Fees - Personal, Organizational, Business, US $, Miscellaneous, Office, Travellers Cheques
Deposit and Loan Interest Rates
Effective Oct 26,2010 (all rates subject to change without notice)
| Basic Rates | |
|---|---|
| All Chequing Accounts | 0.00% |
| All Plan 24 Savings | 0.15% |
| Premium Savings | 0.25% |
| Golden Premium Savings | 0.75% |
| All Maximizer Tiered Savings | |
|---|---|
| $0-$20,000 | 0.25% |
| $20,001- $25,000 | .35% |
| $25,001 - $30,000 | .50% |
| $30,001 - $35,000 | .75% |
| $35,001 - $40,000 | .75% |
| $40,001 - $45,000 | 1.00% |
| $45,001 - $50,000 | 1.25% |
| $50,001 plus | 1.25% |
Bonus Rate Program *
Birthday Bonus - SCU will pay 0.25% more on any Fixed Rate GIC or RSP if the member extends the term to their next birthday. Example: If the 5 year term selected ended on Sept 30, 2010 and your next upcoming birthday was January 5, we would add a ¼% to the negotiated rate to extend the term from September to January 5, 2011.
Loyalty Bonus - SCU will pay 0.25% more on any Fixed Rate GIC or RSP if the member has over $25,000 on deposit with SCU or will have after the transaction.
Note: Members are eligible to use both bonus programs at the same time for a total of ½% bonus.
Loan and Mortgage Rates
Rates quoted below are basic rates only. Individual account rates may vary depending on loan amount,
security pledged, credit ratings, and other lending criteria.
Effective October 26, 2010 (all rates subject to change without notice)
| Personal Loan Rates | |
|---|---|
| Personal Loans base is currently | 7.00% |
| Personal Lines of Credit base is currently | 8.25% | Agricultural Loan Rates |
| Ag. Loans base is currently | 5.00% |
| Ag. Lines of Credit base is currently | 5.00% | Commercial / Organizational Rates |
| Comm. Loans base is currently | 5.50% |
| Comm. Lines of Credit base is currently | 5.50% |
Commercial and Agricultural Mortgage rates are specific to collateral type and are available on request.
Service Charges and Account Fees
All monthly package costs and and individual fees are effective August 1, 2008
Personal Accounts - Member may select a service package with one flat monthly rate or pay service fees on an "PAy As You Go " basis. Golden Accounts (Over 60), Juniors (Under 18), and Community Service Accounts may receive special benefits- see below.
Full Information on features for each account or product is available on the Products and Services Page.
Package #1 - $5.50 per month - Paperless Account - No Monthly Statement Produced
- Unlimited auto debits
- Unlimited point of sale
- Unlimited cu@home bill payments
- Unlimited ATM transactions at all Manitoba Credit Unions
- over the counter bill payments $1.00
- Cheques drawn on account regular fees ($.50)
Package #2 - $7.50 per month - Monthly Statement Produced
- Unlimited auto debits
- Unlimited point of sale
- Unlimited cu@home bill payments
- Unlimited ATM transactions at all Manitoba Credit Unions
- over the counter bill payments $1.00
- Cheques drawn on account regular fees ($.50)
Up to 30 free electronic tranactions per month including
- Auto debits
- Point of sale
- CU@home bill payments
- ATM transactions at all Manitoba Credit Unions
- Transactions listed above that exceed the 30 per month will be charged on "Pay As You Go" basis
- Cheques drawn on account regular fees ($.70)
- All other charges on "Pay As You Go" basis
- Statements and images only available on line
- Can only be attached to a Chequing account
Value Pack Package - $8.95 month
Up to 30 free electronic tranactions per month including
- Auto debits
- Point of sale
- CU@home bill payments
- ATM transactions at all Manitoba Credit Unions
- 5 free cheques
- Free Statements and Images
- Transactions listed above that exceed the 30 electronic per month or the 5 free cheques will be charged on "Pay As You Go" basis
- All other charges on "Pay As You Go" basis
- Can only be attached to a Chequing account
- $16.00 per month
- Unlimited free chequing
- Unlimited free POS/Interac debits
- Unlimited free Auto debits
- Free Bill Payment
- Free ATM Transactions Mb. CU ATMS only
- Commission Free Travelers Cheques
- $5.00 off annual Safety Deposit Box fee
- No minimum balance required
| Individual Transaction Fees | |
|---|---|
| Chequing-per item | 70¢ |
| Auto-debit -per item | 70¢ |
| In Branch withdrawals | Free |
| In Branch deposits | Free | Transfers |
| In-Person | Free |
| Phoned In | $1.00 |
| CU by Phone | Free |
| CU@Home | Free |
| Computer Generated | $1.00 | ATM Transactions |
| Inquiries | Free |
| Deposits | Free |
| Withdrawals | |
| Sanford CU ATM | 50¢ |
| Mb. CU ATM | $1.00 |
| Bank ATM | $1.50 |
| International ATM | $5.00 |
| Direct Payment/Interac | 50¢ |
| In Branch Bill Payment | $1.00 | CU@HOME (Internet Banking) |
| Transfers | Free |
| Inquiries | Free |
| Bill Payment | 50¢ | CU by Phone (Telephone Banking) |
| Transfers | Free |
| Inquiries | Free |
| Bill Payment | 50¢ |
For other charges for services and transactions not listed above see Miscellaneous Services below
Golden Accounts (60 and Over)
- Free Chequing and Auto-debit
- Free Direct Payment/Interac
- Free ATM usage on MB CU ATMs only
- Free Transfers
- ½% bonus interest on Premium Savings
- Free MasterCard Payments and other Bill Payments
- Commission Free Travelers Cheques
Junior Accounts (Under 18)
- Free Chequing
- Free Direct Payment/ Interac
- Free ATM usage on MB CU ATMs only
Trust Accounts
All regular fees apply unless designated as Junior or Golden, then those package benefits apply.
