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Cash alternatives

Manager's Trust Cheque
A Manager's Trust Cheque (MTC) is a cheque issued by Innovation Credit Union, payable to a payee of your choosing in the amount of your choosing. It's a more secure method of payment than paying large sums of cash.

As a recipient of a MTC, you can rest assured the cheque is backed with sufficient funds.

US and international drafts

Drafts are similar to money orders except they are available in any currency:

  • They are accepted nationally and internationally
  • They come with a carbon receipt
  • They can be traced if lost or stolen

Wire transfers
If you are travelling within Canada, you can go to a financial institution of your choice and arrange to have money wired to you. You can also send money to a domestic or international location using wire transfers.

You may find it less expensive going to a credit union versus another financial institution.

To learn more, see our Account Information and Disclosure of Standard Fees and Charges PDF Document.  You can also:

 

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Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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