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 / EFT

Account
Related
Fees
Chargeback of returned item (Except NSF) $6.00  
Cheque drawn in U.S. funds on CAD account <1,000 $10.00
Close account within 90 days $25.00
Cheque cashing (non-member) $5.00  
Order cheques Variable
Inactive accounts (per month after 2 years) $2.50  
Interim Statement $5.00  
Non-Sufficient Funds
(per returned item)
$45.00
Coverdraft Fee $5.00  
Overdraft Charge (per item) $5.00  
Stop Payment (all types) $13.00
Transfer-Out Balance of Account $25.00
Unqualified Item Cleared $10.00  
ATM deposit discrepancies $5.00  
Failed Auto Fee $5.00  
Electronic
Funds
Transfer (EFT)
powered by
PaymentStream
New EFT service set up fee $200.00     
Manual file transmission
(cost per release)
$10.00       
Automatic transmission
(cost per month)
$50.00       
EFT change request $25.00       
Wire Transfers
Receive CAD Funds $12.00  
Receive USD Funds
(fee in USD)
$14.50  
Send CAD funds within Canada $22.00   
Send CAD funds to
other countries
$27.00  
Send USD funds
to USA (fee in USD)
$24.50  
Send USD funds to
Canada / other countries
(fee in USD)
$27.00  
Send currency other
than CAD or USD
to all countries
$22.00  

Member Services

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

Foreign Exchange

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

Everything Else

Night
Deposit
Fees
Night Deposit (Annual fee) $0.00*         
Night Deposit Lost Key $15.00*       
Night Deposit (100 bags) $30.00*       
Miscellaneous
Loan Fees Variable     
Lines of Credit Variable     
Payment Alteration $25.00        
Agreement for Sale – per payment $5.00          
Mortgage discharge (prepared by lawyer) $200.00      
Mortgage discharge (prepared by Valley First) $250.00      
Property Inspections – by staff Variable     
Land Title Searches $25.00        
Letters of Credit (min. $100) Variable     
Registration Certificate of Title $100.00      
Search & Registration – Security Agreements Variable     
Search Fee – PPSA (Member Request) Variable     
Statement of Interest Paid $30.00        
Photocopies (fee per page) $0.50          
Safe Deposit
Box
1.5" x 5"
(price/year—excluding taxes)
$40.00*      
2.5" x 5"
(price/year—excluding taxes)
$60.00*      
3.25" x 5"
(price/year—excluding taxes)
$60.00*      
2.5" x 10"
(price/year—excluding taxes)
$85.00*      
5" x 5"
(price/year—excluding taxes)
$85.00*      
5" x 10"
(price/year—excluding taxes)
$150.00*    
10" x 10"
(price/year—excluding taxes)
$250.00*    
Replacement key $20.00*      
Drilling box $200.00*    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*applicable taxes may apply to some services.