Service Fees
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| Business chequing and savings accounts cash deposits and withdrawals* | 0.1% of amount deposited or withdrawn |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.
| Service | Service Fee |
| Bill Payment on Savings Account - In Branch, Online, Telephone or ATM | $2.00 |
| Certified Cheques - Member | $15.00 |
| Certified Cheques - Non-Member | $20.00 |
| Cheque Images Returned With Statement | $3/month |
| Collection Item | $20.00 |
| Daylight Overdraft | $5.00/item |
| Delinquent Notice | $85.00 |
| Delinquent Notice - Phone Call | $15.00 |
| Delinquent Notice - Letter | $140.00 |
| Delinquent Notice - Manual Transfer | $35.00 |
| Drafts (CDN) | $7.50 |
| Drafts - Refund or Replacement if Lost or Stolen | $20.00 |
| Duplicate Remote Deposit Capture | $10.00 |
| INTERAC e-Transfer® transaction | $1.50 per outgoing transaction |
| Handling Post-dated Cheque | $3.00 |
| Mailed Paper Statement | $3.00/statement |
| NSF Cheque Fee | $65.00 |
| Optional Overdraft Protection | $4.00/month when used plus applicable interest charges |
| Personalized Cheques | Cost per supplier |
| Request for Member Letter | $20.00 |
| Request for Credit Union Records | |
| - hourly rate for search | $35.00 |
| - minimum charge for search | $15.00 |
| RRSP/RRIF/TFSA Transfer Out fee (per plan) | $125.00 |
| RRSP/TFSA W/Ds from Fixed/Redeem Locked | $25.00 |
| Safety Deposit Box Rental | From $50.00 - $300.00 per year + HST |
| Stop Payment on Cheque | $18.00 $18.00 USD for USD cheque $43.00 USD for USD draft |
| Transfer Account Balance to Another Financial Institution | $70.00 |
| USD Drafts | $10.00 |
| Wiring of Funds - Outgoing | $30.00 (Less than $10,000) $50.00 (More than $10,000) |
| Wiring of Funds - Incoming | $15.00 |
| Writing USD Funds Cheque on a Canadian Fund Account | $16.00 |