Notice of Fees Changing March 1, 2024
Fees for wires (incoming and outgoing) and some of our Business Cash Management Services have changed see the table below for more information.
General Service Fees
ATM Network Fees
Service |
Fees |
Description |
|---|---|---|
Interac ATM Withdrawals |
||
Libro Owner |
$1.00 |
5 free per month for chequing accounts |
Non-Owner |
$2.50 |
Charged to non-Owners who use Libro ATMs |
PLUS System ATM Withdrawal |
$3.00 |
Automated Funds Transfer Processing
Service |
Fees |
New Fee effective: March 1, 2024 |
Description |
|---|---|---|---|
Automated Funds Transfer Program |
|||
Setup fee |
$175.00 |
One time. |
|
Per additional Originator ID |
$75.00 |
Per item. |
|
Automated Funds Transfer File upload/Data Entry |
|||
Manual Release |
$15.00 $0.10 |
$20.00 per file $.15 per item
|
File Processing Fee Per Item Charges will be applied at the start of the next month |
Automatic Release |
$60.00 $0.10 |
$60.00** $.15 per item |
File Processing Fee Per Item Charges will be applied at the start of the next month **Please note the file processing fee will apply every month even if no files are processed |
2-Step Security |
|||
Hard Token |
$20.00 |
$30.00 |
A physical device that generates a random one-time code when activated. Hard tokens have a battery life of 2-3 years and will have to be replaced as required at Owner’s expense. |
Soft Token |
Free |
An app installed on a user’s trusted mobile device. |
Bank Drafts, Foreign Notes, Wires
Service |
Fees |
New Fee Effective: March 1, 2024 |
Description |
|---|---|---|---|
Outgoing Wire |
|||
Wire-USD |
$35.00 |
$50.00 |
USD |
Wire-CAD or Foreign Currency |
$35.00 |
$50.00 |
CAD |
Wire Investigation/Trace |
$30.00 |
$40.00 |
CAD |
Incoming Wire |
|||
Wire-USD |
$15.00 |
$17.50 |
USD |
Wire-CAD |
$15.00 |
$17.50 |
CAD |
Bank Drafts |
|||
Libro Bank Draft |
$10.00 |
CAD |
|
Libro Bank Draft/Western Union Draft |
$10.00 |
USD |
|
Foreign Currency Drafts (Incoming and Outgoing) |
$20.00 |
CAD |
|
Foreign Notes |
|||
Foreign Banknotes – Shipped and Ordered |
$10.00 (Plus delivery fees if applicable.) |
CAD |
Bill Payments
Service |
Fees |
New Fee Effective: March 1, 2024 |
Description |
|---|---|---|---|
Online |
|||
Bill Payment – Electronic |
Free* |
Per item. |
|
Bill Payment Error/Trace |
$15.00 |
$20.00 |
Per item. |
In Branch |
|||
Personal Account |
Free* |
Per item. |
|
Business Account |
$1.00* |
Per item. |
*Bill payment fees do not reflect any account transaction fees that may apply.
Business Cash Management Services
Service |
Fees |
New Fee effective March 1, 2024 |
Description |
|---|---|---|---|
Commercial Online Banking |
Free – $30.00 |
Setup fee. – Per month. |
|
Commercial Remote Deposit Capture |
$50.00 – $35.00 $15.00 $2.00 $25.00 |
$60.00 – $40.00 $20.00 |
Setup fee. – Per month. Add new account. Remove account. Close CRDC service. |
Bill Payment Remittance Processing Consolidated Service
|
$500.00 – $25.00 – $0.05 |
$1,000 – $50 – $.05 |
Setup fee. – Per month. – Per transaction. (Libro Owner is added to the biller lists of all financial institutions in Canada. Expanded service allows Owners to collect funds from any customer banking at any other financial institution via branch, telephone and online banking. Additional fees may be charged from other financial institutions.) |
Chequing Account Related Fees
Service |
Fees |
Description |
|---|---|---|
Certify Cheque for Owner |
$15.00 |
Per cheque |
Certify Cheque/Cash Cheque for a Non-Owner |
$20.00 |
Per cheque |
Charge Back for Collection |
$25.00 |
Per item |
Charge Back to Account |
$6.00 |
Per item |
Counter Cheques |
$2.00 |
Page of 4 cheques, excluding temporary cheques issued for new accounts. |
Non Sufficient Funds (NSF) Cheque / Non Sufficient Funds Processing (NSFP) Electronic |
$50.00 – $45.00 |
CAD – USD |
