Your Chequing

You only make a few transactions each month and you simply want to pay for the transactions you need, rather than a monthly fee. You want a hassle-free way to take care of your bill payments, deposits, withdrawals and other day-to-day financial activities.  You want to earn interest on the balances you maintain in your transaction account.  You want to combine the benefits of chequing and savings.  You need YOUR Chequing.

 

Features and Benefits

 

Transactions

Transactions are charged on a per item basis, so you only pay for the transactions you use from the Self Service Access, Credit Union Assisted Service and Additional Access Options.  If your average monthly service charges exceed the price of our lowest package we recommend one of our monthly package options.

 

Self Service Access Options:

  • MemberDirect® online services transfer funds, pay bills, view and print interim statements 24 hours a day, 7 days a week.
  • Your Member Card® Debit Card provides account access at ATMs on the following networks
    • Credit union affiliated ATM networks (surcharge-free access to over 2700 AccuLink® and EXCHANGE ATMs throughout Canada)
    • Interac® (Canada) and PLUS® (International) ATM Networks give you access to tens of thousands of ATMs around the world. Surcharge fees apply.
  • GLOBAL PAYMENT™ Mastercard® is available to allow you to debit purchases from your account at more than 14 million MasterCard® merchant locations around the world.
  • TeleService® telephone banking: access your accounts by telephone with toll free access from anywhere in North America. 1-800-963-4848.

Additional Access Options

  • Cheque writing
  • Pre-Authorized Payments and Direct Deposits to save you time running to your branch to pay bills or cash cheques.

Managing YOUR Money

 

  • Record Keeping Options: In addition to mailed statements, a convenient alternative is our electronic record keeping options: view, download or print your statement using MemberDirect® online services, listen to your recent transactions using TeleService® telephone banking or visit your credit union for interim statements. Monthly statement available with cheque images or returned cheques where offered.
  • Overdraft protection available based on approved credit, so you can avoid the inconvenience and cost of insufficient funds.

 Calculating Interest in a Way to Earn You More

 

Our tiered interest rates allow you to benefit from higher rates as your balances increase. The tiers are:

$1 - $499

$500 - $999

$1,000 - $2,999

$3,000 - $4,999

$5,000 +

Tiered interest is calculated based on the daily closing balance and paid monthly. What’s more, your interest rate is based on the rate for the highest tier attained and is calculated on the total balance in the account, earning you more for every dollar you deposit. Other institutions only give you the rate for the tier, on the dollars in the tier. For example, if the rate for the $1,000 to $2,999 tier is 0.5% and your balance is $1,001, most other financial institutions only give 0.5% on the $1 that falls within that particular tier. Credit unions calculate interest at the 0.5% rate for your entire $1,001 balance.

 

 

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