ALLCO Cost Sharing Schedule
This Cost Sharing Schedule for all Accounts sets for certain conditions, cost assessments, reimbursements required, fees and charges applicable to your Regular Savings (Shares), checking (Share Draft), dividend-bearing checking (Share Draft), checking (Share Draft) with check card/ATM, dividend-bearing checking (Share Draft) with check card/ATM, Money Market, business checking (Share Draft), Share Certificate (certificate of deposit), Christmas club and Vacation Club accounts at the ALLCO Credit Union as of August 21, 1997. This schedule is incorporated as part of your account agreement with the ALLCO Credit Union.
The following costs may be assessed in connection with your accounts:
Costs Assessed to all accounts:
|
Close New Account Within 90 Days |
$30.00 |
|
Return Mail No Forwarding Address |
$25.00 |
|
Return Check Assessment |
$18.00 per item |
|
Account History Assessment |
$1.50 per page |
|
Statement Copy Assessment |
$5.00 per statement |
|
3rd Party Withdrawals |
$1.50 each (1 free per $500.00 in balances) |
|
Electronic Bill Payment Service |
$2.00 per month (1st 3 months free) |
|
Money Order Assessment |
$1.00 each |
|
Travelers Check Assessment |
½% (.005) (Free for depository balances of $500.00) |
|
Fax Assessment |
$3.00 per document |
|
Photocopy Assessment |
$1.50 per document |
|
Check Cashing Assessment |
1% of undeposited funds |
|
Garnishment or Levy Processing |
$25.00 |
|
Outgoing Wire Transfer Assessment |
$15.00 |
|
Outgoing Wire Transfer Assessment (out of country) |
$65.00 |
|
Western Union Commercial Money Order (Wire Transfer Assessment) |
$25.00 |
|
Incoming Wire Transfer Assessment |
$5.00 |
|
NSF (non-sufficient funds) Draft (check) Charge |
$18.00 per item |
|
Transfer Charge (automated overdraft protection) |
$5.00 each day |
|
Temporary Checks (drafts) |
$5.00 for 10 |
|
Account Research Assessment |
$30.00 per hour |
|
Reconcilement of Account |
$30.00 per hour |
|
Photo Request (draft/check/money order) |
$5.00 per item |
|
Incoming Collection Item |
$25.00 per item |
|
Placing a Stop Payment Order (other than ACH) |
$15.00 per item |
|
Placing a Stop Payment Order on a Credit Union Instrument |
$20.00 per item |
|
ACH (automated clearing house) NSF (non-sufficient funds) |
$18.00 per item |
|
ACH (automated clearing house) Stop Payment |
$15.00 per item |
|
ATM (automated teller machine) or Check card NSF (non-sufficient funds) Assessment |
$18.00 per item |
|
ATM/Check Card Reissue |
$5.00 |
|
ATM/Check Card PIN Reissue |
$1.00 |
The following costs are based on the low minimum balances within a monthly statement cycle.
We ask members with small balances to share in the cost of servicing their accounts. You can eliminate or reduce a cost sharing contribution by maintaining a sufficient balance, save regularly with payroll deduction or direct deposit or by opening a Share Certificate (certificate of deposit) Account.
Regular Savings Accounts
|
|
With Share Certificate (Certificate of Deposit) |
Balances greater than $500.00 |
Balances less than $500.00 |
Balance less than $100.00 |
|
Monthly Minimum Balance Cost |
None |
None |
None |
$2.50 |
|
Monthly Transaction Costs: |
None |
None |
|
|
|
Withdrawals |
|
|
$1.00 each after 2 |
$1.00 each after 2 |
|
ATM Transactions |
|
|
$0.75 each after 3 |
$0.75 each |
|
Deposits using Check Card or ATM |
|
|
$0.75 for each after 4 |
$0.75 for each after 4 |
YOU MUST MAINTAIN A $30.00 REGULAR SAVINGS ACCOUNT OR OTHER
APPROVED MEMBERSHIP ACCOUNT IN ORDER TO BE A MEMBER OF THE CREDIT UNION
Share Certificates (certificates of deposit)
Early withdrawal penalties may be imposed for withdrawals made prior to maturity.
· If your account has an original maturity of one year or less, the penalty we may impose will equal 90 days dividends on the amount withdrawn subject to penalty plus $25.00
· If your account has an original maturity of more than one year, the penalty we may impose will equal 180 days dividends on the amount withdrawn subject to penalty plus $25.00
Christmas Club Accounts
If any withdrawal is made from this account after the account has been open seven days or more, the withdrawal must be approved by the Credit Union and an assessment of $3.00 per withdrawal may be imposed.
