Service Fees – General

Libro offers accounts for personal or business banking, with reliable and convenient services to meet your individual needs. Our fees below outline applicable charges related to your banking activities.
Questions? Talk to a Libro Coach today.

Home Rates and Fees General Fees

Notice of Fees Changing October 31, 2024

Please note we are introducing a $2.50 fee for paper statements, starting with October statements. Contact your branch or Libro Connect 1-800-361-8222 for more information. Sign in to Online Banking and go paperless to avoid this fee.

General Service Fees

ATM Network Fees Automated Funds Transfer Processing Bank Drafts, Foreign Notes, Wires Bill Payments Business Cash Management Services Chequing Account Related Fees Early Redemption Account Closure Miscellaneous Fees Safe Deposit Box

ATM Network Fees

Service	Fees	Description
Interac ATM Withdrawals
Libro Owner	$1.00	5 free per month for chequing accounts
Non-Owner	$2.50	Charged to non-Owners who use Libro ATMs
PLUS System ATM Withdrawal	$3.00

Automated Funds Transfer Processing

Service	Fees	Description
Automated Funds Transfer Program
Setup fee	$175.00	One time.
Per additional Originator ID	$75.00	Per item.
Automated Funds Transfer File upload/Data Entry
Manual Release	$20.00 per file $0.15 per item	File Processing Fee Per Item Charges will be applied at the start of the next month
Automatic Release	$60.00** $0.15 per item	File Processing Fee Per Item Charges will be applied at the start of the next month **Please note the file processing fee will apply every month even if no files are processed
2-Step Security
Hard Token	$30.00	A physical device that generates a random one-time code when activated. Hard tokens have a battery life of 2-3 years and will have to be replaced as required at Owner’s expense.
Soft Token	Free	An app installed on a user’s trusted mobile device.

Bank Drafts, Foreign Notes, Wires

Service	Fees	Description
Outgoing Wire
Wire-USD	$50.00	USD
Wire-CAD or Foreign Currency	$50.00	CAD
Wire Investigation/Trace	$40.00	CAD
Incoming Wire
Wire-USD	$17.50	USD
Wire-CAD	$17.50	CAD
Bank Drafts
Libro Bank Draft	$10.00	CAD
Libro Bank Draft/Western Union Draft	$10.00	USD
Foreign Currency Drafts (Incoming and Outgoing)	$20.00	CAD
Foreign Notes
Foreign Banknotes – Shipped and Ordered	$10.00 (Plus delivery fees if applicable.)	CAD

Bill Payments

Service	Fees	Description
Online
Bill Payment – Electronic	Free*	Per item.
Bill Payment Error/Trace	$20.00	Per item.
In Branch
Personal Account	Free*	Per item.
Business Account	$1.00*	Per item.

*Bill payment fees do not reflect any account transaction fees that may apply.

Business Cash Management Services

Service	Fees	Description
Commercial Online Banking	Free – $30.00	Setup fee. – Per month.
Commercial Remote Deposit Capture	$60.00 – $40.00 $20.00 $2.00 $25.00	Setup fee. – Per month. Add new account. Remove account. Close CRDC service.
Bill Payment Remittance Processing Consolidated Service	$1000.00 – $50.00 – $0.05	Setup fee. – Per month. – Per transaction. (Libro Owner is added to the biller lists of all financial institutions in Canada. Expanded service allows Owners to collect funds from any customer banking at any other financial institution via branch, telephone and online banking. Additional fees may be charged from other financial institutions.)

Service

Fees

Description

Commercial Online Banking

Free

–

$30.00

Setup fee.

–

Per month.

Commercial Remote Deposit Capture

$60.00

–

$40.00

$20.00

$2.00

$25.00

Setup fee.

–

Per month.

Add new account.

Remove account.

Close CRDC service.

Bill Payment Remittance Processing Consolidated Service

$1000.00

–

$50.00

–

$0.05

Setup fee.

–

Per month.

–

Per transaction.

(Libro Owner is added to the biller lists of all financial institutions in Canada. Expanded service allows Owners to collect funds from any customer banking at any other financial institution via branch, telephone and online banking. Additional fees may be charged from other financial institutions.)

Chequing Account Related Fees

Service	Fees	Description
Certify Cheque for Owner	$15.00	Per cheque
Certify Cheque/Cash Cheque for a Non-Owner	$20.00	Per cheque
Charge Back for Collection	$25.00	Per item
Charge Back to Account	$6.00	Per item
Counter Cheques	$2.00	Page of 4 cheques, excluding temporary cheques issued for new accounts.
Non Sufficient Funds (NSF) Cheque / Non Sufficient Funds Processing (NSFP) Electronic	$50.00 – $45.00	CAD – USD
Other Returned Cheque	$7.00	Per item
Stop Payment Placement Fee	$10.00 – $12.00	CAD – USD
Stop Payment Return Fee	$5.00 – $6.00	CAD – USD
Unauthorized Overdraft (Cheque or Automated Funds Transfer) – Unauthorized Overdraft – Month-end Service fee – Unauthorized Overdraft Rate	$5.00 – $5.00 – 30%	Handling fee – Monthly fee – Annual interest rate charged monthly on temporary unauthorized overdraft amounts not resolved by Coverdraft or outside of the authorized overdraft limit.
USD Item Drawn on CAD Account	$15.00	Per item
Western Union Draft Stop Payment (USD or Foreign)	$25.00	Per item

Early Redemption, Account Closure

Service	Fees	Description
Balance of Account to Other Financial Institution	$20.00
Close Personal/Business Ownership	$20.00	Owner closes ownership within 90 days of opening.
Close Inactive Account	$20.00	No Owner deposit, account activity for at least one year with no response to inquiry or acknowledgement. From 2 years to 5 years there will be an annual charge.
Close Dormant Account	$35.00	Both inactive and lost contact. Accounts are considered dormant 6 years after the Owner’s last transaction.
Registered Account Short Term Closure	$50.00	Owner closes contract within 90 days of opening.
RSP Withdrawal Fee	$50.00	Per item, first withdrawal per month is free.
Registered Account Transfer Fee	$75.00	Owner transfers RRSP, RRIF, TFSA or RESP to another financial institution.
GIC Early Withdrawal Interest Penalty	$100.00*	Owner makes a withdrawal from a term deposit (RRSP, TFSA, non-registered, etc.) before maturity.

*Minimum fee. All early withdrawals require approval.

Miscellaneous Fees

Service	Fees	Description
Bank Confirmations	$30.00	Accountants may request bank confirmations to verify that the bank statements provided by their client are accurate and up to date.
Paper statement	$2.50	NEW fee effective October 31, 2024 Fee is per printed statement per statement cycle.
Documents
Copies	$50.00	Per additional copy, duplicates and changes at Owner request.
If dated less than 90 days	$5.00	Per item
If dated past 90 days	$10.00	Per item
Per hour	$30.00	For large volume branches
Interim Statement/Print Account History
In branch	$1.00	Per item
Mail	$2.50	Per item
Photocopying	$0.25	Per page

Safe Deposit Box

Service	Fees	Description
Safe Deposit Box Rental Fee	Per year (not including HST) ($20 off with Premium Chequing)	Dimensions (area of box front)
Small	$45.00	(1.5 X 5, 2 x 5)
Medium	$45.00	(2.5 X 5, 3 x 5, 3.25 X 5, 3.5 x 5)
Large	$80.00	(3 x 10, 5 x 5, 2.5 x 10)
X-Large	$140.00	(5 x 10, 5 X 10.375, 5 x 10.75)
XX-Large	$240.00	(10 x 10, 10 X 10.375)
Lost Keys	$25.00	Per key