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Fees

Parama Benefits: Compared to other financial institutions, our list of fees for services is very short and always competitive!

 

Service Charges As Of May 24, 2018

 

Chequing Account Services & Fees

NSF $45.00
Returned Item $15.00
Presentment Charge $7.50
Stop Payment $5.00
Member Statement print $2.00
Microfilm Search $25.00 (per hour) 
Cheque Certification For Members $5.00 
Cheque Certification For Non-Members $20.00 
Canadian Bank Draft For Members $5.00 
Canadian Bank Draft For Non-Members $15.00 
Canadian Money Order $5.00 
US Dollar Draft $5.00 
Personal Account Cheques - Initial 100 (upon account opening) FREE
Personal Account Cheques - Additional 100 $5.00 
Business Account Deposit Record Book $15.00
Business Cheques - 100 (Large Size) $50.00 
Business Cheques - 100 (Small Size) $40.00 
Debit Card - Upon Account Opening FREE
Debit Card - Replacement $10.00 

 

Miscellaneous Services & Fees

AUTOMATED BANKING MACHINE OR ATM TRANSACTION FEES:
CDN ATM withdrawals/deposits via EXCHANGE FREE
US ATM withdrawals via EXCHANGE FREE
 CDN ATM withdrawals outside EXCHANGE $1.00
US ATM withdrawals outside EXCHANGE $2.50
International ATM withdrawals $3.50

 

FUNDS TRANSFERS:
Outgoing E-transfers - First 10 per month are FREE $1.50
Incoming E-transfers FREE
Wires  

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/U.S.

$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

 

EURO FUND TRANSFERS:
$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

 

SAFETY BOX RENTAL:
1.5 X 5 $50.00
 2.5 X 5 $60.00
 3.5 X 5 $75.00
5.0 X 5 $100.00
5.0 X 10 $180.00

 

DORMANT ACCOUNT FEES:
Inactive/dormant for 3 years + $50.00 per year

 

 

Loan Department and Services & Fees

MORTGAGES:
Discharge/Administration Fee Starting from $300.00
 Early Payout Administration Fee (Fixed Term Broker Mortgages Only) $5,000.00
 Transfer Fee into PARAMA no charge

 

BRIDGE FINANCING:
with mortgage $100.00
 without mortgage min. $300.00

 

 NSF Payments $45.00

 

 Residential Loans Late Payments $40.00

 

 Commercial Loans Late Payments $50.00

 

 Mortgage Statement $25.00

 

 

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