Business Banking Fees
For a complete list of BCU Business Fees, click here
Business Account/Community & Organization Fees
| Business Account | Community & Organization Account | ||
|---|---|---|---|
| INTERAC E-TRANSFER | |||
| Incoming e-Transfer | Free | Free | |
| Outgoing e-Transfer | $0.75 | Free | |
| Cancellation or Return of eTransfer | $5.00 | $5.00 | |
| ACCOUNT CLEARING CHARGES | |||
| Cheque clearing | $0.75 | Free | |
| Cheque deposits | Free | Free | |
| EFT/AFT/PAC (incoming) | Free | Free | |
| EFT/AFT/PAD (outgoing) | $1.00 | Free | |
| EFT/AFT/Bill payment tracing | $25/item | $25/item | |
| n-Branch bill payment | $2.00 | $2.00 | |
| Online bill payment | $0.75 | Free | |
| In-branch withdrawal | $0.75 | Free | |
| Member-To-Member transfer | $0.75 | Free | |
| Chargeback to account | $10.00 | $10.00 | |
| Chargeback to account – for item from member’s own other accounts | $40.00 | $40.00 | |
| Overdrawn account fee | $25.00 | $25.00 | |
| Overdraft item handling | $10/item + OD interest | $10/item + OD interest | |
| Cheque/AFT drawn on non-chequing account | $10.00 | $10.00 | |
| Cheques deposited in the wrong currency | $5.00/item | $5.00/item | |
| Unqualified item | $10.00 | $10.00 | |
| Items received or sent on collection – Canada | $25.00 | $25.00 | |
| Items received or sent on collection – Foreign | $40.00 | $40.00 | |
| Hold Post-Dated Cheques | $2.00/item | $2.00/item | |
| Certify cheque for Members | $10.00 | $5.00 | |
| Certify cheque for Third Party – charged to third party | $25.00 | $25.00 | |
| Stop payments – complete details | $8.00 | $8.00 | |
| Stop payments – partial details | $15.00 | $15.00 | |
| Official BCU Corporate cheque (in currency of cheque) | $10.00 | $10.00 | |
| Telephone/Email transfers | $5.00 | $5.00 | |
| Automatic Transfers to cover draft | Free | Free | |
| Cheque orders: | |||
| Cheque Source in branch printing | see below | see below | |
| Counter cheques | see below | see below | |
| ASAP Cheques orders to be mailed | at cost + $10.00 | at cost + $10.00 | |
| ATM NETWORK CHARGES | |||
| BCU ATMs – All Transactions (Excluding deposits) | $0.75 | Free | |
| The Exchange Network ATMs – All Transactions | $0.75 | Free | |
| Canadian ATMs not on The Exchange Network – Cash Withdrawal ($1.50 + ATM surcharge) | $1.50 | N/A | |
| US or International ATMs – Cash Withdrawal ($5.00 + ATM surcharge) | $5.00 | ||
| Interac Debit Point of Sale Transactions (POS) | $0.25 | ||
| MemberCard replacement – 1 free per rolling 12-month period | $5.00 | $5.00 | |
| ATM/POS trace | Free | Free | |
| FOREIGN CURRENCY TRANSACTIONS | |||
| US dollars amount drawn on a Canadian account/cheque | $12.50 | $12.50 | |
| Deposit cheque in a foreign currencies | $10.00 | $10.00 | |
| DRAFTS | |||
| CAD Draft | $10.00 CAD | $10.00 CAD | |
| USD Draft | $10.00 USD | $10.00 USD | |
| Cancel Draft | $15.00 CAD/USD | $15.00 CAD/USD | |
| WIRES | |||
| Incoming | |||
| Canadian | $10.00 CAD | $10.00 CAD | |
| U.S. | $10.00 USD | $10.00 USD | |
| Outgoing | |||
| Canadian | $35.00 CAD | $35.00 CAD | |
| U.S. | $35.00 USD | $35.00 USD | |
| International: | |||
| Up to $1,000 | $35.00 USD | $35.00 USD | |
| $1,001 – $10,000 | $40.00 USD | $40.00 USD | |
| More than $10,000 | $50.00 USD | $50.00 USD | |
| Wire tracing, amendments, recalls | $25.00 CAD/USD | $25.00 CAD/USD | |
| COIN AND CURRENCY SUPPLIED (for orders of more than $5,000) | |||
| Per bundle – CAD/USD *Cash-intensive and high-volume cash orders are subject to higher fees. |
$3.00 CAD/USD * | $3.00 CAD/USD * | |
| Orders of more than $5,000 must be ordered at least 48 hours in advance. If not ordered more that 48 hours in advance a $25 surcharge will be levied IF the order can be processed. | $25.00 CAD/USD | $25.00 CAD/USD | |
| Per roll – CAD | $0.25 | $0.25 | |
| Coin Deposits – Large quantities of loose coins not accepted. Coins must be rolled to the maximum possible amount of rolls to be accepted for deposit | |||
