Helping you into your dream

2.29%* Mortgage 
5-year fixed term

Contact us
No Monthly fees
Free & unlimited Interac® e-Transfers
Free ATMs across Canada*
No minimum balance required

Is this the right account for me?

If you’re tired of paying bank fees, our no fee chequing account is just what you need. Bank on your phone or online anytime with zero monthly fees and free unlimited transactions. Even Interac e-Transfers are unlimited!

Benefits and Features

Bank on the go!

Access your money anytime, anywhere with our app and online banking. We help you manage your funds or pay your bills on the go! 

No fees whatsoever

Save as much as $360/year in banking fees with the No-Fee Bank Account. Rest assured; there are no hidden charges.

Help at your fingertips

Reach us via our live chat feature, send us a message online or call us. We look forward to helping you!

Free, unlimited transactions

Get free, unlimited daily transactions, deposits and monthly withdrawals. Even Me-to-Me transfers are free!

A safe and secure experience

Banking with us is always safe. We’re committed to protecting your money and ensuring you can access it anytime you want. 

175+ advisors at your service

Connect with our advisors at 1.866.446.7001 and get expert advice or help with your account.

Additional Benefits

How to Open a No-Fee Bank Account with Innovation

Open an account online

Open an account online in minutes. It’s an easy, fast way to start saving hundreds of dollars each year!

Call us

Prefer to talk with us first? Call us at 1.866.446.7001. We’d be happy to help you

Requirements for Opening an Online No-Fee Bank Account

Proof of age

You must be 18+ years of age to open an account

Proof of residence

You need to be a Canadian resident
(Not including Quebec)

Social Insurance Number

You need to provide your social insurance number**

Join the 43,000+ Canadians who pay no fees!

I have been using Innovation’s No-Fee Bank Account for years. The app is so convenient and easy to use!

Jalissa Klippenstein
Calgary, AB

There are no conditions with this account.
I can just bank and know it’s free!

Reagan Martin
Saskatoon, SK

More reasons to bank with us!


Our No-Fee Bank Account has no monthly fees and no minimum balance requirement. So you can save as much as $360/year in bank fees.


You earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit. 


Your business helps us support your community in the form of scholarships, sponsorships and grants. We allocate 2% to 4% of pre-tax profits every year to our communities.


Your other bank account may be charging you as much as $360/year in fees. We’d love to help you save that money to put to better use.

A second bank account can also organize and save your money. Avoid annoying limits or Interac e-Transfer fees as our No-Fee Bank account has neither. Use it as little or as much as you please, without penalty.

We are real, but we are a credit union – which is just like a bank only you have more say in how we’re run.

Over 47,000 Canadians have an Innovation No-Fee Bank Account with us. We have been around for over 60 years. Many happy members think of us as a best kept banking secret.

Credit unions are not-for-profits created to serve our members. We’re just like a bank except our customers (members) own us. Members join by paying a one-time membership fee of $5.

Our main goal is to provide better products and services to our members, not seek a profit like banks do. Any money we earn is invested back into the organization, issued as cash dividends to our members or donated back into the community.

Our branches – or advice centres as we like to call them – are located primarily in western Saskatchewan. We serve the rest of the province digitally – including almost 3,000 members in Regina and Saskatoon. We also have members all across Canada!

As for ATMs, Innovation members have access to a Canadian network of surcharge-free ATMs. Just look for the ‘ding free!’ decal or download the ATM locator app.

We have mobile advisors in Regina and Saskatoon that can meet you at two Innovation office locations. We’re flexible!

There’s no pressure to move everything. Try us out and if you like how much you save you can gradually switch more items over.

ClickSWITCH makes it easy to quickly and safely switch payments and direct deposits from your current bank to your new Innovation account. You can also call us at 1.866.446.7001 and we can assist you as well. Your choice!

Switch your account to us in minutes online!

  • Move recurring payments and direct deposits to your Innovation account
  • Close your accounts at another financial institution

…all with the click of a mouse!

ClickSWITCH™ is easy to use and takes less than 10 minutes to set up.

  1. Log into online banking.
  2. Click Payments > ClickSWITCH from the left menu.
  3. Enrol by choosing the account(s) you want ClickSWITCH to switch your payments to.
  4. Enter details on your automatic payments and direct deposits you’d like switched or the accounts you want closed.
  5. Submit each switch and ClickSWITCH takes care of the rest! They’ll send forms to your old financial institution and direct deposit sources.

There are also how-to videos within ClickSWITCH to help you through the process.

The No-Fee Bank Account is available for personal use only. To learn more, see our Account and Fees Information.

Innovation Credit Union banking services are not available in Quebec.

Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.

*ATM transactions for the No-Fee Bank Account are free at ding free ATM locations.

**Your SIN is not required as a condition of opening an account with us, however if you prefer not to provide your SIN for our online application, please visit one of our branch locations to apply or call 1.866.446.7001 for more information.

Need help choosing an account?
See the FCAC Account Selector.