Welcome to the world of premium banking! When it comes to managing your finances, having a premier bank account can make all the difference. These accounts offer a wide range of perks and benefits that go beyond just basic banking services. From exclusive rewards programs to personalized customer service, premier bank accounts are designed to cater to your unique financial needs and elevate your banking experience.
In this blog post, we will be exploring the top 8 premier bank accounts in Canada. Whether you’re looking for enhanced features or prefer a more tailored approach to managing your money, we’ve got you covered. So sit back, relax, and let’s dive into the world of high-end banking options that are bound to leave you impressed!
What is a Premium Bank Account?
What exactly is a premium bank account and how does it differ from a regular checking or savings account? Well, think of it as the VIP treatment of banking. A premium bank account goes above and beyond the standard offerings to provide you with a host of exclusive benefits tailored to your financial needs.
One key feature of a premium bank account is access to personalized customer service. From dedicated phone lines to priority assistance at branches, you can expect top-notch support whenever you need it. Say goodbye to long wait times and hello to fast, efficient service.
Another perk that sets premium bank accounts apart is their enhanced rewards programs. Think cashback on purchases, travel rewards, or even special discounts at partner retailers. These extra incentives can truly add value and make your everyday spending more rewarding.
Premium accounts also often come with higher transaction limits and lower fees compared to regular accounts. This means you can enjoy greater flexibility in managing your finances without worrying about excessive charges eating into your balance.
Best Premier Bank Accounts in Canada – Top 8
1. CIBC Smart Plus Account
The CIBC Smart Plus Account is one of the top premier bank accounts available in Canada. It offers a range of benefits and features that make it an attractive option for those looking for a premium banking experience.
One of the key features of the CIBC Smart Plus Account is unlimited transactions. This means you can make as many debit transactions as you want without incurring any additional fees. This is especially beneficial for individuals who frequently use their debit cards for everyday purchases.
Another great feature of this account is the ability to earn rewards points on your everyday spending. With every purchase made using your CIBC Smart Plus Account, you can accumulate points that can be redeemed for various rewards such as travel, merchandise, or even cash back.
In addition to these benefits, the CIBC Smart Plus Account also includes free e-transfers, mobile banking access, and access to over 3,400 ATMs across Canada through the CIBC network.
The CIBC Smart Plus Account offers a comprehensive package of benefits and features that make it an excellent choice for those seeking a premier bank account in Canada. Whether it’s unlimited transactions or earning rewards points on your purchases, this account has something to offer everyone.
2. RBS Reward Platinum
RBC Reward Platinum is a premium bank account offered by the Royal Bank of Canada. This account comes with a range of benefits and rewards that make it an attractive option for customers looking to upgrade their banking experience.
One of the key features of the RBC Reward Platinum account is its cashback rewards program. Account holders can earn cashback on eligible purchases made using their debit card, helping them save money on everyday expenses. The more they use their card, the more cashback they can earn!
In addition to cashback rewards, RBC Reward Platinum offers customers travel insurance coverage. This means that when you book your next vacation, you can have peace of mind knowing that you’re protected against unforeseen circumstances such as trip cancellation or lost luggage.
Another perk of this premier bank account is access to exclusive savings rates and higher interest rates on certain products such as loans and mortgages. This can help you grow your savings faster or reduce the cost of borrowing.
3. Halifax Ultimate Reward Current Account
Halifax Ultimate Reward Current Account is one of the premier bank accounts available in Canada. With a range of benefits and features, it offers customers a comprehensive banking experience.
One of the standout features of the Halifax Ultimate Reward Current Account is its travel insurance coverage. Customers can enjoy peace of mind knowing that they are protected when travelling abroad. The account also comes with mobile phone insurance, providing added protection for your valuable device.
In addition to these insurance benefits, the Halifax Ultimate Reward Current Account offers a variety of other perks. Customers can take advantage of cashback rewards on purchases made using their debit cards. There are also discounts available on dining out, entertainment, and shopping.
The account also includes access to an overdraft facility, allowing customers to manage their finances more effectively. Online and mobile banking services make it easy to keep track of your transactions and manage your money on the go.
The Halifax Ultimate Reward Current Account provides an excellent package for those looking for a premium banking experience in Canada. Its range of benefits and features make it well worth considering for individuals who value convenience and added value from their bank account.
4. Nationwide FlexPlus
Nationwide FlexPlus is a premier bank account offered by Nationwide Building Society, one of the largest financial institutions in the UK. This account provides a range of features and benefits that make it stand out from other options in the market.
One of the key advantages of Nationwide FlexPlus is its comprehensive travel insurance coverage. With this account, you can enjoy peace of mind knowing that you are protected during your trips abroad. Travel insurance includes coverage for medical expenses, trip cancellation or curtailment, lost baggage, and more.
In addition to travel insurance, Nationwide FlexPlus offers an array of other perks. These include mobile phone insurance, which covers loss or damage to your device; extended warranty on household appliances; and access to exclusive deals and discounts through their Simply Rewards program.
Another noteworthy feature is the interest-free overdraft facility available with this account. It can provide some flexibility if you find yourself needing extra funds temporarily.
Nationwide FlexPlus combines essential banking services with valuable extras like travel insurance and mobile phone coverage. It’s a great option for individuals who want convenience and peace of mind all in one package
5. Wells Fargo Prime Checking
Wells Fargo Prime Checking is a premier bank account option that offers a range of benefits for its customers. With this account, you’ll enjoy features like no monthly service fees and unlimited non-Wells Fargo ATM withdrawals.
