Effective June 22nd, 2020
As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below. Par Value of One Share – $5.00 Number of Shares Required – 1
IRA SHARE ACCOUNT FEES
| Fee | Amount |
|---|---|
| IRA Account Closure | $25.00/account(if closed within 1 year of opening) |
| IRA Account Outgoing Transfer | $25.00 / request |
SHARE DRAFT ACCOUNT FEES
| Fee | Amount |
|---|---|
| Nonsufficient Funds | $28.00 |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. ** |
| Returned Item | $28.00 / item |
| Stop Payment | $25.00 / request $25.00 / block of checks |
| Copy of Paid Share Draft | $3.00 / item |
| Overdraft Transfer | $10.00, 1 free per month |
| Bill Payer | $5.75 / month |
| Recurring Debit Overdraft | $28.00 |
| Inactivity Fee | $5.00/month after 6 months of inactivity |
OTHER SERVICE FEES
| Fee | Amount |
|---|---|
| Wire Transfer: Incoming Outgoing International |
$20.00 / transfer $25.00 / transfer $40.00 / transfer |
| Western Union: Within the U.S. | $20.00 / transfer |
| Money Order | $2.00 / money order |
| Money Order stop payment | $15.00 |
| Account Reconciliation | $20.00 / hour ($10.00 minimum charge) |
| Account research | $20.00 /hour ($10.00 minimum charge) |
| Account activity printout | $3.00 / printout |
| Deposited item return | $28.00 / item |
| Dormant account | $5.00 /month, after 24 months of no account activity |
| Copy of statement | $3.00 / statement |
| Overdraft | $28.00 / item |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. |
| Return item | $28.00 / item |
| Share draft printing | $10.00 / year if statement is returned Unusable with no forwarding address |
| Overdraft Transfer | $10.00 / transfer |
| VISA Gift Card | $2.50 each |
| Account verification processing | $10.00 / verification |
| Postal address service correction | $5.00 / account |
| Canadian check processing | $35.00, does not include exchange rate |
| Court order / legal / tax levy | $35.00 |
| Shared Service Center Access | $2.00 / account per visit |
| Non-member check cashing | $2.00 |
| Escheats |
$50.00 |
| Official Checks |
$2.50 / Check after 5 free |
EFT FEES
| Fee | Amount |
|---|---|
| ACH Overdraft | $28.00 / item |
| ATM Inquiry | $1.00 / inquiry |
| ATM Withdrawal/transfer | $1.00/transaction, 8 free per month (waived for transactions at Proprietary ATMs) |
| Audio Response/Telephone Teller Calls | $2.00 /call, after four (4) free per month |
| Balance Transfer |
$10.00 or 3.00% of the amount of each transfer, whichever is greater |
| Card Replacement | $10.00 / card |
| Card Rush |
$50.00 |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. |
| Letter Check |
$10.00 or 3.00% of the amount of each transfer, whichever is greater |
| Mastercard Return Payment |
$28.00 |
| PIN Reminder |
$2.00 |
| Online Banking: Stop Payment Return Items | $25.00 / $28.00 |
| Overdraft Transfer | $10.00 / transfer |
| Over Limit |
$10.00 |
The rates and fees appearing on this Schedule are accurate as of the effective date shown above. If you have any questions or require current fee information on your accounts, please call the Credit Union.
**A maximum of four overdrafts will be covered per day for a maximum fee of $112.00 per day. Share draft accounts with a negative balance will be closed after 45 days. Must pass Chex systems report. Other restrictions apply. The credit union will provide a periodic statement disclosure regarding the total amount of overdraft fees and charges imposed on an account for the statement period and the calendar year-to-date.
Statutory Lien Notice. If you are in default on a financial obligation to Americo Federal Credit Union, Federal Law gives us the right to apply member shares, dividends and deposits in your account(s) at the time of default to satisfy the obligation. When you default, we may exercise the right without further notification to you. Further, we may impress shares of any member who is a responsible party on a financial obligation in default at the credit union.
