Parama Benefits | PARAMA

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Parama Benefits

Parama Benefits
  • Our business and personal chequing and multiple-currency savings accounts are FEE-FREE - no transaction fees, 10 free e-transfers per month, free cheques! Services that require fees are minimal and competitive.
  • Full-service mobile and online banking, Interac® e-transfers, e-mail alerts, convenient smart phone cheque deposits ... and coast-to-coast surcharge-free ATMs on the Exchange® Network.
  • Members automatically participate in the profit sharing program, which means money back in your pocket! To date, PARAMA has distributed nearly $8.5MM back to its Members.
  • All Canadian dollar deposits are insured by FSRAO up to $250,000 for each different account holder. FSRAO provides unlimited insurance protection for deposits held in registered plans such as RRSPs, RRIFs and TFSAs. Please see for details.
  • You will enjoy personalized and caring service from all of our professional Member Service Representatives. At PARAMA you are known by your name, not by a number.


Download Package

Personal Account Opening Package

Opening a Personal Account and becoming a Parama Member


Download Package

Business Account Opening Package

Opening a Business Account and becoming a Parama Member