NSF Fee Changes
An NSF (Non‑Sufficient Funds) fee is charged when there isn’t enough money in your account to cover a withdrawal, payment, or transfer. Starting April 24th, 2026, all Innovation members will see NSF fees reduced to $0.
What is changing?
On March 10th, 2026 Innovation members temporarily saw NSF fees and Returned item fees reduced down to $0, upon review of our commitment to simplified banking as of April 22nd, 2026, all Innovation members will see NSF fees and returned-item fees permanently reduced to $0 across all Innovation banking products.
Why make this change?
Although Innovation is not required to remove all NSF fees, we feel it is the right thing to do for you. By eliminating unnecessary fees you can concentrate on your financial goals.
Impacted Accounts
| No-Fee Bank Account | No-Fee USD Account (Personal and Business) | Savings Account (Personal and Business) | Business and Agriculture Operating Accounts | |
| NSF Fee | $10/item | $5 USD/item | $10/item | Sole Proprietors.including "Operating As": $10/item |
Why make this change?
The Government of Canada has introduced new regulations to help reduce financial stress for Canadians. These changes ensure more affordable access to everyday banking services. All federally regulated banks and credit unions in Canada must adopt these same changes under federal law as of March 12, 2026.