Merit Account

If you’re 59 or over and looking for an uncomplicated and economical bank account to manage your monthly income and payments, the Merit Account is right for you. It includes all of the features our chequing account offers, with no monthly fee.

Features

The Merit Account features 10 free self-serve transactions a month including:

• Cheques
• Pre-authorized payments
• Bill payments and transfers between accounts
• Interac™ direct payment purchases
• Cash withdrawals at any National Bank or THE EXCHANGE® Network of automated banking machines (ABMs)

You also get:

• Four free Interac™ ABM withdrawals in Ontario, Prairie and Atlantic provinces (not including convenience fees charged by some banks and privately owned ABMs)
• 200 free personalized cheques per year
• A monthly statement

Fees

With the Solutions Banking Merit Account:

• You get 10 free transactions a month.
• If you maintain a minimum daily balance of $2,500, we waive all your self-serve transaction fees for the month.

Ready to open your Merit Account?

Contact a financial security advisor to find out if the Merit Account is right for you. Or if you're already a Solutions Banking client, go to the Client Services section to find out more.