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Before opening a bank account, it is very important to consider the banking fees and charges as there are many options available to Canadians. Whenever you plan on opening a bank account, start by conducting a research of different banking institutions and find one that best suits your needs. In Canada, banks offer accounts with different options and specials. Therefore making a comparison between them especially when it comes to account fees is important.
Chequing accounts are very convenient for daily banking needs. The best thing about chequing accounts is there are many banks and financial institutions offering no fee chequing accounts.
The different types of chequing account fees
Before opening an account it is very important to know and understand what fees you'll be paying for the services. These are the 4 types of fees one is likely to pay when opening a chequing account: