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Fee Schedule

Effective June 18, 2014

  • All Transactions made at MITFCU ATMs - Free
  • Point-of-Sale Transactions - Free
  • ATM Surcharge Fee (after 8 free ATM withdrawals/month at non-MITFCU ATMs) - $1.50°
  • ATM Surcharge Fee (after 8 free ATM balance inquiries/month at non-MITFCU ATMs) - $1.00°
  • Card Replacement Fee - $15.00*
  • Emergency Card Replacement Fee - up to $75.00
  • Use of Out-of-Network Cards at MITFCU ATMs - $2.25
  • International Transaction Processing Fee - (Includes any transaction converted to U.S. currency and any cross border transactions where the licensed MasterCard© merchant and the issuer are located in different countries.) - Up to 2% of the transaction amount

Checking

  • First Order of Basic Checks - Free
  • Member Check Order, based on style - Varies**
  • Insufficient Funds Fee (each) - $25.00
  • Uncollected Funds Fee (each) - $10.00
  • Negative Balance Fee (paid) - $25.00
  • Stop Payments (each) - $15.00
  • Copy of Check (each) - $5.00
  • Share-to-Share Overdraft Protection (per use) - $5.00

Plus Checking Accounts
Plus Checking Below Minimum Balance Fee (if daily balance falls below $2,500) - $5.00/mos

Select Checking Accounts
Select Checking Below Minimum Balance Fee (if daily balance falls below $10,000) - $8.00/mos

Select Savings Accounts

Subsequent withdrawals and transfers, each (Select Savings>1 Withdrawal Fee; One free withdrawal/transfer per calendar month.) - $25.00

Money Market Accounts

Subsequent withdrawals and transfers, each (MMDA >3 Withdrawal Fee; Three free withdrawals/transfers per calendar month.) - $25.00

American Express® Products

  • Travelers Cheques - Free
  • Travelers Cheques Gift Cheques (Amex Product Fee) - $2.50*
  • Travelers Cheques Gift Cards (Amex Product Fee) - $3.95*

Loans

Late Payment Fee (applies to all consumer loans, home equity loans, and lines of credit) - $25.00

Visa® Credit Cards

  • Late Payment Fee (each) - $25.00
  • Card Replacement Fee - $15.00*
  • Emergency Card Replacement Fee - (2-3 day rush) - $50.00
  • (same day rush) - $75.00
  • Checks or electronic payments returned for insufficient funds or uncollected funds (each) - $25.00
  • Copy of statement or sales draft (each) - $5.00
  • Copy of travel and entertainment draft (each) - $25.00
  • International Transaction Processing Fee - (Includes any transaction converted to U.S. currency and any cross border transactions where the licensed Visa® merchant and the issuer are located in different countries.) - Up to 2% of the transaction amount

Mortgages

  • Preparation of Confirmation Discharge - $50.00
  • Preparation of Subordination Agreement - $50.00

Student Loans

  • Origination Fee - None
  • Pre-payment Penalty - None
  • Late Fee - 5% of payment amount
  • Insufficient Funds Fee - $20.00

Bill Payment Service

  • Bill Payment Insufficient Funds Fee (each) - $25.00
  • Electronic Items Returned Fee (each) - $25.00

Funds Transfer

  • Standard Outgoing - $2.00
  • Next Day Incoming or Outgoing - $5.00
  • International Wire Transfer Fee (outgoing) - $30.00
  • Domestic Wire Transfer Fee (outgoing) - $15.00
  • Return Deposit Check Fee (each) - $25.00
  • Statement Copy Fee (each) - $5.00
  • Copy of Canceled Check (each) - $5.00
  • Account Levy Fee - $20.00
  • Abandoned Account Processing Fee - $50.00
  • Account Research Fee - $20.00/hr
  • Dormant Account Fee (Starting the 24th month of account inactivity) - $5.00/mos

* Free for Smart Money Rewards members

** Smart Money Rewards members receive free orders of single, basic style checks. One set per order. Call 617.253.2845 during business hours to place your order.

° Smart Money Rewards members receive up to $5.00 per month in ATM surcharge reimbursements