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| Business chequing and savings accounts cash deposits and withdrawals* | 0.1% of amount deposited or withdrawn |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.