Banking, withoutthe bank.
A no-fee chequing account, a high-interest savings account, and a Visa card — all in five minutes from your phone.
The receipts, in numbers.
We launched myVault three years ago to fix what bank fees, hold times, and surprise charges had broken. Here's where we are.
Everything a chequing account should be.
No minimums, no monthly fees, no nickel-and-diming. Built for people who want their money to be straightforward — and a little more useful while it sits.
Interac e-Transfer in seconds. Auto-deposit on by default. No daily limits for verified accounts.
High-interest savings at 4.10% APY. TFSA at 5.00%. Move money instantly between accounts.
Virtual and physical Visa cards. Tap to pay. Zero foreign transaction fees on every purchase.
The maths is simple.
We aren't maintaining a thousand branches. So we don't charge you to keep your own money. The savings come back to you.
What customers say.
“I haven't paid a banking fee in two years. My old bank was charging me $15.95 a month for the privilege of holding my own money.”
“The savings rate is the only one I've seen that actually keeps up with inflation. Took me five minutes to open an account.”
“Switched from RBC for the no-FX fee. Stayed for the goals feature — I'm $1,800 closer to Tokyo without thinking about it.”
How we make money.
If a service is free, you should know how it survives. We don't sell your data. We don't up-sell credit. Here's how the business works:
- 01Interchange feesWhen you tap your card at a coffee shop, the merchant pays a small fee to Visa. We get a slice of that. You pay nothing extra.
- 02Lending the floatYour deposits sit in safe, regulated investments — government bonds, mostly. We earn yield, share most of it back as your savings rate, keep the rest.
- 03Premium tier (optional)myVault Plus adds joint accounts, lounge access, and travel insurance for $9/mo. Most people stay on the free plan, and that's fine.
Download to debit card.
We do the boring parts so you don't have to. Your physical card arrives in 3–5 business days. Your virtual card is ready immediately.
- 01Tell us who you areName, address, SIN — same info as any other Canadian bank.
- 02Verify in appTake a photo of your ID and a selfie. Verified in seconds.
- 03Fund your accountMove money in from any Canadian bank. Or have your paycheck deposited directly.
- 04Spend or saveUse your virtual card right away. Physical card ships free.
The bank that fits in your pocket and stays out of your way.
No credit check. No minimum balance. Free forever.