Check Copy Online

Free

Home Banking

Free

Bill Payer

Free

Point-Of-Sale/Purchase Transactions (any amount)¹

Free

Transfers using CashLine/WebLine

Free

Cash Withdrawals at non-MSCU ATMs from $60 or more²

Free

VISA Bonus Check Card Surcharge Fee-Free Network³

(monthly)  (optional service)

$0.75

ATM Card Surcharge Fee Free Network³ (monthly)      

(optional service)

$0.95

Transaction Over Regulation D Limit

$1.00

Travelers Cheques (per $100)

$1.00

Money Order ($1,000 max)

$1.00

Cash Withdrawals at non-MSCU ATMs less than $60 (each)²

$1.50

Check Copy (over 2 during any 12 mo. cycle each)

$1.50

Printed History (per month or a portion thereof)

$2.00

Automated Transfer Fee (per item)⁴

$2.00

Cashiers Check (if payable to other than account owner)

$2.50

Aggregate Deposit Balance Below $5 (monthly)

$3.00

Foreign Deposited Item

$5.00+

(plus any additional fees charged by processing banks)

Copy of Check Issued by Credit Union

$5.00

Inactive Accounts (monthly)

$5.00

(after 1 year with combined balance below $200)

Wire Transfer In

$6.00

Staff Assistance to Balance Account (per hour)

$10.00

Address Locator Fee (per address/member)

$10.00

Domestic Wire Transfer Out

$15.00

Deposit Item Returned Unpaid

$15.00

Commercial Money Order ($10,000 max)

$15.00+

(Prices vary based on amount of money order.)

Exceeding HELOC/CashLine Credit Limit

$20.00

Closed Account within 6 months

$25.00

Tax, Levy, Garnishment

$25.00

Non-Sufficient Funds/Overdraft Advance⁵

$30.00

Stop Payment⁶

$30.00

Loan Payment Check Returned Unpaid

$30.00

International Wire Transfer Out

$35.00

Mortgage Modification

$100.00

Bridge Loan Processing Fee

$250.00

1 Transactions made outside of the U.S. will incur an International Transaction Fee for 1% of the transaction.

2 ATMs owned and operated by other Financial Institutions may impose a surcharge on you for using their machine. A notice about the surcharge will appear on the ATM before you make a transaction.

3 Optional service.

4 Automated Transfer to cover an overdraft.

5 By check/draft, ACH, bill payment or ATM/Check Card/Point of Sale Transaction.

6 By check/draft, ACH, bill payment.

Information on the Federal Reserve Board’s Regulation D and Your Account
 
For your protection, your accounts are regulated by the Federal Reserve Board.  The Federal Reserve Board’s Regulation D limits the number of certain withdrawals and transfers from your savings accounts. All financial institutions are subject to this regulation. 

Examples of MSCU savings accounts affected by this regulation are Regular Share (Savings), Club, and Money Market Investment accounts.  Transactions on MSCU Checking Accounts are not limited by this regulation.
 
Regulation D, allows you up to six (6) preauthorized or automatic withdrawals or transfers to another account at the same credit union or to a third party during a calendar month.  You may have no more than three (3) of these six (6) transfers caused by check, debit card, or similar order, clearing your account.  A "preauthorized transfer" includes any arrangement you or the credit union make either to pay a third party from your account, one time, on written or verbal instruction, or to pay a third party from your account on a fixed schedule such as any ACH authorizations.
 
The table shown below indicates the limitations of various types of transactions.

Transaction not subject to limitation:

Transactions limited to six (6) per month:

Transactions made in person

Transactions made at an ATM

One time transactions initiated by letter mailed to credit union

One time transactions initiated by messenger

Transactions to pay a Loan or Visa with MSCU

Transfers and payment to third parties initiated by:

Automated Clearinghouse (ACH)

Home Banking

Telephone

Fax

E-Mail

To Cover Overdrafts

Transactions limited to three (3) per month:

Transfers and payment to third parties initiated by:

Cashier Check

Debit Card

Transaction requests that exceed the six (6) per month limitation or the three (3) checks, debit card, or point-of-sale limitations per calendar month will be accessed a $1 fee.  If any member should exceed the transfer limits more than three (3) times in a year, MSCU may refuse or reverse the transfer, and the account will be subject to a returned share draft and an NSF return item fee.

Tips to comply with Regulation D

• Allocate more of your direct deposit or payroll deduction funds to be applied directly to your Checking Account.

• If you use WebLine or Internet Banking to transfer from one of the regulated
  accounts to your Checking Account to cover checks, plan ahead and make one large transfer instead of several smaller ones.

• If you use MemberPay (online bill payment service) and have your primary source of your overdraft protection one of the regulated accounts, schedule your payments for one process date each week and you will only have one automatic overdraft transfer per week which will count toward your monthly limit of six (6).

• Set up ALL preauthorized electronic funds transfers (ACH) and electronic
  withdrawals from your Checking Account not your regulated accounts.  For example, if you have an insurance premium, car or mortgage payment automatically withdrawn from your Savings Account, you are subject to Regulation D limitations.

• Use your MSCU CashPlus Line of Credit as the primary source of your overdraft protection.   Please contact our loan department to set this up as your current Checking Account coverage option or to apply for this overdraft protection.