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Parama Benefits

Parama Benefits
  • Most of our services are FEE-FREE! Services that require fees are minimal and competitive.
  • Great selection of modern services: mobile and online banking, Interac® e-transfers, e-mail alerts, remote cheque deposits using your smart phone and no fee deposits and withdrawals through participating ATMs on the Exchange® Network.
  • Two conveniently located Toronto branches – one at Royal York and Bloor and the other at Dundas St West and Bloor. Both are easily accessible by subway or by car. For convenience we are open later on Thursdays and Fridays and are even open on Saturdays! Check the Hours link for more details.
  • Members automatically participate in the profit sharing program, which means money back in your pocket! To date, PARAMA has distributed nearly $8.5MM back to its Members.
  • All Canadian dollar deposits are insured by DICO up to $100,000 for each different account holder. DICO provides unlimited insurance protection for deposits held in registered plans such as RRSPs, RRIFs and TFSAs.  Please see www.dico.com for details.
  • You will enjoy personalized and caring service from all of our professional Member Service Representatives. At PARAMA you are known by your name, not by a number.

 

Open Account

Open Account

Complete and submit our online account application and we will have your account opening documentation ready for your signature when you visit our branch.

 

Open Account

Open Business Account

Complete and submit our online business account application and we will have your account opening documentation ready for your signature when you visit our branch.