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Product Fee Updates

We’re making important changes to our account offerings and fees, effective November 1, 2021. All changes are listed in the tables below. For more information, please call 1 888 440 4480.

Retail Accounts

Current Prospera Name Brand New Account Simply Chequing Young Adult Chequing Advantage 59 US Chequing Investment Savings Maximizer Savings
Current WSCU Name Unlimited Chequing Regular Chequing Young Adult Chequing Golden Chequing US Chequing High Interest Savings Plan 24 Savings
New Name Personal Unlimited Account Personal Essential Account Personal Unlimited Account Personal Unlimited Account Personal US Account Personal High Growth Savings Account Personal Savings Account
Monthly Fee $10.00 $3.50 $0.00 $0.00 $0.00 $0.00 $0.00
Age Requirement or Discounts N/A up to 25 years of age 59+ N/A N/A N/A
Interest Calculation N/A N/A N/A Daily Daily Daily Daily
Interest Paid N/A N/A N/A Monthly Monthly Monthly Monthly
Paper statement - mailed $2.00 $2.00 $2.00 Free $2.00 $2.00 $0.00
Included Transactions Unlimited 10 + 2 free Interac e-Transfers Unlimited Unlimited 1 2 5
In Branch Withdrawal $0.00 $0.75 $0.00 $0.00 $0.75 $5.00 $1.00
In Branch Transfer $0.00 $0.75 $0.00 $0.00 $0.75 $5.00 $1.00
In Branch Bill Payment $0.00 $0.75 $0.00 $0.00 $5.00 $1.00
Cheques $0.00 $0.75 $0.00 $0.00 $0.75 $5.00 $1.00
Pre-authorized Debits $0.00 $0.75 $0.00 $0.00 $0.75 $5.00 $0.00
Electronic Transfer $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00
Electronic Bill Payment $0.00 $0.75 $0.00 $0.00 N/A $5.00 $0.00
Debit card purchases $0.00 $0.75 $0.00 $0.00 N/A $5.00 $1.00
Interac e-Transfer® $0.00 $1.00 $0.00 $0.00 N/A $5.00 $1.00
All Canadian credit union ATM withdrawals $0.00 $0.75 $0.00 $0.00 N/A $5.00 $1.00
Interac ATM Withdrawal $2.50 $2.50 $0.00 $2.50 N/A $6.50 $3.50
USA EXCHANGE® and foreign CIRRUS® ATM withdrawals $3.50 $3.50 $2.50 $3.50 N/A $8.00 $3.50

Business Accounts

Current Prospera Name Pay As You Go First 35 First 75 Investment Savings Strictly Business Savings Community Counts Chequing US Business Chequing
Current WSCU Name Business Chequing Account Business Edge 1 Business Edge 2 Business Investor Savings Account Business Savings Account Community Chequing US Business Chequing
New Name Business Pay As You Go Account Business Plan 35 Account Business Plan 75 Account Business High Growth Savings Account Business Savings Account Local Community Account Business US Account
Monthly Fee $5.00 $20.00 $45.00 $0.00 $0.00 $0.00 $3.00
Interest Calculation N/A N/A N/A Daily Daily N/A N/A
Interest Paid N/A N/A N/A Monthly Monthly N/A N/A
Paper statement - mailed $2.00 $2.00 $2.00 $2.00 $2.00 $2.00 $2.00
Included Transactions 2 free Interac e-Transfers First 35 + 2 free Interac e-Transfers First 75 + 2 free Interac e-Transfers 2 0 Unlimited transactions* + 2 free Interac e-Transfers First 2
In Branch Withdrawal $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 $0.90
In Branch Transfer $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 $0.90
In Branch Bill Payment $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 N/A
Cheques $0.90 $0.90 $0.90 $5.00 N/A $0.00 $0.90
Pre-authorized Payments $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 $0.90
Electronic Transfer $0.00 $0.00 $0.00 $0.00 $1.00 $0.00 $0.00
Electronic Bill Payment $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 N/A
Debit Card Purchase $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 N/A
Interac e-Transfer® $1.00 $1.00 $1.00 $5.00 $1.00 $1.00 N/A
All Canadian credit union ATM withdrawals $0.90 $0.90 $0.90 $5.00 $1.00 $0.00 N/A
Interac ATM Withdrawal $2.45 $2.45 $2.45 $7.45 $2.50 $2.50 N/A
USA EXCHANGE® and foreign CIRRUS® ATM withdrawals $3.35 $3.35 $3.35 $8.35 $3.50 $3.50 N/A

Other Fees

CategoryDescriptionFee
Balance of Account Transfering a Prospera account balance to another financial institution $25.00
Foreign Cash Order per $,1000 (cash) $1.50
Change of Signers Per change after the first one in a given year $25.00
Clearing Chargeback - 3rd party cheque
Unencoded/unqualified items
US Funds drawn on CDN account
NSF cheque or pre-authorized payment
stop payments
tracing/ bill payments (< 1 year)
tracing/ bill payments (1+ year)/hr
non member cheque cashing
cleared item search < 1 yr for PCU and <90 days for WM
cleared items search over 1 yr for PCU and 90+ days WM
$7.50
$5.00
$10.00
$45.00
$12.50
$15.00
$40 /hr
$15.00
$5.00
$40/hr
closing accounts less than 3 months personal & business $25.00
Collections On-site collections
Held for collection (10 days)
Cheque sent on collection (any fees from other institutions excluded
$25.00
$35.00
$35.00
Dormant account (inactive for 12 months) $5 per month
Band Draft for USD or foreign Currency Bank Draft for USD or foreign Currency $10.00
EFT for Businesses Set up fee
auto release
manual release
Add another originator id
credit union transaction
other FI transaction
mass error correction
$150.00
$60.00
$10.00
$75.00
$0.00
$0.00
$10.00
Wire Transfers Incoming
Outgoing
$12.00
$20.00
Foreign Cash Order $5.00
Letters bank confirmation, immigration, interest $25.00
Membercard replacement of lost membercard $5.00
Night Depository unlocked bag (per year to rent)
annual key charge (if applicable)
100 plastic bags
replacement key
$10.00
$10.00
Small $30 for 100, Large $55 for 100
15 + GST
Photocopies per sheet $0.50
Post Dated held for deposit per item $5.00
Registered Product Fees
*closed within 6 months for PCU and 12 months for WMS
RRSP/ RESP/ RRIF closed *
Self directed RRSP/ RRIF closed *
Self directed annual plan adminstration fee (waived if more than $50.00 in MF)
$100.00
$100.00
$100.00
Transfer Out Fees RRSP/RRIF/RESP T2033
TFSA Transfer Out - partial and full
Self-directed Plan Balance - partial and full
$50.00
50 partial; $100 full
$50.00
Transfers Telephone Transfer $5.00
RESP T4
Annual Fee
$0.00
$0.00
Safety Deposit Box
* not available at all locations
Extra Small
Small
Medium
Large
Extra Large
Extra Extra Large
Lock Drilling (member lost keys)
Key replacement
$40.00
$55.00
$75.00
$85.00
$140.00
$245.00
$25 + Cost
$15.00
Statements hold statement for member pickup in branch $10.00
Stop Payments $15.00
Tax Receipts copies $5.00
Telephone Transfers between accounts member requested $5.00
Unauthorized Overdraft 24%