Other Returned Cheque |
$7.00 |
Per item |
Stop Payment Placement Fee |
$10.00 – $12.00 |
CAD – USD |
Stop Payment Return Fee |
$5.00 – $6.00 |
CAD – USD |
Unauthorized Overdraft (Cheque or Automated Funds Transfer) – Unauthorized Overdraft – Month-end Service fee – Unauthorized Overdraft Rate |
$5.00 – $5.00 – 30%
|
Handling fee – Monthly fee – Annual interest rate charged monthly on temporary unauthorized overdraft amounts not resolved by Coverdraft or outside of the authorized overdraft limit. |
USD Item Drawn on CAD Account |
$15.00 |
Per item |
Western Union Draft Stop Payment (USD or Foreign) |
$25.00 |
Per item |
Early Redemption, Account Closure
Service |
Fees |
Description |
|---|---|---|
Balance of Account to Other Financial Institution |
$20.00 |
|
Close Personal/Business Ownership |
$20.00 |
Owner closes ownership within 90 days of opening. |
Close Inactive Account |
$20.00 |
No Owner deposit, account activity for at least one year with no response to inquiry or acknowledgement. From 2 years to 5 years there will be an annual charge. |
Close Dormant Account |
$35.00 |
Both inactive and lost contact. Accounts are considered dormant 6 years after the Owner’s last transaction. |
Registered Account Short Term Closure |
$50.00 |
Owner closes contract within 90 days of opening. |
RSP Withdrawal Fee |
$50.00 |
Per item, first withdrawal per month is free. |
Registered Account Transfer Fee |
$75.00 |
Owner transfers RRSP, RRIF, TFSA or RESP to another financial institution. |
GIC Early Withdrawal Interest Penalty |
$100.00* |
Owner makes a withdrawal from a term deposit (RRSP, TFSA, non-registered, etc.) before maturity. |
*Minimum fee. All early withdrawals require approval.
Miscellaneous Fees
Service |
Fees |
Description |
|---|---|---|
Bank Confirmations |
$30.00 |
Accountants may request bank confirmations to verify that the bank statements provided by their client are accurate and up to date. |
Copy of Statement |
$2.50 |
Printed in branch |
Documents |
||
Copies |
$50.00 |
Per additional copy, duplicates and changes at owner request. |
If dated less than 90 days |
$5.00 |
Per item |
If dated past 90 days |
$10.00 |
Per item |
Per hour |
$30.00 |
For large volume branches |
Interim Statement/Print Account History |
||
In branch |
$1.00 |
Per item |
$2.50 |
Per item |
|
Photocopying |
$0.25 |
Per page |
Safe Deposit Box
Service |
Fees |
Description |
|---|---|---|
Safe Deposit Box Rental Fee |
Per year (not including HST) ($20 off with Premium Chequing) |
Dimensions (area of box front) |
Small |
$45.00 |
(1.5 X 5, 2 x 5) |
Medium |
$45.00 |
(2.5 X 5, 3 x 5, 3.25 X 5, 3.5 x 5) |
Large |
$80.00 |
(3 x 10, 5 x 5, 2.5 x 10) |
X-Large |
$140.00 |
(5 x 10, 5 X 10.375, 5 x 10.75) |
XX-Large |
$240.00 |
(10 x 10, 10 X 10.375) |
Bio- small |
$96.00 |
(3 x 9.5 x 15) |
Bio Large |
$216.00 |
(7 x 9.5 x 15) |
Lost Keys |
$25.00 |
Per key |
Fees Changing
Service |
Current Fee |
New Fee effective: March 1, 2024 |
|---|---|---|
Wires (all currencies)
|
$15 per item $35 per item $30 |
$17.50 per item $50 per item $40 |
Xe self-serve wires for business
|
$35 per item |
$50 per item |
Automated Funds Transfer Service for Business
Manual file
Automatic file |
$15.00 $.10
$60.00 $.10 |
$20.00 per file File Processing Fee $.15 per item Per item Charges will be applied at the start of the next month
$60.00** File Processing Fee $.15 per item Per item Charges will be applied at the start of the next month **Please note the file processing fee will apply every month even if no files are processed |
Commercial Remote Deposit Capture For Business
|
$50 $15 $35 |
$60 $20 $40 |
Bill Payment Remittance Processing Service For Business
|
$500 $25 $.05 |
$1000 $50 $.05 |
Bill Payment Error/Trace |
$15.00 |
$20.00 |
Questions?
Discuss account options and benefits to reach your financial goals.