Account Features
The Laurentian Bank Preferred account offers 20 banking transactions per month.
Banking transactions include withdrawals, transfers, bill payments, debit transactions, cheques, and pre-authorized payments.
Fees
Any excess transactions past the 20 banking transactions per month will incur a cost of $1.25 per transaction.
Interac e-Transfer transactions will incur a cost of $1.00 per transaction.
If you have at least a balance of $3,000 in your Laurentian Bank Preferred account, there is no fee to transfer between Laurentian Bank accounts or withdraw from Laurentian Bank or THE EXCHANGE Network ATMs. If you do not meet that minimum balance requirement, the fee is $1.00 per transaction.
Similarly, if you meet the $3,000 balance requirement you will not be charged for pre-authorized payments or cheques, else it will be a cost of $1.00 per pre-authorized transaction and $1.25 per cheque.
Monthly Fees
The Laurentian Bank Preferred account has a monthly fee of $7.50 which cannot be waived.
eStatements are free, whereas customers will be charged $3.00 per month for paper statements.