Freedom Account

View Terms and Conditions

1. One free personalized cheque order per calendar year (limited styles).

2. Clients must apply and meet the eligibility requirements. Clients are allowed one account per client BP (accounts are limited to 1 per combination of account holders). Clients must be 59 years old or older. On joint Freedom Accounts, a minimum of one account holder must be 59 years old or older.

3. On approved credit. You pay the greater of $4.00 or monthly interest only if overdraft protection is used. Interest is calculated daily on the daily closing overdrawn balance at 17.25% per annum, charged and payable monthly.

4. ABM withdrawals are converted to Canadian dollars using an exchange rate 2.5% above the exchange rate set by Mastercard International Incorporated (which operates the Cirrus^® ATM Network). Some transactions may take a few days to be processed. You’ll be charged the applicable exchange rate on the day your transaction goes through your account, not necessarily the rate on the day you made the transaction.

5. *ATB Essentials Banking Offer - 

   The cash payout will be made into the eligible Springboard Savings^Ⓡ account (up to $200) no later than 180 days from the first eligible account opening and all offer criteria has been met, which includes: 

   1. ATB Essentials Banking Offer begins on July 23, 2025. Clients MUST be 18 of age, resident of Alberta, non-ATB employee. Limit of one (1) Banking Offer (ATB Adulting Essentials, ATB Essentials, ATB Essentials Plus), or one (1) Mastercard^Ⓡ Offer per client. 
   2. To qualify for the cash payout, you must not have held (either individually or jointly) any personal ATB chequing account (including Pay As You Go, Basic, Unlimited, ATB Advantage, Generation™ No-Fee All-In Digital^Ⓡ, Freedom account, Students First), and/or Springboard Savings account and/or any personal ATB Mastercard (including ATB Gold Cash Rewards Mastercard, ATB Gold My Travel Rewards Mastercard, ATB Gold My Rewards Mastercard, ATB World Elite Mastercard, ATB Preferred Fixed-Rate Mastercard, ATB Preferred Variable-Rate Mastercard, ATB Alberta Mastercard, ATB US Dollar Mastercard), and/or unsecured lending product (including Personal Loan, Investment Express Loan, RRSP Max-It^Ⓡ Loan or Personal Line of Credit, Students First Line of Credit, Apprenticeship Line of Credit, Professional Students Line of Credit) in the previous 3 years from the first eligible account opening.
   3. Clients must provide a valid email address. This will be used to communicate the status of qualification criteria and payout.
   4. The ATB products must remain active and be in good standing. Chequing account must not be in an unauthorized overdraft or in delinquent status, at the time the cash payout is paid.
   5. All ATB products included in this offer must be opened within one 60-day period, which begins when you open your first eligible product.
   6. Open the first eligible ATB account (chequing account) between July 23, 2025, and November 28, 2025. Offer may be withdrawn at any time. 
   7. ATB Essentials Baking Offer: 

   • Step 1 cash payout of $100.00: Open a new Freedom or a No-Fee All-In Digital Account + a new Springboard Savings Account (both must meet account qualifying eligibility criteria)
   • Step 2 10,000 welcome bonus points ($50.00 value): Add an ATB Gold My Rewards Mastercard
   • Step 3 for an additional cash payout of $100.00: MUST open all products in Step 1 + Step 2 + Add Personal Loan (Secured or Unsecured Time Plan Personal Loan) or Line of Credit (Students First Line of Credit, Apprenticeship Line of Credit, Home Equity Line of Credit, Flex Home Equity Line of Credit™). If you have opened a No-Fee All-in Digital Account in Step 1, no additional loan or line of credit is required. 

    

   Step 1 Eligibility Requirements

   Freedom Account or No-Fee All-In Digital Qualifying Eligibility Criteria: 

   1. A direct deposit must be made within 60 days of chequing account opening and maintained for a minimum of 90 days.  
   2. Client must be an active user of ATB Personal. Active is defined by logging into ATB Personal or Web at least once every 30 days.

    

   Springboard Savings Account Eligibility Qualifying Eligibility Criteria: 

   Client must open a new Springboard Savings account during first 60 days of opening the first eligible product and complete one of the following:  

   1. Have a minimum of $25.00 monthly pre-authorized transfer with the first transaction processed within 60 days of the first eligible product opening. This must be maintained for 90 days. The Pre-authorized Transfer (PAT) must occur either weekly, biweekly, monthly, or twice per month.
      OR
   2. Deposit a total of $250.00 or more into the Springboard Savings Account within the 60 days of the first eligible product opening and maintain a daily closing balance of $250.00 or more at all times for an additional 90 days.

    

   Step 2: Mastercard Requirements

   The 10,000 welcome bonus points ($50 value) will be applied to the client’s ATB My Rewards account within 60 days after the first eligible purchase on the ATB Gold My Rewards Mastercard. Welcome bonus offer available on new ATB Gold My Rewards Mastercard accounts where the cardholder has not had a previous ATB Gold My Travel Rewards Mastercard. Standard qualifying criteria applies. This offer is subject to change or withdrawal at any time and without notice. On approved credit, conditions apply. Review terms and conditions HERE.
     

   Step 3: Personal Loan or Personal Line of credit

   • Minimum $5000.00 advanced limit.
   • Based on approved credit.
   • Interest rates are subject to change at any time without advance notice.
   • *No-Fee All-in Digital Account includes line of credit, no additional loan or line of credit is required.

   
   Other

   Any Personal Retail Mastercard (ATB World Elite, ATB Gold My Rewards, ATB Gold Cash Rewards, ATB Preferred Fixed-Rate, ATB Preferred Variable-Rate, ATB Alberta Mastercard, ATB US Dollar Mastercard) qualifies for step 2 criteria with the exception of  Load & GoⓇ Prepaid Mastercard. 

   If other offers are in market during ATB Adulting Essentials, ATB Essentials, and ATB Essentials Plus Banking Offer, they cannot be combined with any chequing account fee waivers unless otherwise stated.  

   Client has 270 days after the initial account opening  to notify ATB if you believe you qualify for the ATB Essentials cash payout and have not received the cash and bonuses, so that we can verify your eligibility. 

   ATB may change, extend or withdraw the Banking Offer (ATB Adulting Essentials, ATB Essentials, ATB Essentials Plus) at any time without notice.

   ATB reserves the right, at our sole discretion, to suspend, disqualify, limit or revoke the Offer(s) for any client we suspect of manipulating or abusing the ATB Essentials Banking Offer. 

    

6. Related documents: ATB Financial Personal Account Agreement (PDF), Additional Services & Associated Charges (PDF). 

7. Interest rates are subject to change at any time without advance notice.

8. Interac e-Transfer is a registered Trademark of Interac Corp. Used under license.

9. Cirrus is a registered trademark of Mastercard International Incorporated. Used under license.