Vacation Club Accounts
During any month, you may not make more than one withdrawal or transfer to another credit union account of yours or to a third party by means of a telephonic order or instruction or similar order to a third party. If more than one withdrawal is made from this account per calendar month, then the account may be closed and/or charged $3.00 for each withdrawal greater than one per month.
Checking Accounts
|
|
With Share Certificate (Certificate of Deposit) |
Balance equal to or greater than |
Balance less than |
Balance less than |
Balance less than |
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|
Checking Balance or |
|
$225.00 |
$225.00 |
$150.00 |
$100.00 |
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|
Savings Balance |
|
Balance equal to or greater than $500.00 |
|
|
|
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|
Minimum Balance Cost |
None |
None |
$3.50 |
$4.50 |
$5.50 |
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|
Monthly Transaction Costs: |
None |
None |
|
|
|
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|
Cost Per Draft (checks written) |
|
Less than 5 |
6 – 10 |
11 – 20 |
Greater than 20 |
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|
|
|
None |
$0.30 each |
$0.32 each |
$0.40 each |
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|
ACH Deposit CREDIT |
|
-$5.50 (maximum of 1) |
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|
Payroll Deduction Deposit CREDIT |
|
-$5.50 (maximum of 1) |
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|
CUTELE Transfers |
|
FREE |
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|
Transfer Cost (transfers using a teller or mail) |
|
$1.00 for each after 1 |
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Checking with Check Card Accounts
|
|
With Share Certificate (Certificate of Deposit) |
Balance equal to or greater than |
Balance less than |
Balance less than |
Balance less than |
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|
Checking Balance OR |
|
$300.00 |
$300.00 |
$200.00 |
$150.00 |
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|
Savings Balance |
|
$750.00 |
$750.00 |
$500.00 |
$250.00 |
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|
Minimum Balance Cost |
None |
None |
$3.50 |
$5.50 |
$6.50 |
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|
Monthly Transaction Costs: |
None |
None |
|
|
|
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|
Cost Per Draft (checks written) |
|
Less than 5 |
6 - 10 |
11 – 20 |
greater than 20 |
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|
|
|
None |
$0.30 each |
$0.32 each |
$0.40 each |
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|
ATM/POS/Debit Card Transactions |
|
8 Free, $0.25 each thereafter |
|
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|
ACH Deposit CREDIT |
-$6.50 (Maximum of 1) |
|||||||||
|
Payroll Deduction Deposit CREDIT |
-$6.50 (Maximum of 1) |
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|
CUTELE Transfers |
|
FREE |
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|
Transfer Cost (transfers using a teller or mail) |
$1.00 for each after 1 |
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|
Deposits using Check Card or ATM |
$0.75 for each after 4 |
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Dividend Bearing Checking
|
|
With Share Certificate (Certificate of Deposit) |
Balance equal to or greater than |
Balance less than |
|
Checking Balance OR |
|
$1000.00 |
$1000.00 |
|
Savings Balance |
|
$2500.00 |
$2500.00 |
|
Minimum Balance Cost |
None |
None |
$10.00 |
Dividend Bearing Checking with Check Card/TYME
|
|
With Share Certificate (Certificate of Deposit) |
Balance equal to or greater than |
Balance less than |
|
Checking Balance OR |
|
$1000.00 |
$1000.00 |
|
Savings Balance |
|
$2500.00 |
$2500.00 |
|
Minimum Balance Cost |
None |
None |
$10.00 |
Money Market Account
|
|
With Share Certificate (Certificate of Deposit) |
Balance equal to or greater than |
Balance less than |
|
Checking Balance OR |
|
$2500.00 |
$2500.00 |
|
Savings Balance |
|
$2500.00 |
$2500.00 |
|
Minimum Balance Cost |
None |
None |
$10.00 |
|
Cost Per Draft (checks written) greater than 3 |
|
$5.00 each |
|
Business Checking Accounts and Dividend Bearing Business Checking Accounts
|
|
Balance equal to or greater than |
Balance less than |
Balance less than |
Balance less than |
||
|
Checking Balance OR |
$1000.00 |
$1000.00 |
$750.00 |
$500.00 |
||
|
Savings Balance |
$5000.00 |
Balance greater than $2500.00 |
||||
|
Minimum Balance Cost |
None |
$5.00 |
$7.50 |
$15.00 |
||
|
Monthly Transaction Costs: |
None |
|
|
|
||
|
Cost Per Draft (checks written) greater than 3 |
$0.22 each |
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|
Transfer Cost (transfers using a teller or mail) |
$0.16 each |
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