SARNIA - Southwest Regional Credit Union Ltd. · $30.00 per hr $40.00 per hr PERSONAL LOAN AND...

2017 - 2018SERVICE CHARGES

ACCOUNT SERVICE CHARGESSERVICE

CHARGES AS AT NOV. 1,

2017PERSONAL PCA

- monthly maintenance fee, passbook- includes 10 free debit transactions

$4.00

- withdrawal, cheque, preauthorized debit, bill payment- direct payment purchase / point of sale- ATM withdrawal or bill payment

$0.60

PERSONAL PCA PLUS

- monthly maintenance fee for service package without benefits - unlimited transactions

$11.00

REGIONAL ACCOUNT

- monthly maintenance fee for service package with benefits - includes 50 debit transactions - line of credit mandatory

$11.00

- after 50 transactions, a per debit fee - withdrawal, cheque, preauthorized debit, bill payment- direct payment purchase / point of sale- ATM withdrawal or bill payment

$0.60

REGIONAL ACCOUNT PLUS

- maintenance fee for service package with benefits- unlimited transactions- line of credit mandatory

$18.00

MAXIMIZER

- maintenance fee, passbook- includes 20 debit transactions free with minimum monthly balance of at least $1000

$3.75

- withdrawal, cheque, preauthorized debit- direct payment purchase / point of sale- ATM withdrawal or bill payment

$0.70

PLAN 24 SAVINGS

- one free debit for every $500 in minimum monthly balance

- withdrawal, cheque, preauthorized debit- direct payment purchase / point of sale- ATM withdrawal or bill payment

$1.00

U.S. PLAN 24 SAVINGS

- no service charges with minimum monthly balance of at least $1000

- withdrawal $0. 75

- Max balance $10,000

DIVIDEND DEPOSIT ACCOUNT

- one free debit transaction per month

- withdrawal, transfer to another product (excl. investment purchase) $10.00

CURRENT ACCOUNT

- monthly maintenance fee, statement $6.75

- one free transaction for each $1,500 in minimum monthly balance

One free debit transaction for

each $1,500 in minimum

monthly balance

- deposit, preauthorized credit $1.00

- withdrawal, cheque, preauthorized debit, bill payment- direct payment purchase / point of sale- ATM withdrawal or bill payment

$1.00

- cheque originally deposited and has been returned $6.00

FLAT- FEE BUSINESS ACCOUNT

- monthly maintenance fee for service package, statement- includes 75 transactions $50.00

- after 75 transactions, a per item fee $1.00

- cheque originally deposited and has been returned $6.00

- operating line of credit mandatory

FLAT- FEE AGRICULTURE ACCOUNT

- monthly maintenance fee for service package, statement- includes 50 transactions $20.00

ACCOUNT SERVICE CHARGES cont’d...SERVICE

CHARGES AS AT NOV. 1,

2017

- after 50 transactions, a per item fee $1.00

- cheque originally deposited and has been returned $6.00

- operating line of credit mandatory

ASSOCIATION ACCOUNT

- electronic qualifying questionnaire to be completed

- cheque originally deposited and has been returned $6.00

COMMUNITY ACCOUNT

- electronic qualifying questionnaire to be completed- includes 10 free debit transactions

$0.00

- withdrawal, cheque, preauthorized debit $0.60

- cheque originally deposited and has been returned $6.00

FEES BY BENEFIT TYPESERVICE

CHARGES AS AT NOV. 1,

2017HERITAGE

- available to members age 60 and up

- Personal PCA, no maintenance fee or service charges - regular fees apply for money orders, bank drafts, certified cheques, traveller cheques, cheque orders - 50% discount on safety deposit box rental

$0.00

- Personal PCA Plus, no maintenance fee or service charges- regular fees apply for money orders, bank drafts, certified cheques, traveller cheques, cheque orders- 50% discount on safety deposit box rental

$0.00

- Regional Account with benefit package- after 50 transactions, a per debit fee- no service fee for money orders, bank drafts, certified cheques, traveller cheques, cheque orders- 50% discount on safety deposit box rental

$5.50$0.60

- Regional Account Plus with benefit package- unlimited transactions - no service fee for money orders, bank drafts, certified cheques, traveller cheques, cheque orders- 50% discount on safety deposit box rental

$9.00

YOUTH / STUDENT

- Youth = all members age 0 to 17- Student = all members age 18 to 25 - at age 26 membership changed to regular or may qualify for Milestone

- maintenance fee $0.00

- a per item fee $0.00

- cheque written by member returned NSF $20.00

MILESTONE

- available for members age 26-35

- Personal PCA Plus, reduced maintenance fee $4.99

- free safety deposit box and first set of cheques free

MILESTONE II

- available for members age 26-35

- Personal PCA Plus, reduced maintenance fee $2.99

- member must have 2 products with the Credit Union, 1 being lending or Mastercard

