{"id":2461,"date":"2021-11-10T12:46:10","date_gmt":"2021-11-10T20:46:10","guid":{"rendered":"https:\/\/www.nerdwallet.com\/ca\/?page_id=2461"},"modified":"2024-10-04T13:38:29","modified_gmt":"2024-10-04T20:38:29","slug":"bank-fees-and-charges","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges","title":{"rendered":"A Guide to Common Canadian Bank Fees and Charges"},"content":{"rendered":"\n<p class=\"\">Having a bank account makes it easier to save and spend your money, but in exchange for holding your cash and facilitating daily banking transactions, most banks charge fees. Bank fees can easily eat up hundreds of your hard-earned dollars each year. <\/p>\n\n\n\n<p class=\"\">More than 3 in 4 Canadians (76%) say they have paid a fee in the past 12 months, with the most common being a monthly bank maintenance fee (36%),\u00a0according to a survey of 1,030 Canadian adults conducted online by The Harris Poll on behalf of NerdWallet from September 3-6, 2024.<\/p>\n\n\n\n<p class=\"\">Whether you\u2019re tired of paying high bank fees or are learning about these fees for the first time, knowing why they exist and how to avoid them can put your money back where it belongs \u2014 your account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What are bank fees?<\/h2>\n\n\n\n<p class=\"\">Canadian banks facilitate their customers\u2019 banking activities and charge fees in return.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Common bank fees<\/h3>\n\n\n\n<p class=\"\">You may encounter fees based on either the service, account type or kind of <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/types-of-financial-institutions-in-canada\">financial institution<\/a> you choose.<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><strong>Monthly fee.<\/strong> This account maintenance fee is charged to keep your bank account active and your money secure. Some banks may waive the monthly fee if you keep a certain amount of money in your account at all times.<\/li>\n\n\n\n<li class=\"\"><strong>Transaction fee.<\/strong> Some bank accounts allow a certain number of free transactions before this fee is charged. Transactions include debit payments, ATM transactions and <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/how-to-transfer-money\">money transfers<\/a>.<\/li>\n\n\n\n<li class=\"\"><strong>Statement fee.<\/strong> A fee is often charged if you request paper <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-a-bank-statement\">bank statements<\/a> to be sent to your mailing address each month. However, access to electronic statements is free.<\/li>\n\n\n\n<li class=\"\"><strong>ATM fees. <\/strong>These fees are charged when you make an <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/how-to-use-atm\">ATM withdrawal<\/a> outside of your bank\u2019s ATM network, or you exceed the number of free ATM withdrawals included in your banking plan.<\/li>\n\n\n\n<li class=\"\"><strong>Non-sufficient Funds (NSF) fee.<\/strong> Your bank or credit union charges a NSF fee when a transaction exceeds your account balance and the payment is denied. You may be able to avoid this fee if you have <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-overdraft\">overdraft protection<\/a>.<\/li>\n\n\n\n<li class=\"\"><strong>Overdraft fee.<\/strong> This fee is charged when a transaction takes your account below a $0 balance. You will be charged a fee and interest for each day your account is overdrawn.<\/li>\n\n\n\n<li class=\"\"><strong>Interac e-transfer fee.<\/strong> Your bank may charge you a fee for each <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-interac-e-transfer\">Interac e-transfer<\/a>. Some bank accounts provide a certain number of free e-transfers, but if you exceed that number, you\u2019ll pay a fee.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to avoid bank fees in Canada<\/h2>\n\n\n\n<p class=\"\">In most cases, fees are standardized across all accounts within a single bank. You can avoid many of these day-to-day banking fees by selecting your bank and <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/types-of-bank-accounts\">account type<\/a> carefully.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Choose a no-fee bank account<\/strong><\/h3>\n\n\n\n<p class=\"\">Branchless banks like <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/tangerine-bank-review\">Tangerine<\/a>, Motus Bank, PC Financial and <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/eq-bank-review\">EQ Bank<\/a> often offer low or <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/best-no-fee-chequing-accounts\">no-fee chequing<\/a> and savings accounts.&nbsp;<\/p>\n\n\n\n<p class=\"\">Though these <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/online-banks-explained\">online banks<\/a> charge fewer fees, they may lack the same level of service and number of account options or features as a traditional bank, so keep that in mind when making decisions around where to bank and which types of accounts to open.<\/p>\n\n\n\n<p class=\"\">Digital-first banks may also offer higher interest than traditional banks on their <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-a-savings-account\">savings accounts<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Read the fine print<\/strong><\/h3>\n\n\n\n<p class=\"\">Before <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/how-to-open-a-bank-account\">opening a bank account<\/a>, make sure you read all the terms and conditions, banking agreements and fee statements. Though they can be hard to find, these documents are usually available in the fine print or the Terms and Conditions section of your bank\u2019s website.