Valley First

Business Service Fee Guide

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

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Account Related Fees

Account Related Fees / EFT


Chargeback of returned item (Except NSF)
Cheque drawn in U.S. funds on CAD account <1,000
Close account within 90 days
Cheque cashing (non-member)
Order cheques
One-time fee after 18 months of inactivity
Inactive accounts (per month after 18 years)
Interim Statement
Non-Sufficient Funds (per returned item)
Coverdraft Fee
Overdraft Charge (per item)
Stop Payment (all types)
Transfer-Out Balance of Account
Unqualified Item Cleared
ATM deposit discrepancies
Failed Auto Fee
$6.00
$10.00
$25.00
$5.00
Variable
$42.50
$2.50
$5.00
$45.00
$5.00
$5.00
$13.00
$25.00
$10.00
$5.00
$5.00

Electronic Funds Transfer (EFT)
powered by PaymentStream


New EFT service set up fee
Manual file transmission (cost per release)
Automatic transmission (cost per month)
EFT change request
$200.00
$10.00
$50.00
$25.00

Wire Transfer


Send CAD funds within Canada
Send CAD funds to other countries
Receive CAD Funds
Send USD funds to USA (fee in USD)
Send USD funds to other countries (fee in USD)
Receive USD Funds (fee in USD)
Send currency other than CAD or USD to all countries
$22.00
$27.00
$12.00
$24.50
$27.00
$14.50
$22.00

Member Service Fees

Member Service Fees


Bank Confirmation – standard
Bank Confirmation – comprehensive (min $50)
Official Cheque – requested by member
Official Cheque – requested by third party
Item held for collection
Item sent on collection
Post-dated item held for processing (excl. loan)
Record Searches – per item
Record Searches – extensive (min $25)
Transfer between accounts – telephone request
Third-Party Demand/Garnishee (fee + $20 per official cheque)
$30.00
$50.00/hr
$8.00
$20.00
$30.00
$20.00
$3.00
$3.00
$50.00/hr
$5.00
$50.00

Foreign Exchange


Bank Draft – International
Bank Draft – U.S. (fee: USD/CAD)
Buy or Sell Foreign Currency (fee + cost)
Cash Foreign Cheques/Drafts (fee + cost)
$8.00
$8.00
$0.00
$10.00

Everything Else

Miscellaneous


Loan Fees
Lines of Credit
Payment Alteration
Agreement for Sale – per payment
Mortgage discharge (prepared by lawyer)
Mortgage discharge (prepared by Valley First)
Property Inspections – by staff
Land Title Searches
Letters of Credit (min. $100)
Registration Certificate of Title
Search & Registration – Security Agreements
Search Fee – PPSA (Member Request)
Statement of Interest Paid
Photocopies (fee per page)
Variable
Variable
$25.00
$5.00
$200.00
$250.00
Variable
$25.00
Variable
$100.00
Variable
Variable
$30.00
$0.50

Night Deposit Fees


Night Deposit (Annual fee)
Night Deposit Lost Key
Night Deposit (100 bags)
$0.00*
$15.00*
$30.00*

BizSimple™ Cheque Deposit


Monthly fee per scanner
Setup fee
Per additional unlisted transit
Add additional account
Remove account
Remove unlisted transit
$35.00
$90.00**
$90.00
$20.00
$5.00
$30.00

Safe Deposit Boxes


1.5" x 5" (price/year—excluding taxes)
2.5" x 5" (price/year—excluding taxes)
3.25" x 5" (price/year—excluding taxes)
2.5" x 10" (price/year—excluding taxes)
5" x 5" (price/year—excluding taxes)
5" x 10" (price/year—excluding taxes)
10" x 10" (price/year—excluding taxes)
Replacement key
Drilling box
$40.00*
$60.00*
$60.00*
$85.00*
$85.00*
$150.00*
$250.00*
$20.00*
$200.00*

 

*applicable taxes may apply to some services.
**includes 1 unlisted transit and up to 10 accounts.