Fees and Charges
This Fee Disclosure sets forth the conditions, rates, fees, and charges applicable to your accounts with Midcoast Federal Credit Union. The Credit Union may offer other fees and amend the fees contained in this Disclosure from time to time, after any notice required under applicable law. Each accountholder agrees to the terms set forth on this Fee Disclosure and acknowledges that it is part of the Membership Agreement.
Effective Date: 1/29/2025
| Account Services (All Account Types) | Fee | How Best to Avoid |
|---|---|---|
| Incorrect Address – Returned Correspondence | $5.00 per item | Update your contact information within our digital banking application |
| Account Inactivity (After 12 months) | $5.00 per month | Maintain an active account relationship. Activity is defined as deposits, withdrawals, transfers, and payments. Exceptions from Inactivity fee: members with IRA, HSA, or Certificate of Deposit; or primary account owner is 18 or younger. This fee may fully exhaust funds in the account and lead to account closure. |
| Account Inactivity (After 36 months) | $50.00 | Maintain an active account relationship. Activity is defined as deposits, withdrawals, transfers, and payments. Exceptions from Inactivity fee: members with IRA, HSA, or Certificate of Deposit; or primary account owner is 18 or younger. This fee may fully exhaust funds in the account and lead to account closure. |
| Early Account Closure (Within 6 months of opening) | $5.00 | Maintain an active account relationship. Activity is defined as deposits, withdrawals, transfers, and payments. Exceptions from Inactivity fee: members with IRA, HSA, or Certificate of Deposit; or primary account owner is 18 or younger. This fee may fully exhaust funds in the account and lead to account closure. |
| Non-Sufficient Funds or Overdraft Privilege For debit transactions originated by share draft, ACH, or VISA ATM/Debit Card | $28.00 per occurrence to include repeat presentments | Use our digital banking app and use eAlerts to monitor your account balance, set-up overdraft protection from other accounts, transfer money before making your purchase, and/or apply for a Personal Line of Credit. |
| Overdraft Transfer from Another Source | $5.00 per transfer | Use our digital banking app and use eAlerts to monitor your account balance, set-up overdraft protection from other accounts, transfer money before making your purchase, and/or apply for a Personal Line of Credit. |
| Check Copy | $5.00 per item | View/Print a copy from our digital banking application |
| Stop Payment Request | $10.00 per item | |
| ACH, Money Order & Corporate Check Stop Payment | $20.00 per item | |
| VISA ATM/Debit Card Replacement | $10.00 per card/ $25.00 rush fee | |
| Statement Copy | $5.00 per copy | Enroll in eStatements from within our digital banking app |
| Mini-Statement Copy (Account History) | $3.00 per copy | Use our digital banking application to review your account history and more |
| Account Reconciliation | $25.00 per hour (1 hour minimum) | Use our digital banking application to review your account history and more |
| Account Research/Legal Processing | $50.00 per hour (1 hour minimum) | |
| Deposited Check Return | $10.00 per item | |
| Swivel™ Online Transactions | $6.00 per item staff assisted | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources |
| $3.00 per item online | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources | |
| $1.00 per item recurring online | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources | |
| $28.00 per Non-Sufficient Funds per occurrence to include repeat presentments | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources | |
| Incoming Wire | $10.00 per transfer | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources |
| Wire Transfer Domestic | $25.00 per transfer, $10.00 per recurring transfer | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources |
| Wire Transfer International | $50.00 per transfer, $25.00 per recurring transfer | Use our digital banking application to transfer funds to/from your Midcoast account to/from external account sources |
| In-State CU to CU Transfer | $5.00 per transfer | Use Shared Branching or our digital banking app to move money between accounts at participating CUs |
| Counter Checks (4 per sheet) | $2.00 per sheet (first sheet is free) | Use our free and unlimited personal Bill Pay service |
| Money Order & Corporate Draft | $2.00 per item | Use our free and unlimited personal Bill Pay service |
| Money Order & Corporate Draft Copy | $10.00 per item | |
| Loan Reversal Fee | $10.00 per payment reversal | |
| Non-Member Check Cashing | $5.00 per item | Become a member today! |
| Non-Member Notary Fee | $20 per visit (Up to 3 documents) | Become a member today! |
| Impact Business Checking Account | Fee | |
| Over 250 items cleared per month | $0.25 per item over 250 | |
| Business BillPay monthly limit | $1.00 per item over 15 paid items | |
| Peak Money Market | Fee | How Best to Avoid |
| Below Minimum Balance | $5.00 per month | Maintain a minimum of $2.500 in the account |
| Safe Deposit Boxes | ||
| 3″ x 5″ | $35.00 annually | |
| 5″ x 5″ | $40.00 annually | |
| 3″ x 10″ | $45.00 annually | |
| 5″ x 10″ | $75.00 annually | |
| 10″ x 10″ | $110.00 annually | |
| Replacement Key | $100.00 each | |
| Drilled Box | $250.00 |