ACCESS YOUR MONEY YOUR WAY

Banking at OPPA Credit Union is flexible, accessible and every interaction with our team
always includes a welcoming smile (whether by phone or in person). Start with the
fundamentals by choosing the right blend of chequing and savings accounts.

Edit Content

Account Name	Features	Transactions exceeding monthly limit	Interest	Monthly Fees
Maxi	40 Free Debit Transactions 4 Free ATM withdrawals 1 book standard cheques Free e-transfers	$1.00 per transaction thereafter	0%	$11.95 + $5.00 Overdraft protection fee Fee waived if minimum daily balance is $2500 or more
Inclusive	Unlimited Debit Transactions Unlimited ATM withdrawals 1 book standard cheques Free e-transfers	Overdraft Interest Only. Maintenance fee included	0%	$16.95 Fee waived if minimum daily balance is $3500 or more
Senior/Student Maxi	20 Free DebitsTransactions 4 Free ATM withdrawals 1 book standard cheques Free e-transfers	$1.00 per transaction thereafter Overdraft Interest Only	0%	$5.00 + $5.00 overdraft protection fee Fee waived if minimum daily balance is Senior – $2500 Student – $1000
Senior/Student Inclusive	Unlimited Debit Transactions Unlimited ATM withdrawals 1 book standard cheques Free e-transfers Includes $5 maintenance fee	Overdraft Interest Only	0%	$7.50 Fee waived if minimum daily balance is Senior – $3500 Student – $1500
Basic (Personal / Business)	Pay as you go $1.00 per transaction	Overdraft maintenance fee $5.00	0%	Pay as you go
Current (Business)	20 Debit Transactions Unlimited ATM withdrawals Free e-transfers Business cheques only	$0.75 per transaction Overdraft $3.00 or Interest	0%	$18.95

Personal Cheques	Cost (1st order free)
50 Singles	$38.24
100 Singles	$40.61
200 Singles	$51.29
40 Duplicates	$46.54
80 Duplicates	$52.48
Meritline - 50 Singles	$38.24
Primeline - 50 Singles	$38.24

* Seniors Discount - 1 order of 50 or 100 singles per year at a 50% discount

Business Cheques	Cost (1st order free)
100 Business Cheques (Traditional 2/page)	$68.86
200 Business Cheques (Traditional 2/page)	$94.26

SAVINGS ACCOUNTS

Edit Content

Account Name	Features	Transactions exceeding monthly limit	Interest	Monthly Fees
High Speed Savings	1 Free Debit Transaction	$5.00 per Debit Transaction Overdraft $5.00	Tiered by balance $0-$75k > 0.50% $75-$150k > 1.25% $150k+ > 1.75%	$0
Optimum	1 Free Debit Transaction	$5.00 per Debit Transaction Overdraft $5.00	1.50%	$0
Plan 24	4 Free Debit Transactions	$2.50 per Debit Transaction thereafter. E-transfers $1.50	Tiered by balance	$0
Fat Cat	4 Free Debit Transactions	$1.00 per Debit Transaction Overdraft $5.00	0.010% /month	$0
USD	3 Free Debit Transactions	$5.00 per Debit Transaction Overdraft $5.00	0.010% /month	$0

FEE SUMMARY

Edit Content

Cheques

ITEM	CURRENT FEE (1st order free)
50 Singles	$38.24
100 Singles	$40.61
200 Singles	$51.29
40 Duplicates	$46.54
80 Duplicates	$52.48
Meritline 50 Singles	$38.24
Primeline 50 Singles	$38.24
100 Business Cheques	$68.86
$200 Business Cheques	$94.26

