RATES, FEES AND ACCOUNT INFORMATION

 

 

RATE AND FEE SCHEDULE

 

 

 

                                       Effective: 09.01.2018

                                    Savings (A)

     Minor Savings (D)

         Holiday (H)

     Super Shares (S)

 Traditional IRA (I)

Balance Requirements

$25

$25

$0

$500

$25

Minimum to Open

$25

$25

$0

$500

$25

Minimum Required for Dividends

$0

$25

$25

$500

$25

Dividends Compounded

Quarterly

Quarterly

Quarterly

Quarterly

Quarterly

Dividends Credited (End of Period)

Quarterly

Quarterly

Quarterly

Quarterly

Quarterly

 

                                         Time Dep. (CD)

                 Regular Checking (X)

 Five Star Checking (9)

 P/R Time Deposit (P)

Balance Requirements

$1,000

$0

$1,000

$100

Minimum to Open

$1,000

$0

$1,000

$100

Minimum Required for Dividends

$1,000

$0

$1,000

$100

Dividends Compounded

Quarterly

Monthly

Monthly

Quarterly

Dividends Credited (End of Period)

 

Quarterly

Monthly

Monthly

Quarterly

 

FEES

 

CURRENT

DESCRIPTION

Account Escheat

$25

per account, per year.

Account Number Change

$40.00

member request to change account number with no fraud present

Account Research

$30.00

per hour, minimum 1 hour for research, member letters, etc.

Account Verification

$10.00

per request (written and verbal) - mortgage, immigration, third party lenders, etc.

ACH Origination Fee

$15

per item / per file.

All Insufficient Funds (NSF)

$25.00

per presentation

All Stop Payments

$25.00

per ACH, electronic item, check or series of checks

ATM Balance Inquiry

$1.00

for non-member card balance inq. at BCFCU ATMs

ATM Transactions

$2.00

for non-member card withdrawals at BCFCU ATMs

Balance Inquiry: (non audio - x phone)

$3.00

per inquiry by phone request

Card Order Rush Fee - Next Day

$55

per card.

Card Order Rush Fee - Non next day

$30

per card.

Card Replacement (Debit & Credit)

$10.00

per card

Carfax Report

$10.00

first one free, each additional is $ 10.

Check Printing

OPEN

per order - fee based on style and type ordered, and is responsibility of member

Closing Account

$5.00

per primary savings (A)

Collection Draft

$10.00

per draft

Collection Fee

As allowed by law

As allowed by law.

Credit Card Balance Transfer Fee

2%

of amount, min. $10.00

Credit Card Cash Advance Fee

$10.00

per advance

Credit Card Foreign Currency Conv. Fee

2%

of transaction amount

Credit Card Late Fee

20%

of payment with minimum $15, maximum $50

Debit Card / ACH Research

$5

per item.

Debit Card Dispute Denial Fee

$30

per dispute, per day, per card.

Excessive Withdrawal

$3.00

per withdrawal in excess of one per month, (A, B, etc.)

Loan Application

$10.00

per application in excess of (4) per year

Lost Title / Lien Release, (initial release NC)

$10

per title, and after initial lien release.

Low Balance Share Account Fee (A only)

$1

per month.

Membership (Lifetime Fee)

$5.00

primary only (A)

Merchant Debit Card Fee (*)

$3.00

per month

Money Orders

$1.00

per money order up to $500.00 face value

Monthly Inactivity

$10.00

per month (any account dormant for 6 months or more.).

Monthly Service Charge - 5 Star Chk.

$10.00

per month - if balance goes below $1,000 anytime during month

Monthly Service Charge - Regular Chk.

$5.00

per month. If direct deposit, monthly fee is waived, OR if monthly balance stays above $300, monthly fee is waived.

 

Negative Balance

$5

per account, per day.

Non-credit card loan Late Fee

10%

10% of payment, with a maximum of $50.

Non-member Check cashing fee

2%

2% of check amount or $5, whichever is greater

Official Teller Check

$4.00

per check, if not made payable to member, minimum $ 500

Overdraft or Negative Acct. Transfer

$6.00

per item or transfer.

Paper Statements

$2.00

per mailing, (monthly or quarterly).

Payroll Check Processing

$5.00

per check

Photocopies

$2

per copy sheet, (checks, statements, etc.)

PIN Mailer (Forgotten PIN)

$5.00

per PIN mailer

Refinance Exisiting BCFCU Auto Loan Fee

$35.00

processing fee to evaluate exisiting BCFCU auto loan term changes

Return Mail Fee

$5.00

monthly fee for account with an incorrect address

Share draft / Check Copy

$5.00

per item

Statement Copy

$5.00

per month

Tax Levy, Garnishment, Freeze, etc.

$50

per account, per item.

Temporary Checks/Deposit Slips

$5.00

for 4 printed temporary checks or deposit slips

Transfers: (non audio - x phone)

$5.00

per transfer by phone request

Wire Transfer - Domestic ONLY

$15.00

per transfer - Outgoing

Wire Transfer - Domestic ONLY

$10.00

per transfer - Incoming.

 

Early Withdrawal Penalties:

Early Withdrawal Penalty - Super Shares and Payroll CD.

2%

of withdrawal amount done outside the period of the first ten days of each quarter, or $5 which ever is greater. Max: $200.

 

 

Early Withdrawal Penalty - Holiday Account

2%

of withdrawal amount done outside the period of Oct 1st to Jan 31st, or $5 which ever is greater. Max: $100.

 

CD Early Withdrawal Penalty (non Platinum)

90 days

of interest on withdrawal amount from Time Deposit, (CD),  whether accrued or not, or $5.00, whichever is greater. Max: $ 200.

 

 

Platinum CD Early Withdrawal Penalty

***

equal to 1/2 the number of days interest remaining on the CD. On the amount of your withdrawal, whether earned or not. Max: $ 200.

 

Minimum $1,000 withdrawal otherwise CD must be closed. (see CV form)

All accounts insured by NCUA up to $250,000.00.

 

 

The credit union reserves the right to waive any fees and charges.  The rates and fees on this schedule are accurate and effective for deposit accounts as of the declaration date.  If you have any questions, please contact the credit union at: 713.704.3980.

 

The rates, fees and terms applicable to your account at BCFCU are provided in this RATE and FEE SCHEDULE. The Credit Union may offer other rates for these accounts from time to time.

 

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Dividends on all share accounts are not guaranteed. Balanced Method: Average Daily Balance. Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period.  

 

Dividends are credited on the last day of the month or quarter. Dividend rates and APY may change as determined by the Credit Union's Board of Directors.

 

When Dividends Accrue: Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Effects of Closing Account: Members will forfeit dividends if they close an account before dividends are credited.

 

Membership Share: $5.00 par value.

 

Other rates, terms and conditions may apply.

 

 

 

 

 

 

 

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