We’re making some changes to our everyday banking packages
Here are the highlights.
Fees for safe deposit boxes & paper statements
There will be changes to associated deposit account charges, including increases for safe deposit boxes, and a new fee for paper statements.
We’re lowering other fees to help you save
We are reducing the interest rate for overdraft protection as well as the fee for non-sufficient funds (NSF). Learn about more ways to save.
We continue to provide affordable banking
While we’re increasing fees on some of our chequing accounts, we’re also maintaining no monthly fees for clients 25 and under and over 59, and a low-transactional, basic banking plan.
These changes will come into effect August 1, 2024.
ATB Advantage Account
| Fee | Current | Change effective August 1, 2024 |
|---|---|---|
| Monthly account fee | $21.95 | $24.95 |
| Monthly waiver fee1 | $5,000 | $6,000 |
This account is eligible for a Safe Deposit Box discount of $12.00.
Unlimited Account
| Fee | Current | Change effective August 1, 2024 |
|---|---|---|
| Monthly account fee | $9.95 | $15.95 |
| Monthly waiver fee1 | $2,500 | $4,000 |
Generation Account™
| Account terms | Current | Change |
|---|---|---|
| Maximum age for free banking | 19 years old or younger | 25 years of age and under effective June 1, 2024 |
| Interest paid on savings | 0.10% | 0% effective August 1, 2024 |
Students First Account
| Account terms | Current | Change |
|---|---|---|
| Account availability | No age maximum. Proof of student enrollment required every 2 years. | This account will no longer be offered2. Albertans 25 years of age and under, regardless of their student status, will now be offered free banking through a Generation Account. |
No-Fee All-In Digital Account®
| Details | Current | Change effective August 1, 2024 |
|---|---|---|
| Interest paid on savings | 0.05% | 0% |
Pay As You Go Account
| Fee | Current | Change effective August 1, 2024 |
|---|---|---|
| Bill payment fee | $1.25 | $2.00 |
| Fee for withdrawals and transfers made in-branch, at ABMs, through Client Care or telephone banking | $1.15 | $1.75 |
Basic Account
| Fee | Current | Change effective August 1, 2024 |
|---|---|---|
| Fee for withdrawals and transfers made in-branch, at ABMs, through Client Care or telephone banking | $1.00 | $1.25 |
Additional Services and Associated Deposit Account Charges
Applied to all deposit accounts
| Fee | Current | Change effective August 1, 2024 |
|---|---|---|
| Overdraft protection fee (item handling fee) | $5.00 | $3.50 |
| NSF: cheque or other debit item (mortgage payment, e-transfers, USD Cheques) | $45.00 | $38.00 |
| Overdraft interest (retail product only) | 19.25% | 17.25% |
| Paper statement monthly fee - single account (e-statements are free) | Free | $2.00 |
| Paper statement monthly fee - consolidated account (e-statements are free) | Free | $3.00 |
| Cheques written in other currencies | $15.00 | $20.00 |
| Online stop payments for cheques and EFTs | $12.00 | $12.50 |
| In-branch stop payments for cheques and EFTs | $12.00 | $20.00 |
| ABM Network Fees (Non-ATB ABM withdrawal) | $1.50 | $2.00 |
| Unclaimed Account 2 years (2nd notice) | No fee | $20.00 |
| Registered plan transfers to other financial institution | $50.00 | $100.00 |
| External transfers to other FIs through branch | No fee | $5.00 |
Safe Deposit Boxes
| Safe Desposit Box size | Current | Change effective August 1, 2024 |
|---|---|---|
| 1.5 x 5 x 24 | $40.00 | $55.00 |
| 2.5 x 5 x 24 | $60.00 | $75.00 |
| 2.5 x 10 x 24 | $75.00 | $90.00 |
| 5 x 5 x 24 | $90.00 | $135.00 |
| 5 x 10 x 24 | $160.00 | $235.00 |
| 10 x 10 x 24 | $275.00 | $350.00 |
| Steel chest | $300.00 | $375.00 |
Ways to Save
Switch to e-statements
Save money & the planet. There will soon be fees for paper statements.
