Chequing Account
Available to existing LBC Digital clients only.*
Account features
$0
No monthly account fee1
No minimum balance required
Effective March 14, 2020, the annual interest rate for the LBC Digital Chequing Account changed to 0.00% for all tiers.
Current interest rates2 as of March 14, 2020
| ACCOUNT BALANCE | INTEREST RATE |
|---|---|
| $0 - $49,999.99 | 0.00% |
| $50,000.00 - $99,999.99 | 0.00% |
| $100,000.00+ | 0.00% |
|
| |
ATM THE EXCHANGE®† Network
Access to over 3,500 surcharge-free ATMs in every province and territory in Canada.
Questions?
How can I deposit money into my chequing account?
You can deposit money into your chequing account by linking the account with your other financial institution, through an internal account transfer or by depositing cash or a cheque at an EXCHANGE®† Network ATM.
Where can I access THE EXCHANGE®† Network ATMs?
Visit lbcdigital.ca/find-an-atm to find an ATM near you.
Fees
Fee schedule
Effective December 8, 2023
| Daily banking fees | |
|---|---|
| Monthly account fee | Free |
| Electronic fund transfers | Free |
| Cheque clearing | Free |
| Pre-authorized deposits/debits | Free |
| Bill payments | Free |
| ATM access fees3 | |
|---|---|
| THE EXCHANGE®† Network ATMs | Free |
| Accel®† debit payments network ATMs (U.S. only) | Free3,4 |
| INTERAC®† Network ATMs | $1.503 |
| PLUS®† Network ATMs (outside Canada) | $4.00 plus a 2.5% foreign currency conversion fee3,5 |
| Other fees | |
|---|---|
| Cheque supplies | Third party supplier fees apply. Fees vary by quantity and style |
| Stop payment with complete details | $12.50 |
| Stop payment with partial details | $20.00 |
| Bank draft | $10.00 |
| Early closure fee (within 90 days of opening) | $25.00 |
| Non-sufficient funds (NSF) | $50.00 |
| Returned items | $5.00 |
| Overdrawn interest rate | 21% per annum6 |
| Dormant annual account fees7 | |
|---|---|
| 2 years to 9 years | $25.00 per year |
| 10 years | $40.00 |
| Record keeping | |
|---|---|
| Monthly online statement | Free |
| Monthly paper statement | Free |
*The LBC Digital High Interest Savings Account (HISA), LBC Digital Chequing Account and non-registered LBC Digital GICs (purchased via onlinebanking.lbcfg.ca) are only available to existing LBC Digital clients. Restrictions may apply.
1Other fees may apply. Please see fee schedule for further details.
2LBC Digital Chequing Account rates as of March 14, 2020. All rates are subject to change at any time without prior notice. The applicable tier rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.
3Certain ATM operators, financial institutions and merchants may charge a convenience fee or a surcharge fee when using the INTERAC, PLUS, Accel or any other network other than THE EXCHANGE Network. These fees are not LBC Digital fees.
4Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at the exchange rate set by FICANEX Services Limited Partnership and Fiserv EFT in effect on the date the transaction is processed. Any fee charged by the ATM or network operator after conversion to Canadian dollars will then be added. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.
5Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at an exchange rate set by Visa International in effect on the date the transaction is processed. A fee of 2.5% of the transaction amount after conversion will be added, plus any fee charged by the ATM or network operator after conversion to Canadian dollars. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.
6Interest is calculated daily on the closing overdrawn balance and charged monthly. Each month you will deposit an amount that will cover the monthly overdrawn interest.
7Inactive account notices will be sent at two, five and nine years of inactivity. If inactive notice is acknowledged within 60 days, there is no charge. If the balance of the dormant account is less than the fee to be collected, the charges correspond to the remaining balance.
8LBC Digital HISA rates as of close of business on October 20, 2022. The 3.00% interest rate applies to deposits up to and including $500,000 and 3.00% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
*PLUS is a trademark of Visa. Visa Int., used under license.
®†THE EXCHANGE is a registered trademark of Fiserv, Inc., licensed for use in Canada by FICANEX Services Limited Partnership.
®†Accel is a registered trademark of Fiserv, Inc. or its affiliates.
Savings Account
Earn up to
3.00%8
High Interest Savings Account
Work hard, save hard. Smart saving habits start with a great interest rate and we’re here to deliver.
