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Service Fee Changes Effective March 31, 2010
| MCAP Service Fees (Revised March 31, 2010) |
| Mid-term changes |
$78 |
| Hold-a-payment |
$78 |
| Skip-a-payment |
$78 |
| Return payments |
$95 |
| Discharge 2 |
$320 |
| Transfer3 |
$320 |
| Lapse in Fire Insurance (New) |
$250 every 3 months |
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Current Service Fees
| MCAP Service Fees |
| Privilege payments |
No charge |
| Renewal1 |
No charge |
| Early renewal |
$75 |
| Mid-term changes |
$75 |
| Hold-a-payment |
$75 |
| Skip-a-payment |
$75 |
| Amortization schedule |
No charge |
Return payments
(includes but not limited to NSF, Stopped payments, Funds Not Cleared) |
$88.50 |
| Assumption and change of covenant |
$250 |
| Refinance and porting |
$150 |
| Discharge 2 |
$300 |
| Assignment/transfer3 |
$300 |
| Information Statement |
$20 |
| Additional statement reprint |
$25 |
| Reinvestment4 : |
|
| Year one |
$500 |
| Year two |
$400 |
| Year three |
$300 |
- A fee can be charged in the event of poor repayment history.
- Excluding Alberta and Quebec, where there is no fee; in British Columbia, the fee is $75.
- Excluding Quebec, where there is no fee; the fee in Newfoundland is $50, and the fees in Nova Scotia and PEI are $25.
- For new mortgages committed on or after March 31, 2008 and for renewals offered on or after March 31, 2008.
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| MCAP Account Charges (Revised November 2007) |
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Charges
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Canada |
USA/International |
| ABM Withdrawal** |
$1.50 |
$2.00 |
| ABM Balance Inquiry |
$0.50 |
$0.75 |
| Point of Sale Transaction |
$0.65 |
$1.25* |
| Online Transfer |
$1.50 |
N/A |
| Telephone Assisted Transfer |
$1.50 |
N/A |
* Where available.
**Please note some ABM machines may impose an additional surcharge to access cash via their network.
Note: We reserve the right to change our fees at any time, without notice
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