The journey to homeownership may feel overwhelming, and you could be wondering how you would cover all the different expenses. With a Synergy CU personal mortgage, you could get up to $2,500 cashback* to help offset some of those expenses.
- Up to $1,500 on a personal mortgage loan between $100,000 to $399,999.
- Up to $2,500 on a personal mortgage loan of $400,000 and greater.
- This offer applies to anyone who obtains a Synergy CU personal mortgage for a new home purchase, a new home build, or switches their existing mortgage from another financial institution.
- Offer applies to consumer residential mortgages only.
- Mortgages must have a principal amount of $100,000 or more.
- Must be in a Closed term mortgage of 3 years or more.
- Must have a Synergy Credit Union account and a recurring direct deposit.
- Pre-authorized mortgage payments must come from their Synergy Credit Union account.
- Your bill payments are already set up.
- Direct deposits are automatically going into your account.
- You’re busy and tracking down all your vendors is time away from what you want to do.
ClickSWITCH is a fully automated way to:
- Transfer your automated bill payments
- Transfer your direct deposits to a Synergy chequing account
- Close your accounts at your former financial institution
Timing for each switch can vary depending on the type of payment or deposit, the biller or depositor and the method needed to switch the payment or deposit.
Account Related Fees
|Account closed or transferred to another institution||Cost of Manager's Trust Cheque|
|Bank confirmations, Certificate/Letters of Account balances or interest paid received, Reference Letter||$25.00|
|Notice of Change- providing vendor with correct account information||$25.00|
|Cheque Images (online or on statement)||no charge|
|CD Statements or Images||Varies based on type. Contact us for details|
|Electronic statements (e-Statements)||no charge|
|Paper Statement - mailed monthly &/or occasionally printed in branch (records search fees will apply when multiple statements or requests are made frequently - see next line)
|Records search or Researching member's account information (microfiche, statement re-rendering, cheque images retrieval, chequebook update, etc.)||
|Inactive accounts (greater than 1 year; also includes unclaimed balances)||$50.00 set-up then $25.00 per year
|Post-dated cheque deposited at ATM or held for deposit (excluding deferred grain cheques)||$6.50|
|Screen history print (per page)||$2.00|
|Transferring between accounts or receiving an account balance inquiry from the call centre (Member Contact Centre)
||$4.00 high volume usage|
|*NEW - Rework Free (due to member-initiated error)||$15.00|
|Member Card debit card - New (initial card)||no charge|
|Member Card debit card - lost or stolen replacement||no charge|
|Member Card debit card - excessive replacements||$10.00|
|Rush order for Member Card debit card/ Collabria Mastercard||$35.00|
|INTERAC Flash removed from Member Card debit card||$35.00/ per renewal|
|Close Collabria MasterCard||$25.00|
|Withdrawal from INTERAC ATM (Canadian banks)||$2.50|
|ATM withdrawal surcharge (non-credit union cards)||$3.00|
|Withdrawal from CIRRUS ATM (U.S. and International)||$4.00|
|White label ATMs - Transaction traces||$30.00/hour
|Coin counter machine usage or Coin orders (members)||no charge|
|Coin counter machine usage or Coin Orders (non-members)||10%|
|Special order foreign currency - funds not held at the branch (Members only)||$9.00
(includes supplier costs)
|Large cash orders for members or cash machines||$2.00 per $1,000|
|Personalized cheques (through our provider D+H)||Varies based on style and quantity|
|Manager's trust cheque (guaranteed cheque)||$10.00|
|Over the counter cheques (except for account openings)||$0.75 each|
|Cashing Synergy cheques for non-members (excluding federal and provincial government cheques)||$10.00|
|NSF Cheque (funds not available to cover cheque)||$45.00|
|Cheque drawn in US funds on Canadian account (or returned)||$20.00|
|Chargeback due to rejected or non-micro encoded cheques or AFT/EFT incorrect encoding||$7.50|
|Cheques received/sent on collection||$40.00|
$12.50 (long distance)
|Cheque register, passbooks and deposit books - excessive||$1.00 each|
Business and agricultural lines of credit and Quick Loans, give you access to fast, convenient funds to cover your business need, from inventory and operating expenses to unplanned and unforeseen expenses. The Annual Revolving Credit Cost will be applied automatically to your current Business/ Ag Account Pack. This fixed cost is based on the combined value of your Business/ Ag Line of Credit and Quick Loan limits.
