We’ve made some changes to our low-cost personal bank accounts.

ATB has chosen to align with recent federal low-cost and no-cost mandates in order to provide you with modern and affordable banking options:

• Regulations Amending the Financial Consumer Protection Framework Regulations: SOR/2025-96
• Government of Canada - Commitment on Low-Cost and No-Cost Accounts (Dec 2025) 

The changes are effective April 14, 2026.

The personal bank accounts impacted by the changes include:

• Freedom Account (59 years or older)
• Generation Account (25 years or younger)
• Unlimited Account for students
• Basic Account

To be eligible for the monthly fee waiver on the Basic Account, clients must self-identify and meet the eligibility criteria outlined by the Government of Canada. An eligible client is part of one of the following government programs and is able to provide supporting documents:

• Retirement Disability Savings Plan (RDSP)
• Assured Income for the Severely Handicapped (AISH)
• Canada Disability Benefit
• Guaranteed Income Supplement

Accounts may be in single or joint names.

If you open your Basic Account online, you’ll need to connect with an ATB team member to provide supporting documentation. You can do this by booking an appointment online, in-person or virtually, or by visiting any ATB branch.

If you open your Basic Account with an ATB team member, please have your supporting documentation ready at the time you complete your account application.

One of the following documents is required to confirm your eligibility:

• Government-issued documentation confirming receipt of government deposit
• Most recent two months of direct deposit of eligible government deposit
• Cheque stub confirming receipt of eligible government deposit dated within the last two months

Proof of enrollment can be provided to an ATB team member in these formats:

• Original copy
• Photocopy
• Faxed or scanned copy
• Legible picture of acceptable proof of enrolment taken with a smartphone or camera