Operating Accounts
Our selection of Operating Account Packages allows you to choose what is right for your business. From sporadic usage, to self-serve, to unlimited standard transactions, we have packages that cover it all.
Key Features
Save on monthly fees.
The monthly fee is waived if you maintain a minimum daily balance in your account during the month on all Operating Accounts except the e-Select account.
Unlimited Transactions
Operate worry free with unlimited Standard Transactions on our e-Select and Signature Operating Account. (only certain transactions included).
Switch your Account
Whether you’re ramping up for the season or planning an expansion, with just a phone call to your branch, you can quickly and easily switch your Operating Account to avoid any excess service charges.
All our Operating Accounts come with Standard Transactions included as part of the monthly fee.
Performing any one of the following transactions would be considered a Standard Transaction:
Standard Transactions† |
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In-Branch Transactions |
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Cheques†† |
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Electronic Transactions |
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CU ATM Deposit, Transfer or Withdrawal *see package for included deposit content |
Items, Cash and Coin included in 3 package
Cash, coins, and items (such as cheques) that are deposited are covered in 3 of our packages. Each deposit counts as a single standard transaction, and you will only incur charges if you deposit more than what is included in your package.
Non-Profit
We offer reduced fees on all of our account packages for registered non-profits. All non-profit packages come with the same great features as the regular version. You get to choose what account is right for your non-profit.
Operating Accounts
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e-SELECT |
SELECT |
STANDARD |
SIGNATURE |
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Monthly Fee |
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Regular Price |
$6.00/ Month |
$7.00 /Month |
$25.00 /Month |
$80.00 /Month |
|
Non-Profit Price |
$3.00/Month |
$3.50 /Month |
$12.50 /Month |
$35.00 /Month |
|
Minimum Daily Balance Required to Waive the Monthly Fee |
Not Available |
$6,000 |
$20,000 |
$65,000 |
|
Included Transactions |
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Standard Transactions† |
Unlimited electronic transactions |
10/Transactions |
40/Transactions |
Unlimited |
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Number of items deposited (cheques) |
- |
10 |
40 |
200 |
|
Cash Deposited (Notes) |
- |
Up to $2,000 /Month |
Up to $5,000 /Month |
Up to $20,000 /Month |
|
Coin Deposited |
- |
Up to $200 /Month |
Up to $500 /Month |
Up to $2,000 /Month |
|
Point of Sale Deposits ** |
Unlimited |
Available |
Available |
Unlimited |
|
Online Me-to-Me transfers |
Unlimiited |
Unlimited |
Unlimited |
Unlimited |
|
Interac e-Transfers |
Unlimited |
Included in Standard Transactions (10) |
Included in Standard Transactions (40) |
Unlimited |
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Additional Transactions |
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Standard Transaction†† |
$5.00/Transaction |
$1.25/Transaction |
$1.25/Transaction |
Free |
|
Item Deposited |
$0.20/Cheque |
$0.20/Cheque |
$0.20/Cheque |
$0.20/Cheque |
|
Cash Deposited (Notes) |
$5.00 per $1,000 in Notes |
$2.25 per $1,000 in Notes |
$2.25 per $1,000 in Notes |
$2.25 per $1,000 in Notes |
|
Coin Deposited |
$5.00 per $100 in Coin |
$2.25 per $100 in Coin |
$2.25 per $100 in Coin |
$2.25 per $100 in Coin |
|
Cross Border Debit |
$1.50/Transaction |
$1.50/Transaction |
$1.50/Transaction |
$1.50/Transaction |
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Interac® ATM |
$1.50 /Withdrawal |
$1.50 /Withdrawal |
$1.50 /Withdrawal |
$1.50 /Withdrawal |
|
International ATM* |
$4.00 /Withdrawal |
$4.00 /Withdrawal |
$4.00 /Withdrawal |
$4.00 /Withdrawal |
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Non-encoded Cheques |
$10.00 / Cheque |
$5.00 / Cheque |
$5.00 / Cheque |
$5.00 / Cheque |
|
Overdraft Fee |
$5.00/item |
$5.00/item |
$5.00/item |
$5.00/item |
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Record Keeping |
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Online Statements with Cheque Images |
Free |
Free |
Free |
Free |
|
Paper Statements with Cheque Images |
Not available |
$3.00 /Month |
$3.00 /Month |
$3.00 /Month |
For each cheque we honour where the account is overdrawn, and/or over their approved line of credit, there is a $5 per item charge plus 21% interest charge while the account remains overdrawn.
All accounts and fees are subject to an annual review and may be higher than posted in certain situations.
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*Additional fees, such as any terminal convenience, currency conversion, or usage fees, may be charged by third parties and added as part of the transaction amount.
†Certain transactions may not be available to certain accounts with Dual Signatures enabled.
† † These are in-branch transactions and are not considered standard transactions for the e-Select account.
Unlimited refers to use of the account that is reasonable of the average consumer for business daily use only. Any usage which is deemed to exceed what is reasonable business daily use will be reviewed and may be subject to additional fees.