One of the standout perks of Wells Fargo Prime Checking is access to higher interest rates on savings accounts. This can help your money grow faster and provide you with more financial security in the long run.
Another advantage of this premium bank account is the ability to earn rewards points on qualifying purchases made with your Wells Fargo debit card. These points can be redeemed for travel, merchandise, or even cash back.
In addition to these benefits, Wells Fargo Prime Checking also provides customers with comprehensive identity theft protection services. This includes credit monitoring, online fraud resolution, and up to $1 million in identity theft insurance coverage.
Wells Fargo Prime Checking offers a wide range of advantages that make it an excellent choice for individuals looking for a premier bank account option. With its zero monthly fees, attractive interest rates, rewards program, and identity theft protection services, this account truly stands out from the competition.
6. BMO Premium Checking Account
BMO Premium Checking Account is an excellent option for those seeking a premier bank account in Canada. With its range of benefits and features, it stands out among the competition.
One of the standout features of this account is the unlimited transactions it offers. Whether you need to make numerous withdrawals or deposits, there are no restrictions with BMO Premium Checking Account.
Another great perk is that this account comes with free Interac e-Transfer transactions. This can be incredibly convenient for sending money to friends or family quickly and securely.
The BMO Premium Checking Account also provides access to premium credit card options, which can help you earn rewards on your everyday purchases. Plus, you’ll have access to personalized financial advice from a dedicated team of professionals.
If you’re looking for a premier bank account that offers flexibility, convenience, and personalized service, BMO Premium Checking Account should definitely be on your radar.
7. HSBC Premier Checking Account
HSBC Premier Checking Account is one of the best premier bank accounts in Canada that offers a range of exclusive benefits and features. With this account, you can enjoy personalized banking services tailored to your financial needs.
One of the key advantages of the HSBC Premier Checking Account is its global reach. As an HSBC Premier customer, you have access to international banking services in over 30 countries and territories around the world. This means you can conveniently manage your finances whether you’re at home or travelling abroad.
Another standout feature of this account is the dedicated relationship manager who will assist you with all your banking needs. Whether it’s arranging mortgages, investments, or insurance products, they are there to provide expert advice and guidance.
In addition to these perks, HSBC Premier Checking Account also offers competitive interest rates on deposits and flexible overdraft options. You can benefit from fee-free ATM withdrawals worldwide when using your HSBC debit card too.
If you value personalized service, international banking capabilities, and a wide range of benefits, then HSBC Premier Checking Account could be the ideal choice for your premier banking needs.
8. Chase Sapphire Banking
Chase Sapphire Banking is another premier bank account option that offers a range of benefits and features. With this account, customers can enjoy access to exclusive perks such as no ATM fees worldwide, priority customer service, and special travel rewards.
One of the standout features of Chase Sapphire Banking is its generous sign-up bonus. New customers have the opportunity to earn a substantial bonus when they open an account and meet certain requirements. This can be a great way to kickstart your banking experience and take advantage of extra rewards.
In addition to the sign-up bonus, Chase Sapphire Banking also offers valuable travel benefits. Customers can benefit from trip cancellation insurance, auto rental collision damage waiver, and access to luxury hotel & resort collections. These perks can make your travel experiences more enjoyable and give you peace of mind while on the go.
Furthermore, with Chase Sapphire Banking, you’ll have access to personalized advice from dedicated advisors who can help you make informed financial decisions tailored specifically to your needs. This level of personalized service sets this premier bank account apart from others in the market.
If you’re looking for a premier bank account that offers exceptional perks and rewards along with dedicated support services, Chase Sapphire Banking may be the right choice for you.
Conclusion
In this article, we have explored some of the best premier bank accounts available in Canada. These accounts offer a range of benefits and features that make them stand out from the rest.
When choosing a premier bank account in Canada, it is important to consider your individual needs and preferences. Whether you prioritize convenience, rewards or personalized service – there is a premier bank account option that suits your requirements.
Remember to carefully review all terms and conditions before making your decision. It’s always recommended to speak directly with representatives from these banks for more information about their products before opening an account.
FAQs – Best Premier Bank Accounts in Canada
1. What is the minimum opening deposit for Premier bank?
The minimum opening deposits start with a $50 down payment and also you must be at least 18 years old to open an internet account.
2. What credit score do you need for Premier Bank?
We at Premier Bank get this question a lot. You can often qualify for most loan products with a credit score of 640 or above, but a credit score of 680 is typically considered to be “good” credit.
3. What is Premier bank daily limit?
Premier Bank in Canada sets a daily limit on transactions to ensure the safety and security of its customers’ accounts and prevent unauthorized access. The limit is $5,000 each day and $25,000 every 20 working days.
4. Does Premier Bank do a hard pull?
Pre-approvals use a soft “pull,” or enquiry, which has no impact on your credit score. However, First PREMIER Bank will make a hard inquiry if you opt to apply for the card, which would temporarily lower your credit score but only slightly.
5. Is Premier Bank card good for building credit?
Everyone should have the opportunity to establish credit; apply now! Credit cards from PREMIER Bankcard are used to establish credit. Keep your balance low and pay all of your obligations on time each month to start establishing credit. We’ll provide you with a sensible credit limit and manageable payments to aid in your ability to stay within your financial constraints.
