Bank Accounts
Chequing
Manage your everyday finances with ease. The UCU Chequing Account offers convenient features like debit card purchases, online banking, and bill payments, so you can easily access your money, pay bills and write cheques.
Learn MoreSavings
Grow your savings faster with UCU Savings Account. Earn competitive interest rates and save towards your goals with no monthly fees. Enjoy easy access and flexibility to manage your savings while maximizing your earning potential.
Learn MoreYouth/Student
UCU Youth Account is designed to help young savers learn financial responsibility. It’s a convenient way to manage money and develop smart saving habits for the future. The account grows with the child, with features added as they mature.
Learn MoreU.S. Dollar
UCU U.S. Dollar Account offers an efficient way to manage and save U.S. currency. Ideal for frequent travelers or those with U.S. expenses, it provides access to your funds without currency exchange fees, helping you save time and money.
Learn MoreWhat we do
Our goal is to empower you with the tools and resources necessary to achieve your financial goals, whether it’s managing your daily expenses, growing your savings, or preparing for the future. With UCU, you can trust that your financial well-being is our top priority.
Convenient account management
Manage your accounts with UCU Online Banking and the UCU Mobile Banking App and stay connected to your finances anytime, anywhere. Whether you’re checking your balance, paying bills, or monitoring your spending, our digital platforms provide the flexibility and convenience you need to stay in control of your finances on the go.
Banking advantages
Explore the benefits of banking with UCU. From competitive rates to personalized solutions, we’re committed to your financial success. With features like easy access to funds, comprehensive account management tools, and dedicated customer support through the UCU Contact Centre, UCU provides the support and resources you need to effectively manage your finances.
Tools and resources
Bank Accounts: FAQs
The UCU Chequing Account offers a variety of features to make managing your everyday finances easier and more convenient. Here’s a breakdown of some key features:
- Debit Card Purchases: Enjoy the ease and security of using your debit card for everyday purchases at stores, restaurants, and online.
- Online Banking: Manage your account from anywhere, anytime with UCU’s online banking platform. You can check your balance, transfer funds, pay bills electronically, view past transactions, and more.
- Bill Payments: Schedule and pay your bills directly through online banking, eliminating the need for writing cheques or mailing payments.
- Cheque Writing: While debit cards are becoming increasingly popular, the UCU Chequing Account still allows you to write cheques for situations where they may be preferred.
- Free ATM Transactions: UCU Chequing Account holders can make free withdrawals at all UCU ATMs and ATMs within the Exchange Network. This extensive network helps you avoid ATM fees and gives you greater flexibility when managing your cash.
There are no monthly fees or minimum balance requirements for the UCU Chequing Account. You can manage your account anytime from anywhere on UCU Online Banking and the UCU Mobile Banking App.
The UCU Savings Account offers several features that work together to make growing your savings easier and more rewarding:
- Competitive Interest Rates: Earn interest on your deposited funds. UCU offers competitive rates, which means your money grows faster over time. The interest is typically compounded regularly, meaning you earn interest on the interest you’ve already accumulated.
- No Monthly Fees: Unlike some savings accounts that charge a monthly maintenance fee, the UCU Savings Account has no such fees. This allows you to keep more of your hard-earned money and watch your savings grow faster.
- Easy Access and Flexibility: Enjoy the benefit of accessing your funds whenever you need them. The UCU Savings Account provides easy access through UCU Online Banking, UCU Mobile Banking App, or in-branch service. This flexibility allows you to manage your savings effectively while still growing your balance.
Opening a UCU Savings and Chequing Account is easy and can be done online or in person.
Here’s what you’ll need:
- Government-issued photo identification: This could be your driver’s license, passport, or another form of government ID with your photo.
- $150 deposit: This deposit is used to purchase membership shares, a requirement for becoming a UCU member and opening an account.
You can choose between two convenient options:
Open Online:
- Click this link to start the online application process.
- Follow the steps and provide the required information, including your identification details.
- Make your $150 deposit electronically during the online application process.
Open In-Branch:
- Schedule an appointment online to ensure a smooth experience at your local UCU branch.
- Bring the following documents with you:
- Two pieces of government-issued photo ID (e.g., driver’s license, passport)
- Valid Social Insurance Number (SIN)
- A UCU representative will guide you through the application process and answer any questions you may have.
- You can make your $150 deposit in person at the branch.
The UCU Youth Account is a stepping stone for young people to develop essential financial skills and cultivate positive saving habits for the future. It’s designed to grow alongside your child, offering features and benefits that adapt to their evolving needs.
Here’s what makes the UCU Youth Account a great choice for young savers:
- Building a Savings Foundation: The Youth Account allows children to start saving early, encouraging them to understand the value of money and the importance of saving for future goals.
- Learning Through Doing: By managing their own account, with parental guidance, children can experience firsthand how to make deposits, track their balance, and understand basic financial concepts.
- Features That Grow: The UCU Youth Account isn’t static. As your child matures, features like debit card access. This allows them to take on more responsibility while learning safe spending habits.
UCU Youth Unlimited Account is available for children between the ages of 5 and 18. However, if the child is attending school full-time, the age limit is extended to age 24.
The UCU U.S. Dollar Account simplifies managing your U.S. currency, offering a convenient and cost-effective solution, especially for frequent travellers or those with regular U.S. expenses.
Here’s a breakdown of some of the key benefits:
- Avoid Currency Exchange Fees: Save time and money by eliminating the need to exchange your Canadian dollars for U.S. dollars every time you need to make a payment or access your funds. This can be particularly advantageous if you travel frequently to the U.S. or have recurring expenses in U.S. dollars.
- Efficient Money Management: Hold and manage your U.S. dollars in a UCU U.S. Dollar Account. This allows for easier budgeting, tracking your U.S. dollar expenses and earning interest on your U.S. dollar balance.
You can manage your UCU U.S. Dollar Account through UCU Online, providing easy and convenient access to your funds.
A HISA is a savings account that offers a higher interest rate than traditional savings accounts. HISAs can be a good option for short-term savings goals or emergency funds, as they are generally more accessible than other investment options.