Synergy Credit Union - Business and Ag Accounts

PowerPack Biz Account

If you want significant savings each month, the PowerPack Biz is perfect for you.

monthly cost $110.00
eligible for $150 annual business review rebate
unlimited transactions
unlimited INTERAC^® e-Transfer

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SmartPack Biz Account

Your SmartPack Biz account automatically moves to the right level based on your number of transactions and balance.

Depending on the level you are in:

monthly cost ranges from $10.00 to $85.00 (free with minimum monthly balance)
monthly transactions range from 15 to 150

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Community Pack Account

The Community Pack is ideal for organizations dedicated to community betterment, seeking a flexible range of transactions while aiming to save money.

monthly cost $0.00* (after community rebate)
75 transactions
unlimited INTERAC^® e-Transfer

*Regular monthly cost is $45.00. Additional transactions are $1.25 each.

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U.S. ExchangePack Biz Account

Earn competitive interest, access U.S. funds in branch or with U.S. cheques and Convera bank drafts.

monthly cost $0.00
first 5 transaction are free

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Tendered Accounts

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Business & Ag Financial Experts

Synergy business and agriculture experts live and work in your community, so they understand the challenges you face in growing your operations and know-how to tailor innovative borrowing solutions to your unique needs.

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Customer Automated Funds Transfer (CAFT)

Compliance with CRA’s payroll regulations, especially around tax and other deductions, vacation pay, etc. can be time consuming for business owners. CAFT, a direct payment processing platform, makes the process seamless, allowing you to put your focus on building your business and helping your team while still meeting government requirements.

You can use CAFT to:

move money electronically between Canadian financial institution
make direct deposit payments for payroll
pay your payables and collect your receivables

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For $110 a month, the PowerPack Biz offers you unlimited transactions as well as a preferential U.S. exchange rate and cash management services. You can also earn more competitive rates on all your products, including investments or loans, as well as a rebate of up to $150 per year on your annual business review. In addition to all of these great perks, you get:

- free paper statements if you so choose
- ‘ding-free’ ATM usage across Canada
- unlimited cash deposits per month*
- unlimited Internal System Transactions¹
- access to our Business Specialists
- access to ‘BizAssist’, an online resource centre that provides business tools, templates and articles for small business owners and the self-employed
- account is free when you maintain a monthly minimum balance of $55,000

*This applies to cash only; your non-cash deposits are included in your account pack transactions. Cash management fees may apply for tendered relationships.

¹Internal System Transactions are set up and scheduled in advance and include automatic transfers to another credit union account (investment, loan, savings or chequing) and online banking scheduled transfers, including loan payments.

SmartPack Biz is a four-level system that automatically adjusts your monthly fees based on your transaction activity and account balance. If you maintain a minimum monthly balance, your fees are reduced to zero for that month. If your transaction volume fluctuates, we automatically bump you up or down a level to save you money.

All four levels offer:

- unlimited free INTERAC^® e-Transfers
- unlimited cash deposits per month*
- unlimited Internal System Transactions¹
- a free monthly e-statement
- ‘ding-free’ ATM usage across Canada

*This applies to cash only; your non-cash deposits are included in your account pack transactions. Cash management fees may apply for tendered relationships.

SmartPack Biz Level 1

pay $10 monthly for 15 transactions when your account balance is below $25,000
each additional transaction is $1.25
you are automatically bumped up to SmartPack Biz Level 2 after 23 transactions
you are automatically bumped up to SmartPack Biz Level 3 when you maintain a minimum balance of $25,000

SmartPack Biz Level 2

pay $20 monthly for 30 transactions when your account balance is below $25,000
each additional transaction is $1.25
you are automatically bumped up to SmartPack Biz Level 3 after 50 transactions
you are automatically bumped up to SmartPack Biz Level 3 when you maintain a minimum balance of $25,000

SmartPack Biz Level 3

pay zero fees when you maintain a monthly minimum balance of $25,000
pay $45 monthly for 70 transactions when your account balance is below $25,000
each additional transaction is $1.25
you are automatically bumped up to SmartPack Biz Level 4 after 102 transactions

SmartPack Biz Level 4

pay zero fees when you maintain a monthly minimum balance of $40,000
pay $85 monthly for 150 transactions when your account balance is below $40,000
each additional transaction is $1.25

The Community Pack account is here to empower your community group. With 75 transactions and $0 monthly fees – a remarkable $45.00 value per month – opting for the Community Pack means saving over $500 annually. Every transaction propels your community group forward while ensuring significant cost savings. Additionally, you gain access to:

- ‘ding-free’ ATM usage across Canada.
- unlimited cash deposits per month*.
- unlimited Internal System Transactions^1.
- access to our Business & Ag experts.
- access to ‘BizAssist’, an online resource centre that provides business tools, templates and articles for small business owners and the self-employed.

To qualify for the Community Pack account, your organization must align with one or more of the following criteria:

Must be a registered charity.
Eligible to receive funding from a provincial or federal government body.
Eligible to issue an official tax receipt or have the tax receipt issued by a governing body.
Have a community improvement element within your organization's mandate.

*This applies to cash only; your non-cash deposits are included in your account pack transactions. Cash management fees may apply for tendered relationships.

If you do a lot of business in U.S. funds, this daily interest-bearing account can save you money. In addition to giving you the flexibility to make transactions when foreign exchange rates are most favourable, it also offers:

- 5 free monthly transactions when you maintain an account balance of $500 monthly
- unlimited deposits
- additional transactions for $1.25 each
- 10 USD cheques printed monthly in-branch for free
- unlimited Internal System Transactions*
- easy access to your funds in-branch or by using U.S. cheques or Convera bank drafts

*Internal System Transactions are set up and scheduled in advance and include automatic transfers to another credit union account (investment, loan, savings or chequing) and online banking scheduled transfers, including loan payments.

If you operate a large business, municipality, regional health district, school division or are a First Nations organization, our tendered chequing account allows you to receive the best possible price/service in the marketplace. We will tailor this account to your specific needs and make it easy to access and manage your funds by:

- visiting us in-branch
- calling our Member Contact Centre
- online and mobile banking
- issuing cheques and payments

When you choose a Tendered Chequing Account with us, you also benefit from automated payroll and investment services as well as access to revolving line of credit and borrowing on approved credit.

Employer Sponsored Financial Wellness

Financial problems are one of the largest contributors to personal stress. When employees are financially secure, they are more productive, which means that they miss less work, are more focused and more effective in their roles. Helping your employees take control of their personal finances is a beautiful thing. We are here to help by offering Employer Sponsored Financial Wellness.

In our Employer Sponsored Financial Wellness program, your employees will be empowered to take control of their personal finances through both traditional benefit plans and increased financial literacy to help them achieve long-term financial success and stability.

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