Parama Benefits: Compared to other financial institutions, our list of fees for services is very short and always competitive!
Service Charges As Of November 21, 2022
Chequing Account Services & Fees
| NSF | $45.00 |
| Returned Item | $15.00 |
| Presentment Charge | $7.50 |
| Stop Payment | $5.00 |
| Member Statement print | $2.00 |
| Cheque Image Retrieval & Print | $1.00 |
| Archive Search/Retrieval | $35.00 (per hour) |
| Cheque Certification For Members | $5.00 |
| Cheque Certification For Non-Members | $20.00 |
| Canadian Bank Draft For Members | $5.00 |
| Canadian Bank Draft For Non-Members | $15.00 |
| Canadian Money Order | $5.00 |
| US Dollar Draft | $5.00 |
| Personal Account Cheques - book of 100 | $10.00 |
| Personal Account Cheques - 150 / 200 | $15.00 / $17.50 |
| Business Account Deposit Record Book | $15.00 |
| 2 per page Business Cheques - 100 / 200 | $50.00 / $75.00 |
| 2 per page Business Cheques - 400 / 800 | $100.00 / $125.00 |
| Debit Card - Upon Account Opening | FREE |
| Debit Card - Replacement | $10.00 |
Miscellaneous Services & Fees
|
AUTOMATED BANKING MACHINE OR ATM TRANSACTION FEES:
|
|
| CDN ATM withdrawals/deposits via EXCHANGE | FREE |
| US ATM withdrawals via EXCHANGE | $2.50 |
| CDN ATM withdrawals outside EXCHANGE | $1.00 |
| US ATM withdrawals outside EXCHANGE | $2.50 |
| International ATM withdrawals | $3.50 |
|
LIMITS
|
|
| Debit Card ATM | $500 /day |
| Debit Card Point of Sale | $1,000 /day |
| INTERAC e-transfer | $10,000 /day |
| $30,000 /week | |
| $90,000 /month | |
|
FUNDS TRANSFERS:
|
|
| Outgoing E-transfers | FREE |
| Incoming E-transfers | FREE |
| Wires | |
|
send CDN $ within Canada |
$25.00 |
|
send CDN $ outside of Canada |
$35.00 |
|
send US $ to the United States |
$25.00 USD |
|
send US $ outside of Canada/U.S. |
$35.00 USD |
|
incoming CDN $ processing fee |
$15.00 |
|
incoming CDN $ incomplete information processing fee |
$35.00 |
|
incoming US $ processing fee |
$15.00 USD |
|
incoming US $ incomplete information processing fee |
$35.00 USD |
|
EURO FUND TRANSFERS:
|
|
| $1 to $2,000 (Member) | $10.00 |
| $1 to $2,000 (Non-Member) | $20.00 |
| > $2,000 (Member) | $15.00 |
| > $2,000 (Non-Member) | $40.00 |
| RRSP, LIRA, LRSP, TFSA and RESP Transfer Out Fee | $100.00 |
|
SAFETY BOX RENTAL:
|
|
| 1.5 X 5 | $50.00 |
| 2.5 X 5 | $60.00 |
| 3.5 X 5 | $75.00 |
| 5.0 X 5 | $100.00 |
| 5.0 X 10 | $180.00 |
|
DORMANT ACCOUNT FEES:
|
|
| Inactive/dormant for 3 years + | $50.00 per year |
Loan Department and Services & Fees
|
MORTGAGES:
|
|
| Discharge/Administration Fee | Starting from $300.00 |
| Early Payout Administration Fee (Fixed Term Broker Mortgages Only) | Starting from $5,000.00 |
| Transfer Fee into PARAMA | no charge |
|
BRIDGE FINANCING:
|
|
| with mortgage | Starting from $100.00 |
| without mortgage | Starting from $300.00 |
| NSF Payments | $45.00 |
| Residential Loans Late Payments | $40.00 |
| Commercial Loans Late Payments | $50.00 |
| Mortgage Statement | $25.00 |
Contact Us
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MEMBER SURVEY
CALL US
Kingsway Branch
(Royal York)
(416) 207-9239