Alterna Bank
You might be paying for: Paid bank chequing ($5–$17/month)
A credit-union-owned chequing account with unlimited transactions — for no monthly fee.
What you get
- ✓No monthly fee, no minimum balance
- ✓Unlimited transactions
- ✓Free Interac e-Transfers
- ✓Federally regulated
What's different from the paid version
Smaller brand, fewer people have heard of it. Fewer integrations with some budgeting apps. But it's federally regulated and deposit-insured just like the big banks.
Perfect for
People who want to support a credit union model while getting the same features as the big banks.