Chequing account · Servus Credit Union
Servus Personal Essential Plan: fees and true cost
Servus Credit Union’s Servus Personal Essential Plan charges $3.95–$16.95/mo, or $0 with a $4,000 minimum balance, with unlimited transactions. For our “Everyday” example that comes to $221 a year, #24 of 52 chequing accounts offered in Alberta.
Provincial insurerOffered in AB
Fees retrieved November 1, 2026
What it would cost you in a year
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $203 | Monthly fee $16.95 | 38 of 52 |
| Everyday Household account, a few e-Transfers | $221 | Monthly fee $16.95 | 24 of 52 |
| Heavy Lots of card, bill and e-Transfer payments | $239 | Monthly fee $16.95 | 24 of 52 |
| Branch and cheques Teller visits, cheques, paper statement | $233 | Monthly fee $16.95 | 29 of 43 |
Try your own numbers in the true-cost finder. Is keeping $4,000 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $3.95–$16.95/mo, or $0 with a $4,000 minimum balance |
| Included transactions | Unlimited |
| Debit purchase in Canada (beyond included) | $1.50 |
| Online or mobile bill payment | $1.50 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $1.50 |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $3.00 |
| In-branch withdrawal | $1.50 |
| Bill payment in branch | $1.50 |
| Cheque (as a payment) | $1.50 |
| Mailed monthly statement | $2.50 |
| Non-sufficient funds (NSF) | $48.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
A flexible banking plan that offers the peace of mind of an account that adapts to your monthly usage and at the top tier allows for unlimited account transactions and unlimited Interac e-Transfers®. Account details $3.95 to $16.95 monthly fee Fee based on monthly usage $3.95: Up to 15 $11.95: Up to 60 $16.95: Unlimited Fee waived with $4,000 min. monthly balance 1 free non-credit union ATM withdrawal (in Canada)
Is the money protected?
Provincial deposit insurer. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Cheaper for everyday use, at other institutions
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- Personal Account (EQ Bank) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at Servus Credit Union
- Servus 17-25 Be Free Plan — No monthly fee
- Servus Personal Basic Plan — $3.95/mo, no balance waiver
- Servus Personal Premium Unlimited Plan — $25.00/mo, or $0 with a $5,000 minimum balance
- Servus Senior Unlimited Plan — No monthly fee
- Servus Youth Plan — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Servus Credit Union’s product page
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