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Policies & Fee Schedule
Contents:
To receive a copy of First Financial Federal Credit Union's Disclosure of Account Terms, Rate Schedule, and
Check Hold Policy & Funds Availability Information, please contact the main office at 410-321-6060.
USA Patriot Act
The USA Patriot Act requires credit unions and other financial institutions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations against the U.S. and its citizens.
When an account is opened or changed, you will be asked for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying government issued documents. The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts or other extension of credit. The required verification may be inconvenient for some but a strong deterrent for terrorist and other criminals.
You can rest assured that we will only request information required by the law...and that we will use the information only for purposes of complying with the law. Your privacy is our top concern, and we will respect and protect it as always, consistent with the law's requirement.
Thank you for your understanding and help in this critical effort.
Schedule of Fees
This Fee Schedule sets forth conditions, fees and charges applicable to your Regular Share Savings, Checking,
Money Market, IRA, Summer Pay, Christmas Club or Loan accounts at First Financial Federal Credit Union of
Maryland as of August 1, 2007. This Schedule is incorporated as part of your account agreement with First
Financial FCU.
|
| TELLER SERVICES |
FEE |
|
| Wire Transfer: Outgoing Domestic (per transfer) |
$12.00 |
| |
Outgoing Foreign (per transfer) |
$50.001 |
| Stop Payment |
| |
Personal Check (per check) |
$20.00 |
| |
Automatic Debit (ACH) |
$20.00 |
| |
FFFCU Counter Check (per check) |
$20.00 |
| |
Non-sufficient Funds Item (per check) |
$20.00 |
| Non-sufficient Funds |
| |
Per Check or per Automatic Debit |
$20.00 |
| Automatic Transfers from Savings (ID 01) |
$ 1.00 |
| Return of Deposited Checks |
| |
By other Individual (1st presentation) |
$ 2.50 |
| |
(2nd presentation) |
$ 5.00 |
| |
By Self (1st presentation) |
$20.00 |
| |
(2nd presentation) |
$20.00 |
| Check Copies* (over 2 per year, per check) |
$ 2.00 |
| Official Check Copy |
$ 5.00 |
| Statement Copies (per statement) |
$ 2.00 |
| Balance Checkbook to Statement (per hour) |
$10.00 |
| Transaction Document Copies (each) |
$ 5.00 |
| Deposited Item Copy |
$ 5.00 |
| Visa Sale Draft Copy |
$ 10.00 |
| Visa Preauthorized Payment Cancellation |
$ 20.00 |
| Savings Withdrawals (for each over 6 per month) |
$ 1.00 |
| Third Party Cashier's Check |
$ 5.00 |
| American Express Gift Checks |
$ 1.25 |
| Inactivity Fee (per month,charged retroactively at 34th month of inactivity) |
$ 5.00 |
| Dormant Accounts (no activity past 3 years) |
| |
(per year, aggregate share balance less than $50) |
$ 5.00 |
| |
(per year, aggregate share balance more than $50) |
$10.00 |
| Replaced ATM/Visa Debit Card (each) |
$ 5.00 |
| Money Market Withdrawals (for each over 3 per month) |
$ 5.00 |
| Money Market Withdrawals (for each less than $500) |
$ 5.00 |
| Money Order (1 per month) |
$ 1.00 |
| |
(for each over 1 per month) |
$ 3.00 |
| Money Manager Fund Withdrawals (for each over 1 per month) |
$10.00 |
| Tax Levy/Garnishment Fee |
$100.00 |
| Safe Deposit Box Replacement Key (at surrender) |
$10.00 |
| |
(Forcible entry/Replace lock (all keys lost) |
$140.001 |
| Returned Statement Fee (one-time fee) |
$5.00 |
| Below Minimum Balance (Share ID 01 Account) |
$5.00
per month after 90 days |
| 1 Fee represents cost incurred by First Financial. |
| *Fee waived if check copies are for IRS audit. |
|
| LOAN SERVICES |
FEE |
|
| Late Payment (for loan payments received more than 15 days after their due date) |
$15.00 or
5% of monthly payment,
whichever is more |
| Over Credit Limit Fee (each month balance exceeds credit limit) |
$10.00 |
| Credit Evaluation (open-end loans only) |
$ 5.00 |
| Subordination Fee |
$ 50.00 |
| Mortgage Lien Release |
$25.00
plus applicable county/municipality recording fee |
| Check By Phone Loan Payment |
$ 5.00 |
|
| ATM SERVICES |
FEE |
|
| Non-First Financial ATM Transactions: |
| |
For accounts that do not have direct deposit to checking, each transaction over 6 per month: |
$ 1.00 |
| |
For accounts that have direct deposit to checking, each transaction over 8 per month: |
$ 1.00 |
| |
For accounts that have direct deposit to checking and have an active First Financial Visa card,
each transaction over 10 per month: |
$ 1.00 |
| Point of Sale (POS) Purchases |
N/C |
| Allpoint & CO-OP Surcharge-Free ATM Network |
N/C |
| |
(See non-FFFCU ATM transaction above) |
|
| EZ-PAY Online Bill Payer |
FEE |
|
| Enrollment (one time only) |
$ 3.00 |
| Up to 7 monthly bill payment transactions (per month) |
$ 4.00 |
| Additional bill payment transactions - over 7 per month (each) |
$ .35 |
| EZ-Pay Stop Payment - |
| |
Member initiated |
$20.00 |
| |
Return of Payment |
$10.00 |
| EZ-Pay Nonsufficient Funds |
$20.00 |
Ez-Pay is FREE when you maintain a $1000 daily balance
in your First Financial checking account. |
Check Hold Policy & Funds Availability Information
Check Hold Policy
Your check deposits may be subject to a hold based on the location of the "paying bank." All check
deposits made through an ATM will be subject to a hold. If you need funds from a deposit immediately, you
should ask us when the funds will be available. For a complete copy of the "Check Hold Policy & Funds Availability Information"
brochure, please contact our main office at 410-321-6060.
Longer Delays May Apply
Funds you deposit by check may be subject to an extended hold under the following circumstances:
- The check cannot be verified at the financial institution from which it is drawn;
- A check is being redeposited that was return unpaid;
- You have overdrawn your account repeatedly in the last six months;
- Checks deposited on a given day total more than $5,000;
- There is an emergency, such as failure of communication or computer equipment;
- There is reason to believe the check you deposit will not be paid.
Special Rule for New Accounts
For the first 30 days the account is open, check deposits will be held for seven business days. Some exceptions apply including member group payroll checks. Contact our Member Services Call Center for a copy of our "Check Hold Policy & Funds Availability Information" brochure.
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