On April 1, 2023, Revelstoke Credit Union will be making the following Account and Service Fee changes. For our Members with the RCU PowerPlus Chequing Account, this account will transition to the PowerPlus Account.
| Product | Change effective April 1, 2023 |
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PowerPlus Chequing will transition to a competitive product that focuses on electronic financial transactions and digital banking. The monthly fee will be reduced, PowerPlus Chequing Account holders will be moved into PowerPlus automatically. Please contact RCU if this change does not fit your needs. |
PowerPlus – Unlimited electronic transactions for $15.95/month including Etransfers, ATM, POS and Automatic Debits Additional charges – $1.50 for paper-based transactions including withdrawals, bill payments and in branch transactions. If needed, 4 Counter Cheques can be prepared for $5.00 and a $5.00 processing fees will apply per cheque |
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"Bank" Drafts (Revelstoke Credit Union is a Provincially regulated financial institution, not a Chartered ‘Bank’. The BC Financial Services Authority ensures that credit unions operate under sound business practices and maintain quality assets, thereby minimizing the risk of loss.) |
"Bank" Drafts increase from $7.50 to $9.50 |
|
Counter Cheques |
Counter cheques increase from $4/sheet of 4 to $5.00/sheet |
|
Cheques originating form an RCU account cashed by a non-Member of RCU |
A $5.00 fee to be charged for cashing cheques that originate from an RCU account for non-Members. |
|
Bridge financing fee |
1% fee |
| Foreign Cash Purchases |
A $15.00 charge will be implemented |
| Change of signor fee for Organizations |
One(1) change per year at no charge $35.00/ signor change after one free change |
