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ICICI Bank ICICI Bank

BEST FOR

Low-fee everyday banking that earns 

  • $4 monthly fee with waivers

  • Unlimited deposits & withdrawals

  • Earn interest on CAD balances

  • 3,000+ ABMs and branch access

VIEW INTEREST RATES

How to get maximum benefits?

  • Low monthly fee

    Pay $4 monthly, with fee waivers for eligible students, seniors and newcomers

  • Unlimited transactions

    Enjoy unlimited deposits and withdrawals for everyday banking with no transaction limits

  • Added convenience

    Get quick text alerts, low-cost international transfers and secure CDIC member protection

  • Earn interest

    Earn interest on your Chequing Account balance while managing everyday banking needs

  • Easy access

    Access funds online, by phone, in-branch or at 3,000+ ABMs via THE EXCHANGE® Network2  

FAQs

What is a Business Chequing Account?

A Business Chequing Account is a transaction-focused bank account designed for business entities to manage everyday financial operations separately from personal finances. It provides easy access to funds through online banking, phone banking, in-branch services and ABMs. This helps businesses manage cash flow, make payments, and track transactions more clearly and professionally.

What is the monthly fee for this account?

The Basic Chequing Account has a low monthly fee of $4. This fee may be waived for eligible customers such as students, seniors, newcomers to Canada (first year) and other qualifying groups.

DISCLOSURE STATEMENT OF FEES AND CHARGES

Are transactions limited on this account?

No. The account offers no-cost and unlimited deposit and withdrawal transactions, making it suitable for everyday banking without worrying about transaction limits.

Does Basic Chequing Account earn interest?

Yes. You earn interest on the balance maintained in your Canadian Dollar Basic Chequing Account while continuing to use it for daily banking needs.

How can I access my money?

You can access your funds online, by phone, in-branch or through 3,000+ ABMs located at ICICI Bank Canada branches and on THE EXCHANGE® Network.

How do I open a Basic Chequing Account?

To open the Basic Chequing Account, you need to visit one of ICICI Bank Canada’s branches and connect with a bank representative.

VIEW ALL FAQs

 

 

T&C apply*: All interest rates are expressed on a per annum basis and are subject to change at any time without notice. Interest on a Canadian Dollar Basic Chequing Account is calculated on the daily closing balance and paid monthly. Rates are subject to the account balance requirements set out above.

 

1 Proof of eligibility is required:

 

● For seniors (60 years and above) / youth (12 to 18 years): proof of age

 

● For students: proof of full-time enrollment at a post-secondary institution

 

● For RDSP beneficiaries: proof of beneficiary status on an RDSP

 

● Newcomers to Canada: proof of newcomer status

 

● Recipients of the Disability Tax Credit: proof of Disability Tax Credit

 

● Indigenous peoples: proof of Indigenous status

 

2Neither ICICI Bank Canada nor any of THE EXCHANGE network ABM providers impose a surcharge for ABM deposits, withdrawals and inquiries.

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