Spending accounts

Designed by members for members, our range of spending accounts makes managing your money a breeze – no matter your banking needs.

Personal account changes coming February 1, 2025

Starting 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. For your convenience your account will transition automatically. There is no action required on your part.

Learn more >

Explore spending account options

Essentials

Perfect for members with minimal banking needs.

$1.95/month
10 self-serve and full-serve transactions, including Interac e-Transfer^® payments
This account is eligible for Round-up to help you save more
Additional transactions $1

More details

Unlimited 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
In-branch deposits
In-branch transfer deposits

Limited transactions include (10 included):

Outgoing Interac e-Transfer payments
Online bill payments
Cheque withdrawals
Debit card purchases, including point of sale & Interac^® Online payment
Pre-authorized debits
THE EXCHANGE Network^® ATM withdrawals (ATMs outside this network may incur additional charges)
In-branch bill payments
In-branch withdrawals
In-branch transfer withdrawals

Find a branch

Book an appointment

Everyday

Perfect for members who prefer to bank digitally.

$4.95/month (waived for members under 25 and over 60)
Unlimited self-serve transactions
10 full-serve transactions
This account is eligible for Round-up to help you save more
Additional transactions $1^*

More details

Unlimited transactions include:

Direct deposits
Online transfer deposits
Online transfer withdrawals
Incoming Interac e-Transfer^® payments
Request for Interac e-Transfer payments
Online bill payments
Smart device cheque deposits
Cheque withdrawals
Debit card purchases, including point of sale & Interac^® Online payment
Pre-authorized debits
THE EXCHANGE Network^® ATM withdrawals (ATMs outside this network may incur additional charges)
In-branch deposits
In-branch transfer deposits

Limited transactions include (10 included):

In-branch bill payments
In-branch withdrawals
In-branch transfer withdrawals

Find a branch

Book an appointment

Unlimited

Perfect for members who make lots of transactions.

$9.95/month
Unlimited self-serve and full-serve transactions
This account is eligible for Round-up to help you save more

More details

Unlimited transactions include:

Direct deposits
Online transfer deposits
Online transfer withdrawals
Incoming Interac e-Transfer^® payments
Request for Interac e-Transfer payments
Outgoing Interac e-Transfer payments
Online bill payments
Smart device cheque deposits
Cheque withdrawals
Debit card purchases, including point of sale & Interac^® Online payment
Pre-authorized debits
THE EXCHANGE Network^® ATM withdrawals (ATMs outside this network may incur additional charges)
In-branch deposits
In-branch transfer deposits
In-branch bill payments
In-branch withdrawals
In-branch transfer withdrawals

Find a branch

Book an appointment

US Dollar

Perfect for members who use US dollars often.

$0/month
0 transactions included
Hybrid spending and savings account
Earn interest
Transactions $1 USD

More details

Unlimited transactions include:

Direct deposits
Online transfer deposits
Online transfer withdrawals
Smart device cheque deposits
In-branch deposits
In-branch transfer deposits

Limited transactions include:

Cheque withdrawals
Pre-authorized debits
THE EXCHANGE Network^® ATM withdrawals (ATMs outside this network may incur additional charges)
In-branch withdrawals
In-branch transfer withdrawals

Find a branch

Book an appointment

Debit Card Round-up: an easy way to save more

With every purchase using your Gulf & Fraser debit card, we’ll round up your total to the nearest dollar, automatically transferring the extra change to your Everyday Savings account.

How does this apply to my every day spending habits?

Fatima signs up for Debit Card Round-up
On Monday, she buys a coffee for $3.50
Her total is rounded up to $4.00 and the extra $0.50 is automatically transferred to her Everyday Savings Account
By Friday, Fatima saves an extra $2.50 just by carrying out her daily routine

Are you ready to start saving effortlessly? Contact us to enroll in Round-up today.

Need help choosing an account?

Don’t hesitate to reach out. We’re just a live chat, video, or phone call away when you need us.

Get in touch

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Manage your money your way

Whether you prefer to bank online, in person or out and about, we’ve got you covered.