|Combined value of Business/ Ag Line of Credit and Quick Loan Limits||New Annual Revolving Credit Cost
(Effective July 2022)
|New Annual Revolving Credit Cost with the PowerPack Rebate
(Effective July 2022)
|$10,000 or under||$50.00/yr + interest costs||Free|
|$10,001 to $50,000||$150.00/yr + interest costs||Free|
|$50,001 to $100,000||$250.00/yr + interest costs||$100.00/yr + interest costs|
|$100,001 to $250,000||$350.00/yr + interest costs||$200.00/yr + interest costs|
|$250,001 to $500,000||$500.00/yr + interest costs||$350.00/yr + interest costs|
|$500,001 to $1,000,000||$1,000.00/yr + interest costs||$850.00/yr + interest costs|
|Online Banking||no charge|
|INTERAC e-Transfer - sent (SmartPack, PowerPack, Community Pack and CHQ Group Preferred accounts)||no charge|
|INTERAC e-Transfer - sent (LitePack, savings account)||$1.50|
|INTERAC e-Transfer - received||no charge|
|Customer Automated Fund Transfer (CAFT) - Business setup and training||$100.00|
|CAFT Pricing - Flat rate pricing based on usage (Member usage to be reviewed annually and processed monthly/annually)||
15 transactions or less
30 transactions or less
75 transactions or less
150 transactions or less
The above pricing is included at no additional cost to PowerPack Biz account holders.
|CAFT Fee - Flat one time charge for other one time items such as rejects , recalls etc.||$10.00|
|Commissioner of Oaths (Credit Union related)||no charge|
|Notary of the Public (Credit Union related)||no charge|
|Photocopies or faxes (Credit Union related)||no charge|
|Photocopies or faxes (non-Credit Union related)||$2.00 + GST (per page)|
|Rubber stamp (payee stamp)||First stamp no charge.
Replacements at cost
|Plastic card protectors||no charge|
|Corporate registries (Alberta)||$7.00|
|Corporate registries (Saskatchewan)||$6.00|
|Rentals - Community groups||no charge|
|Mail acknowledgement of mail or courier deposit||$1.00|
|Collection of Property Tax||$150.00|
|Annual Night Depository Services - Regular Rate||$30.00 + GST/year|
|Annual Night Depository Services - Community Groups||$10.00 + GST/year|
|Blue nylon bags - initial||no charge|
|Blue nylon bags - replacement||$10.00 each|
|100 disposable bags||no charge|
|Each additional or lost night depository key||$10.00 each + GST|
|Automatic transfer to cover funds in account - coverdraft or overdraft (if previously setup)||no charge|
|Overdraft over-limit fee (per item)||$5.00 each|
|Overdraft interest rate||26%|
|Stop payment - full details and signed||$20.00|
|Bill payment person-assisted (per bill) - excessive usage||$2.00|
|Bill payment (non-member)||$5.00|
|Bill payment - manual recall and traces||$25.00|
|Garnishees/ third party demand - immediate settlement||$150.00|
|Garnishees/ third party demand -delayed settlement||$50.00|
|Pre-authorized set-up to or from another financial institution - one-time setup)||$25.00|
|Concentra: Internet cash concentration sweep services (setup)||$150.00|
|Concentra: Internet cash concentration sweep services (per transaction)||$2.50 each|
|Concentra: MemberDirect online banking auto-sweep services (set-up)||$150.00|
|Concentra: MemberDirect online banking auto-sweep services (per transaction)||$2.50 each|
|Western Union: All bank drafts (Canadian, U.S. and International)||$15.00|
|Estate processing and administration||$150.00|
|Estate planning/ Business or ag succession planning||no charge|
|Registered product balance transferred out to another financial institution (excluding transfers to our partners)||$100.00
|Duplicate RSP official receipts/ T4 RIF/ T4 RSP||$15.00 each|
|RSP/ TFSA excess contribution refund||$25.00|
|Mailbox rental||$10.00 + GST/ year|
|Safety deposit rental: 1.5 x 4||$40.00 + GST/ year|
|Safety deposit rental: 1.5 x 5||$40.00 + GST/ year|
|Safety deposit rental: 2.5 x 5||$50.00 + GST/ year|
|Safety deposit rental: 2.5 x 10||$90.00 + GST/ year|
|Safety deposit rental: 5 x 5||$90.00 + GST/ year|
|Safety deposit rental: 5 x 10||$140.00 + GST/ year|
|Safety deposit rental: 10 x 10||$225.00 + GST/ year|
|Drill safety deposit box||Locksmith costs (min $150) + travel costs|
|Safety deposit box key replacement or not returned||$20.00 + GST|
- Boxes kept in fireproof vault.
- Dual custody access.
|Wire transfer: Incoming||$20.00|
|Wire transfer: Outgoing CDN or US funds to Canadian financial institution (*change from $25 to $30)||$30.00|
|Wire transfer: Outgoing CDN or US funds to US financial institution (*change from $30 to $35)||$35.00|
|Wire transfer: Outgoing to foreign financial institution (see above for U.S. wire transfers) (*change from $40 to $50)||$50.00|
|Wire Trace/ Amendments/ Recalls||$30.00|