SENIOR DISCOUNTS

Best Accounts for Seniors

Enjoy the perks of retirement. Compare accounts offering seniors discounts, free paper statements, and waived monthly fees.

BMO Bank of Montreal
BMO
Bank
of
Montreal
CDIC Insured

BMO Plus Chequing Account

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$12.95
Monthly Fee
CDIC Insured Free Interac e-Transfers Online and Mobile Banking
Earn a $100 Welcome Bonus
Get a $100 cash bonus.
Special Offer
Special Pricing: Seniors pay $8.95/mo. Newcomers get no-fee BMO Global Money Transfers.
Welcome Bonus
Earn $100
When you open an account
Get Started

On BMO Bank of Montreal's secure site

BMO Bank of Montreal
BMO
Bank
of
Montreal
CDIC Insured

BMO Premium Chequing Account

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$30.95
Monthly Fee
CDIC Insured Unlimited Transactions Access to No-Fee ATM Network International Money Transfers Online and Mobile Banking
Earn a $800 Welcome Bonus
Earn up to $800 cash + Walmart Delivery Pass! 1) Get $500: Open by June 1, 2026, and complete 2 of 3 tasks by July 31 (Direct Deposit of $500+, two $50+ bill payments, or two $50+ PADs). 2) Get $100: Maintain the $500+ direct deposit for 12 months. 3) Get $150: Open a Savings Amplifier, deposit $10k within 30 days, and maintain for 90 days. 4) Get $50: Create a Goal & Strategy in My Financial Progress.
Special Offer
Special Pricing: Students & Youth pay $13.00/mo. Seniors pay $26.95/mo. Newcomers get no-fee BMO Global Money Transfers. Canadian Defence Community members pay $13.00/mo.
Welcome Bonus
Earn $800
When you open an account
Get Started

On BMO Bank of Montreal's secure site

BMO Bank of Montreal
BMO
Bank
of
Montreal
CDIC Insured

BMO Performance Chequing Account

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$17.95
Monthly Fee
CDIC Insured Unlimited Transactions Access to No-Fee ATM Network International Money Transfers Online and Mobile Banking
Earn a $800 Welcome Bonus
Earn up to $800 cash + Walmart Delivery Pass! 1) Get $500: Open by June 1, 2026, and complete 2 of 3 tasks by July 31 (Direct Deposit of $500+, two $50+ bill payments, or two $50+ PADs). 2) Get $100: Maintain the $500+ direct deposit for 12 months. 3) Get $150: Open a Savings Amplifier, deposit $10k within 30 days, and maintain for 90 days. 4) Get $50: Create a Goal & Strategy in My Financial Progress.
Special Offer
Special Pricing: Students & Youth pay $0/mo. Newcomers pay $0/mo for 2 years. Seniors pay $13.95/mo. Indigenous customers pay $0/mo for 1 year. Canadian Defence Community members pay $0/mo. Newcomers get a small safety deposit box free for 12 months.
Welcome Bonus
Earn $800
When you open an account
Get Started

On BMO Bank of Montreal's secure site

CIBC
CIBC
CDIC Insured

CIBC Everyday® Chequing Account

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$4.00
Monthly Fee
CDIC Insured Free Interac e-Transfers Online and Mobile Banking
Special Offer
Monthly fee fully waived for Seniors 65+.
Get Started

On CIBC's secure site

CIBC
CIBC
CDIC Insured

CIBC Smart® for Seniors

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$0.00
Monthly Fee
CDIC Insured Unlimited Transactions Free Interac e-Transfers Online and Mobile Banking
Earn a $500 Welcome Bonus
Get $500 cash when you open a CIBC Smart Account and set up a recurring direct deposit plus 2 pre-authorized debits.
Welcome Bonus
Earn $500
When you open an account
Get Started

On CIBC's secure site

RBC Royal Bank
RBC
Royal
Bank
CDIC Insured

RBC Day to Day Banking

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$4.00
Monthly Fee
Free Interac e-Transfers Welcome Bonus Offer No minimum balance
Earn a $150 Welcome Bonus
Online Only Offer: Pay no monthly fee for your first year and receive 15,000 Avion Points upon completing qualifying criteria. Conditions apply.
Welcome Bonus
Earn $150
When you open an account
Get Started

On RBC Royal Bank's secure site

Scotiabank
Scotiabank
CDIC Insured

Scotia U.S. Dollar Daily Interest Account

Canada-wide USD Savings Account
0.00%
Interest Rate
$1.00
Monthly Fee
US Dollar Account
Special Offer
No fee for US dollar drafts purchased from this account. Free paperless recordkeeping.
Get Started

On Scotiabank's secure site

Scotiabank
Scotiabank
CDIC Insured

Basic Bank Account

Canada-wide CAD Chequing Account
0.00%
Interest Rate
$3.95
Monthly Fee
Free Interac e-Transfers
Special Offer
Monthly fee waived for Seniors, Indigenous Peoples, RDSP Beneficiaries, and recipients of the Disability Tax Credit or social assistance.
Get Started

On Scotiabank's secure site

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