Fees
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Parama Advantage
- Compared to other financial institutions, our fees are always competitive.
- Fees effective August 31, 2023.
Chequing Account Services and Fees
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SERVICES and FEES:
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| Debit Card - Upon Account Opening | FREE |
| Debit Card - Replacement | $10.00 |
| NSF Cheque | $45.00 |
| Returned Item | $15.00 |
| Presentment Charge | $7.50 |
| Stop Payment | $5.00 |
| Member Statement print | $2.00 |
| Cheque Image Retrieval & Print | $1.00 |
| Archive Search/Retrieval | $35.00 (per hour) |
| Cheque Certification (Members) | $5.00 |
| Cheque Certification (Non-Members) | $20.00 |
| Canadian Bank Draft (Members) | $5.00 |
| Canadian Bank Draft (Non-Members) | $15.00 |
| Canadian Money Order | $5.00 |
| US Dollar Draft | $5.00 |
| Personal Account Cheques - 50 | $10.00 |
| Personal Account Cheques - 100 | $10.00 |
| Personal Account Cheques - 200 | $17.50 |
| Business Account Deposit Record Book | $15.00 |
| 2 per page Business Cheques - 100 / 200 | $50.00 / $75.00 |
| 2 per page Business Cheques - 400 / 800 | $100.00 / $125.00 |
Miscellaneous Services and Fees
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ATM TRANSACTION FEES:
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| CDN ATM withdrawals/deposits via EXCHANGE | FREE |
| US ATM withdrawals via EXCHANGE | $2.50 |
| CDN ATM withdrawals outside EXCHANGE | $1.00 |
| US ATM withdrawals outside EXCHANGE | $2.50 |
| International ATM withdrawals | $3.50 |
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ATM LIMITS:
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| Debit Card ATM | $500 per day |
| Debit Card Point of Sale | $1,000 per day |
| INTERAC e-transfer | $10,000 per day |
| $30,000 per week | |
| $90,000 per month | |
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FUNDS TRANSFERS:
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| Outgoing e-transfers | FREE |
| Incoming e-transfers | FREE |
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WIRE TRANSFERS:
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| Send CDN $ within Canada | $25.00 |
| Send CDN $ outside of Canada | $35.00 |
| Send US $ to the United States | $25.00 USD |
| Send US $ outside of Canada/US | $35.00 USD |
| Incoming CDN $ processing fee | $15.00 |
| Incoming CDN $ incomplete information processing fee | $35.00 |
| Incoming US $ processing fee | $15.00 USD |
| Incoming US $ incomplete information processing fee | $35.00 USD |
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EURO FUND TRANSFERS:
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| $1 to $2,000 (Member) | $10.00 |
| $1 to $2,000 (Non-Member) | $20.00 |
| > $2,000 (Member) | $15.00 |
| > $2,000 (Non-Member) | $40.00 |
| RRSP, LIRA, LRSP, TFSA and RESP Transfer Out Fee | $100.00 |
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SAFETY DEPOSIT BOX RENTAL:
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| 1.5" X 5" | $50.00 per year |
| 2.5" X 5" | $60.00 per year |
| 3.5" X 5" | $75.00 per year |
| 5.0" X 5" | $100.00 per year |
| 5.0" X 10" | $180.00 per year |
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DORMANT ACCOUNT FEES:
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| Inactive/Dormant for 3+ years | $50.00 per year |
Loan Department Services and Fees
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MORTGAGE FEES:
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| Transfer Fee into Parama | FREE |
| Discharge/Administration Fee | Starting from $300.00 |
| Early Payout Administration Fee (Fixed Term Broker Mortgages Only) | Starting from $5,000.00 |
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BRIDGE LOAN FEES:
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| With a Parama Mortgage | $300.00 |
| Without a Parama Mortgage | $500.00 |
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MISCELLANEOUS FEES:
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| NSF Payments | $45.00 |
| Residential Loan Late Payments | $50.00 |
| Commercial Loan Late Payments | $50.00 |
| Mortgage Statement Print | $50.00 |
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