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Chequing Accounts

Chequing accounts to match your unique needs, with simplified fees. Go figure!

All of our chequing accounts include these services:

  • Access to THE EXCHANGE® Network (3,600 ATMs across Canada)
  • Deposit cheques with the PenFi mobile app
  • Pay with your debit or credit cards from your phone
  • Interac e-Transfer® (fees may apply)
  • Unlimited free deposits
  • Free access to the PenFi mobile banking app, online banking, and branches across Niagara and Haldimand

Open an account

Pay-As-You-Go Chequing Account¹

A great account for Members with light banking needs.

Key Features 

  • No monthly fee
  • $1.50 per e-Transfer
  • $1.00 per transaction
  • Unlimited free deposits
Get Started
Service Fee Brochure →

Preferred Chequing Account¹

Banking with benefits for a small monthly fee.

Replaced PenBasic as of March 1, 2021.

Key Features 

  • $5.00 monthly fee
  • Includes 10 free transactions
  • 4 free e-Transfers (rebated at month-end)
  • $1.00 per additional transaction
  • Unlimited free deposits
Get Started
Service Fee Brochure →

Unlimited Chequing Account¹

Unlimited banking with premium benefits.

Replaced PenPremium as of March 1, 2021

Key Features 

  • $15 monthly fee (waived when you maintain a balance of $3,000)
  • 4 free e-Transfers (rebated at month-end)
  • Unlimited transactions
  • Unlimited free deposits
  • 4 free official cheques
Get Started
Service Fee Brochure →

Senior Chequing Account (60+)¹

Banking with privileges you’ve earned.

NEW! The Senior Chequing Account (60+) now includes 4 free e-Transfers.

Key Features

  • No monthly fee
  • Unlimited transactions
  • Free bank drafts
  • Free in-branch transactions
  • 4 free e-Transfers (rebated at month-end)
  • 15% off safety deposit boxes
Get Started
Service Fee Brochure →

Student Chequing Account (25 & Under)¹

The ultimate chequing account for students.

Key Features 

  • No monthly fee
  • 4 free e-Transfers (rebated at month-end)
  • Unlimited transactions
  • Interest earned just like a savings account
  • Deposit cheques with your phone
Get Started
Service Fee Brochure →
¹Products, rates, and fees are subject to change without notice.
 

Contact us to open an account

Ready to set up a new account that matches your daily banking needs? Our Advisors are here to help.

Fill out to form, book an appointment online, or give us a call at 1-866-272-4275 and we can get you started today.

 

 
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PenFinancial Credit Union is a licensed credit union operating in, and under the laws of the province of Ontario.