Alterna Bank account fees

Monthly package fees

Opened 21 October 2026. The personal service fee PDF says page 1 is effective 1 April 2026. eChequing and High Interest eSavings print a monthly fee of Free, with no in-branch access. On the full-service chequing table, Basic is $4.00 a month, Value is $9.00, and Unlimited is $16.00. Pay As You Go and U.S. Chequing print Free. Seniors age 59 or older pay Free on Basic, $4.50 on Value, and $8.00 on Unlimited. The senior discount starts the month after the 59th birthday.

Basic is also free for the eligible groups named on the PDF: Registered Disability Savings Plan beneficiaries, Disability Tax Credit recipients, youth, students, and newcomers. Newcomers are eligible for a free account for their first year in Canada. Footnote 9 says the monthly fee is waived with a minimum daily closing balance of $1,000 for the entire month. Day-to-day transactions included are 20 on Basic, 35 on Value, and unlimited on Unlimited. Pay As You Go is pay per use. U.S. Chequing includes 2, and footnote 10 waives further day-to-day transactions that month with a $1,000 minimum daily closing balance.

Transactions past the package limit are $0.80 each at month end for the day-to-day list, including an in-branch withdrawal, a cheque, a pre-authorized payment, a bill payment, Interac Debit at a store, sending an Interac e-Transfer, and an external account transfer. Receiving an Interac e-Transfer is free. Deposits are free and do not count toward the monthly limit. eAccounts do not get in-branch services.

NSF, overdraft protection, and a few other lines

The NSF row is marked effective 12 March 2026. Canadian dollar accounts are CA $10.00. U.S. dollar accounts are US $5.00. The footnote says the NSF fee may be applied only once within a two-business-day period, and it is not charged if the account is overdrawn by less than $10. Each time a merchant or another institution presents the item and there is not enough money, Alterna may reject it and charge the fee. A later presentment can be charged again, outside that two-business-day limit.

Overdraft protection is $2.50 per month. Footnote 17 says that fee is not applicable to Quebec residents. An Interac ATM withdrawal is $1.90, and the ATM owner can add its own surcharge. A U.S. ATM withdrawal on Visa Debit, Visa PLUS, ACCEL, Cirrus, or Maestro is $3.00. An international ATM withdrawal on those networks is $5.00. The foreign transaction fee is 2.5% of the transaction value. An incoming wire is $10.00, and other parties can still charge. An outgoing wire is $30.00. An eStatement, including cheque images, is free. A paper All-in-One statement is free on Basic, Value, and Unlimited, $1 on Pay As You Go and on some savings rows, and $2 on eChequing and eSavings. A statement reprint or interim statement is $3.25.

Certified cheque and bank draft dollars on this PDF are already on certified cheque fees in Canada. The download steps, and the reminder that Alterna Savings uses a different login, are on how to download an Alterna statement. The big-bank monthly table does not include Alterna Bank. It is on monthly chequing account fees by bank.

The line on your own statement is the one that counts. Upload it on the upload page. The PDF stays on your device. Expenvo lists the lines. It does not call the bank.

Questions

What is Alterna Bank's monthly fee?

On the PDF effective 1 April 2026, eChequing and High Interest eSavings are free. Basic is $4.00, Value is $9.00, and Unlimited is $16.00, with the senior prices and the Basic waivers on that file. Pay As You Go and U.S. Chequing are free.

What is Alterna Bank's NSF fee?

Effective 12 March 2026, CA $10.00 on a Canadian dollar account and US $5.00 on a U.S. dollar account. It may be charged only once in a two-business-day period, and not if the account is overdrawn by less than $10.

Is this the same as Alterna Savings?

No. Alterna Bank and Alterna Savings use different websites. These dollars are from Alterna Bank's personal service fee PDF.

Sources

• Alterna Bank personal service fees, effective 1 April 2026 (PDF)
• Alterna Bank service fees

Related guides

• Download an Alterna statement
• Monthly chequing account fees by bank
• Canada NSF fees by bank
• Canadian bank fees on a statement
• Certified cheque fees in Canada