$6 Monthly FeeFREE monthly eStatement available in online banking |
Included TransactionsAny transactions beyond those included in our monthly package will incur a fee.
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BUSINESS ACCOUNT & SERVICE FEES
All fees listed below apply to our business and commercial chequing or savings accounts and are listed in Canadian currency unless otherwise indicated. Personal account and service fees can be found here.
Select the category below to view specific fees, or continue to view all fees.
BizSimple® Low Fee Chequing
Unlimited Chequing for Business®
$36 Monthly FeeFREE monthly eStatement available in online banking |
Included TransactionsAny transactions beyond those included in our monthly package will incur a fee.
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US Dollar Business Chequing
$6 USD Monthly FeeFREE monthly eStatement available in online banking |
Included TransactionsAny transactions beyond those included in our monthly package will incur a fee.
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Business Optimum Savings
$0 Monthly FeeFREE monthly eStatement available in online banking |
Included Transactions
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Commercial High Interest Savings
$0 Monthly FeeFREE monthly eStatement available in online banking |
Included Transactions
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Organization Value Chequing
$0 Monthly FeeFREE monthly eStatement available in online banking |
Included Transactions
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AgriInvest Account
$0 Monthly FeeFREE monthly eStatement available in online banking |
Included Transactions
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Transactions beyond the monthly package limit will incur a fee and are disclosed here:
| Transaction | Fee (in CAD unless otherwise indicated) (*fees will be charged in $USD on US Dollar chequing accounts) |
| Cheque clearing | Chequing*: $1.25 Savings: $1.25 High Interest Savings: $5 |
| In-branch withdrawal | Chequing*: $1.25 Savings: $1.25 High Interest Savings: $5 |
| In-branch transfer out | Chequing*: $1.25 Savings: $1.25 High Interest Savings: $5 |
| In-branch utility bill payment / manual bill payment | Chequing: $2 Savings: $2 High Interest Savings: $5 |
| In-branch deposit | Free |
| Electronic transfer between Envision Financial accounts | Free |
| Electronic utility bill | Chequing: Free Savings: $1.25 High Interest Savings: $5 |
| Cheque deposit via mobile app | Free |
| Interac e-Transfer® incoming (CAD currency only) | Free |
| Interac e-Transfer® Autodeposit (CAD currency only) | Free |
| Interac e-Transfer® outgoing (CAD currency only) | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Interac e-Transfer® Request Money | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Point of sale purchase | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Point of sale return | Free |
| Interac® Online purchase | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Interac® Online return | Free |
| Business-to-Business transfer incoming | Free |
| Business-to-Business transfer outgoing | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Pre-authorized debit (payment) | Chequing*: $1.25 Savings: $1.25 High Interest Savings: $5 |
| Pre-authorized credit | Free |
| THE EXCHANGE® and ACCULINK® ATM withdrawal | Chequing: $1.25 Savings: $1.25 High Interest Savings: $5 |
| THE EXCHANGE® and ACCULINK® ATM deposit | Free |
| Interac® ATM withdrawal | Chequing: $2.50 Savings: $2.50 High Interest Savings: $6 |
| International (including US) Cirrus® ATM Withdrawal** | Chequing: $5 Savings: $5 High Interest Savings: $7 |
