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    Here’s how you will transition to your new account

    Our new everyday chequing accounts provide great features and value – like free Interac e-Transfers® and unlimited transactions, plus there are more to choose from and a brand new option for students.

    In early 2021, FirstOntario Members who have our Be FREE, Be FREE and More and Be FREE and More Seniors chequing accounts will be moved to our new everyday accounts. 

    Keep reading to see what account you will move to. If you prefer a different account or would like to start using your new account sooner, please contact us and we’ll be happy to make that change for you. 

    Current Account

    New account

    Be FREE/Be FREE and More Chequing Account without a direct deposit of a payroll or pension

    Everyday Convenience Account

    Be FREE/Be FREE and More Chequing Account with a direct deposit of a payroll or pension

    Everyday Premium Account

    Be FREE Chequing Account (aged 14 to 18)

    Everyday Student Account*

    Be FREE and More Seniors Account without a direct deposit of a payroll or pension 

    Seniors Everyday Convenience Account

    Be FREE and More Seniors Account with a direct deposit of a payroll or pension

    Seniors Everyday Premium Account

    *Full-time, post-secondary students aged 19-24 can provide proof of enrollment to open an Everyday Student Account.

    Note to Members regarding new paper statement fees

    Our new everyday chequing accounts come with free monthly eStatements for quick and easy access to your banking information. Fees are applied for monthly paper statements - $5 each month ($2.50 for seniors).

    If you are currently receiving free paper statements that are associated with our Be FREE and More or Be FREE and More Seniors accounts, you will continue to receive them when you are moved to your new everyday account, but a fee will be applied at the end of each month. If you would like to switch to eStatements, please contact us or log into online banking to go paperless. 

    See all of our new everyday chequing accounts

    VIEW NEW ACCOUNTS

    Frequently Asked Questions

    ​I like my current account, can I keep it?

    FirstOntario’s new everyday accounts are designed to offer more value by providing features and benefits that are more widely used. If you like your current account, you’ll like our new ones even more!

    In early 2021, all existing Be FREE chequing accounts will be switched to one of our new everyday accounts. Members who would like to switch sooner can do so by contacting their branch or our Member Solutions Centre. Note, your account number, nicknames on your account and any pre-authorized debits or credits will not change.

    ​I don’t use INTERAC e- Transfers? Why are you changing my account?

    Interac e-Transfers are becoming a more common method of moving funds – this is why we’re offering them for free in all of our accounts. If you don’t use them, you may want to try them out. Our Everyday Convenience Account has no monthly fee but still gives you the option to use two free Interac e-Transfers each month. You still get access to unlimited free debits such as bill payments, preauthorized debits and cash withdrawals. You also have free access to online and mobile banking, Deposit Anywhere™, eStatements and our Personal Assisted Teller machines. 

    ​I have cheques from my current chequing account.  Will they still work with my new everyday account?

    After your Be FREE account has been switched to one of our new everyday accounts, any unused cheques you have from your Be FREE account will continue to work because your account number will not change. If you would like to switch to a new everyday account sooner, give us a call and we’ll be happy to take care of that for you.  

    ​I switched to the Everyday Convenience Account. I just sent my first INTERAC e-Transfer of the month and I was charged a fee. My first two INTERAC e-Transfers each month are supposed to be free. Why was I charged?

    With the Everyday Convenience Account, the first two Interac e-Transfers each month are free. The fee for these two transactions will appear in your account immediately after you send an Interac e-Transfer but they will be reversed by the end of the day.

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