In Canada, the "maximum" fee depends on the type of account you have and whether you have exceeded your plan's limits. While there is no single universal cap for every transaction, there are strict government regulations and industry standards that define the limits for most consumers. Click here.

 In Canada, the "maximum" fee depends on the type of account you have and whether you have exceeded your plan's limits. While there is no single universal cap for every transaction, there are strict government regulations and industry standards that define the limits for most consumers.

1. The "Low-Cost" Account Cap ($4.00)

Under a formal commitment with the federal government, all major Canadian banks must offer a "low-cost" chequing account with a maximum monthly fee of $4.00.

 * What it includes: At least 12 to 18 debit transactions per month (depending on the bank).

 * No-cost options: For many groups—including seniors receiving the Guaranteed Income Supplement, students, and newcomers—this $4.00 fee is often waived entirely ($0 per month).

2. Individual Transaction Fees ($1.25 to $2.50)

If you have a basic account and exceed your monthly transaction limit, or if you use a "pay-as-you-go" account, the standard fees for daily transactions typically fall into these ranges:

 * Standard Electronic Transactions: Most banks charge between $1.25 and $1.50 for each additional debit purchase or e-Transfer after you hit your limit.

 * In-Branch/Assisted Transactions: These are more expensive, often capped around $2.50 per transaction, as they require a teller's assistance.

3. ATM Fees ($1.50 to $5.00+)

Fees vary significantly based on whose machine you use:

 * Your Bank's ATM: Always $0.

 * Other Canadian Bank ATMs: Usually $1.50 to $2.00 (plus any fee the other bank charges, often totaling $3.00–$5.00).

 * Private/Convenience ATMs: Can range from $2.00 to $5.00 per withdrawal.

Summary Table

| Fee Type | Typical Maximum/Limit |

|---|---|

| Low-Cost Monthly Fee | $4.00 (Regulated) |

| Extra Debit Transaction | $1.25 – $1.50 |

| Teller-Assisted Transaction | ~$2.50 |

| Non-Bank ATM (Domestic) | $1.50 – $2.00 + Provider Fee |

| NSF (Insufficient Funds) Fee | $10.00 (Capped as of March 2026) |

> Note on NSF Fees: Previously, "Non-Sufficient Funds" fees were as high as $45–$50. However, the Canadian government has implemented a new cap of $10.00, effective no later than March 12, 2026.

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