Sign in
Move to our Unlimited Account
Unlimited transactions & fee waiver with min. $4,000 monthly balance1
Meet with us
Avoid monthly fees at 59+
If you’re over 59, our Freedom Account is for you with no monthly fees
Find out more
Move to our Advantage Account
Some credit card fee waivers & monthly fee waiver with $6,000/mo min. balance1
Explore this account
Consider our Generation Account
Unlimited transactions & no monthly fee for clients 25 and under
Learn more
Optimize your safe deposit box
Choose the right size & get lower fee with Advantage & Freedom Account
Meet with usAre you in the right account?
This is a great opportunity to make sure your current account is the right one for what you need today. We can help.
Frequently Asked Questions
ATB has not increased our personal banking fees since 2015. These upcoming changes were a necessary decision. However, even following these changes, our monthly account fees will remain some of the lowest cost options when compared with other financial institutions. We use the revenue generated from bank fees to invest back into our presence across Alberta and our client tools, technology and service, allowing us to continue supporting our communities and delivering the expertise you expect from us.
We’re here to help if you want to review your banking plan to make sure it fits your needs and your budget. Book an appointment or reach out to your ATB branch.
Learn about some of the ways you can save and optimize your banking package.
If you are an existing Freedom Account holder, your monthly fees will not change. However, you may see some changes in associated fees.
The new fees will come into effect on August 1, 2024. These changes will be reflected on your following monthly statement, or in your transaction history on ATB Personal.
You can save on fees and help the environment by switching to e-statements. Visit your local branch to change your statement preference.
We are no longer offering our Students First Account and instead, offering free banking to anyone 25 years of age and younger through our Generation Account. If you are currently in a Students First Account, and 25 years of age and under, you will be transitioned into a Generation Account. If you are 26 or older, please connect with us to explore which account is best for you and your needs.
The account type is displayed on ATB Personal (web) but not within the mobile experience. You can also refer to your bank statement or contact your branch.
The fee changes for safe deposit boxes will be applied on a go-forward basis. So, the increase will be charged on your next annual payment date and is not prorated.
If you are an existing Springboard Saving Account holder, your monthly fees will not change. However, you may see some changes in associated fees.
Tell us what’s on your mind
Why choose ATB?
Meeting our clients where they need us
We deliver great client experience through our ATB locations, Client Care & digital banking.
Digital banking
We continue to enhance our ABMs & develop digital tools that matter to our clients.
Fraud awareness & prevention
We provide best-in-class cyber security insights to our clients to help combat fraud threats.
Get expert advice & added value
Book a one-on-one conversation to talk about the right banking package for you.
Alberta's bank in the community
In 2023, ATB contributed $1.4B to Alberta & $2.7M to worthy causes.
Fees are waived if an end of day balance is maintained in the account for each day of the month.
Current Student Firsts Account holders who are 25 years of age and under will be transitioned to a Generation Account. Current Students First Account holders 26 years of age and over will be transitioned into a new fee-based account determined by current account usage.
Most of our accounts have a monthly service fee, which covers a set number of transactions and services. The fee is automatically debited from your Account every month. If our fees or the included transactions and services change, we promise to let you know in advance. We also charge fees for transactions and services that aren’t covered in your monthly service fee. These fees come out of your Account at or around the time you make the transaction or use the service. 35 Form 2972 (Rev. 1/24) Our current fees for transactions and services are always available online at atb.com/accounts or in any branch. All fees are charged in the currency of the Account. If you owe us or any of our affiliates (like ATB Securities Inc.) any amount for any reason, you agree that we can deduct amounts from one or more of your Accounts to repay some or all of that debt or liability. We’ll also deduct, from any of your Accounts, any amount that we have paid you or credited to one of your Accounts if we determine that an Item is in any way fraudulent or has an endorsement error, or if we determine that we may incur a loss if the payment or credit is not reversed. In any of these cases, we’ll charge for all of the costs that we incur. You acknowledge that, in deducting any of these amounts from your Account, we may create an overdraft in your Account. Refer to the Overdraft Protection section for details.
Related documents: ATB Personal Account Agreement (PDF)