Chequing Accounts

PenBasic

This account is perfect for members who perform minimal monthly banking transactions and allows you to easily keep track of your cheques with monthly on-line statements. The PenBasic account is one of the lowest cost chequing accounts in the industry. It is a “pay as you go” account with a low monthly fee of $3.50. See attached brochure for account details.

PenPremium

The PenPremium Package Account allows you to make an unlimited amount of monthly debit transactions* for just $14.00/mth and also includes no fee basic cheque orders, 4 No Fee Drafts/month, 15% discount on safety deposit box rentals, free e-statement and cheque image access. See attached brochure for account details.

U.S. Account

This account is designed for members who frequently travel to the United States or who hold assets there. U.S. funds can be withdrawn in cash, in-branch or through the use of cheques, money orders or drafts at a competitive rate. Includes free e-statement and cheque image access. See attached brochure for account details.

Sprowt No Fee Student Banking

Our Sprowt No Fee Student Banking Account offers free chequing and debit transactions, no monthly fee, interest calculated daily and paid monthly, unlimited drafts, no fee cheques, free monthly e-statements and cheque images and unlimited ATM withdrawals and debit transactions per month. That’s right, through our Ding Free ATM network, you won’t be charged for ATM transactions made at any credit union across Canada! You can use Ding Free ATMs just as if they were PenFinancial Credit Union ABMs surcharge free*

The Sprowt Account also includes no minimum balance requirement, free 24/7 on-line and mobile banking, free e-statements, competitive rates on Savings accounts and GICs and a free student MasterCard (OAC). If you’re heading off to college or university and you need a little kick start to help pay for your tuition or those expensive books, be sure to ask us about our low fee student loans and our Sprowt Video Scholarship Contest.

The PenStudent Account is designed for youth aged 12 to 18 and full-time post secondary school students. If you’re over 18, you’ll need to let your branch know that you’re attending post-secondary school in order to take advantage of our no-fee Sprowt Account.

Visit sprowt.ca for more details.

Sprowt Jr.

Our Sprowt jr. account offers the very same benefits as our regular Sprowt.ca account, but is designed specifically for children aged 0 to 12 years. Sprowt jr. accounts are a perfect ‘first account’ to help children understand the value of saving money or budgeting for a special purchase. Your children are never too young to start saving…with Sprowt jr, their savings grow as quickly as they do! Visit sprowt.ca for more details.

PenCommunity

This low fee account is designed for Niagara based non-profit organizations or community groups like youth sports teams, trade or unions groups and school clubs. The PenCommunity Account allows you to make up to 10 debit transactions per month for just $6.50/mth. If a minimum balance of $15,000 is maintained the monthly fee is waived. Includes free monthly e-statement and cheque image access. See attached brochure for more details.

Registered Not-Profit

This low fee account is designed for Niagara based non-profit organizations with a registered charitable organization number. There are no monthly fees, 10 free debit transactions (additional charged at a reduced rate). Includes free monthly e-statements and cheque image access. See attached brochure for details.

PenGolden

This chequing account has been designed specifically for our age 60 or older members. There is no monthly fee and allows you to make unlimited debit transactions* cheque orders and a 15% discount on safety deposit box rentals. Includes free e-statement access and over the counter transactions. See attached brochure for details.

Call or drop in and see us to learn more about our chequing Accounts.

Click here to view our Service Fee Brochure.

 

Learn more about the NO FEE ATM network located across Canada

Learn about our Community Investments and Partnerships

Sprowt NO FEE Student Banking

Are you a Niagara Region Student? Do you like FREE banking? Click here!

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