| TRANSFER AND CLOSING OF ACCOUNTS | |||
| Balance of account transfer (out) | $25.00 | $25.00 | |
| Withdrawal from membership (over 12 months) | $25.00 | $25.00 | |
| Withdrawal from membership (within 12 months) | $50.00 | $50.00 | |
| Estate Account Closing Fees | $200.00 | $200.00 | |
| INFORMATION ON ACCOUNTS | |||
| Monthly Statements: | |||
| Monthly E-Statement (with imaged cheques) | FREE | FREE | |
| Monthly mailed statement (with imaged cheques) | $3.00 | $3.00 | |
| Monthly statement reprint (with imaged cheques): | |||
| per statement from September 2019 | $5.00 | $5.00 | |
| per statement prior to September 2019 | $10.00 | $10.00 | |
| History report: | |||
| within current and previous calendar year | $2.00 | $2.00 | |
| before previous calendar year | $5.00 | $5.00 | |
| Audit Confirmations: | |||
| Personal/Organizational | $25.00 | $25.00 | |
| Business/Commercial | $50.00 | $50.00 | |
| Bank confirmation sent outside of Canada | $50.00 | $50.00 | |
| Search of records: | |||
| Within 30 days | Free | Free | |
| After 1 month | $50/hr min $25 | $50/hr min $25 | |
| Replacement passbook (if lost) | $5.00 | N/A | |
| Dormant/Inactive accounts: | |||
| First notice – Inactive Account (no activity for 1 year) | Free | Free | |
| Second notice – Dormant Account (no activity for 2 years or more) | $45 + processing fees | $45 + processing fees | |
| Annual Dormant Account Fee (on anniversary of dormancy from years 3-9) | $45 + processing fees | $45 + processing fees | |
| Transferring funds to Bank of Canada at 10-year anniversary of dormancy | $100.00 | $100.00 | |
| SAFETY DEPOSIT BOXES | |||
| Safety deposit box rental: | |||
| Standard (incl. HST) | $45/year | $45/year | |
| Medium (incl. HST) | $55/year | $55/year | |
| Large (incl. HST) | $65/year | $65/year | |
| Loss and/or replacement of safety deposit keys | cost of key + $25 | cost of key + $25 | |
| Drilling of Box | cost of locksmith + $25 | cost of locksmith + $25 | |
| MISCELLANEOUS | |||
| Canadian Passport guarantor: for active, well-known member | Free | Free | |
| Commissioner | Free | Free | |
| Estate Maintenance (cost of correspondence and legal fees extra) | $50/hr.- min $25 | $50/hr.- min $25 | |
| Credit Card Guarantee | $50.00 | $50.00 | |
| 3rd Party Demand / Garnishment – per remittance | $50.00 | $50.00 |
Business Account/Community & Organization Credit Fees
| CONSUMER CREDIT | FEES |
|---|---|
| Mortgage Pre-Approval | Free |
| Increase payment 1 | Free |
| Principal pre-payment – up to 20% 2 | Free |
| Change Payment Frequency | Free |
| Renewal fee | Free |
| Amortization schedule | Free |
| Property appraisal | At cost |
| NSF loan/mortgage payments | $40.00 |
| Late payment charge | $25.00 |
| Loan amendment | min $150.00 |
| Discharge or transfer out fee | $300.00 |
| PPSA inquiry | $15.00 |
| PPSA registration | $60.00 |
| Letters re: duplicate information | $25.00 per item |
| Assumption fee | min $150.00 |
| Annual Commercial review fee | $150.00 |
| Late Financial Reporting fee | $150.00 |
| Commercial Mortgage Renewal fee | $500.00 |
| Amendment fee | $350.00 |
| Admin fee | $350.00 |
| BUSINESS OR ORGANIZATION CHEQUE PRINTING FEES | ||
|---|---|---|
| Business/Organization Accounts | Qty | Fee |
| 12 | 10.50 | |
| 50 | 25.00 | |
| 100 | 40.00 | |
| 200 | 70.00 | |
| 300 | 75.00 | |
| 400 | 82.50 | |
| 500 | 95.00 | |
| Counter Cheques | 12 free “personal” counter cheques per year. | $1.25 per cheque afterwards (4 minimum) |
| Personal Cheque Wallet | Free | |
| 20.00 | ||
| 30.00 | ||
| D + H cheques | at cost + 10.00 |
1 Commercial Loan Application Fee: Contact the Commercial Banking Department for details
2 Annual sum of payment increases cannot exceed 20% mortgage pre-payment allowance amount
3 Mortgage pre-payment allowance limited to 20% of the original loan amount per rolling 12-month period
