Your new banking experience
We've been busy building Beem! Here's some of the changes and enhancements coming your way.
Personal account changes coming February 1, 2025
On February 1, 2025, we're enhancing your banking experience with new savings and spending accounts designed to better serve your financial needs and help you do more with your money.
What's improving?
✓ Simplified fee structure with lower monthly costs
✓ More free transactions per month
✓ Streamlined account options to choose from
Select service fees are also changing effective February 1st, 2025. Click here to learn more.
New spending accounts
Your accounts will automatically transition to our Essentials, Everyday, or Unlimited spending accounts, based on what package you currently have as of Jan 31, 2025. Please see below for more details.
Current account package valid until Jan 31, 2025 |
New spending account effective Feb 1, 2025 |
Basic Package |
Essentials:Includes 15 self-serve* or full-service** transactions. Monthly fee $0 |
Simple Package
|
Everyday:
|
Ultimate Package |
Unlimited:Includes unlimited self-serve* and full-serve** transactionsMonthly fee $9.95 |
US Chequing |
US Chequing:No changesIncludes 2 withdrawals Additional transactions $1.25 USD Monthly fee $0 |
Savings account changes
You'll notice we're updating the names of our savings accounts. Here's what you can expect on February 1, 2025.
Current savings account valid until Jan 31, 2025 | New savings account effective Feb 1, 2025 |
Plan 24 | Everyday Savings:Includes unlimited deposits and online transfers between accounts Monthly fee $0 |
Investment Savings | High Interest Savings:Includes unlimited deposits and online transfers between accounts Monthly fee $0 |
US Investment Savings | US Investment Savings:No changesIncludes 2 transfers Additional transactions $5 USD Monthly fee $0 |
Always free transactions include:
- Direct deposits
- Online transfer deposits
- Online transfer withdrawals
- Incoming Interac e-Transfer payments
- Request for Interac e-Transfer payments
- Smart device cheque deposits (Deposit Anywhere™)
- In-branch deposits
*Self-serve transactions include:
- Pre-authorized debits
- Online bill payments
- THE EXCHANGE Network ATM withdrawals (including all Beem ATMs)
- Debit card purchases (including point of sale and Interac Online payments)
- Interac e-Transfers (outgoing) Cheque withdrawals
**Full-serve transactions include:
- In-branch withdrawals
- In-branch bill payments
- In-branch transfer withdrawals
Questions about the changes?
Do not hesitate to get in touch with us. Our team is always happy to help.
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