GENERAL SERVICE FEE CHANGES

ITEM	CURRENT FEE
Stop Payment	$25.00
Office Certified Cheque by holder	$15.00
Certify Cheque for third party	$15.00
Counter Cheques / Clearing Counter Cheques	Emergency basis only - $10.00 per cheque
Draft / Official Cheque	$10.00
Incoming wire	$25
Overdraft handling fee	$5.00 per item
Outgoing wire – Canadian	$65
Outgoing wire – outside Canada	$65
Transfer of account balance to another Financial Institution	$25
* Notice of change February 4th 2021. Change in effect April 15th 2021. Inactive Account Fee	$25 / year (years 2-5) $50 / year (years 6-9)
Document Search	$250.00 Minimum. $100.00 per hour
Courier Charge	$15.00
Cheque issued in wrong currency	$50.00 Plus exchange rate
Cheque look up and print	$25.00 within 7 years
Bill payment, balance request or transfer by phone	$2.50 each
Registered account transfer out fee	$150.00
TFSA withdrawal from term	$100 and interest penalty since last paid
TFSA Transfer out request - Full or Partial	$150.00
TFSA variable withdrawal fee	1 free per month, $5.00 thereafter
RRSP withdrawal from variable or Pensioners Parking account	1 free per year. $25.00 thereafter
RRSP Transfer out request - Full or Partial	$150.00
RESP / RRSP Withdrawal from Term	Typically not allowed - $100 and interest penalty since last paid
RESP Withdrawal from variable	Free for educational purposes. $150.00 otherwise
GIC - Withdrawal from Term	Typically not allowed - $100 and interest penalty since last paid
RESP Transfer out - Full or Partial	Full - $150.00 Partial - $345 ($195 Wyth + $150 Credit Union)
Pre-Authorized Debits or Credits Manually returned	1 Free. Additional $10.00 per reoccurring
NSF Cheques	$45.00
NSF Loan/Mortgage/lOC	$45.00
Overdraft	$5.00 per item
Authorized Overdraft Maintenance Fee	$5.00 per month
Unauthorized Overdraft	$5.00 per item, plus interest
Paper Statements	$2.00 per month
Debit Card Replacement	1 free per year. $10.00 thereafter
Dormant / Inactive Account Fee	$50.00
Reference letter: account info, interest	$15.00
Rejected clearing item	1st one no charge. $5.00 recurring
Safe Deposit Box Annual Fee - Small / Medium / Large	Small $37 / Medium $57 / Large $117 - Annually
Safe Deposit Box Drilling	$100.00 +
Safe Deposit Box key replacement	$50 +
Research or multiple statement prints	$20.00 per hour. Min $20
Bill payment trace or recall	$15.00
Mortgage Discharge	$400.00
CAFT Payment	$20.00
Bridge Financing - Relocation with mortgage	$400.00
Bridge Financing Relocation no mortgage	$500.00
Bridge Financing - Mortgage with OPPACU	$500.00
Bridge Financing - without mortgage	$750.00
Mortgage/LOC/Refinance	$500.00
Expedited Mortgage/LOC/Refinance <31 days	$500.00
Remove a Covenant (i.e. Marital Breakdown)	$100.00
Construction Mortgage	$500.00 plus $250.00 per advance
Skip a Payment	$100.00
AVM Fee	$250.00
PPSA Search Fee & Registration Fee	$100.00

OVERDRAFT PROTECTION

Edit Content

19% interest with overdraft protection, 22% interest without overdraft protection

WAYS TO ACCESS

SWITCHING MADE EASY

Switching your chequing or savings account and pre-authorized payments to the OPPA Credit Union is probably simpler than you think. With most utilities and companies offering
online account management, it can be done in a few clicks of your keyboard.

Follow these 3 easy steps to help you transfer over existing pre-authorized transactions
(ie. utility bills, insurance payments, loan payments, etc.) to come out of your OPPA
Credit Union account.

1.

Use the account switch checklist to gather a list of pre-authorized payments you currently have coming out of your account. (Loan payments, bill payments, pre-authorized payments, etc.

2.

Obtain a void cheque form / account information with transit and branch number from your online banking account page.

3.

Log into your online account with the respective companies where you have pre-authorized payments. Update your account information with your new OPPA Credit Union account details, attach your personalized void cheque form if require.

* Handy reminder – leave enough money in your old account to cover pre-authorized transactions for the next 4-6 weeks, until the updates catch the next billing cycle / come into effect.

financial backup for life

Accounts