CONTACT CENTRE
Our truly local representatives are here to serve you:
1-866-866-6641
CONTACT CENTRE
Our truly local representatives are here to serve you:
1-866-866-6641
Our banking packages and accounts we offer have different features and fees. Some packages have no monthly fee but may charge for transactions. Other packages may have a monthly fee but can be reimbursed if a minimum monthly balance is maintained.
And as always, a portion of PenFinancial’s profits are reinvested back into the Niagara and Haldimand communities that we serve. That’s truly local banking!
Learn more about how PenFinancial gives back →Please note that effective June 1, 2025, our Chequing Account features are being updated and some fees are increasing. For all details of the new pricing and features, please visit our account changes page.
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits | FREE |
| Interac e-Transfers | $1.50 each |
| Included Transactions | $1.00 per transaction |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| Monthly Fee | $5.00 |
| Unlimited Deposits | FREE |
| Interac e-Transfers | 4 FREE4 |
| Included Transactions |
10 FREE ($1.00 per additional transaction)1 |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| Monthly Fee | $15.00 |
| Unlimited Deposits | FREE |
| Interac e-Transfers1 | 4 FREE4 |
| Included Transactions | Unlimited1 |
| CAN Bank Drafts | FREE |
| Minimum monthly balance to waive monthly fee | $3,0002 |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits | FREE |
| Interac e-Transfers1 | 4 FREE4 |
| Included Transactions | Unlimited1 |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits | FREE |
| Interac e-Transfers | 4 FREE4 |
| Included Transactions | Unlimited1 |
| CAN Bank Drafts | FREE |
| Safety Deposit Boxes | Discounted |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits |
Online (In-branch transaction1 $5.00 each) |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits |
Online (In-branch transaction1 $5.00 each) |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits |
FREE |
| In-branch Transactions1 |
$1.00 each |
| Fee Type | Fee Details |
| Monthly Fee | FREE |
| Unlimited Deposits |
FREE |
| Included Transactions |
2 per month. $1.00 per additional transaction. |
| Fee Type | Fee Details |
| Monthly Fee | $5.75 |
| Included Transactions | $0.80 per transaction1 |
| Cash and Coin Deposits | FREE |
| CRA Remittances | $2.75 |
| Minimum monthly balance to waive additional transaction fees |
One FREE transaction for every $1,000 minimum monthly account balance held2 |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| Monthly Fee | $6.50 |
| Included Transactions | $0.80 per transaction1 |
| Cash and Coin Deposits | FREE |
| CRA Remittances | $2.75 |
| Minimum monthly balance to waive additional transaction fees | $15,0002 |
| Minimum monthly balance to waive monthly fee | $15,0002 |
| Fee Type | Fee Details |
| Monthly Fee |
Customized monthly fee determined by commercial account manager |
| Cash and Coin Deposits | FREE |
| CRA Remittances | $2.75 |
| Minimum monthly balance to waive additional transaction fees | Not applicable |
| Minimum monthly balance to waive monthly fee | Not applicable |
| Fee Type | Fee Details |
| ATM at other Financial Institution | $1.75 each |
| ATM Exchange Network |
$0.85 each3 (updating to no fee as of June 1, 2025) |
| ATM International | $5.00 each |
| ATM Plus/US | $3.00 each |
| Member deposit to other Credit Union ATM |
$1.00 each (updating to no fee as of June 1, 2025) |
| U.S. withdrawal on CAN account | $1.00 each |
| Interac e-Transfers | $1.50 each |
| Debit Card Replacement | 1 FREE per year ($5.00 each after) |
| Fee Type | Fee Details |
| Bill Payment in branch | $1.85 each |
| Bill Payment Retrieval/Transfer Request |
$15 each |
| Branch telephone transfers | $5.00 each |
| CAFT - one time | $15 |
| Certified Cheque | $10 each |
| Collection Services (including SWIFT) | $50 |
| Direct Debit/Interac Point of Sale | $1.00 each |
| Me 2 Me Transfers | $1.50 each |
| Night Deposit Fee |
$5.00/night (increasing to $50.00/year as of June 1, 2025) |
| Non-encoded Cheque | $15 |
| NSF Items | $47.50 |
