Chequing accounts

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.