For Canadians: Global No-Fee Chequing Acct From Citizen's Bank

27 Jun 2009 Curtis71 said

I came across this on another forum and I thought it would be well received in here:


Want no fees? Got no fees

Our Global Chequing Account is a new no-fee, easy to use account with no ATM fees worldwide*. At other banks, you may pay as much as $5 per transaction when you use your ATM card outside the country. With a Global Chequing Account, that fee is zero.

This account offers all the benefits of a regular chequing account, but with none of the extra charges.

the Global Chequing Account saves you money with:

* no fees for Canadian, US or international ATM withdrawals*
* no monthly fees or minimum balances
* no fees for debit card purchases in Canada or US
* no fees for direct deposits, account transfers, balance inquiries, bill payments and pre-authorized payments
* no fees for cheque books or cheque images that have cleared your account

additional features:

* convenient 24-hour web or phone access to your bank account
* withdrawal and deposit services through over 2,500 ATMs across Canada
* free paperless record keeping online or free paper statements
* interest calculated on the daily closing balance and paid monthly
* overdraft protection of $1,000 available upon qualification
* see the latest Schedule of Service Charges

Though I wouldn't be changing all my banking over to Citizen's just yet for the following reasons:

1. *Citizens Bank does not charge for ATM withdrawals worldwide but local ATM providers may impose a surcharge. In Canada, look for the over 2,500 EXCHANGE® or ACCULINK® ATMs to avoid the ATM surcharge.
(The EXCHANGE network is not widely spread.)

2. Their online banking interface is reportedly very poor.



Visas? Money? Where to go? Chat to us about travel.