Disclosures and Fees
TIPS TO AVOID FEES
Let’s face it, nobody likes paying unnecessary fees. And we don’t want to charge unnecessary fees. Although there are some fees that cannot be avoided when you choose to use a particular product or service, there are ways to avoid or reduce some fees altogether. You may be able to reduce or eliminate some fees with our Member Rewards Program. Here are some additional helpful tips for the most common fees:
ATM SURCHARGE
You can obtain cash without surcharge fees at any VSECU ATM or CO-OP ATM in the U.S. These ATMs are owned by credit unions and no fee is imposed.
OVERDRAFT
Keep an accurate record of your checking account to avoid overdrawing your checking account and getting charged with these fees.
EXCESSIVE WITHDRAWAL
You can avoid this fee by making sure you don’t use your savings account as a transaction account. Try to keep monthly transactions to less than six per month.
STATEMENTS/CHECKS
If you sign up for online access and enroll in e-Statements you can download a copy of your statement or a copy of a check yourself and print it at home or work.
DISCLOSURES
UNDERSTANDING ATM FEES
We will not charge you a fee when you use your VSECU ATM card, whether or not you are using your card at an ATM within our network. However, non-VSECU ATM owners will assess a surcharge fee for use of their ATM. To limit surcharge fees, you can avoid using non-VSECU ATMs and ask for cash back when you use your debit card at the grocery store or at other retail outlets. There may be a dollar limit on the amount of cash back you are able to receive from the retailer and some retailers may charge a fee, but cash back fees are generally a lot lower than surcharge fees charged by an ATM owner. You can also obtain cash without surcharge fees at any CO-OP ATM in the United States. These ATMs are owned by credit unions and no fee is imposed for use. Additionally, ATM surcharge rebates are available for Advantage and Advantage Plus members.
| ATM | Foreign ATM Fee | Surcharge Fee |
|---|---|---|
| Using a VSECU ATM | No fee when using a VSECU card. | No fee when using a VSECU card. |
| Using a Non-VSECU ATM | No fee when using a VSECU card. | Surcharge fees are assessed by ATM owner. No surcharge fee at CO-OP ATM locations. Plus, we will rebate up to $8 per month in surcharge fees from all other ATMs based on overall relationship with VSECU. |
UNDERSTANDING ACCOUNT FEES
Account fees are assessed when unfavorable transactions occur on your accounts. These fees are assessed to cover any costs due to VSECU and/or are associated with additional account maintenance resulting from the transaction. Assessing these fees on an individual basis allows us to continue to return the best rates to the membership as a whole. You may be able to reduce or eliminate some fees with our Member Rewards Program.
| Action | Fee |
| Overdraft Protection Transfer | $3.00 each |
|---|---|
| Returned Statement | $5 – future mailings suspended until address is corrected |
| Non-Sufficient Funds (NSF)/Overdrafts (applies to non-sufficient funds or overdraft items created by check, in-person and ATM withdrawal, or other electronic means) | $28 per NSF item returned or per Overdraft item paid |
| Uncollected Funds | $28 per item, paid or returned |
| Closed Membership | $20 if closed within 90 days |
| Inactive Checking Account | $5 per month if no activity on checking account for 365 days & end-of-month balance is less than $100 |
| Single Service Fee (Applies to members who have only a Share Savings account and no other accounts or joint relationship accounts at VSECU, with less than a $100 end-of-month balance in the Share Savings account. Members under age 21 and over age 65 are excluded.) | $5 per month (if applicable) |
| Failed ACH Payment | $20.00 each |
| Edge Pay Subscription | $4.95 monthly |
UNDERSTANDING SERVICE FEES
Service fees are assessed on an individual basis for additional services requested of VSECU. These fees are assessed only when applicable for a service provided. This allows us to keep operating costs low for the overall membership and return the best rates possible for deposit and loan products. You may be able to reduce or eliminate some fees with our Member Rewards Program.
| Service | Fee |
| Account Reconciliation/Research | $25.00 per hour |
|---|---|
| Account to Account (A2A) Outbound Transfers | $3.00 each |
| Account to Account (A2A) Failed Transactions | $25.00 each |
| Domestic Wire Transfer (outgoing) | $20.00 each |
| Domestic Wire Transfer (incoming) | $10.00 each |
| Money Orders | $5.00 each |
| ATM Surcharge | Other institutions may charge to use their ATMs. See free ATMs. |
| Card Replacement (ATM or Debit) |
$10 Standard; $40 Expedited |
| Paper Statement Copy | $5 per statement (e-Statements free with enrollment) |
| Official Check/Money Order Replacement | $20.00 each |
| Official Check (Cashier’s Check) | $5.00 each |
| Paper Check Copy | $3.00 each (digital copy free with online banking enrollment) |
| Check Order Prices | Varies by style |
| Temporary Checks | $2 for a sheet of 4 checks |
| Bill Pay Same Day Electronic Payment | $9.95 per transaction |
| Bill Pay Overnight Check Payment | $14.95 per transaction |
| Legal Processing (writ, levy, etc.) |
$50 each |
| Stop Payment (Check or ACH) | $20 per item; or multiple items within a range |
| Abandoned Property/Escheatment Processing Fee | $25 per membership |
