Checking
2010 Schedule of Fees
Direct Federal Credit Union is federally insured by the National Credit Union Administration, a U.S. Government Agency.
| Member Checking Account | ||
|---|---|---|
| Monthly Maintenance Fee | $10.00 per month. Reduced to $5 per month for: 1. Direct Deposit to member Checking and receipt of e-Statements; or 2. Combined balances of $20,000 in Deposits, Home Equity, 1st Mortgage or Auto Loans; or 3. $1,000 minimum daily balance in checking. The monthly fee is waived if the Primary Checking Account owner is age 65 or older. |
|
| Check Orders | Basic wallet style checks are free. Others depend on style and quantity. |
|
| Direct ATM or Direct Debit Card Fees | ||
|---|---|---|
| ATM Transactions and Inquiries | With Checking Account: First 20 transactions (including inquiries) per month FREE* at a SUM network ATM Without Checking Account (Savings only): First 3 transactions (including inquiries) per month FREE* at a SUM network ATM (*Direct Federal will not charge an ATM usage fee. However, the ATM owner may assess a surcharge fee. All transactions at SUM locations are surcharge-free.) $2.00 fee per transaction in excess of the monthly limits noted above. |
|
| Money Market | ||
|---|---|---|
| Excess Activity Fee | $10.00 per check or transfer over the 6 combined number of checks or transfers allowed per month. | |
| Other Service Charges and Fees | ||
|---|---|---|
| Official Checks | $3.00 each | |
| Travelers Cheques | 2% of total | |
| Stop Payment | $30.00 each for Member Checking, Money Market, Home Equity or Official Checks. | |
| Nonsufficient Funds Fee | $30.00 per check, ATM, POS, Debit, Bill Pay or ACH item | |
| Automatic Transfers | $10.00 each to cover Nonsufficient Funds items | |
| Inactive Account Fee | $5.00 fee per Savings and Club Account per month when: 1. There is no activity in the account for 12 months, and 2. The account balance is less than $50.00, and 3. There are no other active deposit or loan accounts. |
|
| Outgoing Wire Transfer | $20.00 domestic; $30.00 international | |
| Incoming Wire Transfers | $10.00 | |
| Returned Items | $10.00 | |
| Check Copy | $3.00 (free at Direct.com) | |
| Statement Copy | $3.00 (free at Direct.com) | |
| Address Correction | $5.00 to change an incorrect address when mail is returned. | |
| Individual Retirement Account Trustee Transfer | $25.00 | |
| Levy Summons | $30.00 | |
| Escheat Filing | $50.00 | |
| Subordination Request Mortgage Payoff Letter |
$100.00 $20.00 |
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| Account Research/Reconciliation | $20.00 per hour | |
