Service Fee Updates:

On February 1, 2024 we'll be making some updates to our service fees and making note of some fees not previously specified.
Please review the new service fee document below so you're prepared for these updates.



What's being updated?
Service
What's new
Consumer
Business/Agriculture
Community
Customer Automated Fund Transfer (CAFT): Chargeback per item from batch submission Added: from batch submission N/A $9.00 $9.00
Draft: US & International Currency (from CDN Account) in CAD Added: international currency $7.50 $7.50 $7.50
Electronic Transactions: AFT returns from external FI/third party Added: from external FI/third party $45.00 $45.00 $45.00
Estate Fees: Estate Account Administration Newly added $225.00 N/A N/A
Estate Fees: Late/No Death Notification requiring tax slip refiling with CRA Newly added Cost recovery of CRA charges N/A N/A
Estate Fees: Specialized Estate Administration Newly added $275.00/hr + GST; min 1 hr charged N/A N/A
Estate Fees: T3 Estate Preparation Newly added $275.00 + GST/annual issuance N/A N/A
Stop-Payment: Official Order Newly added $15.00 $15.00 $15.00
Miscellaneous: Non-resident Non-reporting: CRA requested NIR instead of T5 Newly added Cost recover of CRA charges N/A N/A
Registered Accounts: Transfer Out (per contract); unless waived for members with connectFirst Wealth Advisor Account(s) Added: unless waived for members with cFCU Wealth Advisor Account(s) $75.00 N/A N/A
Term Deposits: Classic option redemption (once per year) N/A fee changed to Free Free N/A N/A
Loan/Mortgage Fees: Payout Statements Newly Added First request free; $25 per subsequent updated request on same loan First request free; $25 per subsequent updated request on same loan First request free; $25 per subsequent updated request on same loan
Loan/Mortgage Fees: Letter of Credit Added: whichever is greater 1% of letter of credit amount or minimum of $250, whichever is greater. *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: Discharge filling fee Newly added $10.00 +GST *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: Late Reporting Fee Newly added N/A *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: Draw Mortgage Application Fee
Added: Actual 3rd party fees incurred

Added: whichever is greater
Actual 3rd party fees incurred* or $250.00 minimum, whichever is greater *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: Credit Facility Standby Newly added N/A *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: City online request Newly added Cost + GST *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: Land Title Search Newly added $10.50 + GST *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Loan/Mortgage Fees: PPSA Newly added $10.50 + GST *Contact your Account Manager for fee estimate *Contact your Account Manager for fee estimate
Member Card: Replacement cards (after 2 free/year) Added: after 2 cards free/year limit $15 $15 $15

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