A chequing account is a bank account designed for everyday transactions, such as deposits, withdrawals, bill payments, and debit purchases. It provides easy access to your money through debit cards, online banking, and ATMs, often with no interest earned. There are no monthly maintenance fees for associated with chequing accounts at BCU, and depending on the account type, there may be monthly transaction limits and other one-off fees.
There is no monthly limit to transactions on personal accounts, however, some transactions have established fees while others – don’t. For business accounts, you can choose a package which includes a certain number of free transactions per month at a monthly fee. For more details on transaction fees, visit our Personal and Business banking fee sections.
Yes, you can link your chequing account to your savings account for easy transfers and automated savings.
Yes, your BCU Financial Member Card works like a debit card, allowing you to pay for purchases in stores wherever Interac® is accepted. Depending on the type of your account, fees may be applied for such transactions.
With your chequing account, you can make everyday transactions like deposits, withdrawals, bill payments, e-Transfers, and debit purchases. You can also cash in cheques and set up pre-authorized payments and transfers between accounts.
You can either open a personal chequing account at BCU Financial online, in the comfort of your home, through our convenient marketplace, or by making an appointment and visiting the nearest branch. You will need two pieces of valid identification, such as a passport, driver’s license, or permanent resident card. You may also need proof of address, your Social Insurance Number (SIN) and your work permit/visa if required. Additional documents might be needed depending on your status.
Yes, we use security measures like fraud monitoring, encryption, 2FA, transaction alerts and more to protect your accounts. If you notice any unauthorized transactions, report them as soon as possible for investigation and assistance.
You can deposit money into your savings account through transfers between accounts while logging into online or mobile banking, in-branch deposits, BCU ATMs, or direct deposit. Interac e-Transfers and pre-authorized contributions are also available for added convenience.
All personal accounts don’t have a minimum balance requirement.
Interest on your personal savings account is typically calculated daily and paid monthly. The exact timing may depend on the account type.
Yes, you can transfer money from your personal savings account to your chequing account through online or mobile banking, BCU ATMs, or in-branch services. Some accounts may have limits on the number of free transfers per month.
Yes, we use security measures like fraud monitoring, encryption, 2FA, transaction alerts and more to protect your accounts. If you notice any unauthorized transactions, report them as soon as possible for investigation and assistance.
You can either open a personal savings account at BCU Financial online, in the comfort of your home, through our convenient marketplace, or by making an appointment and visiting the nearest branch. You will need two pieces of valid identification, such as a passport, driver’s license, or permanent resident card. You may also need proof of address, your Social Insurance Number (SIN) and your work permit/visa if required. Additional documents might be needed depending on your status.
We offer youth accounts for children and teenagers, requiring a parent or legal guardian to be a joint account holder. Eligibility criteria may vary based on the account type and the child’s age.
Yes, a child’s account can be linked to a parent or guardian’s account for easy transfers and account management. Specific linking options may depend on the account type.
To open a youth account, you’ll need the child’s identification (such as a birth certificate or passport) and the parent or guardian’s valid photo ID (a passport, driver’s license, or permanent resident card). Additional documents, like proof of address, may be required depending on the account type.
Yes, youth accounts may have restrictions depending on the child’s age and account type. Limitations can include parental control, transaction number and amount limits, and restrictions on certain services like online and mobile banking or debit card access for younger children.
Yes, there may be limits on the amount of money that can be deposited or withdrawn from a BCU youth account, depending on the account type and the child’s age. These limits are typically set for security and account management purposes.
Yes, a BCU Member Card is issued with any type of account, however, for kids’ accounts below 14 years of age, only the parents can be the card holders. At the age of 14+, the teenager can have their own card, and a parent/guardian has parental control over the account as the joint account holder.
Parents have oversight of their child’s BCU account through joint account ownership, setting transaction limits, and restrictions on certain banking services. Depending on the account type, they may also monitor activity and approve specific transactions.
Mobile banking is available for children 14+ years old with the consent of the a parent/guardian. Some features may have restrictions or require parental oversight for security reasons.
A senior account offers benefits like lower service fees, free transactions, free certified cheques, free mailed statements, preferred foreign exchange rates, and convenient banking options tailored for retirees. This type of account helps seniors manage their finances more efficiently while maximizing savings.
BCU offers seniors lower service fees, free transactions, free certified cheques, free mailed statements, and preferred foreign exchange rates.
To apply for a seniors account, book an appointment for a branch visit or a video call with one of our Financial Services Officers, having with you a valid identification document with proof of age, such as a passport or driver’s license. Additional documents may be required depending on the account type.
A seniors account can be opened by individuals of 65 years of age and above.
Yes, you can transfer money from your personal savings account to your chequing account through online or mobile banking, BCU ATMs, or in-branch services.
BCU Financial offers several options for members with limited mobility or accessibility needs, including online and mobile banking, telephone banking through our Contact Centre, remote video calls with your Financial Services Officer, and accessible services and facilities at the branches. You can also set up power of attorney or designate a trusted individual to help manage your account.
