Please note: All information about National Bank The Total Chequing Account has been collected independently by Finder and this product is not available through this site.30-second takeConsider The Total Chequing Account if you want unlimited access to your money with a few extra benefits thrown in.Look at other options if you don’t want to worry about a monthly fee (or maintaining your balance at a specified level).The monthly fee on this account is waived if you maintain a balance of $6,000 or higher.The basicsOpen a National Bank The Total Chequing Account and you can take advantage of the following features:Unlimited transactions. You can make unlimited online and in-branch transactions with this account. Debit card purchases, withdrawals, transfers and cheques are all included.Free Interac e-Transfers. You can also send an unlimited number of Interac e-Transfers without incurring any fees.Linked debit card. The Total comes with a linked debit card that you can use to make purchases in-store and online.ABM access. You can enjoy unlimited ABM use across the Interac and Cirrus networks. You can also use ABMs in THE EXCHANGE Network without incurring any extra fees.Free statements. You can access free account statements online or by mail.100 cheques. Signing up for a National Bank The Total Chequing Account also entitles you to 100 free personalised cheques per year.Free overdraft protection. Overdraft protection is also included if you have insufficient funds in your account to cover a transaction.Mastercard Send. With Mastercard Send, you can send fast international payments from your The Total account.Mobile and contactless payments. Google Pay, Apple Pay and Interac Debit are all supported to ensure fast and easy payments.Smartphone cheque deposits. Rather than visiting a branch to deposit a cheque, you can take a photo of it with your smartphone using the National Bank app.Free stop payments. When you need to stop payments for pre-authorised cheques and debits, you can do so for free.The perksThe Total Chequing Account also comes with a range of added benefits on top of its standard features:$5,000 line of credit. The Total account comes with an integrated line of credit of between $500 and $5,000. This product is subject to credit approval by the bank, and you can access the funds with your debit card, at the ATM or online. There are no management fees and a variable interest rate applies to the money you use.Credit card discount. You can save up to $150 after you sign up for an eligible National Bank credit card. Eligible National Bank credit cards are the Echo Cashback, Syncro, Platinum, World and World Elite.Legal and estate assistance. Thanks to National Bank’s partnership with FBA Solutions, account holders aged 16 or older can take advantage of unlimited access to a lawyer by phone or video conference. An estate settlement service is also included to help with tasks such as writing your will.Free and discounted safety deposit box rental. You can rent a safety deposit box for free for the first year after you open an account, then get a $10 discount on the annual safety deposit box fee in subsequent years.$0 commission share trading. You can buy and sell Canadian and US stocks, options and ETFs and pay $0 brokerage with National Bank Direct Brokerage. However, be aware that an annual fee applies to your brokerage account in many cases.What to watch out forThere are a few drawbacks to be aware of with the National Bank The Total Chequing Account:Fees apply. The fee structure of this account varies according to your age as follows:0–17 years: $18 a month18–24 years: $13 a month25–59 years: $28.95 a month60+ years: $23.95 a monthBalance requirement. The above monthly fee is waived if you can maintain an account balance of $6,000 or more. That’s a substantial sum to keep in a chequing account when it could potentially be working harder in a high-interest savings account.Perks may not be needed. If you don’t need a line of credit, discounted safety deposit box rental or free branch transactions, you may want to consider an account with a lower monthly fee.What should I know before I apply?If you’d like to apply for a National Bank The Total Chequing Account online, you’ll need to satisfy the following eligibility requirements:Be a Canadian resident.Be at least 14 years of age.Verify your identity online by uploading a selfie and a picture of your photo ID.How do I open a National Bank The Total account?If you’re already a National Bank customer, click the “Open an account” link on the bank’s website and then log into online banking to complete your application.If you’re a new customer, follow these simple steps:Click the “Open an account” link on the National Bank website and then click “Become a client”.Indicate how you intend to use your account.Specify the main source of your funds.Enter your name and date of birth.Provide your residential address as well as your phone number and email address.Enter details of your occupation and your tax information.Upload a selfie and a picture of your photo ID to verify your identity.Submit your application.Bottom lineIf you want the freedom of unlimited transactions and lots of extra perks on top, there are plenty of good reasons to check out the National Bank The Total Chequing Account. Just keep in mind that you’ll need to keep a balance of $6,000 or above to avoid a monthly fee. You should compare a range of chequing accounts before deciding which one is right for you.Frequently asked questions about National Bank The Total Chequing Account
Do I have to pay a monthly fee with the National Bank The Total Chequing Account?
A fee ranging from $13 to $28.95 a month applies to this account, with the exact fee varying depending on your age. However, you can avoid the monthly fee if you maintain an account balance of $6,000 or more.
Does The Total Chequing Account support Interac e-Transfers?
Yes. You can send unlimited e-Transfers from the account for free.
Will I need to pay any fees when I make an in-branch transaction?
No. Branch transactions are included in the unlimited transactions provided by The Total Chequing Account. Withdrawals, transfers and bill payments in a branch are all free of charge.
Does National Bank offer any other chequing accounts that support unlimited transactions?
The Connected Chequing Account supports unlimited digital transactions, but you’ll need to pay a fee each time you make a branch transaction. Check out our The Connected Chequing Account review for more information.
How can I contact National Bank customer service?
You can get in touch with the National Bank customer service team by phone, email, Messenger or by visiting a branch.
