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Chequing · Low-Transaction / Basic

BOFNC Minimum Chequing Account

BOFNC-CHQ-004
CAD
Active

Fees

Monthly fee
$3.95
Monthly fee (senior)
Fee waiver balance
Fee waiver condition
No balance-based waiver; $0 fee only for eligible groups (see eligibility)
Transactions included
12 / month (incl. 2 full-serve) + unlimited public transit
Extra transaction fee
$1.25
Interac e-Transfer fee

ATM fees

BOFNC ATM (domestic)
$0.00
Other ATM (domestic)
US / Mexico ATM
Other international ATM

Interest & overdraft

Interest bearing
N
Interest notes
Non-interest-bearing chequing account
Overdraft protection
Subject to approval; 21% annual interest on overdrawn balance
Debit card included
Y
Credit card rebate

Eligibility

Minimum age
Age of majority in province/territory of residence
Target segment
Seniors / Fixed Income / Low-Transaction Users
Eligibility
Age of majority; valid ID; SIN; Canadian resident. $0 fee requires proof of eligibility: GIS recipient, RDSP beneficiary, Indigenous Peoples of Canada, or Newcomer to Canada (1st year)

Key features

  • Low monthly fee
  • designed for minimal banking needs
  • Overdraft Protection available

Opening channels: Online; Phone; In-Branch

Catalog last updated 2026-08-15 · Source