Fee Schedule for Business Accounts
Effective 10/2022
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| Account Services | Fee |
|---|---|
| Blank checks | $1.00
|
| Cash intensive business fees | Money Service Business (per month) : $500.00
ATM Operator (per month): $100.00 |
| Check printing | Prices vary
|
| Computer printout of account activity | $3.00
|
| Copy of statement (per item over 25 per year) | $4.00
|
| Copy of a deposited or paid check (per item over 25 per year) | $4.00
|
| CU Official Check, payable to 3rd party | $7.00
|
| Escheatment fee | $25.00
|
| Guaranteed check | $5.00
|
| Item sent for collection | CU Cost + $15.00
|
| Legal processing – including, but not limited to child support, court restraints, tax levies (per item) | $150.00
|
| Legal / photocopying (per item) | $1.00
|
| Legal research (per hour) | $30.00
|
| Money order | $4.00
|
| Overdrawn account (debit card) | $40.00
|
| Overdraft from savings (per item) | $5.00
|
| Phone payment fee | $5.00
|
| Privilege Pay item | $40.00
|
| Protest HVCU check | $10.00
|
| Protest non-HVCU check | CU cost
|
| Remote Deposit Capture | Up to 150 items (per month) $15.00
151 – 300 items (per month) $30.00 Unlimited items (per month) $45.00 |
| Research or checking account balancing (per hour) | $20.00
|
| Returned item | ACH / check (drawn off HVCU): $40.00
ACH origination: $40.00 Deposited / cashed check: $12.00 |
| Returned mail item | $5.00
|
| Stop payment on check or ACH | $35.00
|
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| Bill Pay Services | Fee |
|---|---|
| Monthly service – Value Business Checking, unlimited transactions | $5.95
|
| Non-sufficient funds (NSF) check drawn on HVCU | $40.00
|
| Overdrawn account | $40.00
|
| Overnight payment | $20.00
|
| Stop payment | $35.00
|
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| Value Business Checking | Fee |
|---|---|
| Cash processing fee after $5,000 allowance per $100 | $0.15
|
| Combined ACH / check transactions | Over 250 per month (per transaction): $0.15
With 2 additional cash management services1: $0.12 With 3 additional cash management services1: $0.091 |
| Low balance / below $2,500 (per month) | $10.00
|
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| Enhanced Business Checking | Fee |
|---|---|
| Cash processing fee after $20,000 allowance per $100 | $0.15
|
| Combined ACH / check transactions | Over 500 per month (per transaction): $0.20
With 2 additional cash management services1: $0.17
With 3 additional cash management services1: $0.14
|
| Low balance / below $10,000 (per month) | $30.00
|
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| Business Money Market | Fee |
|---|---|
| Tiered money market account withdrawals and transfers exceeding 6 per month (per occurrence) | $10.00
|
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| Business Visa Credit Card Services | Fee |
|---|---|
| Card replacement | $5.00
|
| Cash advance | 3% of advance amount
|
| Copy of statement (per item over 25 per year) | $4.00
|
| International transactions | Exchange rate + 1% of transaction
|
| Late payment | Visa Platinum: $35.00
|
| Photocopy of purchase receipt | $2.00
|
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| Business Visa Debit Card Services | Fee |
|---|---|
| Card replacement | $5.00
|
| Foreign transaction fee | Exchange rate + 1% of transaction
|
| Network ATM transaction using Visa Debit Card (each occurrence over 15 per month) | $2.00
|
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| Funds Transfers | Fee |
|---|---|
| Western Union Quick Cash | Domestic: CU Cost
International up to $500: CU cost + $10.00 International $500.01+: CU cost + 2% of principal |
| Wire transfer to another financial institution | Domestic: $25.00
International: $50.00
|
| Wire transfer from another financial institution | $12.50
|
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| Cannabis Related Business (CRB) | Fee |
|---|---|
| Non-refundable application fee | $250.00
|
| Monthly maintenance fee | $500.00
|
| Business site inspection | $100.00
|
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| Other | Fee |
|---|---|
| Expedited Delivery | FedEx or UPS – delivery by 10:30 am or 3 pm next day: CU cost
US Postal Service Express Mail – delivery schedule based on zip code: CU cost |
| IRA transfer to another financial institution | $30.00
|
| Night deposit bags (per 100 count) | $32.00
|
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Important Legal Disclosures & Information
Fees incurred by an IOLA checking account will be charged to the primary Business Membership Account.
1Cash Management Services include: Remote Deposit Capture (RDC), Business Internet Banking, Merchant Services, and Payroll Services.