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Fees

Current as of:  December 25, 2019


Debit Card Service Charges
Fee
Debit card fee (must have checking account)
 
Standard designs
No charge
Premium designs (at initial issue and card expiration reissue)
$10
ATM transaction service charge (our machines)
No charge
ATM balance inquiry service charge on machines other than IUCU, Alliance One or CO-OP network ATM, per inquiry
$.50
ATM transaction service charge on machines other than IUCU, Alliance One or CO-OP network ATM, per transaction
$2
Debit card replacement, each
$5
Debit card rush order
$35
Debit card Point of Sale (POS) transactions
No charge
MasterCard Cross Border and Currency Conversion Assessments
(one or both applicable to International Transactions)
Cross Border Assessment
(transactions at non-U.S. merchants or ATMs)
0.9% of transaction amount
Currency Conversion Assessment
(transactions in currencies other than U.S. Dollars)
0.2% of transaction amount

Any national, regional, or local network used to complete the transaction may impose a fee, and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer.

 

Savings Service Charges
Fee
Early account closure fee†
$25
Money Market Savings account
Minimum balance $1,000 or more
No charge
Minimum balance under $1,000 (at any time during month)
$10/month

† Applies when Membership Savings is closed within 90 days of opening.

 

 

Checking Service Charges
Fee
Free Checking
No charge
Platinum Checking account
Minimum balance $10,000 or more
No charge
Minimum balance under $10,000
$20/month
Money Market Checking account
Minimum balance $1,000 or more
No charge
Minimum balance under $1,000
$10/month
Renew Checking account*
$10/month

*This product is only available at our Monroe County branch locations.

 

Other Checking Fees
Fee
Checking overdraft protection options:
From savings
$3 per transfer*
From personal Line of Credit loan (upon approval), unlimited number of transfers
No charge
Overdraft Privilege (ODP) Fee^ per presentment (checks, ACH, ATM and debit card transactions)
$30
Return item fee (per presentment)
$30
Temporary checks (availability may vary by location), 4 per page
$1.00 per page, 5 page maximum
Check copy, limit 5 checks per month
No charge
Check copy, per check over 5 checks per month
$1
Deposited or Cashed Check - Return item (any check deposited or cashed at IU Credit Union and returned unpaid)
$10
Check order (printed checks)
Prices vary depending on style ordered. Contact us for current prices.

*Overdraft protection fee is deducted from the checking account. Membership and Savings (excluding Money Market Savings) under the same account number as the checking account, may be used as overdraft protection.

^Some of these charges may require an opt in.

 

Safe Deposit Box*
Annual Fee
3" x 5"
$15
3" x 10"
$30
5" x 10"
$50
7" x 10"
$70
10" x 10"
$100

*Available at Winslow (see branch hours) & Center Grove (see branch hours) branches only. Based on availability.

 

Cashier's Checks and Money Orders
Fee
Cashier's checks, made payable to member:
Limit one per day
No charge
More than one per day
$5
Cashier's checks, made payable to another party
$5
Money orders
$3

 

Notary Services and Signature Guarantees
Fee
Notary service
No charge
Signature guarantees
No charge

 

Research
Fee
Balancing assistance, last issued statement
No charge
Balancing assistance/account research
$15/hr
Statement copy
$3/statement

 

Online Banking / Mobile Banking / Online Bill Pay
Fee
Online Banking
No charge
Mobile Deposit, limit 10 checks per month
No charge
Mobile Deposit, each deposit over 10 checks per month
$.50
Online Bill Pay
No charge
Stop payment fee on bill
$30

 

Miscellaneous Fees
Fee
Account transaction history fee
$2
Inactive account fee*
$5/month
Telephone transfer fee^
$3/transfer
Stop payment order (to add or remove)
$30
Garnishment processing fee
lesser of $20.00 or account balance
MasterCard Gift Card activation fee
$3
Deposit bag, zippered
$5
Foreign check/bank processing fee
Minimum $47† per item
Wire transfer out, foreign
$40 plus intermediary bank fee**
Wire transfer out, domestic
$25
Wire transfer in
$10
Wire transfer, research
$15
Automatic Loan Payment (ProPay Pass Through Fees)
 
ACH
No Charge
Debit Card, per payment
$4.95
Return Payment Fee
$10.00
Deposited or Cashed Check - Return item (any check deposited or cashed at IU Credit Union and returned unpaid)
$10
Bad address fee
$3/month

*Applies to accounts (primary owner is 18 or older) inactive for 6 months, with a cumulative balance less than $500 and no active loans, IRAs, safe deposit boxes or certificates.

^Excludes Bank-by-Phone transfers

**Contact us for current fee amount

†Additional fees may apply. Will not accept check valued less than $200 U.S. for collection. Contact us for current fee amount.

Because of the complexity and rapidly changing nature of the economy and financial services industry, the IU Credit Union reserves the right to modify any of its services and charges without prior notice.

© 2020 IU Credit Union. All Rights Reserved.

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