| Service | FEES | HOW TO AVOID/NOTES |
|---|---|---|
| Cashing of University of Chicago or UCMedicine Checks: | ||
| Member | $5.00 | Use direct deposit |
| Non-Member | $7.50 | Open a MFCU share account |
| Cashier's Check | $3.00 If payable to 3rd party | Waived if check exceeds $5,000. Open a MFCU checking account and make payments online or with personal check. |
| Check Mailing | $2.00 | Pick up check in-person. Use the CO-OP network shared branches. |
| Bad Mailing Address/Returned mail | $2.00 | |
| Representative Telephone Balance Inquiry/Transfer/Withdrawal Request | $3.00 | Check account balance or transfer funds, without charge, by using online banking or automated telephone banking. |
| Savings Account Withdrawals | $5.00 Each withdrawal after 3 per month | Open a MFCU checking account. Distributions of your payroll deduction are not counted. |
| Early Account Closure | $25.00 If closed within 90 days | |
| Early Withdrawal, Holiday Club | $10.00 Prior to Nov. 1st | Wait until Nov. 1st. |
| Excessive Withdrawals from Vacation Club | $5.00 Each withdrawal after 2 per calendar year | Avoid excessive withdrawals. |
| Dormant Account | $5.00 Per month after 24 inactive months. | Make a deposit or withdrawal from your account. |
| Check or ACH NSF (returned or courtesy paid) | $33.00 Per occurrence | Be sure your account has adequate collected funds for all presented ACH debits and checks. Limit one fee per business day. |
| Deposited Item Returned | $15.00 | |
| Overdraft Protection Transfer | $7.00 Per transfer | Be sure your checking account has adequate collected funds before initiating a payment. |
| Stop Payment, Check or ACH | $26.00 Per request | |
| Cancel Stop Payment | $10.00 Per request | |
| Paper Monthly Statement – Student Accounts | $2.00 | |
| Statement Copy | $5.00 | Access your statement using online banking. |
| Check copies | $5.00 Per check | Use online banking to obtain copies of your cleared checks. |
| Account History, Each 12 month period | $5.00 Per request | Access account history using online banking. |
| Coin Deposit/Coin Counter | 5% of Coins Count | Minimum $2.00. |
| Money Market Account, below minimum $2,500 balance | $25.00 Per month | Maintain minimum balance. |
| Excessive Money Market Account Withdrawals | $10.00 Per withdrawal in excess of 6 per month | Limit monthly withdrawals. |
|
Card Services |
FEES |
HOW TO AVOID/NOTES |
|---|---|---|
|
Card Replacement, Lost or stolen or damaged |
$10.00 |
|
|
VISA Gift Card, Non-reloadable |
$5.00 |
|
|
ATM & PIN based debit card transactions |
$1.00 Each transaction in excess of 7 per month |
Make purchases as a “credit” transaction. Waived for Student and VIP Checking. |
|
Foreign Transaction Fee |
1.0% of Transaction Amount |
|
|
Prepaid, reloadable CU Money Debit Card |
$4.95 Initial issuance |
|
|
Prepaid, reloadable CU Money Debit Card, teller or telephone reload |
$1.50 Per load |
Use on-line service or direct deposit to card. Funds available within 2 hours. |
|
Prepaid, reloadable CU Money Debit Card, on-line reload |
$0.50 Per load |
Funds not immediately available |
Additional fees may be assessed by CU Money and 3rd party ATM owners.
|
Fund Transfer Services |
FEES |
HOW TO AVOID/NOTES |
|---|---|---|
|
Wire transfers, outgoing: |
|
|
|
Domestic |
$30.00 |
Use person-to-person transfer feature in on-line banking |
|
International |
$40.00 |
|
|
Wire transfers, incoming: |
|
|
|
Domestic |
$10.00 |
Use person-to-person transfer feature in on-line banking, VENMO or similar service. |
|
International |
$15.00 |
|
|
Share Branch Service |
FEES |
HOW TO AVOID/NOTES |
|---|---|---|
|
Deposits at Share Branch Locations |
$3.00 Per deposit exceeding 2 per month |
|
|
Withdrawals at Share Branch Locations |
$3.00 Per withdrawal exceeding 2 per month |
|
|
Loan Payments at Share Branch locations |
FREE |
|
|
Other |
FEES |
HOW TO AVOID/NOTES |
|---|---|---|
|
Auto or Homeowners’ Insurance Policy Lapse/Cancelation. |
$75.00 Per occurrence |
Be sure your Auto or Homeowners’ Insurance premiums are paid on time. If you have a MFCU Auto or Mortgage Loan, you will be assessed this fee if your insurance lapses or is cancelled without prior replacement or you fail to designate MFCU as lienholder. |
|
Mortgage Subordination Request |
$200.00 |
Per request, whether or not granted. |
|
Wage Garnishment or Levy Processing |
$75.00 Plus $10 per disbursement |
|
|
Subpoena or litigation demand for production of documents or personal appearance |
$100.00 minimum |
$100.00 per hour – Officer $50.00 per hour – Other staff $0.30 per document page |