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Fees

Parama Advantage

  • Compared to other financial institutions, our list of fees for services is short and always competitive!

  • Service Charges as of August 31, 2023.

Chequing Account Services & Fees

SERVICES & FEES:
Debit Card - Upon Account Opening FREE
Debit Card - Replacement $10.00 
NSF Cheque $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 (Members) $5.00 
Cheque Certification (Non-Members) $20.00 
Canadian Bank Draft (Members) $5.00 
Canadian Bank Draft (Non-Members) $15.00 
Canadian Money Order $5.00 
US Dollar Draft $5.00 
Personal Account Cheques - 50 $10.00
Personal Account Cheques - 100 $10.00
Personal Account Cheques - 200 $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

Miscellaneous Services & Fees

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
ATM LIMITS:
Debit Card ATM $500 per day
Debit Card Point of Sale $1,000 per day
Interac e-Transfer $10,000 per day
$30,000 per week
$90,000 per month
FUND TRANSFERS:
Outgoing e-Transfers FREE
Incoming e-Transfers FREE
WIRE TRANSFERS:
 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/US $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 DEPOSIT BOX RENTAL:
 1.5" X 5" $50.00 per year
 2.5" X 5" $60.00 per year
 3.5" X 5" $75.00 per year
 5.0" X 5" $100.00 per year
 5.0" X 10" $180.00 per year
DORMANT ACCOUNT FEES:
Inactive/Dormant for 3+ years $50.00 per year

Loan Department Services & Fees

MORTGAGE FEES:
 Transfer Fee into Parama FREE
 Discharge/Administration Fee Starting from $300.00
 Early Payout Administration Fee (Fixed Term Broker Mortgages Only) Starting from $5,000.00
BRIDGE LOAN FEES:
 With a Parama Mortgage $300.00
 Without a Parama Mortgage $500.00
MISCELLANEOUS FEES:
 NSF Payments $45.00
 Residential Loan Late Payments $50.00
 Commercial Loan Late Payments $50.00
 Mortgage Statement Print $50.00

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