BANKINGCANADA.CA · BY MITEY
Give your next move a plan.
Work through setup costs, overlapping accounts, monthly fees and optional conditional bonuses before switching bank accounts.
Numbers stay hereEvery line explainedYour choice, your pace
A little less guesswork.Fictional starting figures. Change them using your own fee schedule. Editing, calculating, saving and downloading do not submit an enquiry.
YOUR WORKED PLAN · CADYour plan, month by month
A clearer path through the switch.
Cost of staying$406.80
Net cost of switching$162.95
Saving from switching$243.85
Catch-up month 6: the switch remains at least as economical for every remaining month in this entered horizon.
Stay: cumulative costSwitch: cumulative net cost
Move the payments before the account.
Allow for payroll, pre-authorized bills, pending transactions and access to your money. A cheaper fee alone does not make a complete switching plan.
Local saving is optional. Anyone using this browser may be able to restore a plan. Downloads can contain your entered figures.
Keep the detail.
Every amount is in Canadian dollars. Scroll the table to see every column.
| Month | Old account | New account | Setup + closure | Conditional bonus | Switch cost | Stay cumulative | Switch cumulative | Saving cumulative |
|---|---|---|---|---|---|---|---|---|
| 1 | $16.95 | $4.00 | $50.00 | $0.00 | $70.95 | $16.95 | $70.95 | −$54.00 |
| 2 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $33.90 | $74.95 | −$41.05 |
| 3 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $50.85 | $78.95 | −$28.10 |
| 4 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $67.80 | $82.95 | −$15.15 |
| 5 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $84.75 | $86.95 | −$2.20 |
| 6 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $101.70 | $90.95 | $10.75 |
| 7 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $118.65 | $94.95 | $23.70 |
| 8 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $135.60 | $98.95 | $36.65 |
| 9 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $152.55 | $102.95 | $49.60 |
| 10 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $169.50 | $106.95 | $62.55 |
| 11 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $186.45 | $110.95 | $75.50 |
| 12 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $203.40 | $114.95 | $88.45 |
| 13 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $220.35 | $118.95 | $101.40 |
| 14 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $237.30 | $122.95 | $114.35 |
| 15 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $254.25 | $126.95 | $127.30 |
| 16 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $271.20 | $130.95 | $140.25 |
| 17 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $288.15 | $134.95 | $153.20 |
| 18 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $305.10 | $138.95 | $166.15 |
| 19 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $322.05 | $142.95 | $179.10 |
| 20 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $339.00 | $146.95 | $192.05 |
| 21 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $355.95 | $150.95 | $205.00 |
| 22 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $372.90 | $154.95 | $217.95 |
| 23 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $389.85 | $158.95 | $230.90 |
| 24 | $0.00 | $4.00 | $0.00 | $0.00 | $4.00 | $406.80 | $162.95 | $243.85 |