Chequing Plans

 

VALUE PLAN | WAVE PLAN | ALL IN ONE PLAN | MAXIMIZER PLAN  | ePLAN  |  HERITAGE BENEFITS AT AGE 60 |  HERITAGE PLAN  |  US PLAN | INVESTOR SAVINGS PLAN | US INVESTOR SAVINGS PLAN

 

A variety of chequing plans are available, each with their own unique features and benefits. For details on features and transaction fees, view our Plans & Fees brochure.

 

Your credit union deposits are guaranteed. 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.

 

Value Plan

This basic low-fee chequing plan includes 12 free debits*, offering great value if you have 12 or less transactions per month and like to want to know what your monthly fee will be within these limits.

·         Low fee, non-interest-bearing chequing plan

·         Includes 12 free debits

·         Free deposits

 

Wave Plan

For those who want the ultimate in personal service, flexibility and all the extras for a flat monthly fee!

·         Non-interest-bearing chequing plan that includes unlimited transactions* for one convenient flat fee

·         Free deposits

·         Fees and commissions are waived for line of credit renewals, traveler’s cheques, money orders, and certified cheques

·         $10 discount on safety deposit box rental

·         100 free personalized cheques per year

 

All In One Plan

If you are looking for ways to pay off your mortgage sooner and are good at managing your own finances, the All In One Plan allows you to place your mortgage, chequing, savings, loans and credit card into one, easy-to-manage plan. Any money or savings you deposit immediately goes towards reducing your outstanding balance and paying off your mortgage quicker. You’ll pay less interest and shear years off your mortgage. You must have existing equity in your personal residence to qualify.

 

This no-fee, non-interest-bearing plan includes:

·         Free service charges

·         Unlimited transactions*

·         Free Deposits

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

·         Free 24-hour on-line access to your accounts 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.

 

MAXIMIZER^® Plan

This low-fee plan combines the convenience of a Chequing account with the interest earnings of a savings account. It includes:

·         Tiered daily interest paid monthly

·         12 free debits*

·         Package fee and service charges are waived if the minimum monthly balance is $1,500+. Service charges apply on balances less than $1,500.

·         Free deposits

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ATM 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. 

 

ePlan

With ePlan, convenience and economy come paperless for those who prefer using cards and electronic debits rather than cheques, and enjoy the convenience of home banking services.

·         Low fee, non-interest-bearing plan

·         Unlimited electronic transactions (except for Interac® and Cirrus® ABM transactions)

·         Free deposits

·         2 free cheques per month - then regular service charges apply for paper transactions

·         Paper statements are not an option with ePlan. Statement information is available on eStatements through MemberDirect® online banking.

·         Access to chequing and savings account with a MemberCard® debit card or MasterCard Global Payment™ card through any ATM 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

 

Heritage Benefits at Age 60

When you reach age 60, you are automatically entitled to the following products and services free of charge or at a discount:

·         2 FREE Canadian money orders per month

·         NO COMMISSION on travelers cheques

·         DISCOUNT of $10 per year on safety deposit box rental

 

You are also eligible for our Heritage Plan. See details below.

 

Heritage Plan (Age 60+)

This low-fee, non-interest-bearing chequing plan is for those age 60+. If your account is joint, only one member is required to be age 60 to qualify. In addition to the Heritage Benefits listed above, this plan also includes:

·         30 free debits*

·         Package fee and service charges are waived if the minimum monthly balance is $1,500+.

·         Access your 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 (O.A.C.)

 

A Member Services Representative will contact you the month you turn 60 to explain this plan and to answer any questions you may have.

 

US Plan

For individuals conducting commerce in the United States. This low-fee, non-interest-bearing chequing plan offers the ease of transferring money to and from the USA without conversion. 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

 

* Excluding INTERAC® and CIRRUS® ATM transactions