Westminster Savings Offers Alternative to Higher Banking Fees

New Westminster, B.C., April 29, 2015 — With many of Canada's big banks introducing increased charges on accounts and transactions, Westminster Savings is pleased to offer an alternative to higher fees with its Unlimited Family Plan, a package of convenient and valuable banking products, services and features. Up to four friends and family members can get all of the Plan's banking benefits for a set monthly price of $5 each.

Since its launch a year ago, the Unlimited Family Plan has helped members in Metro Vancouver and the Fraser Valley get more value while managing their banking needs. The Plan has four key components:

  • Unlimited Chequing Account: A comprehensive bundle of services and features including debit card purchases, bill payments, withdrawals, photo cheque deposits, transfers, direct deposits and payments and much more.
  • No Worries Banking: Waives up to three non-network ATM transactions per month and offers up to two Interac email money transfers a month. It also refunds up to two overdraft fees annually.
  • Handsfree Savings: 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.
  • The $20 Family Pass: A total of four friends and family members can get all of the Plan’s banking benefits for $5 each (one overall monthly price of $20 to the primary plan holder). That's four separate accounts all sharing the same benefits. The monthly price drops to $15 if anyone on the Plan holds a mortgage with Westminster Savings.

"We're excited to offer a comprehensive banking package that delivers so much, and has a set, low monthly price," says Maury Kask, Senior Vice President, Consumer Operations and Chief Customer Experience Officer. "The average member already has a full schedule and works hard to stay on budget, they don't need one more thing to think about. We want to help our customers and members keep their costs down, and that's why we created the Unlimited Family Plan; it offers convenience, value, and no statement surprises!"

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

About Westminster Savings Credit Union

At $3.2 billion in assets under management, more than 55,000 members and 393 employees, 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 2014, Westminster Savings was named as one of the Best 50 Employers in Canada for the third consecutive year in a study by a global human resources consulting firm, Aon Hewitt.

For more information, please contact:

Cathryn Tucker
Manager, Corporate and Internal Communications
Westminster Savings
604-519-4210
ctucker@wscu.com

 

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