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​For those who do good for all of our benefit

We are proud to support associations, clubs and registered not-for-profit and charitable organizations that work to strengthen our communities and neighbourhoods.

Volunteer helps organize donations at food bank.
 

Key Features

 

Low to no banking fees
Earn one free debit transaction, whether cheques, pre-authorized payments or point of sale, for every $500 of your lowest balance of each month.

Offering tiered interest rates on deposits
Tiered rates on balances of more than $5,000.

Enhanced Small Business banking platform
Assign authorities to staff to initiate payments, saving time and streamlining administration.

 

Everyday Account Transactions & Fees

Monthly Fee  None
Minimum Balance Required None
Credit transactions  
   Deposit Anywhere™ – Directly deposit cheques using a mobile device1 Free
   Interac e-Transfer® – Receive money from a Canadian bank account Free
   Deposits made in branch or at an IC Savings ATM and electronic funds deposits 2,3 Free
Debit transactions  
   Withdrawals made in branch or at an IC Savings/ding free ATM and transfers between IC Savings accounts 3,4,5 Free
   Interac e-Transfer® – Send money to a Canadian bank account $1.50 each
   Withdrawals at non-ding free/other FI ATMs within Canada $1.50 each 6
   Withdrawals at ATMs outside Canada (On Accel or Cirrus networks) $3.00 each 
   Cheques and pre-authorized payments 1 free transaction for every $500 of lowest monthly balance; then $0.75 each thereafter.7
   Point-of-sale (POS) purchases 1 free transaction for every $500 of lowest monthly balance; then $0.60 each thereafter.8
   In-branch bill payments $1.00
   Self-serve bill payments 9 Free
Monthly Account Statements  
   Electronic copy with cheques image(s), front only Free 10
   Print copy with cheques image(s), front only, mailed Free 10

 

Click here for more information about all other account services and related fees.

Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Learn more

 

Terms & Conditions


1 Deposit Anywhere is a registered trademark owned by Central 1 Credit Union and is used under license. Available with the IC Savings Mobile Banking App.

2 Deposits include those completed only at an IC Savings ATM as well as electronic funds transfers. Deposits should not be made at ATMs on THE EXCHANGE® or ACCULINK® networks as these will be returned. Electronic funds transfers include debit card and credit card debits processed through a POS terminal (payments provider) and credited to this account.

3 Conditions apply with cash deposit and cash supply services; fees may apply depending upon cash volumes. Speak with your branch team for complete details.

4 Surcharge fees are not incurred on a single-signature account when the Member Card® debit card is used at ATMs on THE EXCHANGE® or ACCULINK® networks across Canada. The Member Card® debit card is not available on multi-signature accounts. 

5 Withdrawals are subject to ATM limits.

6 There may be additional fees when using another financial institution's ATM.

7 One free debit transaction for every $500 of the lowest balance of each month. Otherwise, $0.75 will apply for each cheque and pre-authorized payment thereafter. 

8 One free debit transaction for every $500 of the lowest balance of each month. Otherwise $0.60 will apply for each point-of-sale purchase (withdrawal) thereafter.

9 Where self-serve is defined as a transaction made without branch assistance and through online and mobile banking or at an IC Savings ATM.

10 Statements are provided complimentary to members for the current month and are archived in online banking for a period of seven years. Fees will apply to requests for statements dating beyond 90 days and will be calculated as outlined under Records Search on the Accounts Services page.  


Member Card® is a registered certification mark owned by Credit Union Central of Canada, and is used under license.
Deposit Anywhere is a registered trademark owned by Central 1 Credit Union and is used under license.

THE EXCHANGE® is a registered trademark licensed for use in Canada by Ficanex Service Limited Partnership.
Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under license.