Formerly known as President Choice Financial, now Simplii Financial. This banking feature offers free, no-fee banking and a decent interest rate. They have a credit card that’s popular and has no annual fee. You can earn cash back from purchases made on your account, check Simplii Financial for details. No fees on chequing account transactions of any kind. No minimum balance is required to use this account in tandem with savings

EQ Bank is another new no-fee chequing and savings account. No credit card as of yet. This bank offers a competitive interest rate and additional incentives for those who direct deposit their income.