Low-Cost and No-Cost Account Disclosure Statement


The Industrial and Commercial Bank of China (Canada) provide a low-cost and no-cost account - "Basic Chequing Account" to ensure the clients have access to basic banking services at a nominal cost.  Please find the detailed features and costs below for your reference.


Product Features:

  • Available in Canadian Dollar only;
  • 12 free debit transactions per month (using any channel including in-branch);
    * Unlimited debit transactions for Special Customer Group*
  • Monthly Fee: CAD4.00 (monthly fees waived if you maintain a minimum daily balance CAD1,000)
    * No monthly fee for Special Customer Group*
  • Cheque writing privileges;
  • No extra charge for the following services:
    • Deposits;
    • Debit card;
    • Pre-authorized payment forms;
    • Monthly printed statements;
    • On-line cheque image viewing;
  • Other services are available for a reasonable fee (for details please refer to our Schedule of Charges, available in our branches and at our website www.icbk.ca).


Special Customer Group includes:

  • Youths who are 18 years of age or younger
  • Students (valid student card or school offer is required for account opneing)
  • Seniors who are 60 years of age or older
  • Registered Disability Savings Plan (RDSP) beneficiary


To help you find an account that best suits your financial needs, FCAC provide an Account Selector Tool. You may compare the account features and make your choice by clicking the link below:

FCAC Account Selector Tool