Canadian banking decision tool · 2026

Is switching banks actually worth it?

A headline bonus is not the same as net value. Estimate what remains after fees, time and other switching costs—without entering personal information.

Bremo bank-switching break-even centre 2026

Two-minute estimate

Enter your estimates, then calculate.

Make the estimate more complete

  1. Count only benefits you reasonably expect to qualify for and use.
  2. Include account fees during any required holding period and charges for closing or transferring an old account.
  3. Price the time needed to move payroll, bill payments, subscriptions and automatic transfers.
  4. Allow a buffer for missed-payment risk and keep the old account open until every recurring transaction has moved.
Use the detailed calculator Read the step-by-step guide

Before closing the old account

Verify that income deposits and recurring payments have moved, download needed statements, resolve pending transactions, and obtain confirmation when the old account is closed. Do not rely on a promotional deadline alone when a rushed switch could create fees or missed payments.