Senior chequing fee rebates at Canadian banks
A senior rebate is a discount on a named chequing account, at an age the bank prints. It is not the student offer and it is not the newcomer offer. This page is the monthly fee each bank printed for that age rule on 20 October 2026.
Last updated: October 20, 2026
Last checked: Oct 2026
The monthly fee after the age rebate
Opened 20 October 2026. Everyday accounts without the age rebate are on monthly chequing account fees by bank. Student accounts are on Canadian student chequing account fees. 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 sign in to the bank.
| Account | Age the page prints | Fee after the rebate |
|---|---|---|
| RBC Day to Day, Advantage, Signature No Limit, VIP | 65 or older | The booklet says you do not have to apply. Day to Day Banking is $4.00, rebated to $0. Advantage Banking is $12.95, rebated by $4.00 to $8.95. Signature No Limit Banking is $16.95, rebated by $4.00 to $12.95. VIP Banking is $30.00, rebated by $7.50 to $22.50. Only one monthly fee rebate per account owner applies. If you qualify for more than one, RBC applies the greater discount. |
| TD All-Inclusive, Unlimited, Every Day, Minimum | 60 or older | The seniors page prints a rebate of $8.50 on All-Inclusive, leaving $22.45, or $0 if the minimum daily balance is kept. Unlimited is a $6.00 rebate, leaving $11.95, or $0 with the balance. Every Day is a $3.75 rebate, leaving $8.20, or $0 with the balance. Minimum Chequing is a $3.95 rebate to $0 only for seniors collecting the Guaranteed Income Supplement. It is not $0 for every person over 60. |
| Scotiabank Basic, Basic Plus, Preferred, Ultimate | 60 or older | The companion booklet prints a seniors discount of $3.95 on Basic Banking (monthly fee $3.95), $4.00 on Basic Plus ($11.95) and Preferred ($16.95), and $7.00 on Ultimate ($30.95). The Preferred page prints senior pricing of $12.95. The seniors page prints Ultimate at $23.95 after the $7 discount, or $0 when the balance waiver applies. |
| BMO Practical, Plus, Blue Rewards, Performance, Premium | 60 or older | The booklet prints Practical at $0.00, Plus at $8.95, Blue Rewards at $13.95, Performance at $13.95, and Premium at $26.95. You register at a branch with proof of age, and the $4.00 senior discount applies when you turn 60. Seniors also get one monthly paper statement at no charge on the Practical Plan, and Overdraft Transfer Service at no additional charge. A joint account qualifies if one owner is 60 or older. |
| CIBC Smart for Seniors | 65 or older | Clients 65 and older are enrolled automatically. The Smart Account section prints a $16.95 fee rebate and says you pay $0. The same PDF says that on 1 January 2027 the Smart Account fee becomes $17.95 and a $16.95 seniors rebate rises to $17.95, and the account still prints pay $0. Everyday Chequing prints a $4.00 monthly fee discount and no monthly fee for up to 18 transactions. Clients 65 and older do not pay the Interac e-Transfer fee on any CIBC chequing account. |
What the rebate leaves in place
A lower monthly fee is one line. TD still prints the balance rule beside the senior price. Scotiabank still prints the balance waiver beside the senior price. CIBC still counts transactions on Everyday Chequing after 18. BMO still says you pay fees that are not included in the plan.
A US age rule is a different set of accounts, on US checking fee waivers at age 62.
Questions
- Is every Canadian bank free at 65?
- No. RBC Day to Day rebates to $0 at 65. RBC Advantage rebates to $8.95. TD Minimum is $0 for seniors only when they collect the Guaranteed Income Supplement. Other TD accounts print a partial rebate at 60.
- Do I have to ask RBC for the seniors rebate?
- The deposit booklet says you do not have to apply. It applies automatically. Only one monthly fee rebate per account owner is used, and RBC applies the greater discount if you qualify for more than one.
- Does the senior price remove ATM fees?
- The pages opened here are monthly account fees. A non-bank ATM fee is a separate line. Read that sentence on the same bank's fee list.
Sources
Related guides
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