The federal budget unveiled Tuesday proposes several reviews and reforms targeting the ways Canadians bank — and how many fees they face — in an effort to modernize the banking system.

Among the proposals are a review of ATM and Interac fees, prohibiting account transfer fees, cutting the amount of time banks hold cheques for, and regulating the use of “stablecoins” — a type of cryptocurrency backed by an established currency.

Here are some of the changes the Liberals are promising.

Reviewing ATM, Interac fees

The budget says the government will launch a review next year of the fees charged by banks and other federally regulated financial institutions, including Interac e-transfer fees and ATM fees.

“We will use every tool and agency at our disposal to address any unjustified fe

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