Personal Service Charge Bulletin.
NOTICE
Effective December 1, 2024, the Personal Service Charge Bulletin will be updated. Please review the fees that apply to your account(s) and services.
Service Charge Bulletin (Effective October 1, 2024)
Service Charge Bulletin (Effective December 1, 2024)
If you have any questions about these changes, please contact us.
Summary of changes.
Here’s a summary of the changes, along with some suggestions for ways to save on fees.
Account / Service
Previous
New
Ways to save
Plan 24® Savings
10 Free Everyday Transactions¤ per month
Starting Dec 1, 2024:
2 Free Everyday Transactions¤ per month
A fee will apply to each additonal transaction ($0.50-$0.70)
If you make more than 2 Everyday Transactions¤ per month, consider our other account options available https://www.vancity.com/bank/ or contact us to discuss which accounts best meets your needs.
E Package Chequing
Unlimited Everyday Transactions*
Starting Oct 1, 2024:
New Name: Vancity Essential Chequing
25 free Everyday Transactions* each month, then per item fees apply ($0.50 - $0.90).
Consider Vancity credit cards for day-to-day purchases with $0 annual fee options.
For those who transact frequently (e.g. if you use your debit card daily) consider whether you can get more value from the Vancity Essential Plus Chequing or Vancity Total Chequing Accounts. Both are available at $0/month if you maintain the minimum monthly balance.
*Everyday Transactions are described in the Service Charge Bulletin. All deposits, online & mobile transactions, plus purchases on Vancity credit cards and are not counted as Everyday Transactions. For a complete list of charges applicable to Vancity Essential Chequing accounts, see the Service Charge Bulletin.
View legal details
¤Everyday transactions are all of these:
- Everyday Cheque and Preauthorized Payment Transactions are cheque transactions and preauthorized payments (PADs) from Vancity Accounts.
- Everyday Online and Mobile Transactions are bill payments, cheque deposit using Vancity Mobile Deposit™, transfers from Vancity Accounts made online using a computer, mobile phone, Mobile Device or using Vancity’s automated Telephone Banking service.
- Everyday In-Person Transactions are Account withdrawals, bill payments, transfers to or from Vancity Accounts conducted person-to-person, over the phone with our branch staff or Member Service Centre staff.
- Everyday Debit Card Transactions are debit card purchases or ATM cash withdrawals or ATM transfers from Accounts.
Note that INTERAC®️ e-Transfers are not included in Everyday Transactions in Plan 24®️Savings and are charged separately.
Everyday Transaction fees are calculated and charged at month-end for Vancity’s chequing and savings products, with the exception of Jumpstart High Interest where the fees are incurred immediately when the transaction is made. Overdraft interest, not covered by a Creditline line of credit or a Personaline line of credit, accrues immediately and will be calculated and payable at month-end.
±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, c) INTERAC e-Transfers® that are subject to a fee — if applicable to your account, 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.
For a full list of fees, see the Personal Service Charge Bulletin.
Interac e-Transfer is a registered trademark of Interac Corp. Used under license.