The first time you walk into a Canadian Western Bank branch, you'll see our philosophy at work. First of all, you likely won't be waiting in a huge lineup. Instead, we prefer to invite our customers to sit in a relaxed atmosphere with one of our qualified Sales & Service Representatives right away. We respect your time and strive to deliver a higher level of personal service. So when you present us with a unique situation requiring special treatment, it is dealt with locally, promptly, and professionally.
Value Banking
It is important to us that you get maximum value for your hard-earned dollar. That's why we've created accounts with different features and services. We respect that every customer's needs are unique, so discuss your financial needs with a Sales & Service Representative to find the account best suited to you.
Our Fees and Services Charges will remain in effect until further notice. This list does not include all our services; other charges may be applied depending on work involved.
PERSONAL ACCOUNTS
Chequing Accounts |
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Apex® Account (per month) |
$14.25 | |
Includes the following products and
services at no additional charge to the single monthly fee:
Personalized cheques
Automated banking machine access 8 free withdrawals per month - thereafter1
$1.50 per non-Exchange Network ABM withdrawals
Line of credit (on approval)$0.75 per Exchange Network® withdrawals Cheque certification (first party) Traveller's cheques (Cdn. & U.S.) Canadian drafts Monthly electronic paperless statement with cheque images Unlimited cheques and Interac® Direct Payment transactions In-Touch Telephone Banking® (ITTB) CWBdirect® Internet Banking If a minimum monthly balance of $5,000
is maintained, then the monthly fee will be waived. |
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Personal Chequing Account |
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| Minimum charge (per month) | $2.00 | |
| Per Debit: | ||
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per cheque / withdrawal | $0.70 |
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per electronic item | $0.60 |
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per non-Exchange Network ABM withdrawal1 | $1.50 |
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per Exchange Network ABM withdrawal | $0.75 |
| Monthly electronic paperless statement with cheque images | Free | |
| For each $1,000 minimum monthly balance increment, the monthly minimum fee will be waived and you will receive 15 free transactions (excluding ITTB bill payments). | ||
Standard Chequing Account |
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| Minimum charge (per month) | $4.00 | |
| After 8 free debit items per month, per debit (excludes non-Exchange Network ABM withdrawals) |
$1.00 | |
| Non-Exchange Network ABM withdrawals 1 | $1.50 | |
| Monthly electronic paperless statement with cheque images | Free | |
Ultimate Choice Account® (per month) |
$25.00 | |
| Our pre-eminent account. Customized service to suit your banking needs. Earn a high rate of interest on deposits. All for one monthly fee. Ask your branch for details. | ||
| If minimum monthly balance of $20,000 is maintained, the monthly fee will be waved. | ||
Gold Leaf PLUS® Package |
Free | |
| For our customers age 57 and over Minimum balance of $500 required |
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U.S. $ Personal Account |
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| Minimum charge of $2.00 per month or per item $1.00 | ||
| Monthly electronic paperless statement with cheque images | Free | |
Student Account |
Free | |
For our clients age 18-26 who are also enrolled in post secondary education. Includes the following products and services: |
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30 free "Self-Serve" transactions, $0.50 per transaction thereafter. "Self-Serve" transactions are listed as:
The Exchange Network ABM withdrawals
POS/Interac Direct Payment CWBdirect/ITTB Bill Payments "Full-Serve" transactions are (per item):
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Cheques | $0.80 |
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In-branch withdrawals | $0.80 |
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In-branch deposits | $0.80 |
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In-branch bill payments | $1.50 |
| Non-Exchange Network ABM withdrawals1 | $1.50 | |
| No annual fee Student MasterCard®, on approval from MBNA | ||
| Overdraft protection and personal line of credit available, on approval | ||
Youth Account |
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No monthly fee. For clients age 0-18. |
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Includes the following products and services at no extra charge: |
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15 free "Self-Serve" transactions, $0.50 per transaction thereafter. "Self-Serve" transactions are listed as:
The Exchange Network ABM withdrawals
POS/Interac Direct Payment CWBdirect/ITTB Bill Payments Free "Full-Serve" transactions. "Full-Serve" transactions are defined as:
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Cheques (Please note: Youth account clients will be charged to order cheques) | $0.80 |
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In-branch withdrawals | $0.80 |
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In-branch deposits | $0.80 |
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In-branch bill payments | $1.50 |
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Transfers between CWB accounts in branch or online |
$1.50 |
| Non-Exchange Network ABM withdrawals1 | $1.50 | |
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If minimum monthly balance of $2,000 in maintained, any additional per transactions fees will be waived.