Mobile app

Pay bills, transfer money, deposit cheques and more – all from your phone or tablet.

Download iPhone app

Download Android app

Online banking

Manage your money with ease at home, work or on the go.

Branch network

Get friendly, in-person advice at any branch in our large, local network.

Find a branch

Member hub

Give us a call. Our Member Hub team will be happy to help you get things done.

Local: 604-419-8888

Toll-free: 1-866-736-4334

ATM network

Access cash surcharge-free at 43,000 ATMs across Canada and the US.

Find an ATM

Telephone banking

Telephone banking services are not available until further notice. Online banking services is available 24 hours a day, 7 days a week to perform day to day transactions including account balances, bill payments or transfers. As another alternative, a Member Hub team member would be happy to help you set up automated re-occurring transactions such as bill payments and transfers.

Explore digital banking

Boost your spending know-how

Complete guide to protecting yourself online

Learn everything you need to know about identity theft, digital scams and how to stay safe online.

Read on, opens in a new tab

Get more tips

Your spending account questions answered

What is a spending account?

As the name suggests, a spending account (also called a chequing account) is used to store your everyday spending money. These are the funds you plan to use for daily transactions, such as paying for groceries or bills.

The big benefit of a spending account is that it keeps your money secure, but easily available. You can access the funds by debit card or make transactions online using digital banking tools. However, this account type typically earns minimal to no interest. So, if you’re looking to grow your money, it’s best to invest it or keep it in a dedicated savings account instead.

How do I open a spending account?

There are several easy ways to open a spending account with us:

By appointment – Book a chat with one of our advisors
In person – Find your nearest branch
By phone – Call our Member Hub at 604-419-8888

Do you offer mobile cheque deposit?

Yes, we offer a wide range of mobile banking tools. This includes mobile cheque deposit via our app. To learn more about this feature and how to get started, visit our Digital Banking page.

Is my account information safe?

We take your security very seriously. Our banking systems are backed by powerful layers of encryption and state-of-the-art security. We also offer numerous features you can use to add even more protection to your accounts, such as Alerts and 2-Step Verification. To learn more, visit our Security & Privacy page.

Are your spending accounts covered by deposit insurance?

Yes, both our spending and savings accounts are 100% guaranteed by the Credit Union Deposit Insurance Corporation (CUDIC).

To learn more, take a look at our CUDIC page.

Lost or stolen debit card?

Report it right away so we can help secure your accounts against unauthorized access.

Canada & US: 1-888-277-1043
International (Collect): 1-306-566-1276

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Other solutions you may want

Savings accounts

Build strong saving habits and grow your money to reach your savings goals.

Explore savings accounts

Credit cards

Earn rewards while you spend, get cash back or elevate your travel experience. Whatever your preference, we have a credit card to match.

Explore credit cards

Statement of Commitment: Code of Conduct

Gulf & Fraser is committed to upholding the Code of Conduct for the Credit and Debit Card Industry in Canada. The Code was designed to protect credit union members’ interests related to the issuance and acceptance of payment cards, and to the operation of payment card networks. 
* Unlimited transactions include: Direct deposits, Online transfer deposits, Online transfer withdrawals, Incoming Interac e-Transfers, Request for money Interac e-Transfers, In-branch deposits, In-branch transfer deposits
Self-serve transactions include: pre-authorized debits, bill payments, Exchange ATM withdrawals (including Gulf & Fraser ATMs), point of sale, online transfer deposits, online transfer withdrawals, Interac e-Transfers (outgoing), Interac e-Transfers (request for money) and cheque withdrawals.
Full-serve transactions include: in-branch withdrawals and in-branch transfer withdrawals.
Transactions at non-Exchange Network ATMs, foreign, and international ATMs will continue to incur the existing applicable fee. 
Additional transactions exceeding the package limit will be charged $1.00 for each self-serve transaction or full-serve transaction. For the High Interest Savings, additional transaction fees exceeding the package limit are $5.00 per each self-serve or full-serve transaction.

View all service fees