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