Student Advantage
Spending Account

When you’re a student, we understand that finances can be tight. That’s why we offer our Student Advantage Spending Account. It’s designing for their budget-conscious lifestyle, offering unlimited transactions with no monthly fees. Plus, you’ll get free access to digital banking, eStatements, alerts and more.


Key Features


  • Account Fees: No monthly account fee and unlimited transactions!
  • eStatements: Electronic statements are free and accessible through digital banking. If you prefer paper statements, it costs $2 per month.
  • Free Deposits: It’s always free to deposit money using our mobile app, ATMs, Interac e-Transfer® or in-branch. 
  • Interac eTransfer®: Unlimited free Interac eTransfers
  • Deposit Guarantee: The deposits of Encompass Credit Union members are 100% guaranteed by the Credit Union Deposit Guarantee Corporation and the Province of Alberta.

Please note: To qualify for the Student Advantage Spending Account, you need to be aged 12- 18, and a youth indemnity signed by a parent or guardian. Or a full- or part-time post-secondary student between the ages of 19-25. If you have a Student Advantage account, when you turn 19, you’ll get a letter advising you of the requirements to keep your account free of service fees. You’ll also need to send your confirmation of enrollment each year that you are attending post-secondary school.

Account Details

  • Account Fee: No monthly account fee
  • Minimum Monthly Balance: N/A
  • # of Free Debits / Month: Unlimited
  • Per Item Debit Fee: N/A
  • Paper Statement: $2.00 / month
  • In-Branch Deposits: Unlimited; No charge
  • Deposit (any Canadian credit union): Unlimited; no charge
  • Inquiry (any Canadian credit union): Unlimited; no charge
  • Bill Payments (any Canadian credit union): Unlimited; no charge
  • Transfer (any Canadian credit union): Unlimited; no charge
  • Withdrawal (any Canadian credit union): Unlimited; no charge
  • Withdrawal (other Canadian financial institution): $1.50
  • Withdrawal (international): $3.00
  • AFT (Automated Funds Transfer): Unlimited; no charge
  • Cheque: Unlimited; no charge
  • Direct Payment / Point of Sale Purchase: Unlimited; no charge
  • In-Branch Cash Withdrawal or Transfer: Unlimited; no charge
  • In-Branch Bill Payment: Unlimited; no charge
  • Online Bill Payments: Unlimited; no charge
  • Inquiries: Unlimited; No charge
  • Loan Payments: Unlimited; no charge
  • Transfers (Immediate, Scheduled, Recurring): Unlimited; no charge
  • Receive Interac e-Transfer®: Unlimited; No charge
  • Send Interac e-Transfer®: Unlimited; no charge
  • View Images of Cleared Cheques: Unlimited; No charge
  • eStatements: Unlimited; No charge
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