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.