Personal Finance

What's the best all inclusive chequing account right now?

  • Last Updated:
  • Apr 5th, 2018 3:37 pm
[OP]
Penalty Box
User avatar
Feb 10, 2007
10441 posts
1523 upvotes

What's the best all inclusive chequing account right now?

TD just pissed me off with their CC fraud protection so ended up canceling my all inclusive banking with them.

Which bank, CU chequing account have the best features right now? Would like to have similar features as TD all inclusive one ($5000 min balance)

Did a quick research and CIBC is coming on top right now. Anything I should watch out for?
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52 replies
Sr. Member
Nov 8, 2017
588 posts
246 upvotes
CIBC LOC.
Works like a cheque account. Unlimited transaction fees, free etransfers, and a cheaper( depending on interest rate) overdraft. I get half my pay direct deposited in my loc
Member
May 7, 2017
347 posts
160 upvotes
I left TD for CIBC . $3000 min balance .. rest of my savings in there CIBC promotion 2. something % till march.

TD is a crap shoot and only care about money .
Member
User avatar
May 7, 2017
397 posts
175 upvotes
Question: Is TD Fraud protection that bad? What happened?
Member
Aug 6, 2012
300 posts
408 upvotes
AURORA
Still think TD is the best - CIBC has the worst branch lines out of the big 5 and is constantly understaffed. If you don't have a PAD or DD, TD or BMO are the way to go.
Sr. Member
Nov 8, 2017
588 posts
246 upvotes
It's the only reason I got a LOC through them.
Deal Addict
Sep 7, 2004
1473 posts
363 upvotes
Toronto
BMO but the premium account which is equivalent to the TD All Inclusive is $6000 minimum balance but same great features.

Annual fee waiver for premium credit card, free personalized cheques, unlimited interac e-transfer, unlimited transactions, 10 free non-bmo atm withdraws per month.
Newbie
Aug 4, 2017
64 posts
37 upvotes
gqbluez wrote:
Nov 10th, 2017 10:25 pm
BMO but the premium account which is equivalent to the TD All Inclusive is $6000 minimum balance but same great features.

Annual fee waiver for premium credit card, free personalized cheques, unlimited interac e-transfer, unlimited transactions, 10 free non-bmo atm withdraws per month.
$6000 is a bit too high though.
Penalty Box
User avatar
Jul 11, 2008
4368 posts
1478 upvotes
Away from RFD idiots
gtx1050 wrote:
Nov 11th, 2017 12:06 am
$6000 is a bit too high though.
Op ballin with 200k+++ salary. 6k is nothing.
Delete account because there are way too many idiots on rfd
Newbie
Aug 4, 2017
64 posts
37 upvotes
mathiewannabe wrote:
Nov 11th, 2017 3:14 am
Op ballin with 200k+++ salary. 6k is nothing.
i take home more than $100k a year but $6k balance requirement is still too high.
rather choose td
Penalty Box
User avatar
Jul 11, 2008
4368 posts
1478 upvotes
Away from RFD idiots
gtx1050 wrote:
Nov 11th, 2017 9:38 am

i take home more than $100k a year but $6k balance requirement is still too high.
rather choose td
Td is 5k.

What's 1k more if you're taking home 100k+ after taxes?
Come on now.
Delete account because there are way too many idiots on rfd
Deal Addict
Feb 24, 2008
1599 posts
279 upvotes
User455957 wrote:
Nov 10th, 2017 7:23 pm
CIBC LOC.
Works like a cheque account. Unlimited transaction fees, free etransfers, and a cheaper( depending on interest rate) overdraft. I get half my pay direct deposited in my loc
That's interesting... how do you use a LOC as a regular bank account? Can you deposit your money in a LOC? Don't they charge interest if you draw money from the LOC?
I never had a LOC, so I don't understand how it works.

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