What to know about becoming a member, opening an account and fees | Omnia Direct | Discussion forum

WFCU (since 1941) is a merger of Windsor Family Credit Union with Education Credit Union in late 2020 (Kitchener/Waterloo/Cambridge area) and Rapport Credit Union in Sep 2024 (Toronto, Northern (to Thunder Bay) and Eastern Ontario (to Kingston)).

Omnia Direct is supposed to be the investment branch of WFCU but they seem to operate the call centre.
see hours of operation here (scroll down): https://mywfcu.ca/contact-us/
and here: https://omniadirect.ca/contact-us/

There is a $5 membership fee.

They have chequing, savings and registered accounts (TFSA, RRSP, FHSA), and joint accounts.
To open a chequing account or a registered savings account requires an in-person visit to a branch. See locations in Ontario only, here: https://www.wfcu.ca/Personal/T.....BranchATM/
Also see branch hours here: https://mywfcu.ca/contact-us/

To transfer money in, you sign a physical authorization form for each transfer (in-person or electronically) with a void cheque (1st time only?). You can also use a personal cheque. You can also contact the call centre to perform the transaction.

To transfer money out, you can use eTransfer or set up Me-2-Me (with a form, digital signature, and void cheque). The call centre does NOT handle transfers out.

Me-2-Me limits to transfer $ out are $10K/transaction, $20k/day, $50K/week, and $100K/month, on a rolling basis from the last transaction.

You can also link another bank/FI to a WFCU account. There may be a limit to pushing $ in from another bank/FI to $25K/mon, and pulling $ out to $100K/mon (TBC).

With a savings account, 1 transfer out/month is free, $2.50 thereafter. All transfers are free if 59+.
With EVA chequing account, all transfers are $1.50, unless you have a Gold / Diamond or Platinum account.
See account fees here (scroll down): https://mywfcu.ca/personal/per.....-accounts/

Service fees:
https://mywfcu.ca/online-polic.....ervicefees