Summary of SECU Dividend - PDF document

1 Summary of SECU Dividend Checking Accou
Summary of SECU Dividend Checking Account Fees and Terms As of 5 - 31 - 20 This summary presents someof the importantfeatures andfees relatedto SECU’s dividend checking accounts. For more details, please refer to the information provided in SECU’s Account Rules and Regulations. Minimum Deposit to Open Account $0.00 Monthly Maintenance Fee $1.00 Members may choose between donation to SECU Foundation or payment of the Dividend Rate Dividend Competitive dividend rates. Fees and other conditions may reduce earnings. Rates Account Opening and Usage Overdraf t Transfer Service Funds Availability Contact Us Processing of Items Maximum Number of Checks, Teller Cashed Items, and Another Chance Items per Statement to Avoid Service Charge 50 $0.20 fee per item in excess of 50 per statement period Maximum Number of BillPay Payments per 50 $0.20 per BillPay payment in excess of 50 per statement period Statement to A void Service Charge ATM Fee W hen U sing CashPoints ATMs $0.00 ATM Fee W hen U sing VISA/Plus ATM 1 $0.75 $0.35 Per completed transaction or inquiry Per incomplete transaction or inquiry NSF (Non - Sufficient Funds) Fee $0.00 $12.00 On NSF Fee Free Days 2 Per NSF item after two NSF Fee Free Days 2 Returned Check Handling Fee (transit returned $5.00 Per returned check each time the check is presented for payment and returned items) from a deposit Stop Payment Fee $8.00 Per item Account Closing Fee $0.00 SECU offers Overdraft Transfer Service whereby available funds are transferred from designated share and deposit accounts, lines of credit, and credit cards (protecting accounts) to help prevent items from incurring NSF Fees or your checking account becoming overdrawn. Overdraft Transfer Service may be requested or removed from new/existing checking accounts by the account holder at any time. Option A: No Overdraft Transfer Service (Default) If you choose not to opt in to our Overdraft Transfer Service, transactions that would cause an overdraft transfer will generally be returned unpaid and your checking account will be charged an NSF F ee for each returned check or ACH item . Option B: Overdraft Transfer Service Overdraft Transfer Increments: Overdraft Transfer Service Fee $0.00 On Overdraft Fee Free Days 3 Share and Deposit accounts, credit cards, and personal lines of credit: $50 4 Overdraft Transfer Service Fee $0.50 Per transfer after two Overdraft Fee Free Days Home Equity Lines of Credit: $500 SECU generally posts items presented on your account in the following order: 1. All deposits and other credits 2. Authorized debits 5 (lowest to highest dollar amount), including certain fees 3. Safe deposit box rental 4. ACH debits (lowest to highest dollar amount ) 5. Checks (lowest to highest dollar amount ) 6. Other Fees Funds deposited to your account are generally available for immediate w ithdrawal: Cash deposit with a teller same business day Cash deposit at a CashPoints ATM same business day same business day Check deposit with a teller n ext business day Check deposit at a CashPoints ATM same business day same business day Direct deposit If SECU delays funds availability on a portion of a deposit into a checking account, CPG account, or HSA, the first $2 25 of that deposit will be made available the samebusinessday. A “business day” is anon - holiday weekday. The end of a business day is no earlier than 5:30 pm. If you have questions or concerns regarding your account or an SECU service, please tell us about it! Contact your local branch Call SECU’s 24/7 Member Services at (888) 732 - 8562 Send a Secure Message online through Member Access (www.ncsecu.org) or SECU’s Mobile App Federally insured by NCUA 1 When you use an ATM not owned by us, you may be charged a transaction fee by the ATM operator and you may be charged a fee fo r a balance inquiry even if you do not complete a transaction 2 NSF Fee Free Days are the first two days of a calendar year in which NSF Fees would otherwise be incurred. 3 Overdraft Fee Free Days are the first two days of a calendar year in which Overdraft Transfer Services Fees would otherwise b e incurred. 4 Overdraft Transfer Service transfers up to the entire whole dollar balance in the protecting account if this is enough to cov er the item(s) presented for payment plus the $0.50 Overdraft Transfer Fee. 5 Authorized debits are items that SECU is obligated t o pay because SECU provided authorization at the time you initiated the transaction. Authorized debits include debit card transactions, ATM withdrawals, withdrawals performed in a branch, automatic fund transfers, and some SECU fees. Page 1 of 1