Chequing Account

Changes

Exciting changes to our Chequing Account packages

After listening to our Members in our most recent surveys, we're excited to announce that we have made significant investments into our digital offerings so that you can get the most out of your Membership with PenFinancial. As a result, as of March 1st, our Chequing Account packages will be updated to include up to 4 free Interac e-Transfers® each month.*

Additionally, you'll find a greater number of included transactions, a simplified pricing structure that includes a small incremental monthly fee increase, all while maintaining the same minimum monthly balance required for the fees to be waived.

Over the coming months, you'll notice a fully redesigned Online Banking and Mobile App experience that we believe will further enhance your digital experience.

And, as always, our Members will continue to have access to the ding free® network of over 40 ATMs in Niagara, and 3,600 ATMs across Canada without additional surcharges.

Please find the account changes and FAQ listed below. For any additional questions, please reach out to your PenFinancial representative.

Preferred Chequing

replaces PenBasic

$5

per month

10 included transactions

4 free Interac e-Transfers® per month (NEW)

$1 per additional transaction

Unlimited deposits

Most Popular

Unlimited Chequing

replaces PenPremium

$15

per month (waived with $3,000 MMB)*

Unlimited transactions

4 free Interac e-Transfers® per month (NEW)

Unlimited deposits

*Monthly account fee waived when you maintain $3,000 minimum monthly balance

Pay-As-You-Go Chequing

NEW

$0

per month

$1 per transaction

$1.50 per Interac e-Transfer® 

Unlimited deposits

Student Chequing

ages 25 & under

$0

per month

Unlimited transactions

4 free Interac e-Transfers® per month

Unlimited deposits

Senior Chequing

ages 60+

$0

per month

Unlimited transactions

Unlimited deposits

$1.50 per Interac e-Transfer®

Discounts on bank drafts and safety deposit boxes

 

Frequently Asked Questions

For more information

All Chequing Account Details →

Locate an ATM →

Contact an Advisor →

Book a meeting →

 

*Free Interac e-Transfers are included on the Student, Preferred, and Unlimited Accounts. Account packages subject to change without notice.