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
Account Research/Reconciliation $20.00 per hour

 

 

 

 

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Member Service Associates are available to answer your questions Monday-Friday 8:00 a.m. - 5:00 p.m. and Saturday 8:00 a.m. - 1:00 p.m. at 781.455.6500.