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

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

Banking Packages for
Co-op Housing Residents
Join the movement – Banking Built for Co-op Living

Designed specifically for residents of nonprofit and co-operative housing in Ontario. Choose from three tailored packages that support your financial goals while sharing in the values of co-operative living.

Choose the package that's right for you:

Personal Package | Over $620✝✝ in value

  • No monthly fees for 6 months on your Personal Basic Chequing Account
  • Choice of high-interest or flexible savings accounts
  • Credit card options with special welcome offers
  • Access to 43,000+ surcharge-free ATMs
  • Financial wellness tools and education

Student Package | $150✝✝✝ in value
Learn more about student banking

New to Canada Package | $900✝✝✝✝ in value
Learn more about newcomer banking

 

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.

Ways to Bank

Get in Touch

Our community banking specialists can provide you with the specific advice you need.

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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.

✝✝Open an eligible account and complete the qualifying criteria. Refer to Terms & Conditions for more details. The offer period begins on January 1, 2025, at 12:01 a.m. Eastern Time and ends on December 31, 2025, at 11:59 p.m. Eastern Time (the “Offer Period”).

✝✝✝The offer period begins on January 1, 2025, at 12:01 a.m. Eastern Time and ends on December 31, 2025, at 11:59 p.m. Eastern Time (the “Offer Period”).

✝✝✝✝To be eligible for New to Canada Banking, you must be a Permanent or Temporary Resident of 10 years or less and/or meet the Conventional Refugees status. Only available in the three years of membership. The up to $900 value assumes eligibility for bonuses, savings, and benefits under the Alterna Good Start Program and is calculated as follows $504 in banking savings — Waiver of monthly fees ($14/month) on the Unlimited Chequing Account for 36 months; $105 value — Waived annual fee ($35/year) for a small Safety Deposit Box over 3 years; $50 statement credit — With the selection of an eligible credit card through our Collabria partnership; $10 estimated interest bonus — When opening a new Term Deposit with a bonus interest rate of 0.10% and up to $250 mortgage interest savings — On new mortgages over $150,000, based on an interest rate discount of up to 0.10%.

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.
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