&nbsp;<\/p>\n\n\n\n<p class=\"\">You may receive hard copies of these documents once you open your account, but it\u2019s better to know the fee structure before you commit. This will help you compare and find the bank accounts with the lowest fees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pay attention to your balance<\/strong><\/h3>\n\n\n\n<p class=\"\">Since some banks waive monthly fees as long as you keep a minimum balance, it\u2019s helpful to pay attention to the funds you have in your account at all times. <\/p>\n\n\n\n<p class=\"\">Before committing to any unplanned expenses, mentally subtract the amount you\u2019ll need to maintain the minimum balance from your available account balance to make sure you can cover the cost.&nbsp;<\/p>\n\n\n\n<p class=\"\">If you have <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-nsf-fee\">non-sufficient funds<\/a> to complete a transaction, you\u2019re inevitably going to face an NSF charge.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stay under transaction and transfer limits<\/strong><\/h3>\n\n\n\n<p class=\"\">Banking plans that include unlimited transactions often have higher monthly fees. Make an effort to only withdraw funds from ATMs within your bank\u2019s network so you never get charged a fee.&nbsp;<\/p>\n\n\n\n<p class=\"\">Additionally, you can <a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/how-to-budget\">set up a budget<\/a> to always keep track of your regular expenses and so it\u2019s easier to stay within the transaction and Interac e-transfer limits each month.&nbsp;<\/p>\n\n\n\n<p class=\"\">These measures will prevent any surprise charges in your account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Book a meeting at the branch<\/strong><\/h3>\n\n\n\n<p class=\"\">If you\u2019ve been a long-time client at your bank, maybe it\u2019s time to book a meeting with a bank manager or a representative at your local branch. They may have the authority to waive fees, especially if you let them know when you\u2019re thinking about moving your account elsewhere to cut costs.&nbsp;<\/p>\n\n\n\n<p class=\"\">Review your account transactions with them to see if there\u2019s anywhere they could possibly lower or waive your fees altogether. Some examples of what they can do include lowering your monthly fees, consolidating all your banking services into one package with one monthly charge payment, or finding you a better <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-interest-rate\">interest rate<\/a> to offset your costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Set up text or email alerts<\/strong><\/h3>\n\n\n\n<p class=\"\">If possible, activate text and email alerts to know when an automatic payment is withdrawn, a deposit is completed or your bank balance dips below a predetermined level. These alerts will help you avoid things like NSF charges, overdraft charges, monthly account fees and transaction overage fees.&nbsp;<\/p>\n\n\n\n<p class=\"\">In addition, staying aware of what\u2019s happening in your bank account at all times will also help you avoid fraud and identity theft. These bank alerts will enable you to spot any suspicious transactions that you\u2019ll be able to report before they cost you your money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Opt for a banking package<\/strong><\/h3>\n\n\n\n<p class=\"\">Many of Canada\u2019s major banks offer packages that bundle banking services together for one monthly price. These services may include debit transactions, account transfers, Interac e-transfers and international money transfers. <\/p>\n\n\n\n<p class=\"\">If you frequently use these facilities, you may save on individual or multiple pay-per-use charges by agreeing to pay a consolidated amount in the form of monthly fees.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Go for the multi-product rebate<\/strong><\/h3>\n\n\n\n<p class=\"\">Sometimes banks have special offers that let you earn cash back or a monthly fee rebate in exchange for using multiple banking products, or completing a qualifying task at the same bank, such as setting up a <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/direct-deposit-explained\">direct deposit<\/a> and a recurring <a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-pre-authorized-debit\">pre-authorized debit payment.<\/a> <\/p>\n\n\n\n<p class=\"\">It\u2019s worth keeping an eye out for these additional savings opportunities.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-brand-dark-green-color has-alpha-channel-opacity has-brand-dark-green-background-color has-background is-style-dots\" style=\"margin-top:20px;margin-bottom:20px\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">Survey Methodology<\/h4>\n\n\n\n<p class=\"\">This survey was conducted online by The Harris Poll on behalf of NerdWallet from September 3-6, 2024 among 1,030 Canadian adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval.&nbsp;For this study, the sample data is accurate to within +\/- 3.6 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact Bria Weaver at&nbsp;bweaver@nerdwallet.com.<\/p>\n\n\n\n<div class=\"nwb-authors nwb-authors__footer wp-block-nerdwallet-blocks-authors-card\">\n\t<div class=\"nwb-authors__wrapper\">\n\t\t<h4 class=\"nwb-authors__title\">\n\t\t\tAbout the Author\t\t<\/h4>\n\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/Headshot_Siddhi-Jahagirdar-100x100.jpg\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Siddhi Bagwe photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\">\n\t\t\t\t\t\t<strong>Siddhi Bagwe<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Siddhi Bagwe is a content management specialist at NerdWallet Canada. Treating content marketing as an educational medium for readers, Siddhi believes in empowering them with the knowledge of personal finance&hellip;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\" title=\"Read more about Siddhi Bagwe\">\n\t\t\t\t\t\t\t<span>Read more about Siddhi Bagwe and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n\n\t<section class=\"c-block-card-grid container\"\n\t\t\t>\n\t\t\t\t\t<h4 class=\"c-block-card-grid__title\">\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t<div class=\"c-block-card-grid-scroll column-four\">\n\t\t\t<div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-1910\" class=\"c-block-card post-1910 page type-page status-publish has-post-thumbnail hentry content-classification-banking topic-type-of-banking-accounts cluster-other-types-of-bank-accounts\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-a-no-fee-bank-account\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"192\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/09\/GettyImages-1227563496-e1632949989924-460x192.