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Business Services Fees

Current as of:  November 27, 2024


Business Debit Card Service Charges
Fee
Debit card fee (must have checking account)
No charge
ATM transaction service charge (IU Credit Union ATMs)
No charge
ATM balance inquiry service charge on machines other than IUCU, Alliance One or CO-OP network ATM, per inquiry
$.50
ATM transaction service charge on machines other than IUCU, Alliance One or CO-OP network ATM, per transaction
$2
Debit card replacement, each
$5
Debit card rush order
$35
Debit card Point of Sale (POS) transactions
No charge
Mastercard Cross border and Currency Conversion Assessments (one or both applicable to International Transactions):
0.9% of transaction amount - Cross Border Assessment (transactions at non-U.S. merchants or ATMs)
0.2% of transaction amount - Currency Conversion Assessment (transactions in currencies other than U.S. Dollars)

Any national, regional, or local network used to complete the transaction may impose a fee; and you may be charged a fee for a balance inquiry even if you do not complete a transaction.

 

Savings Service Charges
Fee
Early account closure fee
Applies when Membership Savings is closed within 90 days of opening.
$25
Money Market Savings account
Minimum balance $1,000 or more
No charge
Charge per month if balance falls below $1,000
$10

 

Business Checking Service Charges
Fee
BusinessFREE Checking
Up to 50 checks paid per month
No charge
Greater than 50 checks paid, per item
$0.15
BusinessPLUS Checking
Minimum balance $2,500 or more
No charge
Minimum balance under $2,500, per month
$10
Up to 100 checks paid, per month
No charge
Greater than 100 checks paid, per item
$0.15
BusinessANALYSIS Checking
Varies

Account activity will be monitored. If deemed necessary, based on the number of items processed, IU Credit Union has the option to convert the account. If your checking account is already a BusinessANALYSIS, your fee may be adjusted accordingly.

 

Checking Fees
Fee
Checking overdraft protection options:
From savings, per transfer
Overdraft protection fee is deducted from the checking account. Savings accounts under the same account number as the checking account, excluding IRA savings, may be used as overdraft protection.
$3
Temporary checks* 4 checks per page, cost per page
*5 page maximum. Availability may vary by location.
$1
Check copy, up to 5 checks per month
No charge
Check copy, each check over 5 checks per month
$1
Check order (printed checks)
*Prices vary depending on style ordered. Contact us for current prices.
Varies*

 

Safe Deposit Box*
Annual Fee
3" x 5"
$30
3" x 10"
$45
5" x 10"
$65
7" x 10"
$85
10" x 10"
$125

*Available at Winslow (see branch hours) & Center Grove (see branch hours) branches only. Based on availability.

 

Miscellaneous Fees
Fee
Account transaction history, print copy fee, per account
$5
Inactive account fee, per month
Inactive for 6 months, with a cumulative balance less than $500 and no active loans, safe deposit boxes or certificates.
$5
Telephone transfer fee, per transfer
$3
Check stop payment (to add or remove), per request
$30
ACH return fee, per presentment
$30
Cashier's check, made payable to member on account, limit one per day
No Charge
Cashier's check, made payable to member on account, more than one per day
$5
Cashier's check, made payable to another party
$5
Garnishment processing fee
Lesser of $20 or account balance
Money Order, each
$3
Mastercard Gift Card activation fee, each
$3
Overdraft Privilege (ODP) fee^:
(per occurrence - to include repeat presentments)

   ^This service is not available for new business checking accounts.
 
Item paid $10.00 or less
No Charge
Item paid $10.01 or greater
$30*
Return item fee (NSF)
(per occurrence - to include repeat presentments)
$30*
*Fees are limited to a daily maximum of 3 ODP or return item fees per each savings or checking share. This fee limit applies only to ODP or return item fees per share.
Wire transfer out, foreign
$50
Wire transfer out, domestic
$25
Wire transfer in
$10
Zippered deposit, each
$5
Foreign check processing fee, minimum per item
*Additional fees may apply. We will not accept a check valued at less than $200 U.S.
$47*
Notary service
No Charge
Signature Guarantee
No Charge
Balancing Assistance, last issued statement
No Charge
Account research, per hour
$15
Statement copy, per statement
$5
Bad address fee, per month
$3
Automatic Loan payment (ProPay pass through fees):
 
ACH
No Charge
Debit card, per payment
$4.95
Return payment fee (assessed to loan)
$10
Night Depository:
 
Locked bag, up to 2 bags
No Charge
Locked bag, more than 2 bags, each
$25
Locked bag, replacement
$25
Night depository access key, up to 2 keys
No Charge
Night depository access key, more than 2 keys, each
$2
Night depository access key, replacement
$2

 

Digital Banking Fees
Fee
Online and Mobile Banking
No Charge
Mobile Deposit/Business Remote Deposit Capture, up to 10 deposits per month
No Charge
Mobile Deposit/Business Remote Deposit Capture, each deposit over 10 per month
$.50
Online Bill Pay
No Charge
Stop payment fee on bill
$30
Zelle Send and Receive Money
No Charge
Zelle Send and Receive Money
$30

Because of the complexity and rapidly changing nature of the economy and financial services industry, the IU Credit Union reserves the right to modify any of its services and charges without prior notice.

Please note: Not all Credit Union products and services are available to business members.