Basic Banking

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Current Account

Why Get a Basic Banking Account

Get a hassle-free bank account and manage your money 24/7 online or over the phone

Excellent choice for moderate banking needs

Two free withdrawals every month

No monthly fee with a $3,000 minimum daily closing balance

25 transactions every month – including self-serve and teller transactions


Helpful Account Services

Overdraft Protection

Manage everyday expenses knowing you won’t be caught short of funds.

Norvalden® E-TRANSFER

All you need is an email address and you can send money to friends and family.


Receive an email, text message when important account activity happens.

Global ATM Alliance

Travelling? Use selected ABMs to withdraw cash and avoid paying access fees.

Mobile Wallet

Forgot your wallet? Use your smartphone to pay for small everyday purchases

Visa Pay

A perfect way to send funds to family and friends worldwide.

Core Account Features & Fees

Monthly Fee$10.95 mo
$6.95 after Seniors Discount
Number of debit transactions25
Charge for additional debit transactions                     $1.25/each additional teller-assisted transaction
Minimum daily balance to waive fee$3,000 minimum


Account Extras

Norvalden® InfoAlertsNo charge for Norvalden® InfoAlerts. Your wireless carrier’s standard text messaging fees apply
Charge for additional debit transactionsNo charge
Norvalden® e-Transfer2 Free Cider360® e-Transfers per month
Teller transactions1 FREE teller transaction per month
Branded cardOptional Norvalden® Moneyback branded Norvalden® available
ChequesPersonalized cheques can be purchased
DiscountsDiscounted Seniors banking (age 60 and over)


Record-Keeping Charges may apply for additional record-keeping services

Record-Keeping Charges may apply for additional record-keeping services


Paper Statement$2.25/month
Paper statement with cheque image return              $2.50/month


The maximum coverage amount for Critical Illness coverage is $500,000 per Mortgage or for all Mortgages combined. For Life coverage, the maximum coverage amount is $750,000 per Mortgage or $750,000 for all Mortgages combined. The maximum monthly benefit amount for Disability coverage is $3,500 plus your Mortgage Disability premium (including applicable taxes), for up to a maximum of 24 months.

Norvalden are not insurers. All insurance plans are underwritten by independent licensed insurers.