Service Fees – General
Libro offers accounts for personal or business banking, with reliable and convenient services to meet your individual needs. Our fees below outline applicable charges related to your banking activities.
Questions? Talk to a Libro Coach today.
ATM Network Fees
| Service | Fees | Description |
|---|---|---|
| Interac ATM Withdrawals | ||
| Libro member | $1.00 | 5 free per month for chequing accounts |
| Non-member | $2.50 | Charged to non-Members who use Libro ATMs |
| PLUS System ATM Withdrawal | $3.00 | |
Automated Funds Transfer Processing
| Service | Fees | 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 | $20.00 per file; $0.15 per item | File Processing Fee; Per Item; Charges will be applied at the start of the next month |
| Automatic Release | $60.00**; $0.15 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 | $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 Member's expense. |
| Soft Token | Free | An app installed on a user's trusted mobile device. |
Bank Drafts, Foreign Notes, Wires
| Service | Fees | Description |
|---|---|---|
| Outgoing Wire | ||
| Wire-USD | $50.00 | USD |
| Wire-CAD or Foreign Currency | $50.00 | CAD |
| Wire Investigation/Trace | $40.00 | CAD |
| Incoming Wire | ||
| Wire-USD | $17.50 | USD |
| Wire-CAD | $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 | Description |
|---|---|---|
| Online | ||
| Bill Payment – Electronic | Free* | Per item. |
| Bill Payment Error/Trace | $20.00 | Per item. |
| In Branch | ||
| Personal Account | Free* | Per item. |
| Business Account | $1.00* | Per item. |
Business Cash Management Services
| SERVICE | FEES | DESCRIPTION |
|---|---|---|
| Commercial Online Banking | Free – $30.00 |
Setup fee. – Per month. |
| Commercial Remote Deposit Capture | $60.00 – $40.00 <br $20.00 $2.00 $25.00 |
Setup fee. – Per month. Add new account. Remove account. Close CRDC service. |
| Bill Payment Remittance Processing Consolidated Service | $1000.00 – $50.00 – $0.05 |
Setup fee. – Per month. – Per transaction. (Libro member is added to the biller lists of all financial institutions in Canada. Expanded service allows member 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 Member | $15.00 | Per cheque |
| Certify Cheque/Cash Cheque for a Non-Member | $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 | Member closes ownership within 90 days of opening. |
| Close Inactive Account | $20.00 | No Member 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 Member’s last transaction. |
| Registered Account Short Term Closure | $50.00 | Member closes contract within 90 days of opening. |
| Registered Account Withdrawal Fee | $50.00 | Per withdrawal. |
| Registered Account Transfer Fee | $100.00 | Member transfers RRSP, RRIF, TFSA or RESP to another financial institution. |
| GIC Early Withdrawal Interest Penalty | $100.00* | Member makes a withdrawal from a term deposit (RRSP, TFSA, non-registered, etc.) before maturity. |
| CRA Registered Amendment Fees | Varies | Per CRA charges to Libro, carried to Member. |
| Amalgamation of Accounts | $50/Account | Member consolidates multiple active accounts into one portfolio. |
| Estate Settlement Fee | Max. $250/Estate |
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. |
| Paper statement | $2.50 | Fee is per printed statement per statement cycle. |
| Printed Duplicate Tax Slip | $2.50 | Per item |
| Investigative Research Fee | $50/hour | Member requests investigation into specific transactions or account activity. |
| Documents | ||
| Copies | $50.00 | Per additional copy, duplicates and changes at Member 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) |
| Lost Keys | $25.00 | Per key |
Service Fees
Business Account Fees
Specific service charges for farm/business and community accounts.
Personal Account Fees
Specific charges for chequing and savings accounts.
Questions?
Discuss account options and benefits to reach your financial goals.
