Chequing & Savings Plans – Community & Business

 

A variety of chequing plans are available, each with their own unique features and benefits.

 

All your credit union deposits are safe. Advantage Credit Union guarantees to all depositors, repayment in full of all deposits through the Credit Union Deposit Guarantee Corporation. To find out more on how your deposits are guaranteed [click here].

 

Community Plan | Business Pay As You Go Plan | Business Wave Plan | Business Maximizer Plan | Plan 24 | US Plan | US Investor Savings Plan | Tendered Plan

 

Community Plan

As part of our on-going commitment to our communities, we offer non-profit clubs, associations and charitable organizations the following:

·         A no-fee, non-interest-bearing chequing plan

·         Free service charges

·         Free deposits

·         No fees and commissions for utility payments, traveler’s cheques, money orders and certified cheques

 

Business Pay As You Go Plan

This basic, no-fee business chequing plan is ideal for business members/clients who have only a few transactions per month. You only pay for the transactions as you use them.

·         Non-interest-bearing

·         Service charges are lower than the Business Maximizer Plan

·         No minimum service charge per month

·         Free deposits

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ABM or Point of Sale terminal (Interac® network)

·         Free 24-hour on-line access through MemberDirect® online banking service.

·         Free round-the-clock convenience at your finger tips through TELESERVICE telephone banking service.

·         MasterCard® Credit Card available on approved credit

 

Business Wave Plan

Ideal for businesses wanting a chequing plan with interest earnings, along with a set monthly service fee plan for convenience and simplicity.

Features:

·         Unlimited transactions for one flat monthly fee (Excluding INTERAC^® and CIRRUS^® ABM transactions)

·         Interest is tiered, calculated on the minimum daily closing balance and paid monthly

·         Free deposits

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ABM or Point of Sale terminal (Interac® network)

·         Free 24-hour on-line access through MemberDirect® online banking service.

·         Free round-the-clock convenience at your finger tips through TELESERVICE telephone banking service.

·         MasterCard® Credit Card available on approved credit

 

Business MAXIMIZER® Plan

Combines the convenience of a chequing plan with the interest earnings of a savings plan.

·         No fee

·         Tiered daily interest paid monthly

·         There is no minimum service charge per month

·         Free Deposits

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ABM or Point of Sale terminal (Interac® network)

·         Free 24-hour on-line access through MemberDirect®, our online banking service.

·         Free round-the-clock convenience at your finger tips through TELESERVICE, our telephone banking service.

·         MasterCard® Credit Card available on approved credit

 

Plan 24

Earn interest on smaller balances.

·         Interest is calculated on the minimum daily balance and paid monthly

·         Service charges apply on more than two debits per month

·         Funds may be withdrawn at any time

 

US Plan

This no-fee, non-interest-bearing chequing plan offers the ease of transferring money to and from the USA without conversion. For individuals conducting commerce in the United States. Cards are not permitted. Features include:

·         No exchange fee

·         Free deposits

·         Free 24- hour on-line access through MemberDirect® online banking

·         Free round-the-clock convenience at your finger tips through TELESERVICE telephone banking

 

Investor Savings Plan

This no-fee interest-bearing plan is designed for the high income, high volume and high activity investor. Offers higher interest rates normally offered on locked-in investments, combined with the convenience and flexibility of a chequing plan. Includes:

·         Two free debits per month with no minimum balance required

·         Tiered interest, calculated cumulatively on the minimum daily balance

·         Free Deposits

 

US Investor Savings Plan

This no-fee, interest-bearing plan is designed for the high income, high volume and high activity investor wishing to deal in US currency. Offers higher interest rates normally offered on locked-in investments, combined with the convenience and flexibility of a chequing plan. Ideal for seasonal US travelers, individuals that are interested in holding US dollars for investment purposes, or for businesses that utilize foreign currency for day-to-day operations. Cards are not permitted. Includes:

·         Two free debits per month with no minimum balance required

·         Free deposits

·         Tiered interest, calculated cumulatively on the minimum daily balance

·         Free 24-hour on-line access through MemberDirect® online banking

·         Free round-the-clock convenience at your finger tips through TELESERVICE telephone banking

Tendered Plan

An interest-bearing chequing plan for businesses or large organizations. Negotiable terms of the account are based on volumes of business, activity and services required.

Includes:

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ABM or Point of Sale terminal (Interac® network)

·         Free 24-hour on-line access through MemberDirect®, our online banking service.

·         Free round-the-clock convenience at your finger tips through TELESERVICE, our telephone banking service.

·         MasterCard® Credit Card available on approved credit