Westminster Savings Launches Canada's First Banking Plan for Families

New Westminster, BC, June 16, 2014 - Westminster Savings is excited to announce the launch of Canada's first banking plan for families.

The Unlimited Family Plan is a new and unique package of convenient and valuable banking products, services and features specifically designed to help busy families with their banking needs and save money. The Plan has four key components:

  • Unlimited Chequing Account: The Unlimited Chequing Account lets members do it all! It gives them a comprehensive bundle of services and features – debit card purchases, bill payments, withdrawals, photo cheque deposits, transfers, direct deposits and payments and much more!
  • No Worries Banking: It's a mobile world and this component is perfect for families on the go! It waives up to three non-network ATM transactions per month and offers up to two Interac email money transfers a month. It also forgives busy households for the occasional honest mistake, such as going overdrawn, with up to two overdraft fees refunded annually.
  • Handsfree Savings: We all know how hard it is to save money. This component makes saving a whole lot easier. When paying with their Westminster Savings debit card, members can choose to round up to the next dollar or add a certain dollar amount to the transaction. The extra amount is automatically transferred to a High Interest Savings Account of the member’s choice, making saving effortless!
  • The $20 Family Pass: We believe this component is what makes the Unlimited Family Plan stand out from the crowd – everyone gets everything! A total of four family members can each get all of the Plan’s banking benefits for one overall monthly price of $20 to the primary plan holder. The monthly price drops to $15 if anyone on the Plan holds a mortgage with Westminster Savings.

"Let's face it, we're living in a busy, mobile world," says Maury Kask, Senior Vice President, Consumer Operations and Chief Customer Experience Officer. "The average family has a full schedule and works hard to stay connected, but doesn't necessarily want to stretch their budget staying in step with constantly evolving technology. We get it. And that's why we created the Unlimited Family Plan! We're the first financial institution in Canada to offer our members and customers the ability to share a comprehensive package of banking benefits with up to three family members. We know that our members and customers are looking for convenience and added value, and we believe the Unlimited Family Plan delivers on both fronts," says Mr. Kask.

More Information

For more information on the Unlimited Family Plan, please visit familybanking.ca

About Westminster Savings Credit Union

At more than $3.0 billion in assets under management, over 430 employees, and 55,000 members, Westminster Savings is amongst the largest credit unions in Canada. Known for its customer and community focus, people oriented culture, and sound financial and operating practices, Westminster Savings provides a full range of retail, commercial, leasing and wealth management solutions to meet its customers' evolving needs. In 2012 and 2013, Westminster Savings was named as one of the Best 50 Employers in Canada in a study by a global human resources consulting firm, Aon Hewitt.

For more information, please contact:

Judy Huang
604-638-7454
jhuang@national.ca

 

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