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.

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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

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 Owner’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.

*Bill payment fees do not reflect any account transaction fees that may apply.

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

$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 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.)

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

Mail

$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)

  • Incoming
  • Outgoing
  • Trace request

 

$15 per item

$35 per item

$30

 

$17.50 per item

$50 per item

$40

Xe self-serve wires for business

  • Outgoing

 

$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

  • Set-up fee
  • Add new account
  • Monthly fee

 

$50

$15

$35

 

$60

$20

$40

Bill Payment Remittance Processing Service For Business

  • Set up fee
  • Monthly fee
  • Per item fee

 

$500

$25

$.05

 

$1000

$50

$.05

Bill Payment Error/Trace 

$15.00

$20.00

Service Fees

Business Account Fees

Specific service charges for farm/business community accounts.

Personal Account Fees

Specific charges for chequing and savings accounts.

Questions?

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