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Savings Accounts |
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Peak Performance® Account |
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| Minimum monthly balance less than $10,000 | ||
| After 2 free debit items per month (excluding ITTB bill payments), per debit item | $1.25 | |
| ITTB bill payment, per item | $0.50 | |
| Monthly electronic paperless statement with cheque images | Free | |
If minimum monthly over $10,000 is maintained, any additional fees will be waived. |
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Summit Savings Account® |
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| Per item for all debits excluding internal transfers to CWB accounts | $5.00 | |
Basic Account |
Free | |
| Note: All related bank charges on U.S. accounts such as chargebacks will be collected in U.S. Funds | ||
| 1 ABM owner may levy a transaction maintenance fee. This fee is the responsibility of the card holder. | ||
| Note: Highlighted items indicate a change effective July 1, 2010. | ||
BUSINESS ACCOUNTS
| Cheques
on deposit (per item)1 |
$0.16 |
Current Account |
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| Minimum
charge $5.00 per month or per item |
$0.79 |
Business Interest Generator |
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| Minimum
charge $5.00 per month or per item |
$0.86 |
Interest Accelerator® Account |
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| Minimum
charge $5.00 per month or per item |
$0.79 |
U.S. $ Business Account |
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| Minimum
charge $7.50 per month or per item |
$1.00 |
Organization Account |
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| Minimum
charge $4.00 per month or per item |
$0.58 |
| Note: All related bank charges on U.S. accounts such as chargebacks will be collected in U.S. Funds. | |
| 1 Cheque or large currency transactions are subject to negotiated handling charges. | |
| Note: Highlighted items indicate a change effective July 1, 2010. | |
ALL ACCOUNTS
Cheque Certification |
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| Account Holder | $10.00 |
| Third party - paid by third party | $15.00 |
Items charged back |
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| Personal Accounts | $6.00 |
| Non-Personal Accounts | $6.00 |
NSF (cheques, pre-authorized items)*** |
$42.50 |
Overdraft Handling Charge |
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| Applicable to unauthorized overdrafts or excesses to lines of credit - min. per item | $5.00 |
Item drawn in U.S. $ |
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| Against a Canadian account (and vice versa) | $15.00 |
U.S. item deposited as Canadian item (and vice versa) |
$15.00 |
Placement of Stop Payment |
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| Complete details | $15.00 |
| Incomplete details (per month) | $20.00 |
Account Closure |
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| Within 90 days of opening | $15.00 |
| Transferred to another Financial Institution | $20.00 |
| RRSP/RRIF/TFSA Plan closed within one year of opening | $50.00 |
| RRSP/RRIF/TFSA transferred to another Financial Institution | $50.00 |
Bank Confirmation to auditor |
$25.00 |
| (GST included) | |
Posting of a non-encoded item |
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| (e.g. cleared counter cheque) | $5.00 |
Photocopy retrieval & Tracing Fees1 |
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| Item posted to account up to two years ago | $40.00/hour |
| Minimum charge $40.00 plus $1.00 per item | |
| Item posted to account over two years ago | Negotiable |
| Ask your branch for details | |
| Item deposited to account | $40.00/hour |
| Minimum charge $40.00 plus $75.00 per item | |
Printed monthly statement with cheque images mailed |
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| Ultimate Choice Accounts | Free |
| Gold Leaf Plus | Free |
