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Fee Schedule: Business Accounts

We've created this easy to follow outline of services, fees and policies to help you understand how this account works. All of our checking accounts also include convenient and hassle-free services such as free online banking and bill pay, and free Visa Debit Card.

Download Business Account Guide (PDF)

Effective: November 1, 2020

Business Checking
Monthly Service Fee
EASY Business Checking
You agree to sign up for myMcCoy
Total Business Checking
- Earns Dividends
You can avoid this fee by maintaining an average daily balance in the checking account of $1500

You can avoid this fee by maintaining an average daily balance in the checking account of $1500
Basic Business Checking

Balance To Open

$50 deposit to the savings account
Fees for using your account when you don't have enough money in it.

Overdraft Fees

NSF Return Fee
For each item returned unpaid
Courtesy Pay Fee
For each item paid in accordance with the Credit Union's Discretionary Overdraft Policy
Overdraft Protection Fee


For each item paid by transferring funds from your savings or line of credit
ATM Fees
Withdraws at McCoy FCU, Publix & CU Here ATMs
Withdraws at all other ATMs
Per withdrawal
Balance Inquiry at McCoy FCU, Publix & CU Here ATMs
Balance Inquiry at all other ATMs
Per inquiry
Stop Payment Fees
Stop Payment on Check
If placed via myMcCoy or Toni the Teller
If placed with a Credit Union Representative
Stop Payment on ACH Debit
Only available with Credit Union Representative
Stop Payment Removal
Only available with Credit Union Representative
Online Account Fees
Access your account 24 hours a day
Bill Pay
myMcCoy Account to Account Transfer
Bill Pay Gift Payment
Gift Check
Charitable Donation
Bill Pay Overnight Check
Physical check - guaranteed delivery
Bill Pay Second Day Check
Physical check - guaranteed delivery
Bill Pay Second Day Electronic
ACH Payment Only
Paper Statement Fee
To avoid fee enroll in E-Statements
Deposited Items Returned
Items deposited into your account that are returned unpaid
If drawn on account other than your own
If drawn on your account at another financial institution
Wire Transfer Fees
Wire Transfer Outgoing
Within United States Only
Wire Transfer Incoming
Savings Account
New Account Set Up Fee
Monthly Service Fee
How to avoid the fee?

- Total funds on deposit on the last day of the month is $50 or more OR;
- You have a loan with McCoy Federal (excludes credit cards)

Early Account Closure Fee
If account is closed within 90 days of opening
Other Fees Affecting Your Account
ACH Credits Manual Post
Bad Mailing Address Fee Bad Email Address Fee 
Charged monthly to the savings account - keep your address current to avoid this fee
Coin Processing Fee
Of coins deposited
Dormant Account Fee
Charged monthly to the savings account if no activity for one year or more
Foreign Check Deposit
IRA Transfer Fee
If funds are sent to another financial institution
Monetary Instruments
Per money order - Official checks are free
Of account (letter) or deposit (form)
Payee Official Check Fee
Charged to payee wanting to exchange a member's check for an Official Check
Notary Service
McCoy member per document
Non-member per document
Checkbook Balancing
Per hour, one hour minimum
Each for statement and checks - FREE online
Account History Printout
FREE online
Collection Fee
Collection Agency Fee
Discretionary Overdraft Payment Information

At our discretion, we may make a payment or honor a withdrawal from your account that exceeds the amount of funds available. A fee will be imposed for overdrafts created by checks, ACH, Point-Of-Sale, ATM withdrawals, in-person withdrawals, or by other electronic means. Overdrafts must be repaid within 32 calendar days.

Processing Payment Order of Items
We process:
  • ACH debits and credits in the morning before the Credit Union opens for business.
  • ATM withdrawals and PIN based point of sale items as the transaction completes.
  • myMcCoy and Toni the Teller as the transaction completes.
  • Signature based point of sale transactions as they are received from the merchant.
Availability of Funds

Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we received your deposit. Electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of deposit.

Credit Union Shares

A minimum balance of $5 is required at all times in the primary savings (share) account. This $5 cannot be used for overdraft protection, automatic loan payments or ATM withdrawals.

Check Orders

The charge for checks ordered through the Credit Union will be automatically deducted from your checking account.

Hold on ATM Deposits

Funds deposited into an ATM will be placed on a hold for two business days. $500 of your deposit will be made available to you immediately.

Non-Member ATM Surcharges

McCoy FCU will charge a $2 surcharge for any withdrawals from a McCoy ATM using a card issued by another financial institution.


This guide is part of your Deposit Account Agreement and contains additional information about the fees and features of your account. For terms governing your account, please consult McCoy Federal Credit Union's Account Disclosure Information brochure and Dividend Rate Sheet. The terms of the account, including fees and features may change.