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Chequing Account Perks to Take Advantage Of

When you open a chequing account at most banks, there are some perks that come with it. Similar to the rewards associated with rewards cards and even credit cards, your chequing account comes with promotions and free services that are worth getting excited about. Let’s explore some of them.


Interac e-Transfer

Transfer from one Canadian bank account to another, without the need for any banking information such as account numbers provided on either end, are highly convenient since they can be done from your phone. All you need to provide is the email associated with the bank account you wish to send the money to and voila. Your money can be received by the recipient instantly.

Although Interac e-Transfers are a low-cost service, normally only up to $2 in fees, some chequing accounts shave even that. If your account is among them, you can send and receive money without worrying about any additional charges.



Several banks offer a rewards system to their clients. In fact, there are special accounts that clients can request which are associated with specific rewards systems. Among the most popular third-party rewards choices are the Air Miles rewards and SCENE points, but several banks also offer their own rewards cards that you can collect points on. These points can be used in much the same way as the points on any rewards system; at retailers, on flights, and on a host of merchandise and appliances.


Mobile Banking

This one may seem obvious, but it is still important. To compete in the modern market, your bank offers a mobile banking system which can help you to eliminate banking papers from your life. This includes making payments, deposits, and transferring money from chequing accounts to credit cards or saving accounts. Interac e-Transfers, if it wasn’t already made obvious, are a feature of mobile banking.


Discounts and Promotions

Most banks are associated with several retailers, restaurants, and entertainment facilities across Canada. They offer special rates to customers at these stores if they bank with a partner bank. Go to your bank’s website to see a list of the offers and discounts you are entitled to.


Budget tools

Most banks offer clients budgeting tools to help them manage their spending and save their money. These are tools that automatically incorporate your spending data and offer an interesting insight into your spending patterns. These tools are easy to use, and they can help you stick to the budget.

Saad Saad 01/26/2019
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