Mobile Banking Access www.grotonmefcu.com/M

Affordable health insurance made easy. Find plans that fit your budget. Designed for credit union members. Enroll now. Deadline February 15th.

Fee Schedule

Groton Municipal Employees Federal Credit Union (GMEFCU)

Fees Effective 1 November 2016

The following fees and transaction limitations amend your Account Agreement and Disclosures:

 

 

Complementary Services

 

SUM Network Nationwide ATM Transactions

FREE (All other ATMs are not assessed a fee by GMEFCU but may be assessed a fee by the ATM owner.)

Debit Mastercard (initial issuance)

FREE - requires draft account

Debit Mastercard – lost/ destroyed

1 FREE per year

24 – 7 Debit card support

FREE

E-Statements (electronic statements)

FREE - requires enrollment in online banking

Online Banking

FREE

Online Bill Pay with Person-to-Person Pay

FREE

Teller / Phone Transfers

FREE

Mobile Banking

FREE

Mobile Deposit

FREE

MobiMoney App (to control debit card)

FREE

MobiMoney transfers between accounts

FREE

ATM transfers between accounts at SUM Network ATMs

FREE

Money Desktop (aggregate with accounts at other institutions)

FREE

Money Desktop App

FREE

Draft Transactions (checking)

FREE

Deposit of rolled coin

FREE

Loan Application

FREE - except CASH NOW loan

Home Equity Loan Processing/ Closing Cost

*FREE

 

 

Account Basics

 

Account Opening - Fee

FREE

Account Opening – Par Value

$25.00 Membership Share held as long as you remain a member.

Account Closed within 6 months of Opening

$10.00

Check Order

Varies by Member’s Selection

Bad Address

$5.00 per occurrence

Account Maintenance per Member Request

Account Balancing Assistance

Account Research

Subpoenas

FREE balancing assistance up to 90 days -one time per year

1 hour min $25 per hour

Waived for members age 65 and older.

Document Copy

Statement – per month

Cancelled Check – per check

Deposited Check – per check

Paid Credit Union Check – per check

$5.00

Account History Printout – per page

$1.00

Inactivity Fee - per month

6 consecutive months in which no withdrawals or deposits, other than credited dividends were made to the account; combined balances are <$100. Account will be closed when it reaches zero.

Fee is waived for account holder younger than 18 or the account holder has a loan.

 

 

$10.00 charges begin 1st day of 7th month

 

Dormant Account Fee

24 consecutive months in which no withdrawals or deposits other than credited dividends were made to the account; combined balances are at least $100. Account MAY be escheated to the state at 3 years’ inactivity.

Fee is waived for account holder younger than 18, age 65 and older, or the account holder has a loan.

 

 

$10.00 charges begin 1st day of 25th month

Escheat Fee

None

Legal Item Processing

Levies, garnishments, executions

$35.00

Courtesy Pay Fee (per item)

Written check

Preauthorized withdrawals

Debit card transactions

Courtesy pay is at credit union discretion. To be considered you must have an automatic deposit scheduled for the account.

First Courtesy Payment per Month – FREE

Minimum overdrawn balance required to trigger a fee is $10.00

All others $30.00 each

Overdraft Transfer Fee from Savings

FREE

In combination with other transfers, limited to six per month per Regulation D.

Nonsufficient Funds (per item)

Written Check

Electronic Item

$30.00 each

Returned Deposited Item

$15.00 each

Stop Payments (checks and ACH) – submitted in writing or verbally

$30.00 each

Money Order

$2.00 each

Official Check to account holder

$5.00 each

Waived for members age $65 and older.

Official Check to third party

$5.00 each

Verification of Deposits

$10.00 per request

Debit Card Replacement after 1st free per year

$15.00

Debit Card Rush Replacement

$50.00

 

 

Wire Transfers

 

Domestic Wire Transfer Outgoing

$20.00

Domestic Wire Transfer Incoming

FREE

 

 

Loan Fees

 

Loan Application

FREE except CASH NOW loan

Home Equity Loan Processing/ Closing Cost

*FREE  

Late Loan Payment Fee

$20 after 15 days

Skip- a-Pay

$30 per loan per member request (restrictions apply)

Cash Now Loan

First loan application fee $20.00, subsequent loan application fee $10.00

Home Equity Subordination Fee

$250.00