Merit Account

59 or over and looking for an uncomplicated and inexpensive bank account to manage monthly income and payments? The Merit Account includes all access features that regular bank accounts offer, with no monthly fee. It features 10 free automated transactions per month including:

1 - Included

Fee table as at October 31, 2003 Merit Account
59 and over
Chequing Account
Fees subject to change
1 Please refer to the Products and Services Guide to Fees for additional information.
Flat monthly fee $0 $7
Transactions include: 10 from list below 30 from list below
Cheques 1 1
Preauthorized debits 1 1
Cash withdrawals at National Bank or EXCHANGE ABMs 1 1
Interac® direct payment 1 1
Transfers 1 1
Bill payments 1 1
Online access 1 1
Telephone banking 1 1
Monthly statement 1 1
Person-to-person transfers 1 1
4 free Interac® ABM network transactions (Prairies/Atlantic/Ontario) 1 1
Additional transaction fees Regular rate for any transaction after 101 Regular rate for any transaction after 301
Interac® ABM network transactions $1.50 $1.50
CIRRUS® ABM network transactions $3.00 $3.00