Pay $0 fees

No-Fee Bank Account

Save as much as $360/year in bank fees with Innovation’s no fee chequing account. Even Interac e-Transfer® is free and unlimited.

Join the 57,000+ members who bank with us!

Discover the benefits!

  • Pay no monthly fees
  • Enjoy free and unlimited Interac e-Transfers®
  • Discover no minimum balance requirements
  • Make unlimited transactions
  • Access free ATMs* across Canada

Get $300!*

Open a No-Fee Bank Account and you’ll earn a $300* welcome bonus! Plus, you’ll start saving as much as $360/year in bank fees.

Join the 34,000+ Canadians who pay no fees!

Are you ready to save up to $360/year with Innovation?

Welcome to Innovation Credit Union. A member-focused financial institution built specifically to achieve your money goals and not just to maximize profits like the big banks do.

Wondering how? Innovation Credit Union offers a No-Fee Bank Account. Truly no monthly fees, no hidden charges. Zip, zero, nothing nada!

Banks charge up to $30 a month in fees. meaning you could be saving up to $360 annually with us. Think of how many grocery runs that is. Plus, you'll enjoy free, unlimited Interac e-Transfers®.  And unlike big banks, you don't need to maintain a minimum balance of a few thousand bucks.

Open an account in minutes online or on your phone. And if you act now, you'll receive a $300 bonus for signing up.

Our No-Fee Bank Account is just a few clicks away. Come join the 34,000+ smart Canadians who enjoy paying no fees today.

Requirements for Account Opening

18+ years of age

Canadian resident

(not including Quebec)

Social Insurance Number

NOTE: These requirements are for online account opening only. If you're under 18 or not a Canadian resident, give us a call and we can help you over the phone.

Your SIN is also only a condition if you're opening an account online. If you prefer not to  provide your SIN, give us a call to apply over the phone at 1.866.446.7001.

Enjoy free banking

Save as much as $360/year in banking fees with your No-Fee Bank Account. Rest assured; there are no hidden charges.

Pay $0 for Interac e-Transfer®

Easily transfer funds to friends and family through Interac e-Transfer®. Transactions are free and unlimited.

Discover no minimum balance requirements

No matter what your balance, your account is free. There are no hidden rules or fees. It’s truly a no fee chequing account.

Make free, unlimited transactions

Get free, unlimited daily transactions, POS transactions, deposits, and withdrawals. Access your money anytime, anywhere with our app and online banking.

Access free ATMs* across Canada

Innovation members have access to a Canadian network of surcharge-free ATMs. Just look for the ding free!’ decal or download the ATM locator app.


Our No-Fee Bank Account has no monthly fees and no balance requirements. Save as much as $360/year in fees!


You earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.


Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.


We are real, but we are a credit union – which is just like a bank only you have more say in how we’re run.

Thousands of Canadians have an Innovation No-Fee Bank Account with us. We have been around for over 60 years. Many happy members think of us as a best kept banking secret.

Credit unions are not-for-profits created to serve members. We’re just like a bank except our customers (members) own us. Members join by paying a one-time membership fee of $5.

Our main goal is to provide better products and services to our members, not seek a profit like banks do. Any money we earn is invested back into the organization, issued as cash dividends to our members, or donated back into the community.

There’s no pressure to move everything. Try us out and if you like how much you save you can gradually switch more items over.

Give us a call at 1.866.446.7001 and we can help you switch payments and direct deposits quickly and safely from your current bank.

Stop paying bank fees

Keep more of your money! Start saving as much as $360/year in bank fees today. How will you spend your savings?

Need more help choosing an account?

Try the FCAC Account Selector.

No-Fee Bank Account available for personal use only. SIN is not required as a condition of opening an account. If you prefer not to provide your SIN for our online application, please visit one of our branch locations to apply or call 1.866.446.7001 for more information.

ATM transactions for the No-Fee Bank Account are free at ding free ATM locations.

Innovation Credit Union banking services are not available in Quebec.

Learn more about our accounts and services. Review our Account and Fee Information (pdf).