CHEQUING ACCOUNTS:
The Service:
An account that provides members withdrawal
and deposit options. It is available for personal,
farm, business or organizational use.
No charge transactions:
-
Deposits to account
Internal pre-authorized automated
transfers (i.e. loan payments)
Service Charges:
-
Per cheque - $0.80,
Per paper cash withdrawal and transfer $0.80,
Per electronic debit (ATM, MC or POS) $0.80 to $2.00,
Personalized Cheques - at cost,
Account Maintenance Fee - $3.00
Service Charge Packages:
CUPAC: is a package of services that can be
arranged on personal chequing accounts only,
for a fee of $12.00 per month. This fee will be
automatically transferred from the account at the
end of each month. Items included in the package
are:
-
-
30 free debit transactions per month (i.e.
cheques, withdrawals, ATM, POS, MC,
utility bill payments, etc.),
Unlimited deposits per month,
No commission charges on traveller’s
cheques,
Free monthly statements,
Includes 1 Plan 24 account with free
service charges,
Personalized Cheques - at cost
$10000 and over ………………... as posted
PAC II: is a package of services that can be
arranged on personal chequing accounts only, for a
fee of $20.00 per month. Similar to the CUPAC plan
this service charge package gives you unlimited debit
transactions every month. This fee will be
automatically transferred from the account at the end
of each month. Items included in the package are the
same as the CUPAC account except you will have
unlimited debit transactions per month.
PAC III: is a package of services that can be
arranged on farm and business accounts, for a fee of
$25.00 per month. Similar to the CUPAC and PAC
II plans this service charge package gives you limited
debit transactions every month. This fee will be
automatically transferred from the account at the end
of each month. Items included in the package are:
-
-
30 free debit transactions per month (i.e.
cheques, withdrawals, ATM, POS, MC,
utility bill payments, etc.),
Unlimited deposits per month,
No commission charges on traveller’s
cheques,
Free monthly statements,
Includes 1 Plan 24 account with free service
charges,
Personalized Cheques - at cost
PAC IV: is a package of services that can be
arranged on farm and business accounts, for a fee of
$35.00 per month. Similar to the CUPAC and PAC
II plans this service charge package gives you
unlimited debit transactions every month. This fee
will be automatically transferred from the account at
the end of each month. Items included in the package
are the same as the PAC III except unlimited debit
transactions.
e-PAC
The Service:
An electronic service charge package available for
personal or business use.
-
Unlimited electronic transactions,
Monthly Maintenance Fee of $9.50,
Regular charges will apply for cheques, and
over the counter debits,
Personalized Cheques – at cost
As well as issuing cheques against a Maximizer
Account, members may take the advantage of the
ATM, POS, MasterCard, Line of Credit, transfers
and withdrawals.
No charge transactions:
LOW FEE ACCOUNT:
The Service:
It is a limited package of services that can be arranged
on any account for a fee of $4.00 per month. Similar
to all other service charge packages this package
gives you limited debit transactions every month.
This fee will be automatically transferred from the
account at the end of each month. Items included in
the package are:
-
-
8 free debit transactions per month (i.e.
cheques, withdrawals, ATM, POS, MC,
utility bill payments, etc),
Unlimited deposits per month,
Free monthly statements,
Personalized Cheques - at cost
-
-
No service charge for debits if balance
remains above $1,000.00 for the entire
month,
Deposits to the account,
The following charges will apply if the closing
balance drops below $1,000 at any time during the
month:
- Per cheque - $0.80,
- Per paper cash withdrawal and transfer $0.80,
- Per electronic debit (ATM, MC or POS) $0.80 to $2.00,
- Personalized Cheques - at cost,
PLAN 24:
The Service:
MAXIMIZER:
The Service:
The Maximizer account combines chequing and
savings into one easy-to-manage account with a
monthly maintenance fee of $6.00. This one-account
concept eliminates the bother of transferring from one
account to another and allows you to write cheques
while still earning interest. Interest will be credited to
the account at the end of each month.
The Maximizer Account pays interest on a structure
basis. The tiered structure is as follows:
$ 0.00 - $1499 ………………….. as posted
$1500 - $4999 ………………….. as posted
$5000 - $7499 ………………….. as posted
$7500 - $9999 ………………….. as posted
A savings account that provides a competitive rate
of interest and easy account access at the
depositor's convenience without penalty or loss of
interest. Interest is calculated on the closing daily
balance and credited monthly.
No charge transactions:
- Deposits to account
- Internal pre-authorized automated
transfers (i.e. loan payments)
Service Charges:
- Per paper cash withdrawal and transfer $0.80,
- Per electronic debit (ATM, MC or POS) $0.80 to $2.00,
- Account Maintenance Fee - $3.00
REGISTERED PLANS:
CU AUTOMATED
TELLER SERVICE:
RRSP's:
A Registered Retirement Savings Plan
(RRSP) is a government approved plan through which
you save money for your retirement years. Your
contributions are tax deductible and the income earned
is tax sheltered.
