Some account fees will change after integration.
Effective April 1, 2021, Draw Account Fees will be posted to member accounts in real-time. A draw account is when an account is overdrawn and has set up an automatic transfer feature to cover the overdraft. For example, if a member overdraws their main chequing and has money in savings to cover the overdraft automatically. Members will be charged $3.00 on the day the transaction occurred. No further charges would be added to the members’ monthly statement at month-end.
Tax Free Savings Account Withdrawal Fees:
After May 7, 2021, members will receive one FREE TFSA withdrawal per month. Any subsequent withdrawals will be charged at $5.00 per withdrawal. Fees are charged at the end of the month and will be reflected on your monthly statement.