This paper presents an adaptive AEC(acoustic echo canceller) based on the wavelet transform using M-channel subband QMF filter banks. The proposed algorithm improves the performance of AEC with a realtime process by a low complexity of wavelet transform filter banks, a subband processing and a orthogonality of wavelet subband filter. Adaptive filter coefficients of each subband are updated using LMS algorithm with a low complexity and a easy realization for a realtime processing and a reduction of hardware cost. For a input signal, a white Gaussian noise and a real speech signal with a environment noises are used for a performance estimation of the proposed algorithm. As a result of computer simulation, the proposed AEC has a low asymptotic error, a low computation complexity and a robust performance.