*fees will be charged in $USD on US Dollar chequing accounts
**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.
Banking Services Fees
| Item | Fee (CAD unless otherwise indicated) |
| Personalized ATM card | $5 plus GST |
| Bank confirmation | Standard: $30 plus GST Comprehensive: $50/hour plus GST ($50 minimum) |
| Chargeback | $8 per item |
| Cheques printed in branch | $2 plus GST per sheet (excluding new account opening at $0.50/cheque plus GST) |
| Ordering cheques | Cost varies The price of personalized cheques is set by an authorized third party and ranges in price, depending on several factors, such as the colour, style, customizations and other add-ons selected by you. Contact us at 1-888-597-6083 for a quote. |
| Cheque retrieval/record search | $3 per item Comprehensive search (not available in branch): $50/hour plus GST ($25 minimum) |
| Cheque received for collection | $30 |
| Cheque held for collection | $20 |
| Coverdraft | $5 |
| Dormant Accounts | (If account deemed inactive prior to October 19, 2023) Charged after 2 years of inactivity: $2.50/month |
| (If account deemed inactive after October 19, 2023) Charged after 5 years of inactivity: $2.50/month One-time admin fee charged after 5 years of inactivity: $42.50 |
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| Foreign currency/cheque ATM Deposit | Foreign currency/cheque deposited to CAD account via ATM: $5 |
| Hold post-dated item (per item left on deposit) | $3 |
| Night deposit services | 100 disposable bags: $30 plus GST (any size) lost key replacement: $15 plus GST |
| Overdraft | Overdraft protection under $5,000: $3/month Unauthorized overdraft: $5/item |
| Returned Items | Per item returned due to non-sufficient funds (NSF): $48 (the NSF fee is charged in addition to the automatic unauthorized overdraft fee—see 'Overdraft' above) For post or stale date, body, figure, signature missing: Free |
| Statements | Mailed statement: $2.25/statement Cheque images with e-statement PDF: $2/statement In-branch transaction printout: $5 per month requested Statement re-print: $50 (per statement range) |
| Stop payments (in branch, via phone or online banking) | $13 (all or partial details provided) |
| Telephone transfers (internal transfer between accounts) | $5 |
| Third party demands | Per official cheque issued: $20 Administration fee when satisfied: plus $50 |
| Account transfer to another financial institution or credit union | $25 (in addition to early account closure fee if applicable) |
| Unqualified item (unencoded; where manual posting is required) | $10/item (includes cheques drawn in U.S. funds on CAD account) |
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Remote Cheque Deposit Service Fees
(via BizSimple® Cheque Deposit scanner technology)
| Monthly fee per scanner | $35 |
| Set up fee | $90** |
| Per additional unlisted transit | $90 |
| Add additional account | $20 |
| Remove account | $5 |
| Remove unlisted transit | $30 |
**includes 1 unlisted transit and up to 10 accounts
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Automatic Funds Transfer (AFT)
(AFT Service provided by PaymentStream)
| New AFT service set up fee (includes: originator setup, initial file testing and credit application risk review) |
$200 |
| Creation of additional originator IDs | $75 |
| Manual or file upload transmission (cost per release) | $10 |
| Additional charge within each file (cost per item) | $0.10 |
| Automatic transmission (cost per month) | $50 |
| AFT trace request | $10 |
| AFT error correction/recall | $1 per transaction |
| Hard token - new, lost or replacement | $15 |
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Miscellaneous Fees
| Item | Fee (in CAD unless otherwise indicated) |
| Bank drafts (members only) | U.S.: $10 USD Foreign: $10 Stop payment: $25 |
| Office cheques (members only) | $10 |
| Cash, coin & foreign funds cheques | USD currency exchange: Free (members only) Exchange coin: Free Special cash order: $10 plus GST (members only) GBP & Euro cheques: $30 |
| Ordering foreign currency | Sell foreign notes over $250 CAD equivalent: no charge Sell foreign notes under $250 CAD equivalent: $15 Expedited shipping if under $250 CAD equivalent: $25 Repurchase of order: $10 (Exchange rate differences may apply) |
| Change of signer | Per change, after the first one in any given year: $25 |
| Online banking access for Commercial Banking accounts | Monthly fee: $25/month Hard token (new, lost of replacement): $10 |
| Online banking access for Small Business Banking accounts | Free |
| Estate | Administer and settle estate account: $100 plus GST |
| Letters | Immigration, Reference, Access, etc.: $30 plus GST Interest advice: $30 plus GST (mortgages, etc.) |
| Credit reference | $30/per request plus GST |
| Non-member charges | Coin machine usage: 10% Cashing cheque: $5 |
| Photocopies | $0.50/item plus GST |
| Utility bill trace service | $10 $25 for items more than one year after the payment date |
| Interac e-Transfer® trace service | $10 |
| Safety deposit box rental (Note that GST will be added to these prices) |
Annual fees (plus GST) 1.5" x 4.5": $60 1.5" x 5": $60 2" x 5": $90 2.5" x 5": $90 3" x 5": $105 3.25" x 5": $105 3.75" x 5": $105 4" x 5": $105 5" x 5": $127.50 2.5" x 10": $127.50 3" x 10": $142.50 5" x 10": $225 10" x 10": $225 |
| Safety deposit box key replacement | $20 plus GST |
| Safety deposit box drill | $200 plus GST (additional expenses may apply for remote locations) |
| Wires in CAD | Incoming wire transfer: $15 Outgoing wire transfer: $30 |
| Wires in USD | Incoming wire transfer: $15 USD Outgoing wire transfer: $30 USD |
| Wire transfer trace service (missing originator info for incoming wire transfer, trace requests outgoing, recall of outgoing and amendments to outgoing) |
$25 |
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We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.
© First West Credit Union. All rights reserved.
