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 may be right for you. It includes all the features our chequing account offers, with no monthly fee.

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

Payments by cheque
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 self-serve transactions a month

See the Product and services guide to fees for more information.

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, call 1-866-888-1379 to find out more.