Business Banking Fees

Experience more flexibility.

Lower banking fees give your business more money to grow.

Focus on paying business expenses, not high fees

At Michigan First, we understand that businesses, small and large, are the heart of Michigan's economy. We keep our fees low to give you more financial flexibility and chances for success. Here's a list of what you can expect to pay when you do business with us:

All fees are effective as of March 30, 2020.

Fee Cost
Account Reconciliation $25/hr.
Account Opening Within One Year of Closing $25
Account Research (outside agencies) $50/hr.
Canadian Check Deposit $10 + bank charges
Cash Advance Debit/Credit 3% of advance, minimum $10
Cash Advance Debit/Credit (card from another financial institution) $5
Cash/Coin Withdrawal Free
CD Early Withdrawal Penalty 90 days interest for up to one year
189 days interest for over one year
Check Copy $5
Check Images Online Free
Check Printing or Reorders Varies
Coin Deposits (self-serve) Free
Debit Card Reactivation $25
Deposit Correction $5
Dormant Account $3/month
Electronic Document Delivery Free
E-Statements Free
Foreign Transaction 1% of each transaction in U.S. Dollars
Levies and Garnishments $100
Mailed Monthly Statement Charges* $5
Minimum Balance Fee** $10/month
Night Depository Key Deposit $10
NSF/Returned ACH Item $31
Official Check $3
Official Check Stop Payment $31
Online Bill Pay Free
Other Foreign Collection Checks/Collection Items $10 + bank charges
Overdraft Transfer from Savings $3
Phone Transfer Within Own Account Via Call Center $1
Replacement Debit/Credit Card $12
Returned Deposit Item $7
Service Center/Shared Branch $4/teller cash withdrawal
Statement Copy (no page limit) $5
Stop Payment $31
Unclaimed Property Fee $50
Undeliverable Mail/Returned $5
Verification of Deposits $10
Wire Transfers (incoming domestic) Free
Wire Transfers (incoming international) Free
Wire Transfers (outgoing domestic) $20
Wire Transfers (outgoing international) $20

Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.