- Daily interest savings account - no minimum balance required
- Interest calculated on a daily closing balance and paid quarterly
- Interest Rate: 0.15%
- Monthly Fee - $0
Sunshine Coast Credit Union is proposing to continue federally for the purposes of immediately merging with Coast Capital and Prospera credit unions. Find out more here. For full details about changes in deposit insurance, see the Notice Pursuant to the Disclosure on Continuance Regulations.
BUSINESS SAVINGS ACCOUNT FEES
BUSINESS SAVINGS ACCOUNTS
HIGH INTEREST BUSINESS SAVINGS ACCOUNT
- Competitive interest rates established on a tiered system
- Interest calculated on a step basis
- Interest calculated on a daily closing balance and paid monthly
- Monthly Fee - $0
BUSINESS ACCOUNT FEES
| Insufficient Funds Fee | $45.00 |
| Rejected items, per item | $7.00 |
| Direct payment purchases | $0.75 |
| Preauthorized payments | $0.75 |
| In-branch withdrawals or transfers | $0.75 |
| System transfer to cover overdraft | $4.00 |
| Telephone request for transfer | $4.00 |
| MemberDirect® Online transfer | $0.75 |
| MemberLink® Telebanking transfer | $0.75 |
| Chargebacks | $7.00 |
| Stop payments | $16.00 |
| Overdraft charge, per item | $5.00 |
| Collections sent and received | $26.00 |
| Line of Credit, monthly fee min. | $2.50 |
| Annual account review | Negotiable |
| Customer Automated Funds Transfer (CAFT) | Negotiable |
| Night depository bags | Cost |
| Bill payments - in-branch | $1.50 |
| Bill payments by MemberLink® Telebanking, MemberDirect® Online Banking | $0.75 |
| INTERAC e-Transfers® | $1.50 |
| Monthly Printed Statement Fee | $2.50 |
| Deposits at SCCU (in-branch, ATM, night depository) | FREE* |
| Coin orders | FREE* |
| *SCCU reserves the right to negotiate the monthly fee to accommodate extremely high volume accounts, and to limit large volume cash and cheque deposits. |
AUTOMATED TELLER MACHINE (ATM) CHARGES
| SCCU ATM | $0.75 |
| Other BC Credit Union ATM | $0.75 |
| EXCHANGE ATM | $0.75 |
| INTERAC® ATM | $2.00 |
| U.S. ATM | $3.00 |
| International ATM | $5.00 |
Some institutions have additional surcharges; THE EXCHANGE® Network has no surcharges.
WIRE TRANSFERS
| Domestic and International Incoming | $13 |
| Domestic and International Outgoing | $32 |
MISCELLANEOUS
| Letter of interest paid (income tax) | $15.00 |
| Registration of Certificate of Title | cost +$25.00 |
| Letter of Credit | 1% min. $25.00 |
| Automatic loan payment reversed | $5.00 |
| Account closed (open less than 90 days) | $25.00 |
| Balance of account transfer** | $22.00 |
| Inactive account – annually | $35.00 |
| Reference letter – account balance | $20.00 |
| Reference letter – bank verification | $23.00 |
| Reference letter – interest earned | $23.00 |
| Voucher search – less than 30 days | $6.00 |
| Voucher search – more than 30 days | $30.00/hr, min. $15.00 |
| Post dated cheques, held for deposit | $4.00 per item |
| Statement prepared in branch | $5.00 |
| Chargebacks | $7.00 |
| Cheque drawn on non-chequing account | $7.00 |
| Bill payment tracing | cost |
| Replace lost night deposit key | cost |
| Returned mail processing fee | $10.00 |
| U.S. Draft (USD) | $10.00 |
| Official Cheque | $10.00 |
| Monthly Printed Statement Fee | $2.50 |
| Cheque Images included in Printed Statement | $1.00 |
| Additional change of signor fee | $25.00 |
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*Transactions included in Account Packages: direct payment purchases, pre-authorized payments, bill payments through MemberLink® Telebanking, MemberDirect® Online Banking, withdrawals at all BC credit union ATMs and EXCHANGE® ATMs, in-branch withdrawals and cheques.
**Except when transferred to another credit union
MEMBERCARD® is a registered certification mark owned by Canadian Credit Union Association, used under license.
INTERAC Online® and INTERAC e-Transfer® are trademarks of Interac Inc. Used under license.
MemberLink® Telephone Service and MemberDirect® Online Service are registered trademarks owned by Canadian Credit Union Association, used under license.
Rates, fees and accounts are subject to change. For a complete list of services and fees, refer to our Service Fee Guide.
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