| Overdraft Protection |
$1.00/mnth plus interest As of June 1, 2025, this fee is updating to no fee if overdraft protection isn't used, or $5 plus interest if it's used. |
| Post Dated Cheque Held | $3.00/item (increasing to $5.00/item June 1, 2025) |
| Pre Authorized Debits | $1.00 |
| Rolled Coin | $0.10 per roll |
| Stop Payment | $18 (increasing to $20 June 1, 2025) |
| Telephone Banking and Internet Bill Payment | $1.00 each |
| Unauthorized Overdraft Fine | $6.00 |
| Withdrawal | $1.00 each |
| Fee Type | Fee Details |
| Bank Draft - CAD/U.S., Money Orders | $10 each |
| Foreign Currency (other than U.S.) |
>$250: No Charge |
| Fee Type | Fee Details |
| Close Registered Account within 6 months |
<6 months: $100.00 |
| Registered Account Withdrawal | $25.00 per withdrawal |
| Unscheduled RRIF Payments (3 or more within 12 months) | $25.00 per payment |
| Registered Products & GIC Early Redemption | $25.00 |
| Duplicat T5, RRSP, T4RRSP, T4RRIF, Official Receipt | $15.00 |
| Estate Closures (CU) | $125.00 |
| Registered Account transferred out per deposit (TFSA, T2033) |
$75.00 outgoing |
| Trade Enquiry (TFSA, T2033) | $10.00 |
| Unlocking LIRA (50% Unlocking/Small Balance Unlocking) | $100.00 |
| Fee Type | Fee Details |
| CUMIS Insurance Refund |
$50.00 minimum administration fee |
| Loan Interest Statement | $15.00 |
| Delinquent Notice | $45.00 |
| Lien Searches | $20.00 + tax |
| Loan Add Back Fee | $45.00 |
| Loan Extension Fee | $45.00 |
| Loan Processing Fee |
$150.00 |
| Fee Type | Fee Details |
| Appraisal, Drive By performed by Credit Union | $200.00 |
| Appraisal performed by Professional FULL | Cost to Member |
| Bridge Financing | $350.00 (updating to $500.00 as of June 1, 2025) |
| First Canadian Title Fee | Cost + $100.00 |
| Mortgage Processing Fee | $125.00 |
| Mortgage & Loan Interest Statements | $15.00 |
| Mortgage Amendment Fee (inc. subordination agreement) | $250.00 |
| Mortgage - Early Renewal (Blend & Extend) | Min. $150.00 |
| Mortgage Discharge | $350.00 |
| Property Tax not paid/fire insurance cancelled | $75.00 |
| Construction Mortgage Processing | $500.00 |
| Construction Mortgage Draws |
$150.00 each for first 3, $250.00 each after |
| Fee Type | Fee Details |
| Bank Confirmation | $30 |
| Balance of Account Request |
$30.00+ membership closure fee (if applicable) |
| Balance of Account Letter | $10 |
| Information Search |
$30.00/hr, $15.00 minimum |
| Statement, Duplicate or Interim | $5.00 |
| E-statement | FREE |
| Cheque Images | FREE |
| Paper Statement | $2.50 |
| Passbook - Monthly Fee | $1.00 (updating to $2.50 on June 1, 2025) |
| Fax/Scan Fees | $3.00 each |
| Fee Type | Fee Details |
| 1.5" x 5": Smallest | $50.00 plus HST |
| 2.5" x 4.5", 2.5" x 5", 3" x 5", 3.5" x 5": Small | $50.00 plus HST |
| 5" x 5", 2.5" x 10", 3" x 10": Medium | $85.00 plus HST |
| 10" x 10": X-Large | $250.00 plus HST |
| SDB Drill | $100.00 plus cost |
| SDB Key Replacement | $35.00 |
| Fee Type | Fee Details |
| Interac e-Transfers | $1.503 |
| In-branch Transfer | $1.00 |
| Outgoing Wire Transfer |
0-$20,000: $25.00
As of June 1, 2025: $30.00 |
| Incoming Wire Transfer |
$12.50 + Wire provider fee (Updating to a flat fee of $25 as of June 1, 2025) |
| Fee Type | Fee Details |
| Daily Overdraft - Authorized PCA service charge | $6.00 |
| Credit Bureau | N/A |
| Loan/Mortgage Discharge Fee | $200.00 |
| Commitment Fee |
0.5% +/- determined by Commercial |
| Letter of Credit |
0.5% +/- determined by Commercial Credit Manager |
| Loan Processing Fee |
Determined by Commercial Credit Manager |
| PPSA Discharges | $300 |
| PPSA Renewals | $52.00 + tax |
| PPSA Searches | $20.00 + tax |
| Partial Discharge Fee | $300.00 |
| Mortgage Renewal |
determined by CCM |
| Transfer of Mortgage to other FI | $500.00 |
| Monthly Credit Facility Review | $30.00 minimum |
| LOC Monthly Fee |
TBD at time of commitment |
| Annual Review Fee | $100 minimum |
| Late Submission of Financial/ Taxes |
$300 per occurrence, |
| Fee Type | Fee Details |
| Inactive Membership |
2 years inactive: $35.00 or balance of account
Unclaimed funds processing fee: $200.00 |
| Membership Closure | $20.00 (within 90 days) |
