Choosing the wrong bank account can be a nightmare. Abusive fees, poor customer service, the risk of fraud and bad interest rates can disrupt anyone’s banking operations. But with so many options, it can be difficult to choose the right bank. The good news is that Canada has a number of fantastic banking options that are easy to implement for people of all financial backgrounds.

Here are some of the best banks currently on the market in Canada.

Tangerine

Tangerine is a high quality bank that offers a chequing account with many benefits. Not only is the account completely free, but you’ll also earn interest on your savings and be able to make unlimited debit card payments and Interac money transfers, as well as free cash withdrawals in over 3,500 Scotiabank ATMs in Canada. Savings left in Tangerine’s chequing accounts earn interest at a rate of between 0.05% and 0.15%, depending on the account balance.

Best of all, Tangerine is currently offering a generous $ 200 bonus for opening new accounts. To qualify for this bonus, you must open a new account, deposit a minimum of $ 250 in it and make a salary deposit or make two pre-authorized periodic payments of at least $ 50 each. These trades must continue for at least three months, after which the bonus of $ 200 will be deposited into your account. These conditions are fairly easy to meet if you use the account regularly, and therefore worth taking advantage of.

CIBC

CIBC is one of the leading banks in Canada and also offers a number of great account options. Signing up for any of her accounts online is quick and easy, and she offers a range of options from checking accounts to savings accounts. It also has a great promotion on new checking accounts. If you open a new Smart Chequing Account, you can receive a welcome bonus of $ 300 and not pay monthly bank charges for one year. To benefit from it, all you need to do is create a new account and, within three months, make a recurring direct deposit or two recurring pre-authorized debits (bill payment). That’s all! If you can maintain a balance of $ 3,000 in your account, there will be no monthly bank charges permanently,

The Smart Chequing Account also offers free Interac electronic transfer transactions, a debit card, free withdrawals at CIBC ATMs across Canada and the ability to perform an unlimited number of transactions. If you are able to maintain a balance of $ 6,000 in your account, you can upgrade to the Smart Plus account at no additional cost, which also includes a credit card and free, unlimited ATM withdrawals in Canada and the States. -United.⁴

Manulife Bank

Manulife Bank offers a wide variety of great bank account options. Particularly worth mentioning is the All-Inclusive Banking Package, which includes a checking account, high-interest savings account, no-fee Visa credit card with cash back, travel insurance, and a great mobile app. interesting. Best of all, it’s all completely free, as long as you save $ 100 per month in the savings account. If you are unable to save $ 100 per month, the full package is $ 10 per month.

Best of all, they are currently offering a special promotion for opening these accounts. You can get a free year on Amazon Prime (even if you’re already a member) by creating a new account and making 10 or more purchases in each of the first two months.

Their savings account currently earns 0.30% interest, and their checking account includes a debit card, free withdrawals at Canadian ATMs that are part of network, and free Interac electronic transfers.