No Fee Everyday Banking Advantage | PARAMA

    You are here

    • You are here:
    • Home > Services > No Fee Everyday Banking Advantage

No Fee Everyday Banking Advantage


Why should you have to pay fees to access and use your money? You shouldn’t, we agree!

Not only do our members benefit from a complete set of convenient products and services, at Parama you have free access to your money, whether it’s to make purchases, pay bills, transfer funds or withdraw cash.

There are some fees; for example if you choose to withdraw cash from an ATM which is not part of the EXCHANGE ® Network, make more than 10 Interac® e-Transfers per month, require a special service such as a bank draft or wire transfer, or go into an overdraft, but for the most part we make sure that each and every member can perform regular everyday banking transactions without ever having to pay a fee of any type.

Compare our fees and services to what you are seeing at your financial institution and discover the PARAMA advantage!

We don't charge any monthly fees or require a minimum balance.


Download Package

Personal Account Opening Package

Opening a Personal Account and becoming a Parama Member


Download Package

Business Account Opening Package

Opening a Business Account and becoming a Parama Member



  • Unlimited deposits & withdrawals
  • Unlimited cheque payments and Electronic Fund Transfers
  • Unlimited ATM deposits and withdrawals through the Exchange® Network
  • Unlimited remote cheque deposits via “Deposit Anywhere” on the Parama mobile app
  • Unlimited bill payments
  • Unlimited debit card purchases
  • 10 outgoing Interac® e-Transfers per month ($1.50 thereafter)
  • Unlimited incoming Interac® e-Transfers per month
  • Unlimited post-dated and/or mailed in deposits
  • 100 personal account cheques included upon account opening

For a complete list of fees CLICK HERE