Real time activity
Every debit, credit, hold, and reversal appears the moment it happens, with a plain language description.
Personal Banking
Checking Accounts
Everyday banking with total clarity.
A modern everyday account with clear balances, instant activity, and no surprises.
Overview
About Checking Accounts
An OBS Checking Account is the everyday hub for your money. Deposit your paycheque, pay bills, tap your debit card, and move funds between accounts with a running, real time view of exactly where you stand.
The account is designed to be quiet. No hidden charges, no surprise holds, and no marketing dressed up as features. What you see on your dashboard is what has happened, in the order it happened.
Feature highlights
Built for the details
Smart alerts
Set thresholds for low balance, large purchase, foreign use, or ATM activity, and choose push, email, or SMS delivery.
Bill Pay built in
One time and recurring payments, a searchable payee library, and downloadable payment history.
Mobile deposit
Capture a cheque with your phone camera and see funds availability upfront.
Rates
Interest and APR
- Interest rate on balance
- 0.05% APY
Illustrative example. Rates vary by region.
Fees
Fee schedule
- Monthly maintenance fee
- $0
- Standard maintenance fee
- $8.00 per month
- Domestic ATM withdrawal (OBS network)
- $0
- Out of network ATM withdrawal
- $2.50
- Overdraft protection transfer
- $0
With qualifying direct deposit
Illustrative example
Illustrative example
Values shown are illustrative examples for this preview and do not constitute an offer, approval, or contractual quotation. Actual rates and fees depend on your profile, region, and eligibility.
How it works
Getting started
- 1
Apply online in minutes
Answer a short set of questions and verify your identity.
- 2
Fund your account
Transfer from an external bank, mobile deposit, or in branch.
- 3
Bank right away
Use your virtual card immediately, physical card arrives in the mail.
Eligibility
- 18 years of age or older (17 with a co owner)
- Valid government issued identification
- Legal residency or eligibility to open a bank account in a supported region
Requirements
- Verified email address and mobile number
- Opening deposit funded from an external account or in branch
- Acceptance of the OBS Deposit Account Agreement
Documents to prepare
- Government issued photo ID
- Proof of address (utility bill, tenancy agreement, or bank statement)
- Social security or tax identification number, where applicable
FAQs
Frequently asked
Still have a question? Message an OBS specialist from Secure Messaging any time.
Related
Also consider
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Explore Savings AccountsDebit Cards
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Explore Debit CardsMobile Banking
A refined mobile app for daily banking on the move.
Explore Mobile BankingEducational resources
Learn more before you decide
- Budgeting
Build a monthly plan that reflects how you actually spend and save.
Security
How OBS protects this experience
- Card Controls
Pause a card, restrict merchant categories, and set alerts.
- Trusted Devices
Manage the devices allowed to access your OBS account.
Ready to begin
Open a Checking Account
Open your OBS profile and add Checking Accounts in minutes.