Ways to save on fees

Fair and reasonable. That's our approach to banking fees.

We're committed to delivering top-quality banking and other financial services at a fair, reasonable price to all our members.

What does it cost to bank at Vancity?

The personal account you choose comes with a suite of Everyday Transactions * that have fees associated with them. Everyday Transactions * include:

  • Everyday In-Person Transactions*
  • Everyday Debit Card Transactions*
  • Everyday Cheque and Preauthorized Payment*
  • Everyday Online and Mobile Transactions*

Depending on the account you choose one or more of these fees may be waived as part of the account package. For example if you choose the Pay As You Go Chequing option and you retain a minimum balance of over $1,000¹ at all times during the month your Everyday Transactions * fees are waived.

Over and above the Everyday Transactions * you use, you may from time to time, require other services. For example, if you want to send an INTERAC® e-Transfer, a wire transfer or need an official cheque, or a safety deposit box, these services are not part of your Everyday Transactions * and there will be fees associated with these services. Please see our Personal Service Charge Bulletin, or contact us.

How can I minimize fees and other costs?

Here are some tips on how Vancity can help you manage your money better. * Hover over the asterisk to see details.

  • Save with our E Package Chequing Account
    You get unlimited access to Everyday Debit Card Transactions*, Everyday Cheque and Preauthorized Payment*, and free Interac® e-Transfers for $7.75/month. And if you want to save more money, maintain a minimum balance at all times over $1,0001 and you won’t pay this monthly package fee plus you’ll get free unlimited Interac® e-Transfers and Everyday Transactions *.
  • Do your banking online using your mobile phone or mobile device
    Everyday Online and Mobile Transactions* are FREE on all our accounts. All you need is an online banking password to get started. There may be fees associated with Interac® e-Transfers depending on your account. Also, when transferring money to another Vancity member use our free inter-member transfers in Online Banking as an alternative to sending an official cheque, money order or Interac® e-Transfers.
  • Keep at least $1,0001 in your account at all times
    If you retain a minimum balance of $1000 at all times in a month in your E Package Chequing or Pay As You Go Chequing accounts you'll receive free Everyday Transactions *, and your monthly package account fees will be waived for the month.
  • ATM Transactions
    To avoid network fees and surcharges that may be charged by the ATM operator or associated network when using an ATM, choose a Vancity ATM or any Exchange ATM in Canada and the US, and Allpoint ATM in the US. One is always nearby -- some participating banks and credit union ATMs include: Coast Capital Federal Savings Credit Union, HSBC Bank Canada, Envision Financial, BlueShore Financial, and Island Savings Credit Union, and Circle K. Some participating US ATMs can be found in popular retailers like Target, Walgreens and Safeway.
    You can easily locate these “Ding-Free” ATMs using the Exchange App. Find out more information here.
    Traveling to the US?
    Choose an Accel point of sale to avoid additional surcharges and fees.
  • Are you 55 or older?
    Members age 55+ enjoy great benefits which include our Chequing Plus, and USD Chequing Plus accounts which offer unlimited FREE Everyday Transactions *.
  • Are you under 25?
    We understand that you are just starting out so we have designed the hassle free Chequing Plus and accounts which gives you unlimited FREE Everyday Transactions *.
  • Vancity members with disabilities
    Our Access Chequing account offers Vancity members with disabilities 40 FREE Everyday Transactions * per month plus unlimited free Interac® e-Transfers, and ATM access through Exchange/ACCULINK/Allpoint, INTERAC®, ACCEL and Cirrus ATM Networks. See your branch for further details.

* Hover over the asterisk to see details.

1 You must retain a minimum of $1000.00 in Your Account at all times for the full calendar month for Everyday Transaction fees and monthly package fee (if applicable) to be waived.

2 Additional Vancity and third-party fees will apply for services not classified as Everyday Transactions and, in certain circumstances, include fees for: a) ATM network fees if you use any Canadian ATM that is not an Exchange® ATM or ACCULINK® ATM. b) ATM network fees if you use a US/international ATM that is not on the Allpoint network. c) INTERAC® e-Transfers that are subject to a fee. d) Fees for additional services that you choose from Vancity.
You may also be charged third-party fees including: e) A surcharge (convenience fee, and/or a foreign exchange conversion fee) by the ATM or POS operator and all associated networks engaged for the ATM or POS Transactions. f) Merchant fees when you use your debit card to pay for purchases. g) Fees charged by your mobile phone service provider; please request details from your service provider.

Review the fee schedule. Fees are subject to change.

® Trademark of Interac Inc. Used under license.