Island Savings

Service Fee Guide

At Island Savings, we like to make things simple for our members—so here is a handy list that you can reference for account related service fees.

Get Free Banking!

Simplify your finances with a Simply Free Account®—it's simple, and free!

Learn more

Member Service Fees

Account Related Fees

Account closing (within 90 days)
Transfer balance of account
Bank confirmation - standard
Bank confirmation - comprehensive (per hour)
Change of signer
Cheque retrieval - in branch
Cheque retrieval - comprehensive (per hour)
Record search - in branch
Record search - comprehensive (per hour)
Coverdraft
Chargeback
Non-sufficient funds (NSF) cheque
Unauthorized overdraft charges (per item)
Overdraft protection (per month)
Item held for collection
Postdated cheques (per item)
Inactive account (per month after 2 years)
Failed auto fee
Order duplicate printed statement
In-branch statement printout
Third party demand (per official cheque)
Third party demand - admin
Stop payment (in-branch & electronic)
Counter cheque - encoded (per 4 cheques)
Order cheques - 50
Order cheques - 100
Unencoded cheque
Cheque written in U.S. funds on CAD account
Foreign currency / Cheque ATM deposit
Utility bill trace
Administer and settle estate account
Telephone request to transfer funds between accounts
$25.00
$25.00
$30.00*
$50.00
$25.00
$3.00
$50.00
$3.00
$50.00
$5.00
$6.00
$45.00
$5.00
$2.00
$20.00
$3.00
$2.50
$5.00
$50.00
$5.00
$20.00
$50.00
$13.00
$2.00
$43.54
$45.64
$10.00
$10.00
$5.00
$15.00
$100.00
$5.00

Official Cheque & Draft Fees


Official cheque
Canadian and U.S. drafts
Foreign currency drafts
$8.00
$8.00
$8.00

RRSP / RRIF / TFSA


Duplicate official receipt
Plan closed within 6 months
Full transfer out and plan closed
Partial transfer of plan
FREE
$50.00
$50.00
$50.00

Wire Transfers


Receive CAD Funds
Receive USD Funds (fee in USD)
Send CAD funds Credit Union to Credit Union
Send CAD funds within Canada
Send CAD funds to other countries
Send USD funds to USA (fee in USD)
$12.00
$14.50
$22.00
$25.00
$25.00
$25.00

Loan and Mortgage Fees

Loan and Mortgage Fees


Loan application
Loan consolidation
Mortgage assumption
Mortgage discharge
Mortgage readvance
Mortgage renewal
Mortgage transfer out
Payment alteration
Substitution of Security
Construction mortgage fee
Construction mortgage advance
Construction mortgage stand by fee (per month)
Title search
Property survey fee
Property evaluation / appraisal / progress inspection
$75.00
1.00%
$100.00
$75.00
$175.00
$75.00
$75.00
$25.00
$100.00
1.00%
$100.00
0.10%
$25.00
Cost
Cost

Everything Else

Miscellaneous


Letters (bank, immigration, reference, interest)
$30.00*

Night Deposit


Per 100 bags
Lost key replacement
$35.00*
$15.00*

Safety Deposit Boxes


1.5" x 4.5" (price/year—excluding taxes)
1.5" x 5" (price/year—excluding taxes)
2.5" x 5" (price/year—excluding taxes)
4" x 5" (price/year—excluding taxes)
5" x 5" (price/year—excluding taxes)
2.5" x 5" (price/year—excluding taxes)
5" x 10" (price/year—excluding taxes)
Lost key replacement
Drilling safety deposit box
$40.00*
$40.00*
$60.00*
$70.00*
$85.00*
$85.00*
$150.00*
$20.00*
$200.00*
*applicable taxes may apply to some services.