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The Modest chequing account icon

The Modest Chequing Account

My simple package

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The ModestTM account at a glance

Show me the fees for
regular clients (age 18-59)
  • regular clients (age 18-59)
  • young people (age 0-17)
  • students (age 18-24)
  • seniors (age 60+)


flat monthly fee7






branch transactions2

Perfect if you're looking to:

  • Complete a moderate number of transactions
  • Maintain a minimum monthly balance of $3,000 in your chequing account

Open a chequing account in three easy steps

Step 1 icon

Make an appointment

Make an appointment at the branch of your choice.

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Meet with an advisor

Talk to an advisor to get tailored banking advice.

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Start banking

Start using your chequing account and enjoy the benefits!

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Do you already have an account with National Bank? Sign in to online banking to get this package.

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Save on monthly fees and get great perks with one of our offers for new clientsnewcomersprofessionals or students.

What you get


Onlinemobile and telephone banking

  • Transfers between accounts4
  • Transfers to another National Bank client4
  • Interac e-Transfer®,10
  • Sending an Interac e-Transfer
  • Withdrawal for one bill payment4
  • Cheque and pre-authorized debit
  • Account inquiries: balance, transaction history, etc.
  • Online statement

In stores and at the ABM

  • Purchase with your debit card5
  • Withdrawals, transfers and withdrawals for one bill payment5
  • List of transactions5

Branch transactions

At National Bank branches

  • Withdrawals: $1.50/transaction
  • Transfers: $1.50/transaction
  • Withdrawals for bill payment: $1.50/transaction
  • Bill payments: $2/bill

Other services

Complementary banking services

  • Cheques: Current rates in effect
  • Overdraft protection $5/transfer (max. $5/day)
  • Foreign currency bank drafts5: $7.75 ($5,000 or less)
    $12.50 (more than $5,000)
  • CAD bank drafts: $7.50
  • Statement sent by mail: $2.50/month/account
  • Access to cheque images

Little details that matter


The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee per account is charged.

Legal Disclaimers

1. Transactions carried out  at our ABMs, a participating merchant, through our online banking services (including our call centre) or those related to certain operations in your account. Please consult our Fee Guide for more details.

2. Transaction completed in National Bank branches during normal business hours.

3. Subject to credit approval by National Bank of Canada. Credit charges are not waived with this package. For more information on the Integrated Line of Credit, click here.

4. Services offered through our online banking services (including our call centre). These services provide access to accounts using a debit card number issued by the bank and a password chosen by the client, and allow clients to carry out various banking transactions including account, line of credit and credit card balance inquiries, transaction history requests (deposits and withdrawals), wire transfers, fund transfers to other National Bank account holders, requests to access documents, cheque images and bills, bill payments and cheque orders. Some features are not available through Mobile Banking Solutions. Certain browser versions are required to access National Bank online. For more information, visit the Browsers section for access to National Bank online and read the ABCs of Security.

5. Banking services providing account access by means of a debit card issued by National Bank and used at a National Bank automated banking machine or an automated banking machine in an affiliate network or point-of-service terminals or with other devices and technology made available to National Bank clients. These services allow clients to carry out a range of banking transactions including withdrawals, deposits, account, line of credit and credit card balance inquiries, transaction history requests (deposits and withdrawals), fund transfers and bill payments. Additional fees are charged for using the Interac® and CIRRUS® networks. No additional fees are charged for using THE EXCHANGE® ABM network.

6. For USD bank drafts, applicable fees are in USD.

7. Applicable conditions:

  • For all packages: discounts are applied upon presentation of supporting documents.
  • For The Modest, The Connected and The Total: the Student discount is for full-time students, aged 18 to 24 inclusively, attending a post-secondary institution, upon presentation of identity documents (proof of age), proof of full-time student status (proof of registration, course schedule or transcripts). Only for individual account holders. The package is validated annually by presenting the above documents.
  • The Minimalist package: No fees for Young people aged 0 to 17 upon presentation of identity documents (proof of age); no fees for Student aged 18 to 24 upon presentation of identity documents (proof of age) and proof of full-time student status (proof of registration, course schedule or transcripts); no fees for Seniors aged 65 and over upon presentation of eligibility for the Guaranteed Income Supplement; no fees for beneficiaries (aged 18 and over) of a Registered Disability Savings Plan (RDSP) upon presentation of proof of eligibility for an RDSP. To continue benefiting from no-fee banking, students must renew their package annually by presenting the above documents.

8. The cashback on the annual fees for a National Bank Mastercard credit card can only be applied one time, at enrolment.

9. Minimum 12-month rental in Canada. Certain conditions apply.

10. No fees for sending an Interac e-Transfer®. Fees apply to the Interac e-Transfer® itself if you exceed the number of transactions included in your package or if you do not have a package.

TM THE MINIMALIST, THE MODEST, THE CONNECTED and THE TOTAL are trademarks of National Bank of Canada.

® INTERAC and INTERAC e-TRANSFER are registered trademarks of Interac Inc. Used under licence.

® MASTERCARD and CIRRUS are registered trademarks of Mastercard International Inc. Authorized user: National Bank.


Not sure this account's right for you? Explore our other chequing accounts.

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Branch transactions

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