FEES & FUNDS AVAILABILITY SCHEDULE

CONTACT US

By Email -
ContactUs@MHVFCU.com

By Phone -
845.336.4444 / 800.451.8373

Effective May 17, 2013

Fee Schedule

 

Account, Inactive (After 24 months of inactivity)

 

$3/month

 

Account, Dormant (After 36 months of inactivity)

 

$5/month

 

Account, Early Closure (within 90 days)

 

$25

 

ATM, MHV ATM

 

No charge

 

ATM, Network ATM
(Waived if $1000+ in savings or checking or for e-Members)

$1/transaction

Bad Address

 

$2/statement

 

Card Replacement

 

$5

 

Collection Item

 

$10 + Cost

 

E-Member Fee for staff-assisted transaction (If it could have been done via an e-channel)

$2

 

Express Mail Service

 

$11.75

 

Fax, Outgoing

 

$1 per page

 

Immigration Letter

 

$10

 

Interim Statement (within first 7 days of the current month)

 

$5/statement

 

International Card/Visa Transaction Fee

 

1%

 

IRA Close-out

 

$15

 

Legal Process (Levy, Restraining Notice, etc.)

 

$100

 

Low Balance, Savings (Waived with $100 in any one account, if under age 18 or with an active loan)

$1

 

Low Balance, Money Market (Waived if required minimum balance for selected account is maintained)

$10

 

Money Orders

 

$4 each

 

Official Check (payable to third party)

 

$5

 

Perks Package (waived with Ultra Checking)

 

$3.95/month

 

Popmoney Transfer ($10 to $1,000 only)

 

$2

 

Popmoney Expedited Transfer ($10 to $1,000 only)

 

$4

 

Protest

 

$15

 

Research/Balancing

 

$20/hour

 

Returned Deposited Items

 

$10

 

Safe Deposit, Box Fee

 

Call for info

 

Safe Deposit, Drilling

 

Cost

 

Safe Deposit, Late Fee

 

$5/month

 

Safe Deposit, Lost Key

 

$10

 

Statement Copy

 

$3/month per account

Tax ID Number invalid or missing

 

$2/month

 

Wire Funds, Domestic

 

$20

 

Wire Funds, International (For Business Accounts Only)

 

$30

 

Checking

 

Business Checking Item Fee

(Per item over 250 items)

$.20

 

Business Ultra Checking Item Fee
(Per item over 350 items)

$.20

 

Business Ultra Checking Monthly Fee

(Waived for average daily balance of $5,000)

$10

 

Check Copies

 

$3/each

 

Check Printing Fees

 

Prices Vary

 

Choice Checking Monthly Fee
(Waived for average daily balance of $2,500)

$6

 

Corporate Checking Monthly Fee
(Waived for average daily balance of $2,500)

$7

 

No-Bounce Service
(For overdrafts created by check, ATM withdrawl or other electronic means)

$30

 

Non-Sufficient Funds
(NSF - Returned Check, ACH, Popmoney or Bill Payer)

$30

 

Overdraft Transfer Coverage
(Per Item)

$2

 

Post Dated Check

 

$30

 

Re-open Closed Account

 

$25

 

Stop Payment

$30

Temporary Checks (four)

 

$1

 

Ultra Checking Monthly Fee (Waived for average daily balance of $5,000 in checking or $15,000 in total deposit and loan balances)

$12

 

 


FUNDS AVAILABILITY SCHEDULE

Funds Availability Schedule

Effective July 1, 2013


Funds Availability Policy: Our policy is to delay the availability of funds from your
cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.

 

Determining the Availability of a Deposit: The length of the delay is counted
in business days from the day of your deposit. Every day is a business day except
Saturdays, Sundays, and federal holidays. If you make a deposit on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit on a day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit and is explained below.


Same-Day Availability: Funds from the following deposits will be available on the
day we receive the deposit.
• Electronic direct deposits
• U.S. Treasury checks that are payable to you
• Wire transfers
• Checks drawn on MHV
• Cash
• State and Local government checks that are payable to you


Next-Day Availability: Funds from the following deposits will be available on the
first business day following the day of deposit.
• Cashier, certified and teller's checks that are payable to you
• Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you
• The first $200 of all checks deposited If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit.


Other Check Deposits:
For other check deposits the first $200 from the aggregate
of deposits will be available on the first business day after the day of your deposit.
The remaining funds will be available on the second business day after the day of
your deposit. Additionally, aggregate deposits in excess of $5,000 will have the
following holds placed: the first $200 will be available on the next business day,
the next $4,800 will be available in two business days and the amount over the first
$5,000 will be available on the seventh (7th) business day.


Longer Delays May Apply: Additionally, funds deposited by check may be delayed
for a longer period under the following circumstances:
• There is reason to believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000 on any one day.
• A check is re-deposited that has been previously returned unpaid.
• You have overdrawn your account and/or have had return deposits repeatedly in
the last six months. An account is considered repeatedly overdrawn if within the
last six (6) months (a) on six (6) or more business days, the account balance was
negative or would have been negative if checks or charges to the account had been paid or (b) on two (2) or more business days the account balance was negative or would have been negative by more than $5,000 if checks or other charges to the account had been paid.
• There is an emergency, such as a failure of computer or communication equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh (7th) business day after the day of deposit.
• We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the 5th business day after the day of your deposit.

 

Special Rules for New Accounts: If you are a new member, the following special
rules will apply during the first thirty (30) days your account is open. Funds from
electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, travelers, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.


Holds on Other Funds: If we accept a check drawn on another financial institution
for deposit or cash, we may make the funds from the deposit or cashed check
available to you immediately, but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available until the time periods that are described elsewhere in this disclosure for the type of check you deposited or cashed.


Deposits at ATMs:
Funds from any deposits (cash or checks) made at ATMs we own or operate will be held until the next business day when the deposit can be verified. Upon verification, all checks will be subject to the hold policy stated above. Funds from any deposits (cash or checks) made at ATMs and POBs we do not operate will not be available until the fifth (5th) business day after the day of your deposit.

 

Third Party Checks: A Third Party Check is a check payable to one party who
endorses the check over to another party. All payees must endorse the check
regardless of the amount. All payees must endorse the item and be present (with
valid I.D.) or named on the account in order for the credit union to accept these items for deposit. Check holds will apply to these items. The credit union also reserves the right to accept a Third Party Check on a collection basis only.

 

Returned Checks: In the event a check which you cashed or deposited to your
account is, for any reason, returned (or is in the process of being returned per
notification from another financial institution) to us unpaid, we shall have the right
to charge the amount of the check to any account which you own individually or
jointly with others, even if we have previously made the funds available to you under this Funds Availability Policy.


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Where to Find Us?

MHV Branches & ATMs

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