Service Fees

(Effective January 1, 2016)

TECU is a co-operative, owned and operated by its members. Our aim is to benefit all members on an equitable
basis. In other words, the more you put in, the more you get out and because we are all working towards a
common goal-one that benefits the membership as a whole, the more successful we are, the more successful
you are as well! We've designed our service packages with that in mind.

 
Account Closed due to Unresolved Overdraft
$  25.00
 
Account Restructuring Fee
 $  25.00
 
Administration of Garnishee of Requirement to Pay/Collections
 $  40.00
 
Administration of U.S  Cheques Cleared/Deposited on Canadian Account (N/A for R/I)
 $  25.00
 
ATM Cash Withdrawal/Deposit/Inquiry*
 $    1.75
 
ATM Cash Withdrawal/Deposit (U.S./International 'Plus' Systems)*
 $    5.50
 
ATM TECU (500 Commissioners Street) Members
 Free
 
ATM TECU (500 Commissioners Street) Non- Members
 $    2.00
 
Automatic Transfer Payments (AFTs)
 Free
 
Bill Payments   - CU Mastercard
 Free
 
                          - Preferred, Infinite, Choice Members
 Free
 
                          - Essential via Internet Banking/IVR
 $    0.75
 
                          - Essential in-branch
 $    2.00
 
                        - CRA Business Tax Bill payment
$  5.00
 
Bill Payment Traces
 $  45.00
 
Certified Cheque for Non-Member
 $  20.00
 
Certified Cheque/Draft for Member
 $  10.00
 
Clearing of TECU Unencoded Counter Cheques
 $    5.00
 
Collateral Loan Registration Fee
 $700.00
 

Credit Union Counter Cheque for Member (4 Cheques)
 $   5.00
 

Copy of By laws
$    30.00
 
Credit Card Payment via Square - 3% of balance
Variable
 

Interchange Financial Foreign Exchange (over $501 order - CAD Equivalent)
 Free
 
Interchange Financial Foreign Exchange (under $500 order - CAD Equivalent)
 $  30.00
 
Interac Flash Opt Out.
$35.00
 
Domestic and International Drafts (Money Orders) per draft
 $ 10.00
 
Direct Debit (POS)*
 $    0.75
 
Dormant/Inactive Accounts
 $  30.00
 
Duplicate Statement
 $  10.00
 
Early Account Closing (within 90 days)
 $  100.00
 
Electronic Transfer Payments (EFTs)
 Free
 
Interac e-Transfer® 
 $    1.50
 
Estate Administration    -Via  Executor Ease
 Variable
 
                                      - Credit Union:  - $0 to $1000
 $ 25.00
 
                                      - Credit Union:  - $1001 to $10000
 $150.00
 
                                      - Credit Union:  - $10,000 +
 $300.00
 
Faxes
 $    0.75
 
Internet Banking 
 Free
 
Deposit Anywhere - per cheque  
$1.75
 
In Branch Deposit - per cheque
$2.00
 
Letter of Interest/Immigration/Bank Confirmation (per letter)
 $  25.00
 
MemberCard Replacement
 $  10.00
 
Membership Fee - Essential members only (Annual-Posted January 31st of each year)
 $  25.00
 
Mortgage Amortization Run      - CU Mortgage
 Free
 
                                                         - Other
 $  15.00
 
Mortgage Blend and Extend
 $300.00
 
Mortgage Conversion - Variable to Fixed Rate
 $300.00
 
Mortgage/Loan NSF
 $  50.00
 
Mortgage Appraisal
Variable
 
Mortgage Registration
Variable
 
Mortgage Loan Late Payment
 $  50.00
 
Mortgage Bridge Financing Fee 
 $500.00
 
Mortgage/Renewal
 $  50.00
 
Mortgage Administration Fee
$150.00
 
Extended Loan Amortization Surcharge                                               0.35%
5-10 years          
 
                                                                                                                          0.70%
10-15 years         
 
 
 
 
Extended Mortgage Amortization Surcharge                                       0.35%
25-30 years        
 
                                                                                                                          0.70%
30-35 years         
 
                                                                                                                          1.05%
35-40 years        
 
Merit-Line Interest Only Payments
 
 
                                     - 0-49% Balance of Approved Limit                        
$50.00/Year
 
                                    -50-74% Balance of Approved Limit                         
$100.00/Year
 
                                    -75-100% Balance of Approved Limit
$250.00/Year
 
Mortgage Transfer Administration Fee
$300.00
 
Mortgage Discharge Fee
 $300.00
 
Payment Renegotiation fee
$100.00/Month
 
Overdraft Maintenance Fee - Overdraft interest plus.
$    5.00
 
Overdraft Administration (amounts greater than $150)
 $  35.00
 
Paper Statement Print
Free
 
Post-Dated Cheques left on deposit (Essential members -per Cheque)
 $    5.00
 
PPSA Discharge
 $  45.00
 
Photocopies (per page)
 $    1.00
 
Reproductions (RRSP Receipts, T5s etc.)
 $  20.00
 
Returned Items (Canadian)
 $  50.00
 
Returned Items (USD) 
 $  50.00
 
Returned Item on Member Deposit  
 Free
 
Requested Transfer    - Preferred, Infinite, Choice Account Member
 Free
 
                                        - Essential Account Member - per request
 $    5.00
 
RRSP - Account Transfer out to other Institution/Withdrawal
 $125.00
 
Record Search (per hour per staff)
 $  40.00
 
Stop Payment**
 $  15.00
 
System Clearing Transfer
 $  10.00
 
Tax Free Saving Accounts (TFSA) Transfer out to Other Institution 
 $  50.00
 
Tax Free Saving Accounts (TFSA) Withdrawals: First time for all Members
Free
 
                               Subsequent Withdrawals for Essential Members
 $  15.00
 
                               Subsequent Withdrawals for Preferred Members
 $   10.00
 
                               Subsequent Withdrawals for Infinite/Choice Members 
Free
 
Telephone Teller (except Bill Payments)
 Free
 
Teller Withdrawals, Deposits
 Free
 
Traveller's Cheques (available in Canadian, U.S. Sterling and Euro)
Free
 
Undeliverable mail (one time charge)
 $    5.00
 
Western Union (All Western Union Services)
 Variable
 
Wire Transfers Incoming
 Variable
 
Wire Transfer Outgoing
 Variable
   



*Does not include surcharged terminals.

Note: Exemptions may apply to members who qualify for The Preferred and Infinite Suite of Products and Services.

**Some Conditions Apply: Exemptions for The Preferred and Infinite suite of product and services do not include US stop payments.
Maximum of 5 Free Stop Payments per year for Preferred/Infinite Members

The Energy Credit Union Ltd. Service Charges and Fees are subject to change without Further Notice

Please contact a Credit Union Representative for further details!