60+
Qualification Age
$0
Monthly Fee Options
Free
Cheques & Money Orders
Discounted
Safety Deposit Boxes
Best Senior Accounts 2026
| Bank | Account Name | Monthly Fee | Key Benefit |
|---|---|---|---|
| CIBC | CIBC 60 Plus Advantage | $0 | Free bank drafts & money orders |
| BMO | Senior Plan Upgrade | $0 | Discount on any BMO chequing plan |
| RBC | Sixty Plus Benefit | $0 | Free daily banking for basic users |
| TD Bank | 60+ Rebate | Varies | $5.00/month rebate on any plan |
| Scotiabank | Basic Plan (60+) | $0 | Unlimited free transactions |
Why open a senior account?
1
Save $100+ per year
Rebates on monthly fees can save you over $150 annually compared to standard accounts.
2
Perks for travelers
Many senior plans include free money orders and bank drafts, useful for seasonal travelers or cross-border shopping.
3
Digital + Branch Access
Enjoy the best of both worlds: user-friendly mobile apps and priority service at local branches.
Pro Tip: Check Online Banks
While big banks offer discounts, online-only banks like Tangerine and Simplii Financial offer $0 fee accounts to everyone, regardless of age. If you are comfortable with digital banking, you might not even need a specific "senior" account.
View No-Fee Accounts