Easy Account - Easy Life, Easy Banking


Industrial and Commercial Bank of China (Canada) (the “Bank”) offers customers an "Easy Account". The Bank's Easy Account is a multi-currency account that offers both chequing and savings.

Features of the Easy Account are listed below:

1. Easy Account is a multi-currency account that is able to transact in Canadian Dollars (CAD), US Dollars (USD) and Chinese Yuan (CNY).

2. Easy Account combines the functions of a chequing account with that of a savings account.1 Customers can use their Easy Account for daily expenses, bill payments, cheque issuance, fund transfers, remittances, and so forth.

3. Easy Account holders can enjoy competitive interest rates2. Interest is calculated daily based on the total closing balance and paid monthly. For more information about the interest rate, please refer to:"Rate and Fee".

4. Easy Account holders can enjoy unlimited debit transactions, including but not limited to fund transfer, cheque issuance, bill payments, ATM withdrawals, POS purchases, and so forth.

5. Easy Account holders can obtain one free bank draft every month upon request (no accumulation)3.

6. Easy Account holders can obtain up to 25 counter cheques will be provided upon request (one time offer only).

7. The monthly administration fee will be waived if the daily closing balance of the account is 5,000 CAD or higher.

8. For any additional information, including privileges on exchange rate spread and/or global remittances, please visit or contact any of the Bank’s branches.

Please refer to our Schedule of Charges for more details.

1 Industrial and Commercial Bank of China (Canada) is a member of Canada Deposit Insurance Corporation (CDIC). Deposits in "Easy Account" are eligible for deposit insurance from the CDIC. Please read brochure of "Protect your Deposits" for details about the insurance coverage.
2 Please note that interest rates are per annum and subject to change without notice. We reserve the right to adjust fee schedule from time to time. Feel free to visit our website or call our 24 hours toll-free hotline 1-877-779-5588 for more details.
3 Free bank drafts cannot be carried over from one month to subsequent months. For example, a free bank draft for January must be used in January. Customers would not be able to obtain two free bank drafts in February in such a scenario.