Just the facts on fees

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

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.
Interac e-Transfer® Limits
Amount
Max. you can send per transaction
$3,000
Max. you can receive per transaction
$10,000
Max. you can send per day (rolling period of 24 hours)
$10,000
Max. you can receive 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 receive per week (rolling period of seven days)
$70,000
Max. you can send per month (rolling period of 30 days)
$20,000
Max. you can receive per month (rolling period of 30 days)
$300,000
"OOPS" Charges
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.
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It only takes a few minutes to enjoy great interest rates, no monthly fees and start Saven for your future!