First Class Private Banking
Notice
To be eligible for a Basic Banking Account, customers will need to pay in a minimum of $1,000 per month or $6,000 over 6 months
Current Account
Why Get a Basic Banking Account
Get a hassle-free bank account and manage your money 24/7 online or over the phone
Excellent choice for moderate banking needs
Two free withdrawals every month
No monthly fee with a $3,000 minimum daily closing balance
25 transactions every month – including self-serve and teller transactions
MANAGE YOUR MONEY
Helpful Account Services
Overdraft Protection
Manage everyday expenses knowing you won’t be caught short of funds.
Norvalden® E-TRANSFER
All you need is an email address and you can send money to friends and family.
FREE Norvalden® INFOALERTS
Receive an email, text message when important account activity happens.
Global ATM Alliance
Travelling? Use selected ABMs to withdraw cash and avoid paying access fees.
Mobile Wallet
Forgot your wallet? Use your smartphone to pay for small everyday purchases
Visa Pay
A perfect way to send funds to family and friends worldwide.
Core Account Features & Fees
| Monthly Fee | $10.95 mo $6.95 after Seniors Discount |
| Number of debit transactions | 25 |
| Charge for additional debit transactions | $1.25/each additional teller-assisted transaction |
| Minimum daily balance to waive fee | $3,000 minimum |
Account Extras
| Norvalden® InfoAlerts | No charge for Norvalden® InfoAlerts. Your wireless carrier’s standard text messaging fees apply |
| Charge for additional debit transactions | No charge |
| Norvalden® e-Transfer | 2 Free Cider360® e-Transfers per month |
| Teller transactions | 1 FREE teller transaction per month |
| Branded card | Optional Norvalden® Moneyback branded Norvalden® available |
| Cheques | Personalized cheques can be purchased |
| Discounts | Discounted Seniors banking (age 60 and over) |
Record-Keeping Charges may apply for additional record-keeping services
| Paperless | Free |
| Paper Statement | $2.25/month |
| Paper statement with cheque image return | $2.50/month |
Disclaimer
The maximum coverage amount for Critical Illness coverage is $500,000 per Mortgage or for all Mortgages combined. For Life coverage, the maximum coverage amount is $750,000 per Mortgage or $750,000 for all Mortgages combined. The maximum monthly benefit amount for Disability coverage is $3,500 plus your Mortgage Disability premium (including applicable taxes), for up to a maximum of 24 months.
Norvalden are not insurers. All insurance plans are underwritten by independent licensed insurers.
