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  • $28.95 Monthly Fee
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National Bank The Total Chequing Account Overview

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The National Bank The Total Chequing Account is one of the best chequing accounts out there. This chequing account is designed to suit the peculiar needs of business owners who conduct many transactions daily.

The National Bank The Total Chequing Account offers unlimited online and in-branch transactions. Account owners of specific ages enjoy discounts on their monthly fees, while those with a $6,000 balance can waive it.

This account comes with numerous benefits, few drawbacks, and other features that make it a good option.

However, is The Total Chequing Account the best option for you? Read this article to see all it has to offer and other alternatives you can consider.

National Bank The Total Chequing Account Features

The National Bank The Total Chequing Account is excellent for Canadian business owners. And its standout features include the following:

  • Free and unlimited Interac e-transfers
  • Account owners can take pictures of their cheques with the National Bank app to deposit them in their accounts.
  • Free stop payments for selected debits and cheques
  • Account users that are of age can use an integrated line credit of up to $5,000
  • Free digital account statements
  • Free paper account statements
  • Overdraft protection
  • Account owners get 100 free cheques every year

Pros of the National Bank The Total Chequing Account

When you open this Total Chequing account, you are entitled to a few benefits, such as:

Unlimited Branch Transactions

Although branch transactions are not free with this account, you can make as many as you want. So, if you prefer having the bank tellers handle your bank transactions, you can visit the branches as often as you wish.

150% Credit Card Cashback

New owners of The Total Chequing Account are entitled to a 150% discount when using an eligible National Bank Mastercard credit card.

Free Rental of a Safety Deposit Box

People who use the Total Chequing Account gain access to a free rental of a safety deposit box. Although this box is only free for the first year, it’s still a good deal for any account opener. After the first year, there will still be a 10% discount on the amount you’ll be paying.

Legal and Estate Assistance

Anyone age 16 and older who opens the Total Chequing Account gets unlimited access to a lawyer. This lawyer partners with FBA Solutions and is prepared to answer professional questions in many areas. These areas of interest include immigration, family, property, labour, etc.

Cons of the National Bank The Total Chequing Account

Below are some of the drawbacks that come with opening this account:

High Account Fees

This account comes at a monthly fee of $28.95. The discounts that come with the account depend on age, which is beyond an account owner’s control.

Fees to Waive Monthly Payments Are High

Although The Total Chequing Account’s monthly fees can be waived, the amount is too high. Not everyone can afford to keep $6,000 in their accounts.

National Bank The Total Chequing Account fees

If you’re considering this account, you need to be aware of the fees associated with it, which include:

  • Monthly fees: Canadians aged 0–16 pay $18 monthly, whereas those aged 18–24 pay only $13. People between the ages of 25 and 59 pay $28.95 monthly, while those 60 and up pay $23.95 monthly. However, the fee is waived if the account balance is $6,000 or more.
  • Passbook: $2.50 a month for each account.
  • Branch transactions, like withdrawals and transfers.
  • Debit card purchases and bill payments are free.
  • Interac e-Transfers are free.
  • Online fund transfers between your National Bank accounts are free.
  • Online and paper statements of account are free.

National Bank The Total Chequing Account special offers

The only offer that you can get from National Bank The Total Chequing Account is their credit card cashback. This offer rewards new account owners with $150 in cashback and a 10% discount in the following years.

National Bank The Total Chequing Account - comparewise

Other National Bank chequing account options

If you feel like the National Bank’s Total Chequing Account isn’t to your liking, you could consider other options. These are other chequing accounts offered by National Bank.

The Minimalist

This basic account will suit anyone who wants to carry out a few transactions. National Bank’s The Minimalist account offers 10 free online transactions and 2 free branch transactions monthly. This chequing account comes with a $3.95 monthly fee.

The Modest

This is like an upgraded minimalist account, allowing you to carry out more online transactions every month. National Bank’s The Modest account offers 30 free online transactions; however, each branch transaction costs $1.50 per transaction. This chequing account comes with a $10.95 monthly fee.

The Connected

This is the account for people who want unlimited online transactions. Branch transactions, on the other hand, cost $1.50 per transaction. This account comes with a $15.95 monthly fee.

How to open the National Bank The Total Chequing Account

If you want to open this chequing account, you can follow the instructions below:

  1. Visit the National Bank website, click “Open Account,” and click “Become a Client.”
  2. Select why you want an account from the onscreen options and enter where the money comes from.
  3. Fill out the required fields with your name, date of birth, phone number, mailing address, and email.
  4. Fill out your tax and employment information.
  5. Upload your ID card, your selfie, and submit your application.

National Bank The Total Chequing Account conclusion

The National Bank The Total Chequing Account is the best National Bank account to go for if you make numerous transactions monthly. This account offers unlimited monthly transactions and has waived most of its transaction fees, making them free.

You also get a safety deposit box for free, which is not accessible in most alternative accounts from National Bank. Opening a National Bank The Total Chequing Account also allows you to enjoy a $150 cashback in your first year.

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FAQs about the National Bank The Total Chequing Account

What is the minimum required to open the National Bank The Total Chequing Account?

No minimum amount is required to open a Total Chequing account with National Bank. However, a monthly charge is associated with each account based on your age bracket. The only way to avoid paying this fee is to maintain a balance of $6,000.

Is there an interest rate for opening the National Bank The Total Chequing Account?

No, there is no annual interest rate for opening any chequing account with the National Bank. You just need to settle the monthly fees attached to your account, and you’re good. Of course, if you have a balance of $6,000 or more in your account, you can waive this fee.

How many times can I enjoy the National Bank Mastercard Credit Card discount?

You can only enjoy the Mastercard credit card discount once. This cashback offer is only available for new account owners and can only be applied at enrollment. Apart from Mastercard, you can equally use this offer on eligible cards like World Elite, Platinum, and Syncro.

National Bank The Total Chequing Account Details

Monthly Fee
$28.95
Transaction Fee
No Fee
E-Transfer Fee
No Fee
Monthly Self Serve Transactions
Unlimited
Monthly Cheque Transactions
Unlimited
Monthly E-Transfers
Unlimited
Number of Monthly Transactions
Unlimited
Bank Draft Cost
No Fee
Travellers Cheques
No Fee
Personalized Cheques
Commission Fee
Overdraft Fee
$5.00
Paperless Statements
No Fee
Mailed Monthly Statements
No Fee
Other Features

National Bank The Total Chequing Account Contact

Phone Number
1-888-835-6281
Email
sbc-abs@nbc.ca
Hours
Monday to Friday, 7 am to 10 pm (ET) Saturday and Sunday, 8 am to 8 pm (ET)
Website
nbc.ca
Address
600 De La Gauchetière Street West, 4th Floor Montreal Quebec H3B 4L2 Canada
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National Bank The Total Chequing Account Details
  • Account Type : Chequing
  • Monthly Fee : $28.95
  • Monthly Transactions : Unlimited
  • Other Features :
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