Agriculture
| Business Chequing Accounts | Agri Basics | Agri Connect | Agri Optimizer |
|---|---|---|---|
| Account Details | |||
| Monthly fee | Min. $5.00 | $16.00 | Varies |
|
Deposits (in branch or self-serve) |
Free | Free | Free |
| In-branch debits |
6 free |
3 free (then $0.90) |
Set amount - varies |
| Self-serve debits | 6 free (then $0.90) |
Unlimited | Set amount - varies (then $0.90) |
| In-branch bill payments | $2.00 | $2.00 | $2.00 |
| Interac e-transfer debits | $1.50 | Free | Free |
| Canadian Non-Credit Union ATM withdrawal |
$2.00 | $2.00 | $2.00 |
| Non-Canadian ATM withdrawal | $3.00 | $3.00 | $3.00 |
| Statement | |||
| Frequency | Monthly | Monthly | Monthly |
| Paper statement including cheque images |
Turned off ($2.00 to opt in) |
Turned off ($2.00 to opt in) |
Turned off ($2.00 to opt in) |
| E-statement | Free | Free | Free |
| Additional Services | |||
| Interest | Tiered | Tiered | Tiered |
| CDN draft | $7.50 | $7.50 | $7.50 |
| US draft | $7.50 | $7.50 | $7.50 |
| Cash orders | $2.00 | $2.00 | $2.00 |
| Hold item to deposit | $2.00/item | $2.00/item | $2.00/item |
| Stop payment with full details | $12.50 | $12.50 | $12.50 |
| Stop payment with partial details | $20.00 | $20.00 | $20.00 |
| Replace Member Card OTC (1 free replacement/year) |
$2.50 | $2.50 | $2.50 |
| Order custom Member Card | $10.00 | $10.00 | $10.00 |
Helping Agricultural Producers
AgriInvest accounts help agricultural producers protect their margin from small declines. Lakeland Credit Union is proud to offer interest bearing AgriInvest accounts. To open an AgriInvest account members just need to bring their Deposit Notice and Account Initiation Form from Agriculture and Agri-Foods Canada.
Each year, producers can make a deposit into an AgriInvest account and receive a matching contribution from federal and provincial governments. To receive the matching grants members must make a deposit within 90 days of receiving the AgriInvest Deposit Notice. Producers have the flexibility to withdraw the funds at any time to cover small margin declines or for risk mitigation and other investments.
AgriInvest is part of the Growing Forward suite of federal-provincial-territorial Business Risk Management Programs. For more information we encourage our members to visit www.agr.gc.ca/agriinvest
Please contact us if you have any questions!