Saskatchewan Credit Union ATM's:
-
RRIF's:
With a Registered Retirement Income
Fund (RRIF) you can convert your RRSP savings into a
vehicle to provide a regular income, while at the same
time continue to maintain maximum control over your
tax sheltered retirement investment. The flexibility of
the RRIF makes it the ideal investment.
HERITAGE ACCOUNT:
The Service:
Heritage accounts are available to all consumer
members 60 years of age and over, and are provided
automatically once you reach your 60th birthday. As a
Heritage member you are entitled to the following
benefits:
-
-
-
Free cash withdrawals, cheque processing,
transfers, and electronic debits on your
regular Chequing and Plan 24 accounts,
No commission charges on traveller’s
cheques or utility payments,
No monthly maintenance fee on your regular
Chequing unless the balance drops below
$1,000 at anytime during the month, then a
maintenance fee of $5.00 will be charged,
Personalized Cheques – at cost
$5.00 discount on Safety Deposit Box rentals,
No interest penalty on monthly interest
payments for non-redeemable terms over
$5000 (Minimum 2 year term).
In the case of a joint account, only one member must
qualify for you both to receive all the benefits of our
Heritage accounts. If you have a Maximizer account,
the regular conditions will still apply.
No charge for deposits to accounts
No charge for account balance inquiries
Service charges will apply for withdrawals and
transfers as outlined under the various accounts.
All other ATM's:
-
Per withdrawal - $2.00 plus user fee if applicable.
Trust accounts are subject to all regular
service charges.
OTHER CHEQUING
CHARGES:
Overdrafts:
Per each paid item - $5.00
Per mail notice or phone call - $10.00
Overdraft Interest – 24%
NSF Cheques - $30.00 each
Certification of Cheques:
Issuer - $10.00
Holder (3rd party) - $20.00
Stop Payment Requests (each) - $15.00
2.5" x 5" - $40.00/year
2.5" x 10" - $60.00/year
Transfer account to another FI - $50.00
Estate Administration Fee - $50.00
Bank Confirmations - $25.00
Duplicate Statement - $5.00
Account History Printout (banking system) - $1.00/page
Utility Payments: Members - $0.80
Non-members - $2.00
Photo Copies - $0.25 per copy or per side
Debit Card or Payment Card:
Initial Card - Free
Replacement Card (i.e. lost or damaged) - $10.00
Search for Records - $30.00 per hour (minimum $30.00)
Charge Backs - $7.00
Rolling Coin - $0.50 per roll
Personalized Cheques - cost
Faxes - $1.00 per page (received or sent)
RRSP Transfer Fees - $50.00 per transfer
Account Maintenance Fee - $3.00
Inactive Accounts - $10.00/year
Non-members exchanging foreign currency – 2%
commission (over the posted rate)
YOUTH ACCOUNTS:
All members of the
Herbert Credit Union who are 18 years of age and younger
will have access to all services and accounts with free
deposits and 20 debit transactions per month on Youth
Accounts. A monthly fee of $6.00 will apply if the member
exceeds 20 debit transactions in a month. All other service
charges will apply.
GRADUATE ACCOUNTS:
OTHER SERVICES
Non-member Cheque Cashing – 1% of cheque with $5.00
minimum
US fund cheques drawn on Canadian $ accounts - $5.00
each
Items sent on Collection - $10.00
Money Orders (each) - $6.00
Foreign Currency Drafts - $10.00
Manager's Trust Cheques:
Members - $10.00
Wire Transfers:
In Canada - $20.00
USD - $35.00
International - $50.00
Received - $20.00
Safety Deposit Box Rental:
All members of
the Herbert Credit Union who are 25 years of age and
younger and enrolled in a post secondary school as a full
time student have access to all services and accounts with
free deposit and 20 debit transactions per month on a
Graduate Account, with personalized cheques at cost. A
monthly fee of $6.00 will apply if the member exceeds 20
debit transactions in a month. All other service charges will
apply. It is the responsibility of the student to give the
credit union confirmation of enrollment each semester.
Line of Credit Renewal Fees:
Consumer Lines of Credit - $10 to $40
Agriculture and Commercial - $50 to $200
(Annual renewal fees are based on the line of credit limit)
Services
Information
Effective August 1, 2013
This brochure is a general outline of the
various types of accounts, payment
services and related Fees and Charges of
the Herbert Credit Union. The intent is to
assist you in understanding the options
that are available allowing you to
arrange your financial affairs and keep
charges to a minimum