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Chequing Accounts

Chequing accounts to match your unique needs, with simplified fees. Go figure!

All of our chequing accounts include these services:

  • Access to THE EXCHANGE® Network (3,600 ATMs across Canada)
  • Deposit cheques with the PenFi mobile app
  • Pay with your debit or credit cards from your phone
  • Interac e-Transfer® (fees may apply)
  • Unlimited free deposits
  • Free access to the PenFi mobile banking app, online banking, and branches across Niagara and Haldimand

Open an account

Please note that effective June 1, 2025, our Chequing Account features and fees have been updated. For all details of the new pricing and features, please visit our account changes page.

Unlimited Chequing Account¹

Unlimited banking with premium benefits.

Replaced PenPremium as of March 1, 2021

Key Features 

  • $20 monthly fee (waived when you maintain a balance of $5,000)
  • 99 free e-Transfers (rebated at month-end)
  • Unlimited transactions
  • Unlimited free deposits
  • 50% rebate on Collabria Mastercard® annual fee
Get Started
Service Fee Brochure →

Preferred Chequing Account¹

Banking with benefits for a small monthly fee.

Replaced PenBasic as of March 1, 2021.

Key Features 

  • $7.00 monthly fee
  • Includes 18 free transactions
  • 4 free e-Transfers (rebated at month-end)
  • $1.00 per additional transaction
  • Unlimited free deposits
Get Started
Service Fee Brochure →
NEW!

Senior Unlimited Chequing Account (60+)¹

Banking with even more privileges you’ve earned.

Key Features 

  • $10.00 monthly fee (waived when you maintain a balance of $5,000)
  • 99 free e-Transfers (rebated at month-end)
  • Unlimited transactions
  • 2 free bank drafts
  • 1 free cheque order annually
  • 50% rebate on Collabria Mastercard® annual fee
Get Started
Service Fee Brochure →

Senior Classic Chequing Account (60+)¹

Banking with privileges you’ve earned.

Key Features

  • $3.00 monthly fee (waived when you maintain a balance of $2,500)
  • Unlimited transactions
  • Free in-branch transactions
  • 4 free e-Transfers (rebated at month-end)
Get Started
Service Fee Brochure →

Pay-As-You-Go Chequing Account¹

A great account for Members with light banking needs.

Key Features 

  • No monthly fee
  • $1.50 per e-Transfer
  • $1.00 per transaction
  • Unlimited free deposits
Get Started
Service Fee Brochure →

Student Chequing Account (25 & Under)¹

The ultimate chequing account for students.

Key Features 

  • No monthly fee
  • 99 free e-Transfers (rebated at month-end)
  • Unlimited transactions
  • Interest earned just like a savings account
  • Deposit cheques with your phone
Get Started
Service Fee Brochure →
¹Products, rates, and fees are subject to change.
 

Contact us to open an account

Ready to set up a new account that matches your daily banking needs? Our Advisors are here to help.

Fill out to form, book an appointment online, or give us a call at 1-866-272-4275 and we can get you started today.

 

 
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PenFinancial Credit Union is a licensed credit union operating in, and under the laws of the province of Ontario.