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Personal Service Charge Bulletin.

Effective Saturday, July 1, 2023, the Personal Service Charge Bulletin will be updated. Please review the fees that apply to your account and services.

If you have any questions about these changes, please contact us.

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Summary of July 1, 2023 fee changes.

Here’s a summary of the upcoming changes, along with some suggestions for ways to save on fees.

We work hard to keep our fees low for our members, and they have remained largely unchanged for many years. Updating some of our fees allows us to enhance your banking experience and deliver the services you need to achieve your financial needs and goals.

Account / Service

Current

Effective July 1

Ways to save

Monthly package fee: $7.75

Everyday Transaction¤ fees waived if monthly minimum balance¹ is $1,000 or more

Monthly package fee: $9.75

Everyday Transaction¤ fees waived if monthly minimum balance¹ is $1,500 or more

Maintain a minimum daily closing balance¹ of $1,500 throughout the entire month and you won’t pay a monthly package fee or Everyday Transaction¤ fees.

If you don’t make many transactions in a month, consider switching to a Pay as You Go Account, which offers no monthly fee.

Monthly package fee: $0

Everyday Transaction¤ fees waived if monthly minimum balance¹ is $1,000 or more

Monthly package fee: $0
(no change)

Everyday Transaction¤ fees will not be waived for maintaining a minimum monthly balance.

Everyday Online and Mobile Transactions¤ remain free.

This account has no minimum balance and is great for those with fewer transactions, since you only pay for what you use.

If you use your account more, moving to an E-Package Chequing Account may help you save with unlimited Everyday Transactions¤, free Interac e-Transfers®, and an option to avoid Everyday Transaction¤ fees by maintaining a minimum monthly balance¹.

Bank drafts/Official cheques²

CAD:
$6 for members
$8 for non-members

USD: $6

Other currencies: $7.75

CAD:
$9.95 for members
$20 for non-members

USD: $9.95

Other currencies: $9.95

Consider whether the recipient accepts other payment forms (e.g. credit card, Interac e-Transfer® (CAD only), or personal cheque).

Members with Access Chequing, or Seniors 55+ with Chequing Plus or Plan 24™ Savings Plus can order free official cheques (CAD) and USD drafts.

Stop payment

Online:
$5.75

In-branch:
$11.50

Online:
$10

In-branch:
$15

Set up your stop payment for cheques online (instead of in-branch) and save $5.

To avoid needing to issue a stop payment, verify the information on your cheque before you send it, and make sure you’ve communicated with the recipient and agreed upon the amount.

When possible, contact the recipient directly to cancel an uncashed cheque.

Safe deposit box

Annual fee:

$44.10 (s)

$56.70 (m)

$88.20 (l)

$152.25 (xl)

$244.65 (xxl)

GST is included.

Annual fee:

$55.10 (s)

$70.90 (m)

$110.25 (l)

$190.30 (xl)

$305.80 (xxl)

GST is included.

Consider whether a smaller box size might fit your storage needs.

Members with Access Chequing, or Seniors 55+ with Chequing Plus or Plan 24™ Savings Plus qualify for a $5 discount on all safe deposit boxes.

RRSP/RRIF/TFSA transfer to other financial institution

$25

$100

Consider discussing your transfer with us before you proceed to see if another option (that doesn’t involve transferring your account for this fee) might meet your needs.