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How No-Fee Bank Accounts Save You Money\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/what-is-a-no-fee-bank-account\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow No-Fee Bank Accounts Save You Money\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>No-fee bank accounts typically offer unlimited transactions with no monthly fee, making your everyday banking more affordable.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/Headshot_Siddhi-Jahagirdar-e1648746969870-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Siddhi Bagwe<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sandra-macgregor\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Sandra-MacGregor-e1626212852416-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Sandra MacGregor<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-1910 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-53401\" class=\"c-block-card post-53401 page type-page status-publish has-post-thumbnail hentry content-classification-banking topic-banking-syndications cluster-banking-syndications\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/reasons-to-use-a-bank-youve-never-heard-of\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"191\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2023\/12\/GettyImages-643145508-e1722269814312-460x191.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"3 Reasons It&#8217;s Finally Time to Switch Banks\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/reasons-to-use-a-bank-youve-never-heard-of\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\t3 Reasons It&#8217;s Finally Time to Switch Banks\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Smaller or lesser-known banks might be a better good fit with your financial goals \u2014 or the way you bank.\u00a0<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/Headshot_Siddhi-Jahagirdar-e1648746969870-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Siddhi Bagwe<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/helen-burnett-nichols\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/01\/Helen-headshot-1-e1641509856123-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Helen Burnett-Nichols<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-53401 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-262\" class=\"c-block-card post-262 page type-page status-publish has-post-thumbnail hentry content-classification-banking topic-banking-basics cluster-banking-miscellaneous\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/how-to-switch-banks\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"203\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/GettyImages-1260752753-460x203.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How to Switch to a New Bank or Credit Union in Canada\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/how-to-switch-banks\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow to Switch to a New Bank or Credit Union in Canada\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Unhappy with your bank? Switching to a new bank doesn\u2019t have to be hard \u2014 using a checklist can make for a smooth transition to your new institution.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/sjahagirdar\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/Headshot_Siddhi-Jahagirdar-e1648746969870-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Siddhi Bagwe<\/a><a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/hannah-logan\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/07\/Hannah-Logan-e1626212867388-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Hannah Logan<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-262 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-14053\" class=\"c-block-card post-14053 page type-page status-publish has-post-thumbnail hentry content-classification-personal-finance topic-personal-finance cluster-personal-finance\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/newcomer-to-canada-watch-out-for-scams\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/10\/GettyImages-1401542006-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"Are You a Newcomer to Canada? Watch Out For These Scams\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/personal-finance\/newcomer-to-canada-watch-out-for-scams\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tAre You a Newcomer to Canada? Watch Out For These Scams\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Canada has a reputation for welcoming newcomers, but new arrivals still need to be on the lookout for scams that target them, including phone scams, e-transfer scams and apartment rental scams.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/ca\/author\/clay-jarvis\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2022\/03\/IMG_20220329_114424-150x150.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-14053 -->\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.