kcufinancial

        

Service Charges

Revised Service Charges rates


Effective 1 November, 2015


1.        

Chequing Account S/c

 

-          S/C on Seniors accounts (over 65 yrs of age)

Free

-          individual basic Chequing account

$5.95 per month

-          Premium Chequing  account

$ 11.95 per month

-          Premium Business Account

$21.95 per month

-          Business account  with unlimited transactions

$34.95 per month

2.        

Bill payments

 $1.50 per item

3.        

Chargeback on Account

$7.50

4.        

Certified Cheques – Members

$10.00

5.        

Certified Cheques – Non-Members

$20.00

6.        

Closing Account within 6 Months

$25.00

7.        

Collection Item – Received Paperwork (AFTs)

$25.00

8.        

Collection Item – Sent Paperwork (AFTs)

$25.00

9.        

NSF Cheque Charges (Cheque Issued by member)

$40.00

10.    

NSF Cheque Charges (Cheque  deposited by member)

$30.00

11.    

US Cheque processing in CAD

$10.00

12.    

Stop Payment -Full Details

$15.00

13.    

Stop Payment - Partial Details

$20.00

14.    

Cash Request – Coins/Bills/Notes

$25.00 per order

15.    

Wire - Incoming

$10.00 per wire

16.    

Wire – Outgoing National

$25.00 per wire

17.    

Wire – Outgoing International

$40.00 per wire

18.    

Wire Modification/Trace

 $35.00 per incident

19.    

Holding Post Dated Cheques

 Free

20.    

Transaction Tracing – up to 6 months

 $15.00 per item

21.    

Transaction Trace - over 6 months

 $35.00 per item

22.    

Interim Statement of account up to current 3 months

 free

23.    

Interim Statement of account above 3 months

$5.00

24.    

Demand Drafts up to 1 drafts/month

 Free

25.    

Demand Drafts more than 1 drafts/month

 $6.50 per draft

26.    

Annual review- Line of Credit

 $7.50 and above

27.    

Unauthorized Overdraft Charges

 30% per annum on
amount outstanding

28.    

RSP Withdrawal -Processing Fee

$50.00

29.    

RSP Transfer Out

$50.00

30.    

Early Redemption of Term Deposit

$50.00

31.    

Loan application fee

 

 - loans up to $50, 000.00

$125.00

 - loans above $50, 000.00

$225.00

Business loans

 1%-2% of Loaned amt. (subject to nature if risk involved)

32.    

Letter of Guarantee

 1% of Guaranteed Amount
(Min $250)

33.    

Mortgage discharge fee

$300.00

34.    

mortgage transfer fee

$300.00

35.    

Renewal fee mortgage

$150.00

36.    

Renewal fee commercial

$500.00

37.    

Letter of Interest Earned or Paid

$15.00

38.    

Letter of Balance for Probate

$15.00


 

 

RESP's :Registered Education Savings Plans

With the help of an RESP you, as a parent, friend or family member, can start putting aside money for a child’s post-secondary education. Your contributions can grow surprisingly quickly when you use this special savings account, as the Government of Canada offers the Canada Education Savings Grant and the Canada Learning Bond exclusively to RESP subscribers. 

 

Note:  KCU reserves the right to change Service Charge rates at any time, without further notice at its sole discretion. Latest applicable Service charge rates are displayed at the Notice Board.