There’s an account called USD Chequing on my list of accounts. What is it?

We merged two products, US Dollar Savings and US Dollar Chequing, which are no longer for sale. From May through July 2016, we notified members who hold these accounts about this change. In most cases, unless members requested otherwise, we opened a new USD Chequing account to replace the old account. This change happened when we upgraded our banking system on November 9, 2016.

For account details, refer to the Personal Service Charge Bulletin.

US Dollar Savings

With the USD Chequing account, you’ll earn interest and you’ll have three new ways to access your money. You can write cheques (50¢ US per transaction, plus the cost of cheques) and make online transfers (no charge) between US and Canadian currency Vancity accounts. Plus, you’ll get one Free Everyday Transaction each month.

Rest assured that your account access has not changed. For example, any preauthorized payments, payroll and other direct deposits will continue on.

US Dollar Chequing

With the USD Chequing account, there’s no monthly package charge and you’ll continue to get 1 free Everyday Transaction per month. Then, you’ll pay 70¢ US for each Everyday In-Person Transaction and 50¢ US for each Everyday Cheque Transaction (you’re currently paying 65¢ for both). Plus, you’ll earn interest in this account.

Rest assured that your account access has not changed. For example, any cheques, preauthorized payments, and payroll and other direct deposits will continue on.

You can continue to use the same cheques from your US Dollar Chequing account. They will work with your new USD Chequing account.

Go to vancity.com