KEY FEATURES & BENEFITS:

 

• FREE deposits
• 25 FREE THE EXCHANGE® & ACCULINK® ATM withdrawals, Interac® direct payments, cheque clearings or pre-authorized payments per month
• FREE monthly eStatement including cheque images
• Unlimited electronic transfers
• Unlimited electronic bill payments
• Rest easy knowing that your deposits are 100% guaranteed†
• Plus, you can access and manage your business accounts 24/7 with our Business Online Banking services.

†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.

 

FEES

Monthly Fee	$0
Interest	No interest is payable on the Organizational Value Account as it is a non-interest bearing account
Additional Transaction Fees	In-branch withdrawal $1.25  The EXCHANGE® & ACCULINK® ATM withdrawal  $1.25 In-branch transfer  $1.25 In-branch bill payment  $2.00 Interac® online payments  $1.25 Interac® direct payment  $1.25 Pre-authorized payment  $1.25 Cheque clearing  $1.25 Send Interac e-Transfer®  $1.25 Request Interac e-Transfer®  $1.25 Send Me-to-Me Transfer  $1.25 Interac® ATM withdrawal  $2.50 International ATM withdrawal*  $5.00
	View our service fee guide

 

® Trade-Mark of Interac Inc. Used under licence

*In addition to the applicable service charges, you may be charged applicable fees (including commissions) by third parties and we may charge and earn commissions and revenue based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

 

LOOKING FOR THE FINE PRINT?

 

Here is everything you need to know about the term and conditions for this account.

Business Member Application—Unincorporated Association (PDF) 
Business Member Application—Sole Ownership, Partnership, Corporation (PDF)
Business Member Application—Joint Venture (PDF)​ 
Business Trust Account Application (PDF)