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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)
Moving your money in or out of another bank account into your Saven Financial savings account.
$0
Cheque Deposit
Depositing a cheque using your smartphone to a maximum of $25,000.
$0
Interac e-Transfer®
Sending, receiving and requesting money from another bank account. See below for limits.
$0
Tax-Free Savings Account (TFSA) Direct Transfer
Transferring a TFSA from Saven Financial to another financial institution.
$100
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
"OOPS" Charges
Cost
NSF (Non-Sufficient Funds)
This charge is applied when you don’t have enough money in your account to cover a pre-authorized debit transaction.
$50 per item
NSF (Non-Sufficient Funds) Handling
When an item is returned to another financial institution due to non-sufficient funds, this charge applies.
$10
Overdraft
This charge is applied when an account has an unauthorized negative balance. The interest on the negative balance, calculated daily and charged monthly.
21%

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Saven is a division of FirstOntario Credit Union*

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