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Just the facts on fees

Let's face it, fees get in the way. That's why we've eliminated monthly fees.

+ Electronic Funds Transfer (EFT)
Moving your money in or out of another bank account into your Saven savings account.
+ Cheque Deposit
Depositing a cheque using your smartphone to a maximum of $25,000.
+ Interac e-Transfer®
Sending, receiving and requesting money from another bank account. See below for limits.
+ Tax-Free Savings Account (TFSA) and First Home Savings Account (FHSA) Direct Transfer
Transferring a TFSA or FHSA from Saven Financial to another financial institution.
Interac e-Transfer® Limits
Max. you can send per transaction
Max. you can receive per transaction
Max. you can send per day (rolling period of 24 hours)
Max. you can send per week (rolling period of seven days)
Max. you can send per month (rolling period of 30 days)
Avoidable Fees
+ NSF (Non-Sufficient Funds)
$50 per item
This charge is applied when you don’t have enough money in your account to cover a pre-authorized debit transaction.
+ NSF (Non-Sufficient Funds) Handling
When an item is returned to another financial institution due to non-sufficient funds, this charge applies.
+ Overdraft
This charge is applied when an account has an unauthorized negative balance. The interest on the negative balance, calculated daily and charged monthly.

Transparent, fair, and rarely needed!