- free safety deposit box and first set of cheques free

www.southwestcu.com

SARNIA1205 Exmouth Street, Sarnia

Tel: 519-383-0750 • Fax: 519-383-0677

CORUNNA411 Lyndoch Street, Corunna

Tel: 519-862-1421• Fax: 519-862-1423

WYOMING618 Broadway Street, Wyoming

Tel: 519-845-3362 • Fax: 519-845-0731

WALLACEBURG57 McNaughton Avenue, WallaceburgTel: 519-627-6744 • Fax: 519-627-3275

ADMINISTRATION OFFICE1205 Exmouth Street, Sarnia

Tel: 519-383-8001 • Fax: 519-383-8841

BANK SERVICE CHARGESSERVICE

CHARGES AS AT NOV. 1,

2017Account closed within 90 days - personal - business

$25.00$25.00

Audit verification or credit reference on current accounts $20.00

ABM transactions- Canada at other financial institution (plus transaction fee) - USA at other financial institution (plus transaction fee) - International at other financial institution (plus transaction fee)

$1.50 $3.00 $3.00

Bank drafts - Canadian $7.50

Certified cheques - member’s request - third party request

$10.00 $20.00

Collections received on member’s account $20.00

Cheque View Service Free if viewed onlineForeign cheques cashed excluding all U.S. currency cheques - excludes American Express traveller cheques in any foreign currency

$3.00

Interac e-transfer (plus transaction fee) $1.50 + transaction fee if applicable

Money Orders - Canadian - U.S.

$7.50 $7.50

Night Depository - rental of night deposit bag and key (fee per bag rented) - rental of key only

$35.00

$35.00

Night Depository Bag - plastic disposable bags in package of 100

$60.00

NSF cheque written by member which is returned $45.00

NSF U.S. currency cheque written by member and returned $45.00

Overdraft handling fee – per item fee $6.00

Overdraft unauthorized in account $6.00

Passbooks (old style) $1.00

Postdated item on hand $3.00

RRSP/RRIF/TFSA exit fee- excludes Ethical Funds / Credential Asset Management / Qtrade- excludes out of area Credit Unions and excludes Estate accounts

$75.00

Terms/Variable- open and closed within 90 days $150.00

Safety Deposit Boxes- key replacement- drilling box and replacing both keys

$25.00 Min. $200.00

Safety Deposit Box – annual rental fee- Small box (1 ½ in.)- Medium box (2 ½ in.)- Large box (5 in.)

$35.00$45.00$75.00

Safety Deposit Box- rental billing notice mailed and/or late payment fee

$15.00

Signing Authority Change (business/association), allowed 2 free changes per year

$25.00

Stop Payments- complete details - incomplete details, but must have amount

$12.50 $17.50

Transfer, Incoming Wire - Canadian - U.S. / Foreign

$6.00 $10.00 US

Transfer, Outgoing Wire- to a Canadian financial institution- to a U.S. financial institution- to an International financial institution

$30.00$40.00$50.00

Transfer account to another financial institution excluding Credit Unions

$20.00

Transfer between accounts to cover overdraft $6.00

Traveller Cheques- standard cheques with single signature

1.00%

BANKING SERVICE CHARGES cont’d...SERVICE

CHARGES AS AT NOV. 1,

2017

Unclaimed Balance Notice- 2 years of inactivity in account- 5 years of inactivity in account- 9 years of inactivity in account

$20.00$30.00$40.00

Unpostable or unencoded cheques or preauthorized debits $5.00

US cheque drawn on Canadian account $10.00

Utility bill payment - manual remittance (excluding CRA, Ministry of Finance)

$1.75

Utility bill payment error correction $15.00

Voucher search, reconstruct statement or passbook, ABM trace, etc.- per item fee for voucher retrieval and / or photocopy- per hour charge with $15.00 minimum for item from previous 12 months- per hour charge with $20.00 minimum for item greater than 1 year

