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Libro is Banking with a Difference
Libro offers a full range of chequing and savings accounts to fit your needs. We’re committed to giving you the best service and coaching along with convenient access to do your banking the way you choose. Whatever your banking needs are, Libro has you covered.
Why Libro?
- We’re here for you.Youhave goalsandwe canhelp youachieve themwith personalized coaching.
- Our co-operative structure means you’re an Owner and share in our profits. In 2021, we returned $13.96 million in profits to Owners.
- We helpcreate stronger communities byinvestinglocallyinfinancial resiliency, employment, housing and local food accessibility.
New to Libro? Join online!
- Choose the account type you want.
- Open your account online in less than 5 minutes.
- Receive your confirmation through email and make a deposit to your new account.
- That’s it – you’re all set!
Get Started
Already bank at Libro?
Explore the additional account options below. To open an account, contact a Libro Coach at 1-800-361-8222 orbook a meetingtoday.
Chequing Accounts
Basic
A pay-as-you-go account for those who spend as little time banking as humanly possible. Best if you have limited transactions.
$4 (minimum)/ month
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View Monthly Fee
- Waived with $1,000 minimum monthly balance
- $0.60 per additional debit transaction
Key Benefits
- 12 transactions per month
- 5 surcharge-free Interac® ATM withdrawals per month*
- Overdraft available
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Go Free Chequing
Chequing account for those aged 25 and under with no monthly fee.
Free
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Monthly Fee
- Free for anyone under the age of 26
Key Benefits
- Unlimited transactions
- Unlimited surcharge-free Interac® ATM withdrawals**
- Free unlimited Interac® e-transfers
- 10 free Interac Request Money transactions per month
**Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Simplify
Flat-fee unlimited account. Best if you keep a minimum monthly balance of $2,500+ or have 27+ transactions per month.
$14 / month
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Monthly Fee
- $2 discount with automatic payroll deposit
- Waived with $2,500 minimum monthly balance
Key Benefits
- Unlimited transactions
- 5 surcharge-free Interac® ATM withdrawals*
- Free unlimited Interac® e-transfers
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
US Chequing
An account for US Dollar transactions with cheques available.
Free
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Monthly Fee
- $0
- 65¢ per additional debit transaction
Key Benefits
- Three interest earning rate tiers:
- $ 0 – $99,999
- $100,000 – $499,999
- $500,000 +
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Premium
Premium flat-fee unlimited account. Best if you have over $75,000 in deposits and loans at Libro or require extra perks.
$25 / month
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Monthly Fee
- Waived with $75,000+ portfolio balance
Key Benefits
- Unlimited transactions
- Unlimited surcharge-free Interac® ATM withdrawals*
- 10 free Interac Request Money transactions per month
- Free unlimited Interac® e-transfers
- Free cheque printing, stop payments, drafts
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Savings Accounts
Did you know you can open a savings account inOnline Banking? Simply click “Add Account” on the main account summary page!
View our Savings Rates
Investment
Savings account that pays a higher rate of interest on balances $1,000+.
Free
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Monthly Fee
- 2 free debit transactions per month
- $2per additional debit transaction
Key Benefits
- 2 free transfers to loan payments,chequing, savings and investments (then $2 each)
View our Savings Rates.
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Open Account
Checklist: Before We Get Started
The form should take about five minutes to complete. Please review the information below to help you prepare for the online account opening process.
You need to be 18 years or older.
Have your Social Insurance Number handy.
When you bank with Libro, you become an Owner by purchasing $5 in membership shares using your first deposit. If you’re 25 or younger, we’ll cover the cost for you.
Already have an account at Libro? Open another one through online banking, at alocation near youor give us acall.
Continue
Regular
Standard savings account; transaction fees waived with $5,000 minimum monthly balance
Free
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Monthly Fee
- $1 per debit transaction
Key Benefits
- Free transfers to loan payments,chequing, savings and investments
View our Savings Rates.
*Does not include fees charged by other financial institutions or independent ATM owners for the use of their ATM. To avoid extra fees, use Libro ATMs or those found on our locations page.
Open Account
Checklist: Before We Get Started
The form should take about five minutes to complete. Please review the information below to help you prepare for the online account opening process.
You need to be 18 years or older.
Have your Social Insurance Number handy.
When you bank with Libro, you become an Owner by purchasing $5 in membership shares using your first deposit. If you’re 25 or younger, we’ll cover the cost for you.
Already have an account at Libro? Open another one through online banking, at alocation near youor give us acall.
Continue
Youth
Savings account for those up to age 25 with no monthly fee.
Free
View
Monthly Fee
- Free for thoseup to age25
Key Benefits
- Unlimited transactions
- Free transfers to loan payments,chequing, savings and investments
View our Savings Rates.
Open Account
Checklist: Before We Get Started
The form should take about five minutes to complete. Please review the information below to help you prepare for the online account opening process.
You need to be 18 years or older.
Have your Social Insurance Number handy.
When you bank with Libro, you become an Owner by purchasing $5 in membership shares using your first deposit. If you’re 25 or younger, we’ll cover the cost for you.
Already have an account at Libro? Open another one through online banking, at alocation near youor give us acall.
Continue
Can’t decide which account fits your needs? A Libro Coach can help.
Contact
Why you’ll love our accounts
Access your account anytime, anywhere with Online Banking or the Libro Mobile App
Use Interac e-Transfer or round up your debit purchases to increase savings
Take advantage of free access to 4,000+ ATMs across Canada
Enjoy overdraft protection for peace of mind
Deposit cheques from your mobile phone
Use Apple Pay, Samsung Pay and Google Pay
Personalize your Libro Experience
Activate Online Banking
Explore Libro Credit Cards
Visit Making Cents of Money Blog
Learn about COVID-19 Resources
Frequently Asked Questions
Does Libro have a service agreement?
Yes, our service agreement can be found online and explains the service standards Libro holds itself accountable to.
Can I download a void cheque for my Libro account?
Yes, you can download a copy of your void cheque directly from Online Banking. Read our How-To page for instructions.
Does Libro offer deposit insurance?
Yes, when you’re a member of an Ontario Credit Union, your deposits are insured at no cost to you. To find out more information about what’s covered and what’s not, please read more on deposit insurance.
What is overdraft protection?
Overdraft protection is an option you can add to your chequing account to help avoid declined transactions or non-sufficient funds, in case you forget about an upcoming automated payment. Contact a Libro Coach to ask if this option is right for you.
Can I earn interest on my savings accounts?
Yes! Different savings accounts pay different interest rates. Visit our rates page for full details. We also offer other savings options like TFSAs and GICs. See our investment page to learn more.
Ways to Bank
Use Online Banking
Call Libro Connect
Find a Location or ATM
More Banking Options