Chequing account · Servus Credit Union
Servus Youth Plan: fees and true cost
Servus Credit Union’s Servus Youth Plan charges no monthly fee, with 60 a month transactions. For our “Everyday” example that comes to $18 a year, #11 of 53 chequing accounts offered in Alberta.
Provincial insurerYouth (18 and under)Offered in AB
Fees retrieved November 1, 2026
Mitey tallies a year of Servus Credit Union’s Servus Youth Plan: $18 for the Everyday profile.
How much does Servus Youth Plan from Servus Credit Union cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Servus Youth Plan costs $18 a year, #11 of 53 chequing accounts offered in Alberta. There is no monthly fee. Cheaper for the same banking: Personal Account at EQ Bank ($0). Deposits are protected by a provincial credit union deposit insurer.
Who does Servus Youth Plan suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #4 of 44 chequing accounts offered in Alberta. It costs most for the Heavy profile: $321 a year.
- Allowance: 60 transactions a month; each one beyond that costs $1.25, so 10 more a month adds $150 a year.
- Versus the cheapest: for everyday use it costs $18 a year more than Personal Account (EQ Bank), $90 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $0 | No monthly fee | 13 of 53 |
| Everyday Household account, a few e-Transfers | $18 | No monthly fee | 11 of 53 |
| Heavy Lots of card, bill and e-Transfer payments | $321 | No monthly fee; extra transactions $23.75/mo | 30 of 53 |
| Branch and cheques Teller visits, cheques, paper statement | $0 | No monthly fee | 4 of 44 |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | 60 a month |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | $1.25 |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | $1.25 |
| 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 | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | No extra fee |
| 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
Flexible no-fee daily banking for anyone under 17 years old. This is a great first spending account to learn about banking. Youth aged 12 and up can open and operate an account without a parent. Those under 12 will require a parent's signature for a debit card. Account details No monthly fee 60 electronic or in-branch transactions included per month Unlimited Interac e‑Transfers® 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 Essential Plan — $3.95–$16.95/mo, or $0 with a $4,000 minimum balance
- Servus Personal Premium Unlimited Plan — $25.00/mo, or $0 with a $5,000 minimum balance
- Servus Senior Unlimited 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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