Low and No-Cost Banking

Did you know you can access low- or no-cost banking?

Low-cost accounts cost a maximum of four dollars per month in banking fees. The Government of Canada and certain financial institutions have an agreement to provide low-cost basic banking services.

Everyone can access a low-cost bank account. 

Some people may be eligible for a no-cost account:

• Youth
• Students
• Seniors getting the Guaranteed Income Supplement (GIS)
• Registered Disability Savings Plan (RDSP) beneficiaries

Learn more about services included in low and no-cost accounts. You can also contact your financial institution for more information about low or no-cost accounts.