Debit transactions involve money leaving your account, and they can include point-of-sale purchases with your debit card, outgoing Interac e-Transfer®, Interac e-Transfer® fulfil requests, in-branch withdrawals, ATM withdrawals via THE EXCHANGE® & ACCULINK® networks, bill payments, cheque clearing, preauthorized debits (PADI) and more. Valley First and Enderby & District Financial credit card and CUMIS pre-authorized debits or bill payments are free using online banking services and mobile apps.
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TRU ESSENTIALS CHEQUING ACCOUNT
No monthly fee, everyday chequing account.
Is this chequing account right for you?
Right for you if:
- You make regular transactions, electronic bill payments and transfers
It might not be right for you if:
- You want to earn interest
- You make purchases in US Dollars
Tru Essentials Chequing Account Details
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$0 monthly fee |
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First 12 debit transactions FREE:
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No interest is paid on this account. |
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Account fees *Product terms, features and fees are subject to change, and we will provide appropriate notice as applicable and as may be required. Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to see our account & service fees. |
Included with all personal accounts
Manage your money anytime and from anywhere.
Stay informed on account activity with instant account alerts.
What are debit transactions?
Will members under 19 incur fees?
We will continue providing no-fee banking with unlimited transactions for members who are under 19 years old. Starting January 1 of the year the primary account holder turns 20 years old, the standard account features and fees will apply as defined above.
Will seniors incur fees if they exceed 12 transactions per month?
Yes. However, our maximum fee of $9.00 per month offers unlimited transactions including unlimited Interac e-Transfer® which other financial institutions may charge for, even in a free seniors account.
Will I be charged to move money from one account to another?
It is free to move money between your First West Credit Union accounts using our online banking services and mobile apps
Will BIGChange® transactions be included in the limit of 12 transactions per month?
No. BIGChange® rounds up and deposits the difference into your specified eligible account whenever you make a purchase with your debit card. Making a purchase with your debit card will count towards your limit of 12 transactions per month, but BIGChange® deposits are currently free and will not count towards the transaction limit.
How does this account compare with accounts at other financial institutions?
The Tru Essentials chequing account is an industry-leading everyday personal banking product that offers outstanding value. To see how this account compares with similar accounts at other financial institutions, use the Financial Consumer Agency of Canada Account Comparison Tool
Will an alert be triggered when 12 transactions are reached, like balance alert functionality?
This type of functionality is not currently available. However, you can keep an eye on your accounts with account alerts: free and easy-to-set-up digital notifications are an effective way to stay on top of unusual transactions or account activity. Receive an email and/or text message whenever important activity happens on your account, such as when your personal access code changes, or your account balance falls below a certain threshold. Set up alerts in online banking or the mobile app now, see how to set up here.
We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.
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