No one likes fees, but unfortunately we have to pay them sometimes. The good news is that you can waive certain charges by using your MoneyPerks points. All fees are effective as of September 8, 2020.

 

 

ATM/DEBIT CARDS

COSTS

MONEYPERKS POINTS

Card Replacement (lost/stolen)

$12

3,000

Foreign Transaction

1% of each transaction in U.S. dollars

N/A

NSF (returned payment)

$31

4,000

MoneyNow® Debit Card Transaction

$19

2,500

PIN Reorder

$2

500

Reactivation

$25

N/A

Sales Draft Copy

$5

N/A

ATM TRANSACTION FEES

COST

MONEYPERKS POINTS

All Michigan First/CO-OP ATMs

Free

N/A

All Other ATM Networks

$2.50

 700
 MoneyNow ATM®
(up to each $500 increment)

$29

3,800

Overdraft Transfer from Savings

1 free per month / $4 each additional

900

Surcharge for Non-CO-OP Network Transactions at Michigan First Machines

$5

N/A

Non-sufficient funds (overdraft or loan payment)

$31

4,000

CERTIFICATE SERVICES

COST

MONEYPERKS POINTS

CD Early Withdrawal

90 days interest through 1 year CD, Over 1 year – 180 days interest

N/A

CREDIT CARD

COST

MONEYPERKS POINTS

Card Replacement (lost/stolen)

$12

3,000

Cash Advance

3% of advance, minimum $10

N/A

Cash Advance
(another financial institution card)

$5

1,000

Credit Card Late Payment

$25

N/A

Foreign Transaction

1% of each transaction in U.S. dollars

N/A

NSF (returned payment)

$25 first occurrence, then $311

4,000

Reactivation

$25

N/A

Sales Draft Copy

$5

1,000

Secured Credit Card Annual Fee

$50

N/A

CHECKING ACCOUNTS

COST

MONEYPERKS POINTS

Third Party NSF
(returned items, innocent deposit)

Free

N/A

Account Reconciliation

$25/hr.

N/A

Check Copy

$5

1,000

Check Printing and Reorders

Varies

N/A

Classic Checking

$20/month

N/A

Non-Sufficient Funds

$31

4,000

Any MoneyNow® Transaction Negotiated Through Teller
(up to each $500 increment)

$29

3,800

MoneyNow® Checks Not Negotiated Through Teller

$19 2,500

MoneyNow® Zelle® Transaction
(up to each $500 increment)

$29 3,800

Overdraft Transfer from Savings

1 free/month, $4 each additional

800

Stop Payment

$31

4,000

LOAN PROGRAMS

COST

MONEYPERKS POINTS

Delinquent Loan/Late Fee

20% of delinquent interest
(10 day grace period)

N/A

Extension Agreement

$40

5,000

NSF Loan Payment

$31

4,000

Skip-A-Pay for Eligible Loans

$40 most loans
$60 home equities

5,000 most loans
7,000 home equities

GENERAL SERVICES

COST

MONEYPERKS POINTS

Account History
(from staff, no page limit)

$5

1,000

Account/Loan Number Change, Member Request

$50

6,000

Account Research – Members

$25/hour

N/A

Account Research – Outside Agencies

$50/hour

N/A

Levies and Garnishments

$100

N/A

Money Orders

$3

800

Non-Member Check Cashing

$10

N/A

Official Check

$3

800

Official Check Copy

$5

1,000

Official Check – Stop Payment

$31

4,000

Other Foreign Checks – Collection Items

$10 + bank charges

N/A

Phone Transfer Within Own Account Via Call Center

$1

250

Safe Deposit Box 3 x 5

$40/yr.

5,000

Safe Deposit Box 3 x 10

$55/yr.

7,000

Safe Deposit Box 5 x 10

$90/yr.

12,000

Safe Deposit Box 10 x 10

$120/yr.

17,000

Safe Deposit Box Drilling

$200

N/A

Safe Deposit Box Lost Key

$20

N/A

Service Centers/Shared Branch

$4 teller cash withdrawal

N/A

Statement Copy (no page limit)

$5

1,200

Traveler’s Checks (one signature)

$1/100

N/A

Traveler’s Checks (two signatures)

$1.50/100

N/A

Unclaimed Property Fee

$50

N/A

Undeliverable Mail/Returned

$5

1,000

Verification of Deposits

$10

N/A

ACH/ELECTRONIC FUNDS

COST

MONEYPERKS POINTS

Account to Account Transfer  (incoming)

Free

N/A

Account to Account Transfer (outgoing)

$2

N/A

Manual Posting of an ACH Item

$20/item after appropriate notice

N/A

Return ACH

$31

4,000

MoneyNow® ACH Transactions

$19

2,500

Stop Payment

$31

4,000

Wire Transfers (incoming)

Free

N/A

Wire Transfers (outgoing domestic)

$25

N/A

Wire Transfers (outgoing international)

$50

N/A

SAVINGS PROGRAMS

COST

MONEYPERKS POINTS

Account Reopening Within One Year of Closing

$25

N/A

Minimum Balance Fee* (after 3 months)

$3/month

N/A


*Fee applies if aggregate balance falls below $100 in any month after three months. Fee waived for minors and First Gear accounts.

1First occurrence of a returned payment will incur a $25 NSF fee. The fee amount increases to $31 for each additional NSF (returned payment) incurred over the following six billing periods.