LBC Digital Chequing Account


Every penny counts. Stop shelling out on monthly account fees and stay focused on what’s important.1

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Account features

$0

No monthly account fee1

No minimum balance required

Effective March 14, 2020, the annual interest rate for the LBC Digital Chequing Account changed to 0.00% for all tiers. 

 

FREE

No fees for
INTERAC e‑Transfer®†

Current interest rates2 as of March 14, 2020

ACCOUNT BALANCE INTEREST RATE
$0 - $49,999.99 0.00%
$50,000.00 - $99,999.99 0.00%
$100,000.00+ 0.00%


2 Rates as of March 14, 2020. All rates are subject to change at any time without prior notice. The applicable tier rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.

 

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ATM THE EXCHANGE®† Network

Access to over 3,500 surcharge-free ATMs in every province and territory in Canada.

Questions?

How can I deposit money into my chequing account?

You can deposit money into your chequing account by linking the account with your other financial institution, through an internal account transfer or by depositing cash or a cheque at an EXCHANGE®† Network ATM.

 

Where can I access THE EXCHANGE® Network ATMs?

Visit lbcdigital.ca/find-an-atm to find an ATM near you.

 

Fees

Fee schedule

Effective October 20, 2019

 

Daily banking fees
Monthly account fee Free
Send and receive an INTERAC e-Transfer®† Free
INTERAC®† Debit3 Free
Electronic fund transfers Free
Cheque clearing Free
Pre-authorized deposits Free
Bill payments Free
ATM access fees3
THE EXCHANGE®† Network ATMs Free
Accel®† debit payments network ATMs (U.S. only) Free3,4
INTERAC®† ATMs $1.503
PLUS®† Network ATMs (outside Canada) $4.00 plus a 2.5% foreign currency conversion fee3,5
Other fees
Cheque supplies Third party supplier fees apply.
Fees vary by quantity and style
Stop payment with complete details $12.50
Stop payment with partial details $20.00
Bank draft $10.00
Early closure fee (within 90 days of opening) $25.00
Non-sufficient funds (NSF) $50.00
Returned items $5.00
Overdrawn interest rate 21% per annum6
Dormant annual account fees7
2 years to 9 years $25.00 per year
10 years $40.00
Record keeping
Monthly online statement Free
Monthly paper statement Free

Disclaimer

 

1Other fees may apply. Please see fee schedule for further details.

2LBC Digital Chequing Account rates as of March 14, 2020. All rates are subject to change at any time without prior notice. The applicable tier rate is paid on every dollar in the account. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account.

3Certain ATM operators, financial institutions and merchants may charge a convenience fee or a surcharge fee when using the INTERAC, PLUS, Accel or any other network other than THE EXCHANGE Network. These fees are not LBC Digital fees.

4Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at the exchange rate set by FICANEX Services Limited Partnership and Fiserv EFT in effect on the date the transaction is processed. Any fee charged by the ATM or network operator after conversion to Canadian dollars will then be added. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.

5Foreign currency transactions made by debit card and any fees charged by the ATM provider are converted to Canadian dollars at an exchange rate set by Visa International in effect on the date the transaction is processed. A fee of 2.5% of the transaction amount after conversion will be added, plus any fee charged by the ATM or network operator after conversion to Canadian dollars. Since exchange rates fluctuate, the exchange rate applied to your account will usually differ from the exchange rate at the time of the transaction.

6Interest is calculated daily on the closing overdrawn balance and charged monthly. Each month you will deposit an amount that will cover the monthly overdrawn interest.

7Inactive account notices will be sent at two, five and nine years of inactivity. If inactive notice is acknowledged within 60 days, there is no charge. If the balance of the dormant account is less than the fee to be collected, the charges correspond to the remaining balance.

8LBC Digital HISA rates as of July 6, 2020. The 1.65% interest rate applies to deposits up to and including $500,000 and 0.65% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.

*PLUS is a trademark of Visa. Visa Int., used under license.

®†INTERAC, INTERAC e-Transfer and INTERAC Debit are registered trademarks of Interac Corp. Used under license.

®†THE EXCHANGE is a registered trademark of Fiserv, Inc., licensed for use in Canada by FICANEX Services Limited Partnership.

®†Accel is a registered trademark of Fiserv, Inc. or its affiliates.

 

Are you ready?

Get started

Apply for your LBC Digital Chequing Account today.

 

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Savings Account

Earn up to

1.65%8

 

High Interest Savings Account

Work hard, save hard. Smart saving habits start with a great interest rate and we’re here to deliver.

 

$0

$

No monthly account fee1

No minimum balance required

Withdraw funds at any time

How can we help you?

Bank with us

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Online banking

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Access your account online anytime

 
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ATM access

Over 3,500 ATMs across the country

 
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Contact us today

Real people ready to answer your questions

Monday to Friday, 8 a.m. ET – 10 p.m. ET

Saturday and Sunday, 9 a.m. ET – 5 p.m. ET

Monday to Friday,
8 a.m. ET – 10 p.m. ET

Saturday and Sunday,
9 a.m. ET – 5 p.m. ET

In order to answer your questions and reduce wait times, we invite you to go to our FAQ section.

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