Community
Financial Resiliency Program
Community Financial Resiliency Program
Our Community Financial Resiliency Program helps improve the capacity and resiliency of the nonprofit, charitable, co-operative, and affordable housing sectors to strengthen their financial sustainability.
We do this by offering
- Dedicated products designed for the nonprofit and charitable sector
- High-interest earnings on banking for eligible Affordable Housing Providers
- Financial education for nonprofit organizations, charities, and their communities
- Access to grant opportunities
- Governance and capacity building tools
- Support to amplify causes
- Support to develop social purpose real estate
Additional advocacy and support around:
- Connecting community organizations
- Research and knowledge sharing
- Sector building
- Policy development
- Pilot projects
- Collaboration and shared platforms
Alterna Savings’ Community Financial Resiliency Program provides nonprofit organizations with:
- Dedicated account types, products, and services with no monthly fees
- Free cheque clearing
- Free pre-authorized/electronic debits and deposits
- Free branch deposits
- Free chargebacks
- Financial education seminars for team and stakeholders
- A designated account manager
- A complete range of investment options to help manage reserves
Banking Services for Nonprofit Organizations
If you’re a nonprofit or charitable organization, we have specific products and services designed to provide you with meaningful cost-effective financial options. We know you need careful planning and clear objectives to succeed. We also share your desire to give back to the community. It’s why we’re dedicated to providing you with the support you need.
Nonprofits & Charities Custom Banking Package
Community Plus Chequing Account
Designed specifically for incorporated nonprofits and registered charitable organizations. The Community Plus Chequing Account has no monthly fees and offers tailored banking support with a designated account manager.
Up to $660 in annual savings*
Service Fees
For detailed information on our current service fees and account features, refer to:
Affordable Housing
We maintain that access to affordable housing is essential for financial security and aims to uplift local communities, increase social connections and engagement, and enhances overall health and well-being. We continue to support the important work of partners and housing providers through access to affordable financial products, services, advice, and education.
Affordable Housing Custom Banking Package
Co-operative Housing Investment Pool (CHIP) Chequing Account
Designed specifically to support nonprofit housing providers and housing co-operatives in Ontario. The CHIP daily interest chequing offers all the flexibility of a great chequing account while paying interest at savings account rates.
Up to $6,800 in annual savings✝
Features
- No monthly fee
- No chargeback fees
- Free in-branch deposits and transfers
- Free monthly statements
- Higher rate of interest earned
- A designated account manager
Reduced Fees
- Cheque clearing $0.45
- Pre-authorized debits $0.45
- Pre-authorized credits $0.25
Additional Services
Bonus rate on Term Deposits:
- Earn a bonus interest above Alterna’s regular term deposit rates1
- Redeemable after one year without penalty in an emergency situation
Free Courier Service:
- Two free courier pick-up per month per member
Service Fees
For detailed information on our current service fees and account features, refer to:
Unincorporated Associations, Political Entities, and Labour Unions
We understand the important role that unregistered groups play in our community. We also know how challenging it can be for them to access banking services. It’s why we have designed a variety of banking packages, specifically designed to meet their unique needs.
Unincorporated Associations, Political Entities, and Labour Unions Custom Banking Package Options
Basic
Perfect for a low volume, consistent user.
Features:
✓ Monthly day-to-day
transactions: 20
✓ Monthly fee: $4
✓ Monthly fee waived with
$1,000 minimum balance:
Yes
Value
Ideal for a moderate number of monthly transactions.
Features:
✓ Monthly day-to-day
transactions: 35
✓ Monthly fee: $10
Unlimited
Great for active account users.
Features:
✓ Monthly day-to-day
transactions: Unlimited
✓ Monthly fee: $14
Pay as you go
Ideal for low or occasional users.
Features:
✓ Monthly day-to-day
transactions: Pay per use
✓ Monthly fee: $0
Contact us today and we can help you pick the right option for your needs.
or call us at 1.877.560.0100
Easy Access
- Cheques
- Bill payments (in-branch, online, mobile and telephone)
- Debit card payments (point of sale)
- Alterna, ACCULINK® and THE EXCHANGE® Network ATM withdrawals and transfers
- In-branch withdrawals
Safe & Secure
- Pre-authorized payments
- Interac e-Transfer® (send and receive payments)
- Transfers (in-branch, online, mobile and telephone)
Service Fees
At Alterna, our members always come first. We’ve always believed that being upfront and honest is the most respectful way to provide important information. That’s why everything you need to know about our current service fees and account features can be found here:
Ways to Bank
Get in Touch
Our community banking specialists can provide you with the specific advice you need.
You may also need...
Term Deposits
No matter what your investment plans, Alterna has a term deposit that’s right for you. With great rates and flexible terms from 60 days to 5 years, you can select the product that will work best for your needs.
Commercial
We can offer more than personalized financing solutions and support; we’ll also be a true partner to your business and help you grow.
Borrowing
If you’re an organization looking for the right financial products and services to help you grow and manage your business, we’ve got what you’re looking for.
Wealth Solutions
Alterna Wealth can help manage your investments so you can build, strengthen and preserve your wealth.
Community Grants
The program provides grants of up to $1,000 to initiatives where a small amount of money can have a significant impact in the communities we serve.
1Rates subject to change at any time. Bonus is not eligible on promotional term deposit rates.
*Savings are calculated based on no monthly account fee for the Business Premium Account ($55/month x 12 = $660)
✝Savings are calculated based on: No monthly account fee for the Business Prestige Account ($100/month x 12 = $1,200). Incremental interest earned $5,460. Savings from no-fee or reduced fees on cleared cheques, PADs, PAC and chargebacks and deposits $140. Potential savings may not reflect the net savings that your organization will receive; this amount will vary based on your organization’s financial situation.
**Fees will apply if a member exceeds the number of courier pick-ups included in their package in any given month.
Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.
1.877.560.0100
Find a Branch/ATM
getintouch@alterna.ca