- Daily interest savings account - no minimum balance required
- Interest calculated on a daily closing balance and paid quarterly
- Interest Rate: 0.15%
- Monthly Fee - $0
BUSINESS SAVINGS ACCOUNT FEES
BUSINESS SAVINGS ACCOUNTS
HIGH INTEREST BUSINESS SAVINGS ACCOUNT
- Competitive interest rates established on a tiered system
- Interest calculated on a step basis
- Interest calculated on a daily closing balance and paid monthly
- Monthly Fee - $0
BUSINESS ACCOUNT FEES
| Insufficient Funds Fee | $45.00 |
| Rejected items, per item | $7.00 |
| Direct payment purchases | $0.75 |
| Preauthorized payments | $0.75 |
| In-branch withdrawals or transfers | $0.75 |
| System transfer to cover overdraft | $4.00 |
| Telephone request for transfer | $4.00 |
| MemberDirect® Online transfer | $0.75 |
| MemberLink® Telebanking transfer | $0.75 |
| Chargebacks | $7.00 |
| Stop payments | $16.00 |
| Overdraft charge, per item | $5.00 |
| Collections sent and received | $26.00 |
| Line of Credit, monthly fee min. | $2.50 |
| Annual account review | Negotiable |
| Customer Automated Funds Transfer (CAFT) | Negotiable |
| Night depository bags | Cost |
| Bill payments - in-branch | $1.50 |
| Bill payments by MemberLink® Telebanking, MemberDirect® Online Banking | $0.75 |
| INTERAC e-Transfers® | $1.50 |
| Monthly Printed Statement Fee | $2.50 |
| Deposits at SCCU (in-branch, ATM, night depository) | FREE* |
| Coin orders | FREE* |
| *SCCU reserves the right to negotiate the monthly fee to accommodate extremely high volume accounts, and to limit large volume cash and cheque deposits. |
AUTOMATED TELLER MACHINE (ATM) CHARGES
| SCCU ATM | $0.75 |
| Other BC Credit Union ATM | $0.75 |
| EXCHANGE ATM | $0.75 |
| INTERAC® ATM | $2.00 |
| U.S. ATM | $3.00 |
| International ATM | $5.00 |
Some institutions have additional surcharges; THE EXCHANGE® Network has no surcharges.
WIRE TRANSFERS
| Domestic and International Incoming | $13 |
| Domestic and International Outgoing | $32 |
MISCELLANEOUS
| Letter of interest paid (income tax) | $15.00 |
| Registration of Certificate of Title | cost +$25.00 |
| Letter of Credit | 1% min. $25.00 |
| Automatic loan payment reversed | $5.00 |
| Account closed (open less than 90 days) | $25.00 |
| Balance of account transfer** | $22.00 |
| Inactive account – annually | $35.00 |
| Reference letter – account balance | $20.00 |
| Reference letter – bank verification | $23.00 |
| Reference letter – interest earned | $23.00 |
| Voucher search – less than 30 days | $6.00 |
| Voucher search – more than 30 days | $30.00/hr, min. $15.00 |
| Post dated cheques, held for deposit | $4.00 per item |
| Statement prepared in branch | $5.00 |
| Chargebacks | $7.00 |
| Cheque drawn on non-chequing account | $7.00 |
| Bill payment tracing | cost |
| Replace lost night deposit key | cost |
| Returned mail processing fee | $10.00 |
| U.S. Draft (USD) | $10.00 |
| Official Cheque | $10.00 |
| Monthly Printed Statement Fee | $2.50 |
| Cheque Images included in Printed Statement | $1.00 |
| Additional change of signor fee | $25.00 |
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OPEN A SAVINGS ACCOUNT
OPEN A HIGH INTEREST SAVINGS ACCOUNT
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*Transactions included in Account Packages: direct payment purchases, pre-authorized payments, bill payments through MemberLink® Telebanking, MemberDirect® Online Banking, withdrawals at all BC credit union ATMs and EXCHANGE® ATMs, in-branch withdrawals and cheques.
**Except when transferred to another credit union
MEMBERCARD® is a registered certification mark owned by Canadian Credit Union Association, used under license.
INTERAC Online® and INTERAC e-Transfer® are trademarks of Interac Inc. Used under license.
MemberLink® Telephone Service and MemberDirect® Online Service are registered trademarks owned by Canadian Credit Union Association, used under license.
Rates, fees and accounts are subject to change. For a complete list of services and fees, refer to our Service Fee Guide.
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