Fee Schedule: Easy Checking

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 Easy Checking Account Guide (PDF)

Effective: September 20, 2018

Easy Checking Account Guide
Checking Account
Monthly Service Fee
$0
 
 
Paper Notice Fee
$5
Per month. To avoid fee, enroll in
E-Notices
 
Bad Email Address Fee
$5
Per month. To avoid fee, maintain a current
email address with the Credit Union
 
Balance to Open
$0
 
 
 
 
Savings Account
New Account Set Up Fee
$0
 
 
Monthly Service Fee
$5
Waived for Youth Accounts
 
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
$10
If account is closed within 90 days of opening
 
Balance to Open Account
$5
 
Fees for using your account when you don't have enough money in it.

Overdraft Fees

NSF Return Fee
$30
For each item returned unpaid
 
Overdraft Privilege (ODP) Fee
$30
For each item paid in accordance with the Credit Union's Discretionary Overdraft Policy
 
Overdraft Protection Fee

$5

For each item paid by transferring funds from your savings or line of credit
 
 
 
ATM Fees
Withdraws at McCoy FCU, Publix & CU Here ATMs
FREE
 
 
Withdraws at all other ATMs
$2
Per withdrawal
 
Balance Inquiry at McCoy FCU, Publix & CU Here ATMs
FREE
 
 
Balance Inquiry at all other ATMs
$1
Per inquiry
 
 
 
Stop Payment Fees
Stop Payment on Check
 
FREE
If placed via myMcCoy or Toni the Teller
 
$25
If placed with a Credit Union Representative
 
Stop Payment on ACH Debit
$25
Only available with Credit Union Representative
 
Stop Payment Removal
$10
Only available with Credit Union Representative
 
 
 
Online Account Fees
myMcCoy
FREE
Access your account 24 hours a day
 
Bill Pay
FREE
 
 
myMcCoy Account to Account Transfer
FREE
 
 
Bill Pay Gift Payment
$2.99
Gift Check
 
$1.99
Charitable Donation
 
Bill Pay Overnight Check
$14.95
Physical check - guaranteed delivery
 
Bill Pay Second Day Check
$9.95
Physical check - guaranteed delivery
 
Paper Statement Fee
$5
To avoid fee enroll in E-Statements
 
 
 
Deposited Items Returned
Items deposited into your account that are returned unpaid
 
$15
If drawn on account other than your own
 
$30
If drawn on your account at another financial institution
 
 
 
Wire Transfer Fees
Wire Transfer Outgoing
$20
Within United States Only
 
Wire Transfer Incoming
$10
 
 
 
 
 
 
 
 
Debit Card and Credit Card Fees
Rush Replacement Card
$25
 
 
Credit Card Late Payment

$25 MAX

No more than the minimum monthly payment
 
Check Returned Unpaid
$25 MAX
No more than the minimum monthly payment
 
Statement Copy
$3
Each
 
Credit Card Cash Advance
3%
Minimum fee of $10
 
 
 
Loan Fees
Mortgage Lien Satisfaction
$25
 
 
Mortgage Application
$30
Charged only if application is approved
 
Skip-A-Pay Fee
$25
Not available for mortgages or credit cards
 
Late Payment Fee
20%
Of interest due - minimum $15 and maximum $25
 
Loan Extension Fee
$25
 
 
Loan Subordination Fee
$100
 
 
Electronic Payment - Phone
$7.99
Single electronic loan payments drawn on your account at another financial institution
 
 
Electronic Payment - Online
$2.99
 
Recurring Electronic Payment Fee
FREE
Set up recurring loan payments with Credit Union Represetative
 
Vehicle Paper Title Rush Fee
$25
 
 
 
 
Safe Deposit Box Fees
Key Deposit
$10
 
 
Drilling Fee
$175
If keys are lost or box rent is not paid
 
3" x 5"
$36
Annually
 
3" x 10"
$48
Annually
 
5" x 10"
$60
Annually
 
10" x 10"
$96
Annually
 
 
 
 
 
 
Other Fees Affecting Your Account
ACH Credits Manual Post
$10
 
 
Bad Mailing Address Fee
$5
Charged monthly to the savings account - keep your address current to avoid this fee
 
Coin Processing Fee
3%
Of coins deposited - waived for Youth and GEC Accounts
 
Dormant Account Fee
$5
Charged monthly to the savings account if no activity for one year or more
 
Foreign Check Deposit
$35
Each
 
IRA Transfer Fee
$30
If funds are sent to another financial institution
 
Money Orders
$1
Each
 
Verification
$10
Of account (letter) or deposit (form)
 
Notary Service
$5
McCoy member per document
$10
Non-member per document
 
 
 
Official Checks
Official Check
$1
Each
 
Payee Official Check Fee
$10
Charged to payee wanting to exchange a member's check for an Official Check
 
 
 
 
Copies
$2
Each for statement and checks - FREE online
 
Account History Printout
$2
FREE online
 
 
 
Collection Fee
Collection Agency Fee
$20
 
 
 
 
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.