Min $20.00$30.00 per hr

$40.00 per hr

PERSONAL LOAN AND MORTGAGE SERVICE CHARGES

SERVICE CHARGES

AS AT NOV. 1, 2017

Appraisal Fees Our Costs

Property Inspections $150.00

Bridge Loans / Assignment of Proceeds $350.00

Collection of Delinquent Loan Payment $35.00

Demand Letter on Mortgage / Lambton Line II Product $160.00

Demand Letter on any Loan / Line of Credit Product $75.00

Property Tax Certificate Fee + the Cost of the Certificate $65.00 + Cost

DOCUMENT FEES

- Promissory note set-up $0.00

- Register Security Our Costs

- Property Search Min $80.00

- Secuirty Search Min $20.00

- Substitution of Security – PPSA Min $30.00

- One payment note with no payout from pending advance $100.00

Letter of Credit $150.00

COLLATERAL MORTGAGE

- Prepared and Filed by a Lawyer Cost Min $350.00

- Discharged by External Payout $300.00

- Discharged by Internal Financing $100.00

- Discharged by Member Paid $150.00

MORTGAGES

- Broker Referred Application Min $125.00

- Transfers or Assignments out of Southwest $300.00

- Discharged by External Payout $300.00

- Discharged by Internal Refinancing $100.00

- Discharged by Member Paid $150.00

- Discharge mortgage secured by PPSA registration $125.00

- Registering PPSA registration for mortgage security Our Costs

TERANET

- Name Search, Property Search, Land Registration Search / Item Fee Min $35.00

- Writ Search Min $35.00

Mortgage Capitalization Fee - Non-Default Management $80.00

Uninsured Non-Power of Sale Property $200.00 + Cost

- Instructing Lawyer for Power of Sale $250.00

- Administration of Power of Sale Property Min $2,400.00

Mortgage / Lambton Line II Cancellation Prior to ActiviationLegal, Appraisal

Costs plus $200.00

COMMERCIAL LOAN AND MORTGAGE SERVICE CHARGES

SERVICE CHARGES

AS AT NOV. 1, 2017

Appraisal Fees Our Costs

Environmental Reports Our Costs

Collectional of Delinquent Loan / BLC / Mtg Payment $35.00

Demand Letter on a Mortgage / Operating Line of Credit $160.00

Demand Letter on a Loan $75.00

Property Tax Certificate Fee + the Cost of the Certificate $65.00 + cost

DOCUMENT FEES

- Promissory Note Set-up $0.00

- Register Security Our Costs

- Property Search Min $80.00

- Security Search Min $20.00

- Substitution of Security – PPSA Min $30.00

- One payment note with no payout from pending advance $100.00

Letter of Credit $150.00

COLLATERAL MORTGAGE

- Prepared and Filed by a Lawyer Cost Our Costs

- Discharged by External Payout $300.00

- Discharged by Internal Financing $100.00

- Discharged by Member Paid $175.00

MORTGAGES

- Broker Referred Application Min $250.00

- Discharged by External Payout $300.00

- Discharged by Internal Refinancing $100.00

- Discharged by Member Paid $175.00

TERANET

- Name Search, Property Search, Land Registration Search / Item Fee Min $35.00

- Writ Search Min $35.00

Uninsured Non-Power of Sale Property $300.00 + Cost

- Instructing Lawyer for Power of Sale $250.00- Administration of Power of Sale Property Min $2,400.00

Commercial Commitment/Processing Fee 0.35% of Credit Request

Commercial Lending Annual Review- Applies to all Loans funded on or after Nov 1, 2004- No Review required for aggregate available balance of <$25,000a) Sole Proprietorship/Partnershipb) Incorporated

$125.00$150.00

Late Reporting Fee $100.00

Mortgage / Operating LOC Cancellation Prior to ActivationLegal, Appraisal

Costs plus $200.00

AGRICULTURAL LOAN AND MORTGAGE SERVICE CHARGES

SERVICE CHARGES

AS AT NOV. 1, 2017

Appraisal Fees Our CostsProperty Inspections $150.00Collection of Delinquent Loan / ALC / Mtg Payment $35.00

Demand Letter on a Mortgage / Operating Line of Credit $160.00

Demand Letter on a Loan $75.00

Property Tax Certificate Fee + the Cost of the Certificate $65.00 + Cost

DOCUMENT FEES- Promissory Note Set-up $0.00

- Register Security Our Costs

- Property Search Min $80.00

- Security Search Min $20.00- Substitution of Security – PPSA Min $30.00

AGRICULTURAL LOAN AND MORTGAGE SERVICE CHARGES cont’d...

SERVICE CHARGES

AS AT NOV. 1, 2017

- One payment note with no payout from pending advance $100.00Letter of Credit $150.00COLLATERAL MORTGAGE

- Prepared and Filed by a Lawyer Cost Our Cost- Discharged by External Payout $300.00- Discharged by Internal Financing $100.00- Discharged by Member Paid $175.00

MORTGAGES- Broker Referred Application Min $250.00- Transfers or Assignments out of Southwest $300.00- Discharged by External Payout $300.00- Discharged by Internal Refinancing $100.00- Discharged by Member Paid $175.00

Mortgage Capitalization Fee - Non-Default Management $60.00TERANET

- Name Search, Property Search, Land Registration Search / Item Fee Min $35.00- Writ Search Min $35.00

Uninsured Non-Power of Sale Property $300.00 + Cost- Instructing Lawyer for Power of Sale $250.00- Administration of Power of Sale Property Min $2,400.00

Agricultural Commitment / Processing Fee 0.35% of Credit Request

Agricultural Lending Annual Review- Applies to all loans funded on or after November 1, 2004- No review required for aggregate available balance of <$25,000c) Sole proprietorship/partnershipd) Incorporated

$125.00$150.00

Late Reporting Fee $100.00

Mortgage / Operating LOC Cancellation Prior to ActivationLegal, Appraisal

Costs plus $200.00

www.southwestcu.com

*Errors and Omissions Accepted.