Schedule of Fees
This list provides information on fees that apply to your accounts, as well as to other services offered by the IDB Global Federal Credit Union.
Effective Date: March 28, 2024
MEMBERSHIP |
|
| Minimum balance required (Regular Share Savings Account) | $50.00 - $2 Membership Fee Permanently Waived |
ACCOUNT RESEARCH |
|
| Per hour charge | $25.00 |
| Minimum charge | $5.00 |
BILL PAYMENT |
|
| Stop payment, per item | No Charge - Fee Permanently Waived |
| Return item | $25.00 |
FOREIGN COLLECTION ITEMS |
|
| Checks | $65.00* - Additional Courier Charge of $15 Permanently Waived |
COPY OF ACCOUNT STATEMENT |
|
| With access to Online Banking and E-statements up to 18 months, per statement: | $5.00 |
| With access to Online Banking and E-statements over 18 months, per statement: | No Charge |
DEPOSITED CHECKS RETURNED |
|
| Other party check not issued by depositor | No Charge |
| Own check | No Charge |
LEVY GARNISHMENT |
|
| Levy garnishment | $35.00** |
DORMANT ACCOUNTS |
|
| Dormancy fee | $5.00 |
ELECTRONIC TRANSFERS |
|
| E-Transfer (Standard Delivery) | No Charge |
| E-Transfer (Next Day Delivery) | $3.00 - Fee Permanently Reduced from $10.00 |
| Zelle® transfer | No Charge |
WIRE TRANSFERS |
|
| Incoming wire | No Charge |
| Domestic outgoing wire | $20.00 |
| International outgoing wire (US$ or foreign exchange) | $28.00 |
| Wire recall or correction | No Charge - Fee Permanently Waived |
ESCHEAT |
|
| Escheat account processing fee | $25.00*** |
MASTERCARD® DEBIT CARD FEES(Refer to Debit-Card disclosure for more details) |
|
| First 10 ATM transactions, per month | No Charge |
| Each additional transaction, per month | No Charge |
| Card replacement | No Charge Fee Permanently Waived |
| Rush order | $30.00 |
| Receipt copy request (per item) | $5.00 |
| International transaction fee | 0.00% |
| Currency exchange fee | 0.20% |
NOTARY SERVICES |
|
| Member, per document | No Charge |
| Non-Member, per document | $2.00 |
SHARE DRAFT (CHECKING) & SAVINGS ACCOUNT |
|
| Each non-sufficient funds (NSF) item | $25.00 |
| NSF Item: Re-presentment (When flagged as RETRY at Company Entry Description and fee was previously charge) | No Charge |
| Purchase of official check | No Charge |
| Stop payment request | No Charge Fee Permanently Waived |
| Stale dated check fee for closed account | $50.00 |
REAL ESTATE LOAN FEES |
|
| Loan application fee | $200.00** |
| Loan processing fee | $300.00** |
| Loan underwriting fee | $250.00** |
| Interest fee "Lock-in" fee | 0.125% of Loan Amount |
| Lock-in extension fee | $250.00 |
| Subordination agreement | $150.00 |
| Home Equity application fee | $100.00 |
LOAN COMMITMENT FEE |
|
| Loan amount $50,000 - $726,200 | $575.00 |
| Loan amount $726,201 - $1,089,300 | $725.00 |
| Loan amount $1,089,301 - $1,250,000 | $875.00 |
| Loan amount $1,250,001 - $1,375,000 | $1,075.00 |
| Loan amount $1,375,001 - $2,000,000 | $1,575.00 |
VISA CREDIT CARD |
|
| Annual fee classic | No Charge |
| Annual fee platinum | No Charge |
| Late Payment | $25.00 |
| Returned payment check | $25.00 |
| Minimum payment | 3.00% or $20.00**** |
| Currency conversion | 0.00% |
| Cash advance fee | No Charge |
| Minimum cash advance | $25.00 |
| Minimum finance charge | None |
| Credit card replacement | No Charge |
| Domestic rush fee | $45.00 |
| International rush fee | $90.00 |
All fees subject to change without notice.
Footnotes:
(*) Foreign checks payable in foreign currency or U.S. Dollars without a U.S. ABA# in MICR line are handled as a collection item by the Domestic or International Collections Dept.
Foreign checks that are not eligible for provisional credit are handled as Foreign Check Collections. Credit is not provided until we receive the payment from the foreign bank. The Credit Union will mail an acknowledgement notice confirming your deposit has been received.
- A foreign check collection will take 4-6 weeks on average to complete (varies by country).
- A minimum check value of 150.00 US is required to process a check collection item. This is to avoid processing fees from exceeding the value of the check and resulting in a debit to the depositor.
- Foreign bank fees vary by country and bank. The higher the check value, the higher the fees could be.
- If the country and currency of a check do not match (exception noted above), the check must be processed as a collection.
(**) This fee is non-refundable
(***) This fee is non-refundable and it is charged to process a member’s account when an account is considered to be abandoned for a period of 3 years and the funds have been sent to the DC Government.
(****) The higher of the two.