Organizational Accounts
| Organizational Account Fees | |
|---|---|
| Chequing-per item | 75¢ |
| Auto-debit | 75¢ |
| In Branch withdrawals | Free |
| In Branch Deposits | Free | Transfers |
| In-Person | Free |
| Phoned In | $1.00 |
| CU by Phone | Free |
| CU@Home | Free |
| Computer Generated | $1.00 |
Subject to approval by the Board, community service organizations are not charged regular service fees.
Agricultural Accounts
| Agricultural Account Fees | |
|---|---|
| Chequing-per item | 75¢ |
| Auto-debit | 75¢ |
| In Branch withdrawals | Free |
| In Branch deposits | Free | Transfers |
| In-Person | Free |
| Phoned In | $1.00 |
| CU by Phone | Free |
| CU@Home | Free |
| Computer Generated | $1.00 |
All other regular electronic charges apply. (See Personal Accounts- Individual Transaction Fees)
No annual or line of credit renewal fees but credit check, security registration and System Credit charges passed on at cost. Appraisals are at cost.
Business Accounts
All accounts are subject to a minimum $5 monthly maintenance fee. This fee will be adjusted based on volume and type of service usage up to a maximum of $25 month
| Business Account Fees | |
|---|---|
| Chequing-per item | 75¢ |
| Auto-debit | 75¢ |
| In Branch withdrawals | Free |
| In Branch deposits | Free | Transfers |
| In-Person | Free |
| Phoned In | $1.00 |
| CU by Phone | Free |
| CU @ Home | Free |
| Computer Generated | $1.00 |
All regular electronic charges apply (See Personal Accounts- Individual Transaction Fees)
No annual or line of credit renewal fees but credit check, security registration and System Credit charges assessed at cost. Appraisals are at cost.
| Account Closing | |
|---|---|
| Account Closing (< 90 days) | $10.00 |
| Account Closing (> 90 days) | Free |
| Transferring Accounts Out | $15.00 |
| Transferring Out RRSP's | $50.00 |
| Mortgage Transferred Out | $50.00 |
US $ Accounts/Fees
- All transactions (cheques, transfers, withdrawals, deposits) on $US accounts are $1.00.
- All $US Exchange on funds bought and sold at our daily rate which changes with the US$ exchange rate.
- Special rates are available for members with regular, large amount transactions ($10,000+).
- $US cheques drawn on Canadian $ account - $2.00 per cheque
Miscellaneous Services
| Miscellaneous Service Fees | |
|---|---|
| NSF Cheque - Returned | $30.00 |
| NSF Cheque - Put Through (plus 24% int. on overdrawn balance) | $5.00 |
| Phoning Member re: NSF | $5.00 |
| Chargebacks | $5.00 |
| Stop Payment | $10.00 |
| Cheque Certification | $5.00 |
| Cheque Certification (non - member) | $10.00 |
| Non- Personalized Cheque | $5.00 |
| Primary Order | $5.00 |
| Cheque Verification/Hold Funds | $5.00 |
| Out of Province Cheque Verification | $10.00 |
| Cheque Cashing-Non-member | $3.00 |
| Item sent on collection | $5.00 |
| Item received for collection | $30.00 | Delinquency and Loan Follow-up Fees |
| Delinquency Notices | $5.00 |
| Delinquency Letters | $25.00 | Monthly Reporting |
| Follow-up (per letter) | $25.00 |
| Safety Deposit Boxes | |
|---|---|
| 2"X5" (Annual Rental Fee) | $35.00 |
| 3"X5" (Annual Rental Fee) | $45.00 |
| 5"X5" (Annual Rental Fee) | $55.00 |
| 10"X5" (Annual Rental Fee) | $75.00 |
| 10"X10" (Annual Rental Fee) | $100.00 |
| Night Deposit Bags | $10.00 |
| Night Deposit Key | $5.00 |
| Deposit Books - Small | $4.00 |
| Deposit Books - Large | $6.00 |
Office Services and Fees
All business statements are mailed at once. All personal and ag. statements not mailed can be picked up until mid-month free. All remaining statements are then mailed out. All statements mailed are subject to a $1.00 charge.
| Statement/Office Service Fees | |
|---|---|
| Statement Copy Printed | $2.00 |
| Copy of Cheques- per side | 50¢ |
| Record Search | $25 /hr |
| Bank Confirmations | $25.00 |
| Photocopying | 25¢ page |
| Faxing - Received or Sent | $2.00 page |
| Courier Bag | $2.00 |
Coin deposited or purchased is free of charge for members but all coin must be rolled except for partial rolls. Non Members -Fee for coin deposited or purchased is 3% of total value.
Travellers Cheques
American Express Travellers Cheques are available in various denominations. There is a 1% fee charged based on total $ amount of cheques purchased.
