Chequing account · Servus Credit Union
Servus Personal Essential Plan: fees and true cost
Servus Credit Union’s Servus Personal Essential Plan charges $3.95–$16.95/mo, or $0 with a $4,000 minimum balance, with unlimited transactions. For our “Everyday” example that comes to $221 a year, #24 of 52 chequing accounts offered in Alberta.
Provincial insurerOffered in AB
Fees retrieved November 1, 2026
Mitey tallies a year of Servus Credit Union’s Servus Personal Essential Plan: $221 for the Everyday profile.
How much does Servus Personal Essential Plan from Servus Credit Union cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Servus Personal Essential Plan costs $221 a year, #24 of 52 chequing accounts offered in Alberta. The $16.95 monthly fee is waived with a $4,000 minimum balance. Cheaper for the same banking: Personal Account at EQ Bank ($0). Fees as listed with FCAC on November 1, 2026.
Who does Servus Personal Essential Plan suit?
- Best fit: the Everyday profile (household account, a few e-transfers), where it ranks #24 of 52 chequing accounts offered in Alberta. It costs most for the Heavy profile: $239 a year.
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Waiver or fee? Keeping $4,000 waives the $16.95 fee ($203 a year). The same money at 3% (30 Day Notice Savings Account, EQ Bank) would earn about $120 a year, so holding the balance is the cheaper way to run this account.
- Versus the cheapest: for everyday use it costs $221 a year more than Personal Account (EQ Bank), $1,107 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $203 | Monthly fee $16.95 | 38 of 52 |
| Everyday Household account, a few e-Transfers | $221 | Monthly fee $16.95 | 24 of 52 |
| Heavy Lots of card, bill and e-Transfer payments | $239 | Monthly fee $16.95 | 24 of 52 |
| Branch and cheques Teller visits, cheques, paper statement | $233 | Monthly fee $16.95 | 29 of 43 |
Try your own numbers in the true-cost finder. Is keeping $4,000 in the account worth it? Run it in the account-fee calculator.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $3.95–$16.95/mo, or $0 with a $4,000 minimum balance |
| Included transactions | Unlimited |
| Debit purchase in Canada (beyond included) | $1.50 |
| Online or mobile bill payment | $1.50 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $1.50 |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $3.00 |
| In-branch withdrawal | $1.50 |
| Bill payment in branch | $1.50 |
| Cheque (as a payment) | $1.50 |
| Mailed monthly statement | $2.50 |
| Non-sufficient funds (NSF) | $48.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
A flexible banking plan that offers the peace of mind of an account that adapts to your monthly usage and at the top tier allows for unlimited account transactions and unlimited Interac e-Transfers®. Account details $3.95 to $16.95 monthly fee Fee based on monthly usage $3.95: Up to 15 $11.95: Up to 60 $16.95: Unlimited Fee waived with $4,000 min. monthly balance 1 free non-credit union ATM withdrawal (in Canada)
Is the money protected?
Provincial deposit insurer. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at Servus Credit Union
- Servus 17-25 Be Free Plan — No monthly fee
- Servus Personal Basic Plan — $3.95/mo, no balance waiver
- Servus Personal Premium Unlimited Plan — $25.00/mo, or $0 with a $5,000 minimum balance
- Servus Senior Unlimited Plan — No monthly fee
- Servus Youth Plan — No monthly fee
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Servus Credit Union’s product page
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