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FEE SCHEDULE
Effective March 9, 2009 SHARE DRAFT FEES Insufficient Funds and Courtesy Pay $25.00 Stop Payments $10.00 Closed Account Clearings $10.00 Micro Film Check Copy $ 5.00 CD of all checks Cleared 1 Year $25.00 Reconcilement Per Hour $15.00 Transfers to cover drafts (Same Acct) $ 2.00 Transfers to cover drafts (Secondary) $15.00 Reinstatement after being closed $10.00 CHECK COLLECTIONS Return Check Fee $10.00 Redeposit of Returned Item $ 5.00 Stop Payments on Corp. Checks $10.00 ACH Returns $25.00 Check Collection Item $10.00 CASHIERS/CORPORATE CHECK $ 2.00 MONEY ORDERS (UP TO $1,000) Each $1.00 AMERICAN EXPRESS TRAVELERS CHECKS Cheques for one Free Cheques for two Free Gift Cheques $2.00 WIRE TRANSFERS United States (Same Day) $15.00 International Pass Through STATEMENTS OF ACCOUNTS Up to 6 Months - Each $1.00 Over Six Months - Each $2.00 Mail Return Statement $5.00 DEBIT CARD FEE Reissue PIN Number/Debit Card $5.00 MINIMUM SHARE FEE $2.50 Month If the balance in your Primary Share Account falls below $25.00. BANK GARNISHMENT / LEVY $25.00
Notary Fee: First Page Free Each additional page $5.00 Mortgage Closing Notary and Witness Fee: $50.00 Account / Loan Verifications: $5.00 IRA Closeout Fee: $15.00 Account Research Fee: $25.00 Per Hour
Legal Fee Reimbursement: Any legal fees incurred by the credit union to respond to a legal document served on the credit union on a members account will be reimbursed by the member. Checking Program 1. Youth Program: (Ages 16-22) Free Checks (Up to 150 Per Year). 2. Senior Program: (Over Age 60) Free Checks (Up to 150 Per Year). Free Basic Checks for all members up to 150 per year.
3. Debit Card: A Debit Card is available for all Checking account users. Utilized for ATM loan delinquency.
4. Bill Pay: Available online fee - cost is $5.95 per month includes 15 transactions. Save on postage and mailing costs.
Courtesy Pay Program Courtesy Payment is an overdraft program that allows members with direct deposit to overdraw their checking account to predetermined limit of $500.00. The credit union will pay an insufficient funds item and assess a $25.00 insufficient funds fee. Courtesy Pay is not meant to be an line of credit and excessive use will result in the credit union revoking the privilege. To be eligible a member must have a checking account in good standing and be on direct deposit of their payroll. The maximum limit per member is $500.00 or the amount of their direct deposit, whichever is less. The overdraft must be paid within 15 business days. If payment is not received within 20 days an additional fee of $25.00 will be assessed. The credit union may revoke the Courtesy Pay privilege at any time. The member may opt out of the Courtesy Program as well. If you do not wish to have the Courtesy Pay available to you please notify a Member Service Representative at 203-237-6424 ext 5. Disclosure: Meriden Schools FCU may refuse to pay an overdraft at any time, even though we may have previously paid the overdrafts. The account holder will be notified by mail and/or email of any Non-Sufficient Funds (NSF) items paid.
1. Statements: Statements are mailed monthly. Canceled Drafts are not returned. All Drafts are in Duplicate and the members keep duplicate copy for their records. a. Photocopies can be obtained by b. CD of all checks clear during 12 Month Period available for $25.00. 2. Lost, Stolen or Forged Drafts: a. Contact Credit Union immediately. 3. Denial: A member may be denied a share a. Poor credit history b. Previous loan delinquencies c. Bad check history d. Overdrafts 4. Account Change: The Credit Union reserves the right to change this account to another type if in the credit union's judgment the change is not adverse to the member. The Credit Union will notify the member at least 30 days before the change is in effect. If Credit Union determines that a change to another type of account would be adverse to the member, the change will not be made without the member's approval. 5. Dividends: Dividends are based on the credit union's earnings and cannot be guaranteed. |
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