| Apex Accounts - minimum charge (per month) | $1.00 |
| All other personal accounts - minimum charge (per month) | $2.00 |
| Business accounts - minimum charge (per month) | $5.00 |
| Pricing for high volume business accounts (subject to negotiation) | |
Unclaimed Account Notice charge |
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| Two Year | $20.00 |
| Five Year | $30.00 |
| Nine Year | $40.00 |
Transaction History/Duplicate or Interim Statement |
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| Per page | $1.00 |
Transfers between Accounts |
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| Customer in person | Free |
| Customer by phone/facsimile - per transfer | $4.00 |
| Coverdraft - per transfer - Personal Account | $0.50 |
| Coverdraft - per transfer - Business Account | negotiable |
| Customer using In-Touch Telephone Banking or | Free |
| CWBdirect Online Banking | Free |
Cash withdrawals (outside Canada)3 |
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| Cirrus® | $3.00 |
| Exchange Network ABM (USA only) | U.S. $3.00 |
Currency Deposited2 |
$2.50 per $1,000 |
| Coin | $3.50 per $100 |
Currency Supplied2 |
$1.50 per $1,000 |
| Coin | $3.50 per 10 rolls |
| Note: All related bank charges on U.S. accounts such as chargebacks will be collected in U.S. Funds | |
| 1Subject to surcharge from 3rd party clearing instituion. | |
| 2Cheque or large currency transactions are subject to negotiated handling charges. | |
| 3ABM owner may levy a transaction maintenance fee. This fee is the responsibility of the card holder. | |
| Cirrus is a registered trademark of MasterCard International Inc. | |
| Note: Highlighted items indicate a change effective July 1, 2010. | |
PAYMENT INSTRUMENTS AND OTHER SERVICES
Bill Payments |
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| (in branch) per bill | $1.50 | |
| via In-Touch Telephone Banking each* | $0.50 | |
CWBdirect® Internet Banking & In-Touch Telephone Banking |
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| Personal customers | Free | |
| Business customers: | ||
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CWBdirect(per month) | $10.00 |
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CWBdirect Advanced | Ask your branch for details |
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CWBdirect "View Only" | Free |
| Transaction tracing or recall, each | $15.00 | |
Wire Transfers |
Ask your branch for details | |
Canadian Bank Drafts* (per item) |
$6.50 | |
U.S. Bank Drafts (per item) |
$6.50 | |
Traveller's cheques* |
1% | |
| Calculated on face value | ||
Night Depository** |
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| Disposable Plastic Bags1 (including GST) | $2.00/month | |
| Canvas Bags (per bag)2 | $10.00/month | |
Safe Deposit Boxes** |
$40.00-$325.00 | |
| Dependent on size - per annum (GST included) | ||
Collections |
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| Clean | $20.00 | |
| Documentary | $25.00 | |
Post-dated cheques held for deposit (per item) |
$3.00 | |
Over-the-counter bill payments |
$3.00 | |
| (Unlimited flat monthly surcharge - Apex package customers) | ||
Interac Email Money Transfer (per transfer) |
$1.50 | |
| (when available) | ||
| Note: All related bank charges on U.S. accounts such as chargebacks will be collected in U.S. Funds | ||
| * waived for Apex Account Package, Gold Leaf PLUS, and Ultimate Choice Account. | ||
| **where available | ||
| ***cheques, loan/mortgage payments and electronic debits, etc. | ||
| 1Monthly fee does not include the cost of the disposable bags. | ||
| 2Existing canvas bag users only. | ||
| Apex, In-Touch Telephone Banking, Gold Leaf PLUS, CWBdirect, Interest Accelerator, Ultimate Choice Banking, Peak Performance, Summit Savings Account, Canadian Western Bank, "W and Maple Leaf" logo and Think Western are registered trademarks of Canadian Western Bank. | ||
| Note: Highlighted items indicate a change effective July 1, 2010. | ||