Free Canadian banking worksheet

Should you switch bank accounts?

Compare likely savings with the time and costs of moving. Your entries stay in this browser and are not submitted to Bremo.

Estimate the first-year value

Enter your estimates, then calculate.

This is a planning estimate, not a quote. Exclude promotional bonuses unless you have confirmed that you qualify and can satisfy every condition.

Build a safe switching sequence

Check each dependency only after you verify it. Your checklist stays in this browser; Bremo receives no account names, balances, amounts or checkbox states.

0 of 8 dependencies verified

Statements saved and recurring deposits, bills, transfers and subscriptions mapped. Regular fees, transaction limits, insurance coverage and minimum-balance rules verified at the source. Overdraft, e-transfer, ATM and bundled-product effects reviewed. New account access tested before redirecting payroll or government deposits. Automatic payments scheduled to move in small, observable batches. Enough overlap money reserved to keep both accounts funded during the transition. Pending transfers, holds, cheques and fees allowed to clear for a full billing cycle. Written closure confirmation planned only after every dependency above is complete.

This checklist does not confirm a switch or closure. It only helps you verify the dependencies before acting.

Make the comparison more detailed

Use Bremo’s full calculator to compare first-year and three-year savings with a tailored break-even estimate.

Open the break-even calculator

How to read the result

A positive first-year value means estimated recurring savings exceed the switching cost during year one.
A long break-even period increases the chance that fee changes or changed banking needs will alter the decision.
Price is only one factor; service access, reliability, accessibility and account protections also matter.

Educational information only. Bremo is not a bank and this page is not individualized financial advice or an endorsement of a provider.