Checking

2009 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. Waived when:
  1. Direct deposit to checking and e-statement; 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; or
  4. Age 65 or older
Check Orders Member Checking style checks are free; reorder cost for a different style depends on quantity and style.

 

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 overdrafts
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

Account Research/Reconciliation $20.00 per hour

 

 

 

 

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