Product Changes
We’re making changes to a number of our chequing packages and savings accounts.
Personal Accounts
Several personal accounts will be updated as part of our upcoming banking system conversion.
Chequing Accounts
HeadStart Package (ages 0-17)
Going forward, our HeadStart members will be receiving our ‘Ultimate Package’ at no charge. You will see your account called this both in online banking and on statements. This change will mean you now receive unlimited transactions per month instead of 50 free transactions.
MyChequing Package (ages 18-24)
Our MyChequing members will now be receiving our ‘Ultimate Package’ at no charge. You will see your account called this both in online banking and on statements. This change will not alter your package benefits. You will still receive unlimited transactions per month.
Horizon Package (ages 60+)
Our Horizon members will now receive our ‘Ultimate Package’ at no charge. You will see your account called this both in online banking and on statements. This change will not alter your package benefits. You will still receive unlimited transactions per month, as well as 2 free US ATM withdrawals/month.
Savings Accounts
Property Tax Savings Account
This account has been converted into a new Plan24 Savings Account and your transaction history has been carried forward. Please note that this change only affects the Property Tax Savings Account. It does not change the Tax-Free Savings Account.
TBill Savings Account
This account has been converted into a new Investment Savings Account (ISA) and your transaction history has been carried forward. The new ISA will give you:
- Increased savings interest
- Two free transfers a month. Any additional transactions or withdrawals will be $5 each
Aside from these updates, all our other personal accounts will continue delivering the same great benefits and features:
- Basic
Package - Simple
Package - Smart
Package - Ultimate
Package
Business Accounts
Our banking system conversion includes some exciting updates to improve our account packages for your business.
Business Pack
All of our current business packages will be merging into one account – The Business Flex Package. This new account has six tiers and will automatically adjust your monthly fees up and down according to how many transactions you make each month. So you only pay for what you really use.
Business 10 Pack $10
Business 15 Pack $15
Business 20 Pack $20
Business 35 Pack $25
Business 50 Pack $35
Business Unlimited Pack $50
On top of which, you’ll also receive:
- No more over-limit transaction fees
- Free MemberDirect® Small Business Online Banking (currently this cost $3/month)
- Interac e-Transfers® included as a monthly transaction, which means no more
immediate $1.50 fee per Interac e-Transfer
New Paper Statement Fee
The Business Flex Package includes free e-statements. There will be a $3 for paper statements. To opt out of paper statements, please contact your branch or the Member Service Centre at 1-855-220-2580.
Have Questions About the Upcoming Banking Conversion?
Don’t hesitate to get in touch. Our team is always happy to help.
