Business Banking Fee Schedule

Since our beginnings in 1934, SEFCU has served the financial needs of its members by providing a wide range of credit union products at an affordable cost, keeping our service fees as reasonable as possible. In fact, our written policy prohibits the use of fees to generate income for the credit union.

"SEFCU will assess reasonable fees only to offset costs and to encourage responsible use of SEFCU's services by the membership."

SEFCU's ongoing goal is to maintain a generally competitive position on products and services. We cannot always offer the lowest price or the highest return on every product and service without negatively affecting the quality of our offerings and the soundness of our financial cooperative. However, the credit union regularly reviews rates and fees and adjusts them accordingly, in order to apply the best pricing possible for the benefit of our membership.

View the Personal Banking fee schedule

 

Savings

Item Fee
OD (overdraft) protection transfer fee $2.50
Below minimum average monthly balance (Preferred Plus)1 $15

1 Minimum average daily balance for Preferred Plus is $100,000
 

Business Checking

Item Fee
Check Protest Fee $15
Copy of Canceled Check $5
Counter Checks (4 per page) $2
Original Canceled Check $5
Returned Checks - Deposited $10
Returned Checks – Insufficient Funds Charge** $28
Paid checks – Insufficient Funds Charge $28
Stop Payment on Counter, Personal, or Teller Check (official) $10

**Items returned unpaid (e.g., checks, ACH, bill payments) that are re-presented again for payment will be charged additional insufficient funds fees if available funds in your account are still insufficient when re-presented.


Business Debt Card

Item Fee
Card Capture $10
Deposit Correction $7.50
Deposit of Empty Envelope $15
ATM Inquiry Fee (Non-SEFCU ATM, except for Allpoint® ATMs) $0.50
ATM Foreign Transaction Fee (Non-SEFCU ATM withdrawal, includes POB transaction except for Allpoint® ATMs) $1.25/withdrawal
POS/Debit Card Insufficient Funds Charge $28
ATM withdrawal – Insufficient Funds Charge $28
Replacement Card $5
Rush Replacement card $36
Withdrawals/Purchases Outside the U.S. 1% of transaction


SEFCU iPay

Bill Payment service fee (Service Fee Based on Relationship)*
Item Fee
Members with an average monthly Share Draft balance of $500 or greater  
Up to 15 bills per month No Fee
Members with an average monthly Share Draft balance less than $500  
Up to 15 bills per month $5.95
Additional fees  
Each Subsequent Bill Pay Transaction (above monthly maximum) $0.50
Bill Pay NSF $28
Bill Pay Stop Payment $20

* Balances used to determine SEFCU iPay monthly fees are for a single account number and not aggregate of the balances on multiple accounts.


Safe Deposit Boxes

Safe deposit boxes* are available at the following locations:

  • Midler Branch
  • Patroon Creek Branch
  • SEFCU Square Branch
  • Wilton Branch
Item Fee
5"x5"x18" Box size $50 per year
3"x10"x18" Box size $55 per year
5"x10"x18" Box size $80 per year
10"x10"x18" Box size $120 per year

*Availability varies by location.


Special

Item Fee
Bulk Cash and Coin Orders cash $.20/strap
coin $.10/roll
Account Closed Within 0-3 months   $15
Account Research/Reconciliation (per hour) $15
ACH Credit Returned Payment Fee $28
ACH debit items returned – Insufficient Funds Charge** $28
ACH debit items paid – Insufficient Funds Charge $28
ACH Stop Payment on Electronic Debit $28
Address Search (one time)   $10
Bad Address Fee $2
Canadian Items**** $10
Canadian returned Item**** $15
Copy of Official Check or Money Order   $5
Escheatment   $25
Foreign Collection Item $20
Inactivity fee $3/month
Interim Account Histories   $2
Loan Documents $10
Mastercard® Gift Card $3.95
Money Orders (maximum value $1,000)   $3
Out-of US-Collection Item* $15
POP Money - Next Day Only     $5/transaction
Restraining Notices/Levies(legal) $50
Second Lien Release for Auto/RV $10
Statement Copy   $2
Teller Checks  $2
Wire Transfers (Domestic Outgoing) $22.50
Wire Transfers (Domestic Incoming) $0
Wire Transfers (International Outgoing) $35
Wire Transfers (International Incoming) $10

**Items returned unpaid (e.g., checks, ACH, bill payments) that are re-presented again for payment will be charged additional insufficient funds fees if available funds in your account are still insufficient when re-presented.

****Other processing fees from out-of-U.S. institution may apply.

 

Cash Management

 

iTeller for Business

 

Commercial Loans

Commercial loan fees can be furnished upon request. Please contact your Business Banking Officer.

 

Please see your Business Benefits Guide for additional information about when fees may be charged and for all other Terms and Conditions governing your accounts.