THINGS TO KNOW BEFORE ENTERING THE HOUSING MARKET
At YNCU, we know entering the housing market is a daunting task. School does not prepare you for the financial risk you take when purchasing a home for the first time. We want to share with you some tips to help you enter the housing market, responsibly.
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The flexibility and convenience of self-serve banking, plus a few basic transactions a month. The Simply Free Chequing Account supports your basic daily banking needs with no monthly service fees.
Monthly Fee | Free |
Number of Debit Transactions | 12 Free Self-serve Transactions |
Charge for Additional Transactions | $1.00 |
Minimum Balance to Waive Fee | N/A |
Interac e-Transfers | Unlimited |
ATM Withdrawals at another Financial Institution | Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada |
Cheque orders | At current pricing |
Discounted Youth and Senior Monthly Fee | N/A |
Statement | Free On-line / $2.00 printed |
Do you prefer to do your banking online and in your own time? Do you use your debit card and send email money transfers often? The E-All Access Chequing Account allows you to manage your accounts online with 24/7 accessibility and flexibility. Take advantage of a self-service chequing account with low monthly fees and perks specifically catered to those who like to bank anywhere, anytime.
Monthly Fee | $6.95 |
Number of Debit Transactions | Unlimited Self-serve Transactions |
Charge for Additional Transactions | $1.00 |
Minimum Balance to Waive Fee | N/A |
Interac e-Transfers | Unlimited |
ATM Withdrawals at another Financial Institution | Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada |
Cheques orders | At current pricing |
Discounted Youth and Senior Monthly Fee | $4.95 |
Debit Card Protection | Buyer Protection and Extended Warranty |
Statement | Free On-line / $2.00 printed |
Want a budget-friendly chequing account that offers flexible transaction amounts in-branch and online? The Simply Plus Chequing Account makes it easy to bank in-branch and online, and offers a monthly service fee waiver if you maintain a $3,000 balance.
Monthly Fee | $11.95 |
Number of Debit Transactions | 50 Free transactions monthly |
Charge for Additional Transactions | $1.00 |
Minimum Balance to Waive Fee | $3,000 |
Interac e-Transfers | Unlimited |
ATM Withdrawals at another Financial Institution | Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada |
Cheques orders | At current market pricing |
Discounted Youth and Senior Monthly Fee | $6.95 |
Debit Card Protection | Buyer Protection and Extended Warranty |
Statement | Free On-line / $2.00 printed |
Looking for a full-service deluxe package chequing account that also gives back to your local community? The 100% Local Package offers members the ultimate in flexibility, including a minimum balance fee waiver. This account also gives back where you use it, with 1% of monthly fees collected benefiting an important, 100% local cause.
Monthly Fee | $16.95 |
Number of Debit Transactions | Unlimited In-branch and On-line transactions |
Charge for Additional Transactions | $5,000 |
Interac e-Transfers | Unlimited |
ATM Withdrawals at another Financial Institution | Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada |
Cheques orders | At current market pricing |
Discounted Youth and Senior Monthly Fee | $8.95 |
Debit Card Protection | Buyer Protection and Extended Warranty |
Statement | Free On-line / $2.00 printed |
Monthly Fee | FREE for youth 25 and under |
Number of debit transactions | Unlimited self-serve transactions |
In-branch transactions | $1.00 |
Minimum balance to waive fee | N/A |
Interac e-Transfers | Unlimited |
ATM withdrawals at another financial institution | Ding Free at Exchange Network ATMs $1.50 Non-Exchange Network ATMs (Canada) $3.00 outside Canada |
Cheques | At current market pricing |
Debit Card Protection | Buyer Protection & Extended Warranty |
Statements | Free online/$2.00 printed |
Already a mortgage holder? This account's on us. The Home Free Chequing Account is a deluxe package valued at $16.95 per month, offered free to members who have a YNCU mortgage.
Monthly Fee | $19.25 - FREE with a YNCU Mortgage |
Number of Debit Transactions | Unlimited Free monthly transactions |
Interac e-Transfers | Unlimited |
ATM Withdrawals at another Financial Institution | Ding Free at an Exchange Network ATM. $1.50 in Canada at a non-Exchange Network ATM. $3.00 Outside Canada |
Debit Card Protection | Buyer Protection and Extended Warranty |
Statement | Free On-line / $2.00 printed |
Avoid the ups and downs of the U.S. currency exchange rates with the U.S. Hybrid Chequing & Savings Account. This account will help you avoid converting U.S. currency to Canadian and back again. This account gives you the ability to write cheques, build savings, and earn interest in U.S. currency.
Monthly Fee | Pay as you go |
Number of Debit Transactions | 2 free per month |
Charge for Additional Transactions | $1.00 |
Cheques | At current market pricing |
Statement | Free On-line / $2.00 printed |
Interest | Paid monthly, calculated on daily closing balance |
At YNCU, overdraft protection is a convenient service that guarantees a specific amount of credit to cover your account between paydays. Your cheques, withdrawals, pre-authorized payments, and direct payment purchases are honoured up to your predetermined overdraft limit.
Overdraft protection is available on most personal chequing accounts.
Protection limits are available from $500 to $2,500;
A 5.00 monthly fee is applied to the account in months that the credit limit is being used;
Interest is calculated on the daily outstanding balance and applied to the account at month end;
There is no fee or interest cost for this protection service if the limit is not being used;
Every 90 days the account must be brought into a positive balance.
Overdraft Protection Service is a valuable program that helps you manage your cash flow. It covers you up to your approved credit limit, when sufficient funds aren’t available in your account to complete a transaction.
Rate
21%
Term
Renewed Annually
*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, securitization, and loan protection.
2022 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .