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Service Fees
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MCAP Service Fees (Revised March 31, 2008) |
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Privilege payments |
No charge |
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Renewal1 |
No charge |
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Early renewal |
$75 |
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Mid-term changes |
$50 |
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Hold-a-payment |
$50 |
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Skip-a-payment |
$75 |
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Amortization schedule |
No charge |
Return payments
(includes but not limited to NSF, Stopped payments, Funds Not Cleared) |
$85 |
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Assumption and change of covenant |
$250 |
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Refinance and porting |
$150 |
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Discharge 2 |
$275 |
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Assignment/transfer3 |
$275 |
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Additional statement reprint |
$25 |
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Reinvestment4 : |
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Year one |
$500 |
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Year two |
$400 |
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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
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USA/International
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ABM Withdrawal** |
$1.50 |
$2.00 |
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ABM Balance Inquiry |
$0.50 |
$0.75 |
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Point of Sale Transaction |
$0.65 |
$1.25* |
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Online Transfer |
$1.50 |
N/A |
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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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