• September 14, 2019
• By admin
• Article
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5 Best Senior Banking Accounts

One of the many advantages of being a senior, are the associated discounts that are regularly available. Some of these advantages are found within Bank Accounts, where hard earned money can be saved. Here is a list of the 5 Best Senior’ Banking accounts for Canadians:

Smart for Seniors (65 years old+)

• Fee ranges from free to $10.00
• 12 transactions are free and every additional transaction is $1.25 to a cap of $10.00
• Free e-transfers
• Free Drafts and Money Orders
• Discounted Safety Deposit Boxes and Other Services
• Link : https://www.cibc.com/en/personal-banking/bank-accounts/senior-banking-offers.html

Practical Plan Account (60 years old+)

• No Monthly Fee
• 12 Transactions/each extra is $1.25
• Unlimited e-transfers (within transaction limit)
• All other BMO accounts are $4.00 off the regular price
• Link : https://www.bmo.com/main/personal/bank-accounts/seniors-banking/

Day to Day Banking (65 years old+)

• No Monthly Fee
• 12 Transactions/each extra is $1.25
• Unlimited e-transfers
• All other RBC accounts are $4 off the regular price

Senior Account (60 years old+)

• No Monthly Fee
• 12 Transactions (max of 4 at teller)/each extra is $1.25
• 2 free e-transfers a month/$1 for each extra
• Earn Scene Points
• All other Scotiabank accounts are $4.00 off the regular price
• Link : https://www.scotiabank.com/ca/en/personal/programs-services/senior-banking.html

Seniors Account (60 years old+ and receiving GIS)

• No Monthly Fee for seniors that are receiving the Guaranteed Income Supplement(GIS)
• 12 Transactions (max of 2 at teller)/each extra is $1.25
• All other TD accounts are 25% off the regular price for seniors
• E-transfers cost $0.50 for amounts under $100 and $1.00 for amounts over $100.00

Check back regularly for more updates to the list of 5 Best Senior’ Banking accounts for Canadians