<\/p>\n","protected":false},"author":12,"featured_media":2463,"parent":100,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/article-sidebar.php","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":"[\"https:\\\/\\\/news-api.apple.com\\\/sections\\\/258a2d7c-962b-47be-93aa-4e3a3f4b4a02\"]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":""},"content-classification":[15],"topic":[103],"cluster":[201],"pp_author":[307],"acf":[],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank Fees and Charges: How to Avoid Them - NerdWallet Canada<\/title>\n<meta name=\"description\" content=\"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Fees and Charges: How to Avoid Them - NerdWallet Canada\" \/>\n<meta property=\"og:description\" content=\"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges\" \/>\n<meta property=\"og:site_name\" content=\"NerdWallet Canada\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NerdWallet\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-04T20:38:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/11\/GettyImages-1149141470-e1636576944725.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"885\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NerdWallet\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Siddhi Bagwe\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges\",\"name\":\"Bank Fees and Charges: How to Avoid Them - NerdWallet Canada\",\"isPartOf\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#website\"},\"datePublished\":\"2021-11-10T20:46:10+00:00\",\"dateModified\":\"2024-10-04T20:38:29+00:00\",\"description\":\"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nerdwallet.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking\",\"item\":\"https:\/\/www.nerdwallet.com\/ca\/banking\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A Guide to Common Canadian Bank Fees and Charges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#website\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/\",\"name\":\"NerdWallet Canada\",\"description\":\"NerdWallet, make all the right money moves.\",\"publisher\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nerdwallet.com\/ca\/?s={search_term_string}&submit=Search\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#organization\",\"name\":\"NerdWallet Canada\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg\",\"contentUrl\":\"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg\",\"width\":1,\"height\":1,\"caption\":\"NerdWallet Canada\"},\"image\":{\"@id\":\"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/NerdWallet\",\"https:\/\/twitter.com\/NerdWallet\",\"https:\/\/www.instagram.com\/NerdWallet\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bank Fees and Charges: How to Avoid Them - NerdWallet Canada","description":"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges","og_locale":"en_US","og_type":"article","og_title":"Bank Fees and Charges: How to Avoid Them - NerdWallet Canada","og_description":"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.","og_url":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges","og_site_name":"NerdWallet Canada","article_publisher":"https:\/\/www.facebook.com\/NerdWallet","article_modified_time":"2024-10-04T20:38:29+00:00","og_image":[{"width":2121,"height":885,"url":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/11\/GettyImages-1149141470-e1636576944725.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@NerdWallet","twitter_misc":{"Est. reading time":"6 minutes","Written by":"Siddhi Bagwe"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges","url":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges","name":"Bank Fees and Charges: How to Avoid Them - NerdWallet Canada","isPartOf":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#website"},"datePublished":"2021-11-10T20:46:10+00:00","dateModified":"2024-10-04T20:38:29+00:00","description":"Banks often charge fees for holding a bank account and using banking services. Common fees include monthly account fees, overdraft charges, wire payments and ATM fees.","breadcrumb":{"@id":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nerdwallet.com\/ca\/banking\/bank-fees-and-charges#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nerdwallet.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Banking","item":"https:\/\/www.nerdwallet.com\/ca\/banking"},{"@type":"ListItem","position":3,"name":"A Guide to Common Canadian Bank Fees and Charges"}]},{"@type":"WebSite","@id":"https:\/\/www.nerdwallet.com\/ca\/#website","url":"https:\/\/www.nerdwallet.com\/ca\/","name":"NerdWallet Canada","description":"NerdWallet, make all the right money moves.","publisher":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nerdwallet.com\/ca\/?s={search_term_string}&submit=Search"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.nerdwallet.com\/ca\/#organization","name":"NerdWallet Canada","url":"https:\/\/www.nerdwallet.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg","contentUrl":"https:\/\/www.nerdwallet.com\/ca\/wp-content\/uploads\/sites\/2\/2021\/06\/NerdWallet-bug.svg","width":1,"height":1,"caption":"NerdWallet Canada"},"image":{"@id":"https:\/\/www.nerdwallet.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/NerdWallet","https:\/\/twitter.com\/NerdWallet","https:\/\/www.instagram.com\/NerdWallet"]}]}},"_links":{"self":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/2461"}],"collection":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/comments?post=2461"}],"version-history":[{"count":25,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/2461\/revisions"}],"predecessor-version":[{"id":82094,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/2461\/revisions\/82094"}],"up":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pages\/100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/media\/2463"}],"wp:attachment":[{"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/media?parent=2461"}],"wp:term":[{"taxonomy":"content-classification","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/content-classification?post=2461"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/topic?post=2461"},{"taxonomy":"cluster","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/cluster?post=2461"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.nerdwallet.com\/ca\/wp-json\/wp\/v2\/pp_author?post=2461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}