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Chequing Accounts


  • Available in both Canadian Dollars & US Dollars.
  • No Interest is paid on deposit balances lying in the chequing account (Latest Interest Rates)..
  • A monthly account maintenance fee of CAD $20.00 / USD $20.00 shall be charged to the chequing account. (Latest Service Charges)
  • This monthly account maintenance fee will be waived if you maintain a daily balance of CAD $2500.00 / USD $2500.00 for the entire month in your chequing account. (The billing cycle for the account maintenance fee is each calendar month)
  • 2 free debit transactions per month are included in the monthly administration fee.
  • Additional charge on debit transactions over and above the 2 free transactions included in the monthly administrative fee is CAD $1.00 / USD $1.00 per debit transaction. (in currency of the account)
  • Safety of Deposits: SBI Canada Bank is a member of CDIC. (To find out information about deposit insurance from the Canada Deposit Insurance Corporation including what instruments and/or products are eligible for deposit insurance, visit their website http://www.cdic.ca/. Information on deposit insurance is also available in the CDIC brochure entitled "Protecting Your Deposits")
  • USD Deposits are not eligible for deposit insurance. 

How to Open an Account Click Here



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