Service Fees - Commercial Members

Updated Account Service Fees & Benefits

WFCU Credit Union offers members an extended lineup of services to make everyday banking more convenient.

The following Service Fee updates will be implemented, effective March 1, 2024.

Service New Service Fee
Business chequing and savings accounts cash deposits and withdrawals* 0.1% of amount deposited or withdrawn
Debit Mastercard stop payment  $18.00
Meritline split or combining $50.00
CUDP RESP transfer out  $125.00
Mortgage payout information statement to lawyer  $20.00
Benefit New Benefit Details
FREE transaction for all USD accounts Personal USD accounts receive one free
debit per month. All service fees will be waived if member maintains a minimum balance of $1,000.

Business USD accounts receive one free transaction per month; transaction can be debit or credit.

*Applies to Premier Business Pay-As-You-Go, Basic, and Value Chequing Accounts, ALTO Business Savings Account, and U.S. Business Savings Account.

Current Service Fees

Below are a list of the common service fees for 2021.

Item Service Fee
Account Confirmation $25.00
Cash/Coin Float Preparation $84.00/hr + HST
Cash Supplied $1.25 + HST per $1,000
Chargeback - Per Cheque or CAFT Item $5.00
Corporate Deposit Capture $75.00 (Setup)
$50.00 (Monthly)
Chequing Monthly Service Fee $20.00
Mailed Paper Statements $3.00/statement
Night Depository - Annual Fee Per Bag No charge
Optional Overdraft Protection $10/month + applicable interest charges
USD Business Account Draft $10.00

Note: Fees for ancillary services may be included or waived as part of specific account offerings.