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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.

Transaction
Fee
+ Electronic Funds Transfer (EFT)
$0
Moving your money in or out of another bank account into your Saven savings account.
+ Cheque Deposit
$0
Depositing a cheque using your smartphone to a maximum of $25,000.
+ Interac e-Transfer®
$0
Sending, receiving and requesting money from another bank account. See below for limits.
+ Tax-Free Savings Account (TFSA), First Home Savings Account (FHSA) and Registered Retirement Savings Plan (RRSP) Direct Transfer
$100
Transferring a TFSA, FHSA or RRSP from Saven Financial to another financial institution.
Interac e-Transfer® Limits
Amount
Max. you can send per transaction
$3,000
Max. you can receive per transaction
$25,000
Max. you can send per day (rolling period of 24 hours)
$10,000
Max. you can send per week (rolling period of seven days)
$10,000
Max. you can send per month (rolling period of 30 days)
$20,000
Avoidable Fees
Cost
+ 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
$10
When an item is returned to another financial institution due to non-sufficient funds, this charge applies.
+ Overdraft
21%
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!

Navigate your finances confidently and without hidden fees.

 
 
 


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* Saven is a division of FirstOntario Credit Union.

* Banking services not available in Quebec.

Copyright © 2025. Saven Financial and Design are trademarks of FirstOntario Credit Union.

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