Scotiabank Basic Plus Bank Account

The Scotiabank Basic Plus Bank Account carries a monthly fee of $11.95, reduced to $7.95 for seniors.

You can have the fee waived entirely by keeping a minimum daily balance of $3,000 in the account throughout the month.

The plan includes 25 free debit transactions per month, with each additional transaction costing $1.25.

The Basic Plus Bank Account sits in the middle of Scotiabank's chequing lineup, designed for people with moderate transaction needs.

Interac e-Transfers are free, so the 25-debit monthly allowance stretches further than it might first appear.

Account holders also save up to 3 cents per litre on fuel at Shell.

It's worth noting that this is a distinct product from Scotiabank's lower-priced Basic Bank Account. Deposits are eligible for CDIC coverage.