We've merged effective January 1, 2020 and while this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.

Business Service Fees

Westminster Savings Credit Union offers competitively priced business services to ensure your business gets maximum value at a low cost.

Service pricing effective: March 1, 2013

Automated Teller Machine (ATM)Fees
Replace lost card $5.001
Canadian Exchange Network Fee Free
Interac Network Fee $1.75
Foreign Network Fee (Exchange or Plus) $2.50

1 Plus GST

Bill PaymentsFees
In-branch $0.501
TelExpress $0.501
Online Banking $0.501

1 Fee can vary by account type

ClearingFees
Unencoded Items1 $5.00
U.S. Funds drawn on CDN account $5.00
Deposit Euro/GBP cheque to WSCU account $10.00
Overdraft Charge (if cheque is paid)2 $5.00
Coverdraft transfers $5.00
NSF (cheques/PAPs)3 $40.00
Stop Payments $10.00
Chargebacks - business $5.00
Chargebacks - personal $5.004
Tracing/Bill Payments - items with payment date less than a year ago $15.00
Tracing/Bill Payments - items with payment date 1+ years ago $30.00 per hour
($15.00 minimum)
Hold Funds $5.005
Non-member cheque cashing $10.00
Cleared item search (cheque, debit, credit) - less than 90 days old $5.00
Cleared item search (cheque, debit, credit) - 90+ days $15.00,
or $30.00 per hour

1 Non-encoded cheques and pre-authorized items
2 For each cheque, ATM or POS which creates or increases an overdraft
3 Overdraft fee also applies
4 If item is members own cheque
5 Plus applicable long distance charges

CollectionsFees
Cheque sent for Collection $15.00
Cheque received for collection $15.00
Electronic Funds Transfer for BusinessesFees
Set Up Fee1 $100.00
Auto Release2 $60.00
Manual Release3 $10.00
Credit union transaction4 $0.10
Other financial institution transaction4 $0.15
Mass error correction5 $10.00
Other financial institution transaction $55.00

1 One time fee
2 One fee covers all auto releases during a given month
3 Fee applied to each manual release
4 Fees apply to credits and debits
5 Fee charged to reverse previously transmitted files

Electronic Funds Transfer (in-house)Fees
Monthly fee - 0 to 50 transactions $20.00
Monthly fee - 51 to 100 transactions $40.00
Monthly fee - 100+ transactions $75.00
MiscellaneousFees
Post-dated Cheques1 $3.00
Paper Statements $2.00
Statement Reprint2 $5.00
Duplicate Tax Receipt3 $5.00
Account Closure4 $20.00
Dormant Accounts5 $30.00
$3.00

1 Charged in branch and in advance, per deposit
2 First reprint is free; statements available in Online Banking
3 Charged for current tax year. For previous tax years, $5.00 + cost
4 Charged only if account is closed within 90 days of opening
5 Initial fee and ongoing monthly fee, respectively

Certified FundsFees
Canadian Money Orders $7.00
Canadian/U.S. Drafts - Member Fee $7.00
Canadian/U.S. Drafts - Non-member Fee $10.00
Foreign Drafts - Member Fee $7.00
Foreign Drafts - Non-member Fee $10.00
Office Cheques - Member Fee $7.00
Office Cheques - Non-member Fee $10.00
Foreign currency buy/sell - less than $250 CDN equivalent - Non-member Fee $15.00
Foreign currency buy/sell - overnight shipping less than $2000 $15.00
Night DepositoryFees
100 plastic bags $25.001
Annual key charge2 $10.00
Replacement key $15.00 + cost

1 Plus GST
2 If applicable; not all branch night depositories require key access

Record SearchesFees
Revenue Canada Request/Requirement for Information and Inspection No Charge
Member requested record searches $30.00 per hour + cost of retrieving archived materials
Revenue Canada Requirement to Pay/Garnishee Orders1 No Charge

1 Includes demands under Family Relations Act and Garnishee before & after judgement.

References & ConfirmationsFees
Bank Confirmations $35.00
Immigration & Reference Letters $15.00
Lawyer review of documents $100.001

1 Plus GST

Registered Savings PlansFees
RESP Transfer Fee1 $50.00
RRSP Transfers Out2 $50.00
Closing Fee3 $100.003
Full transfer $100.003
Partial transfer $50.003

1 No charge to other credit union
2 Funds transferred out through our Financial Planners will not be charged. Transfer fee applies to all financial institutions, including credit unions
3 Fee charged if plan is closed within 12 months of opening

Safety Deposit Boxes1Fees
X-Small - 1.5" X 5" and 2" X 5" $40.002
Small - 2.5" X 5" and 3.5" X 5" $55.002
Medium - 2.5" X 10" and 5" X 5" $75.002
Large - 2.5" X 11" and 3.5" X 11" and 3" X 10" $80.002
X-Large - 5" X 10" and 5" X 11" $140.002
Industrial - 10" X 10" $240.002
Replace lost key $15.002
Drill box $25.003

1 Annual charged is debited in advance to member's account on November 1; fees are non-refundable; box sizes vary by branch
2 Plus GST
3 Plus costs and GST

TransfersFees
Telephone Transfers1 $5.00
Inter-institution (outgoing) $7.502
Interac e-mail money transfer $1.00
Inter-institution (incoming) $2.60
Me To Me Transfer (outgoing) $2.00
Me To Me Transfer (incoming) Free
Balance of account to another institution $20.00
Set up loan PAP from another institution $2.00

1 Within WSCU
2 Plus costs

Travellers ChequesFees
Regular Free
 

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Member Service Centre Hours

Monday to Friday 8 am - 8 pm


Saturday 9 am - 4 pm


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