 daily balance to waive monthly fee
Unlimited transactions per month
The BMO Performance Chequing Account stands out as the top choice because it offers unlimited transactions and a substantial cash bonus for new customers. Its combination of features and promotional offers makes it a compelling option for those looking for flexibility in their banking.
Pros:
- Unlimited transactions
- Cash bonus offer
Cons:
- Monthly fee unless balance is maintained
- Low interest rate
2.Scotiabank Preferred Package
Scotiabank
N/A
Earn up to $700 when you open a new Preferred Package and complete qualifying transactions.
CA$16.95
CA$4,000 daily balance to waive monthly fee
Unlimited debit and Interac e-Transfer transactions
What sets this account apart is the first-year fee waiver on select credit cards and the ability to save on account fees by maintaining a minimum balance. This package provides significant value for those who can meet the balance requirement.
Pros:
- First year fee waiver
- Unlimited transactions
Cons:
- Monthly fee if balance is not maintained
- No interest paid
3.Simplii High Interest Savings Account
Simplii Financial
4.60%
CA$0
CA$0
The standout feature here is the promotional interest rate of 4.60% for the first five months on new deposits, making it an attractive option for savers looking to maximize their returns without incurring fees.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited to new eligible deposits
- Standard rates apply after promotional period
Final Words
In conclusion, the best bank accounts in Canada this June 2026 offer a variety of features tailored to meet different financial needs, such as the BMO Performance Chequing Account with its unlimited transactions. Be sure to compare these options carefully to find the account that best suits your lifestyle and financial goals.
Frequently Asked Questions
The BMO Performance Chequing Account offers unlimited transactions per month and charges a monthly fee of CA$17.95. It also has an interest rate of 0.001%.
The Scotiabank Preferred Package has a monthly fee of CA$16.95 and does not offer any interest rate on balances.
The Simplii High Interest Savings Account offers an attractive interest rate of 4.60% and has no monthly fee.
The Simplii High Interest Savings Account has the lowest monthly fee at CA$0.
Yes, both the BMO Performance Chequing Account and the Scotiabank Preferred Package offer unlimited transactions, but they come with monthly fees.
The Simplii High Interest Savings Account stands out with an interest rate of 4.60% as of June 2026.
Whether it is worth paying a monthly fee for a chequing account depends on your banking needs. Accounts like the BMO Performance Chequing Account offer unlimited transactions, which may justify the fee for frequent users.
