Fee-freedom for digital bankers.
The linked line of credit
The "No-Fee" part
Unlimited digital transactions, including Interac e-Transfer®, for no monthly fee. No minimum balance required.
Key product details
|Interest earned||0.25% on balances $1,000 and over2
|Line of Credit limit||$5,000 - $50,0001
|Interac e-Transfer®||Unlimited, free
|Interac e-Transfer Request Money||$1.50 each
|Global Transfers||$50 - $999.99: $5 CAD
$1,000 - $5,000: Free
Special countries: $15 CAD
|$5.00 each (plus fees for additional services & associated charges where applicable)
Frequently Asked Questions
Along with a credit check, you'll need to provide:
- Your total income
- A list of your assets (the stuff you own) and liabilities (the stuff you owe)
- Your current rent or mortgage expenses
You must qualify for the line of credit in order to get the No-fee All-in Digital Account. You can look at a joint application to help qualify. Alternatively, check out the Unlimited Account, which offers some of the same benefits for a low monthly fee--or no monthly fee if you keep a minimum daily balance of $2,500 in the account throughout the month.
This is a digital account, so if you choose to go in-branch or call our Customer Care team for something you could have done digitally (like deposits, withdrawals, bill payments, transfers or checking your balance), either online or from an automated banking machine (ABM), there will be a $5 fee per transaction. For complete details, see Additional Services and Associated Charges (PDF). For telephone banking, all transactions are free except for manual bill payments ($1.25 each). In addition, if you use the <line of credit>, you will have to pay interest on any outstanding balance.
For everyday in-branch transactions that you could not do online or through an ABM--such as withdrawing USD cash--you won't be charged. In-branch transactions that aren't part of routine banking for most people (such as bank drafts) will be charged a fee according the Additional Services and Associated Charges (PDF).
For the purposes of this account, an "in-branch" transaction is one you do at the teller, face-to-face, or over the phone with our Customer Care team. In-branch transactions don't include withdrawals or deposits from ATB ABMs
Within Alberta, you pay regular fees at non-ATB ABMs. You should be notified of these fees and prompted to approve them before proceeding with the transaction.
Withdraw cash at any ABM outside Alberta, but within Canada, on our dime. We'll reimburse $4.50 per withdrawal for up to two withdrawals per month.
Traveling outside of Canada? Withdraw cash at any ABM on the Cirrus® network for a fee of $5 per withdrawal (this does not include fees you may agree to pay when making the withdrawal at the non-ATB ABM).We'll reimburse $8 for one withdrawal each month at ABMs in the US.3
On approved credit. You need to meet our lending criteria, and some conditions and restrictions apply. While you may ask for a certain credit limit, ATB will set your limit depending on what we can approve for you. The approved interest rate is variable and based on ATB’s prime rate. For more information and terms and conditions, call us at 1-800-332-8383 or consult the Little Book of Personal Line of Credit Info (PDF).
Interest is calculated on the daily account closing balance and paid monthly on the last business day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis. Interest rates and balance tiers are subject to change at any time without advance notice.
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.
Interac e-Transfer is a registered trademark of Interac Inc. Used under license.
Cirrus is a registered trademark of Mastercard International Incorporated. Used under license.