First published on May 16, 2008
Citizens Bank, which has long been my favourite bank, will be introducing a no-fee chequing account called the Global Chequing Account with unlimited transactions and no minimum balance starting September 16, 2008. I am especially excited about this because it is the perfect companion to their Ultimate Savings Account, which is a Canadian high interest account.
Regarding ATM service, within Canada you still have to stick to THE EXCHANGE Network, HSBC, and National Bank ATMs to avoid paying any fees, but this covers quite a lot of ATMs! An added feature with the soon-to-be offered account is that Citizens Bank will waive their portion of any international ATM fees (although the other bank might still charge you).
I’ve written a more full article on the high interest savings site.