Personal Finance

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

  • Last Updated:
  • Nov 19th, 2017 7:40 pm
[OP]
Penalty Box
User avatar
Feb 10, 2007
9769 posts
1023 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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32 replies
Newbie
Nov 8, 2017
25 posts
8 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
281 posts
119 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 .
Sr. Member
Jan 9, 2011
904 posts
476 upvotes
Vancouver
E Package Chequing at Vancity credit union. $1,000 minimum balance, no fees. Better than any bank I can find.
Newbie
May 7, 2017
46 posts
6 upvotes
Question: Is TD Fraud protection that bad? What happened?
Member
Aug 6, 2012
246 posts
393 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.
Deal Addict
Sep 7, 2004
1224 posts
228 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
36 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.
Deal Addict
Jul 11, 2008
4103 posts
1346 upvotes
gtx1050 wrote:
Nov 11th, 2017 12:06 am
$6000 is a bit too high though.
Op ballin with 200k+++ salary. 6k is nothing.
Newbie
Aug 4, 2017
64 posts
36 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
Deal Addict
Jul 11, 2008
4103 posts
1346 upvotes
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.
Deal Addict
Feb 24, 2008
1397 posts
200 upvotes
Mississauga
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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