ATB Basic Account

3.1/5 our rating

Open account

Opens ATB's website

Monthly fee: $3.95; waivable
Transactions: 15 free; a month

Overview

ATB's low-cost account for Albertans who don't bank much. It comes with 15 transactions a month for a small fee, and the fee can be waived. Fine for paying a few bills. If you tap your debit card most days you'll run past the limit, and one of ATB's unlimited accounts makes more sense.

Fees

Account fees

Monthly fee

$3.95

eStatement

Included

Transactions

Free transactions / month

Highlights

15 debit transactions every month
Unlimited no-cost Interac^® e-Transfers
$1.25 each for in-branch or online withdrawals and transfers
$2.50 each for in-branch bill payments
$1.00 each for cheques
Reimbursement of up to $4.50 for an ABM withdrawal outside of Alberta but in Canada (one withdrawal per month)
Eligible for overdraft protection¹
Free paper statements

Legal

1. On approved credit. You pay the greater of $4.00 or monthly interest only if overdraft protection is used. Interest is calculated daily on the daily closing overdrawn balance at 17.25% per annum, charged and payable monthly.

2. ABM withdrawals are converted to Canadian dollars using an exchange rate 2.5% above the exchange rate set by Mastercard International Incorporated (which operates the Cirrus^® ATM Network). Some transactions may take a few days to be processed. You’ll be charged the applicable exchange rate on the day your transaction goes through your account, not necessarily the rate on the day you made the transaction

Interest rates are subject to change at any time without advance notice.

Interac e-Transfer is a registered Trademark of Interac Corp. Used under license.

Cirrus is a registered trademark of Mastercard International Incorporated. Used under license.