It costs more to bank in Canada than almost anywhere else in the world.

Monthly fee for a standard chequing account

The 5 biggest banks in Canada: $4+
Wealthsimple: Zero

Withdrawal from an ATM outside the network

The 5 biggest banks in Canada: $2–$5
Wealthsimple: Zero

FX fee for an ATM withdrawal outside Canada

The 5 biggest banks in Canada: 2.5%–3.5%
Wealthsimple: Zero

Monthly fee for a standard business chequing account

The 5 biggest banks in Canada: $5+
Wealthsimple: Zero

Monthly fee for a business chequing account with unlimited transactions

The 5 biggest banks in Canada: $5+
Wealthsimple: Zero

Each tax payment fee from a business chequing account

The 5 biggest banks in Canada: Up to $2
Wealthsimple: Zero

Monthly fee for overdraft protection

The 5 biggest banks in Canada: $5
Wealthsimple: Zero

FX fee to use a credit card for international purchases

The 5 biggest banks in Canada: 2.5% or more
Wealthsimple: Zero

Fee to receive a wire transfer from an external institution

The 5 biggest banks in Canada: $15–$17.50
Wealthsimple: Zero

Standard fee to trade a single equity option contract

The 5 biggest banks in Canada: $8.20+
Wealthsimple: Zero

Standard commission to make a single stock trade

The 5 biggest banks in Canada: $5–$10
Wealthsimple: Zero

Charge when a minimum balance or number of trades per quarter isn’t met in a commission-based investment account

4 of the 5 biggest banks in Canada: $5–$10
Wealthsimple: Zero

Fee to transfer registered investing accounts to another institution

The 5 biggest banks in Canada: $120
Wealthsimple: Zero

There’s zero reason it should.

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Based on the posted rates and fees of Canada’s 5 largest banks as of August 5, 2026 for their standard or entry-level accounts, except where stated otherwise. Rates and fees may vary and are subject to change. Fee waivers and other discounts may apply based on client eligibility. Certain figures have been rounded to the nearest dollar. All investments involve risk. Refer to wsim.co/end-of-banking for full details.

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Why are we here? Because we knew there was a better way. To save more, trade smarter, lower fees, invest like a pro, and even earn real interest on a chequing account. Welcome to the fastest growing financial company in Canada. Built for what comes next.

As of April 21, 2026 Wealthsimple has the fastest asset and trading volume growth in Canadian online brokerages in 2025 according to data collected by Investor Insight and Institutional Shareholder Services Canada Inc.

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