Teachers Federal Credit Union Home Page

We're not just for Teachers.

Search | Contact Us | Online Banking

Schedule of Fees & Service Charges

Effective: April 1, 2007

Share Savings Accounts

Minimum Balance . . . . . . . . . . . . . . . . . . . . . . . $1.00
Monthly Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Inactive Fee (after 2 yrs & under $100) . . . . . $4.00/mo
Negative Balance Fee . . . . . . . . . . . . . . . . . . . . . . $0
Return of a Deposited Item . . . . . . . . . . . . . $12.00 ea

Share Draft/Checking

Monthly Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Minimum Balance . . . . . . . . . . . . . . . . . . . . . . . . . $0
Per Check Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Stop Payment- Check, ACH/Bill Payer . . . . . . . $20.00 ea
Return of a Draft/ACH Transaction . . . . . . . . $25.00 ea
Return of a Deposited Item . . . . . . . . . . . . . $12.00 ea
Copy of Paid Draft: Online-Free; In Branch . . . . $3.00 ea
Certified Draft . . . . . . . . . . . . . . . . . . . . . . . . $2.00 ea
Share Draft Orders . . . . . . . . . . . Prices vary by design
Temporary Drafts (10) . . . . . . . . . . . . . . . . .FREE
Overdraft Transfer from Savings/Money Market . $2.50 ea

Educated Choice Discounts

Account Benefits Combined Monthly Minimum Balance	Gold $2,500	Platinum $5,000
Consumer Loan Rate Discount	.25%	.50%
VISA Credit Card Rate Discount	.24%	.48%
Mortgage Closing Cost Discount	$100	$200
Share Draft Orders (Basic Design)	At Cost	FREE
Overdraft Transfer Fee	N/A	FREE
Availability on Check Deposited	N/A	Immediate, up to $1,000
VISA Gift Card Fee (in Branch)	FREE	FREE
Non-TFCU ATM Surcharge Rebate**	N/A	up to $5/month
TFCU Fee for Off-Site ATM Transactions	FREE	FREE
Travelers Checks, Money Orders, Official Checks, Bond Coupon Redemption, Account Transcripts at Branch	FREE	FREE
Copy of Paid Draft and/or Domestic Wire Transfer	3 each/year - FREE	6 each/year - FREE
Below Minimum Average Balance Monthly Fee - charged only if your balance falls below the designated level	$8	$10

VISA Credit Cards

Annual Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Cash Advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Late Payment Fee . . . . . . . . . . . . . . . . . . . . . . $10.00
Over Limit Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Card Replacement Fee . . . . . . . . . . . . . . . . . . $5.00 ea

Certificate Accounts

Minimum Opening Deposit . . . . . . . . . . . . . $1,000.00
Maintenance Fee . . . . . . . . . . . . . . . . . . . . . . . . . $0
Early Withdrawal Penalties . (depending on Certificate term)

Individual Retirement Accounts

Maintenance Fee . . . . . . . . . . . . . . . . . . . . . . . . . . $0
Outgoing Transfers and Rollovers . . . . . . . . . . . . . FREE
Withdrawal Penalties . . . . . . .Incurred before age 59-1/2

Money Market Accounts

Minimum Opening Deposit . . . . . . . . . . . . . $2,500.00
Under $500 Balance Fee . . . . . . . . . . . . . . $5.00/mo
More than 3 Drafts Cleared Per Month . . . . . . $10.00 ea

Mortgage Loans

Application Fee . . . . . . . . . . . . . . . . . . . . . . $425.00
Late Payment Fee . 4% of principal and interest payment
Closing Costs . . . . . . . . . . . Based on amount borrowed
Mortgage Satisfaction Fee . . . . . . . . . . . . . . . . $30.00

Electronic Services

Telephone Banking (CATT) . . . . . . . . . . . . . . . . FREE
Online Account Access . . . . . . . . . . . . . . . . . . FREE
Online Bill Payment . . . . . . . . . . . . . . . . . . . . . . FREE
Online Bill Payment Stop Payment Request . . . $20.00 ea
ATM/Check Card Issuance . . . . . . . . . . . . . . . . . FREE
Check Card Daily Purchase Maximum . . . . . . . . $2,500.00
TFCU ATM Usage . . . . . . . . . . . . . . . . . . . . . . . .FREE
Non-TFCU ATM Usage* . . . . . . . . . . . $1.00/transaction
ATM/Check Card Daily Cash Withdrawal Limit*** . $500.00
Replacement of ATM/Check/Gift Card . . . . . . . . $5.00 ea
Reprogram ATM/Check Card PIN . . . . . . . . . . . . . . FREE
Direct Deposit . . . . . . . . . . . . . . . . . . . . . . . . . FREE
Domestic Wire Transfer (Outgoing) . . . . . . . . $12.00 ea
Wire Transfer (Incoming) . . . . . . . . . . . . . . . . . . FREE
Stop Payment of Automatic Transfer (ACH) . . $20.00 ea

Convenience Services

Money Orders . . . . . . . . . . . . . . . . . . . . . . . $1.25 ea
Visa Gift Card
In-Branch Purchase . . . . . . . . . . . . . $4.00 Per Card
Online Purchase . . . . . . . . . . . . . . . $5.00 Per Card
American Express Travelers Cheques . . . . 50¢ Per $100
American Express Gift Cheques . . . . . . . . . . . . $2.00 ea
Official Check - Third Party . . . . . . . . . . . . . $3.00 ea
Bond Coupon Redemption . . . . . . . . . $4.00/Envelope
Foreign Collection Item . . . . . . . . . . . . . . . . . $22.00 ea

Educated Choice Discount available
* Surcharges may be imposed by non-TFCU ATM owners.
** Platinum Members will receive a rebate of foreign (non-TFCU) ATM surcharge fees up to a maximum of $5 per calendar month
*** VISA imposes a 1% currency conversion fee when the acquirer and issuer country codes are different, for Visa Credit and Debit Cards. This does not apply to US cards used at terminals in the US or its territories.

Business Accounts

Business Checking
Monthly fee (combined account balance >= $5,000) . . $0
Monthly fee (balance below $5,000) . . . . . . . . . . $10
Transaction fees (combined credits &
debits in excess of 100) . . . . . . . . . . . . . $0.15 ea
Currency handling (outgoing paper & coin) . 1% of Request
Stop Payment—Share Draft, ACH/Bill Payer . . . . . $20.00 ea
Return of a Draft/ACH Transaction . . . . . . . . . . . $25.00 ea
Return of a Deposited Item . . . . . . . . . . . . . . . $12.00 ea
Copy of Paid Draft: (Free Online); In Branch . . . . . $3.00 ea
Certified Draft . . . . . . . . . . . . . . . . . . . . . . . . . $2.00 ea
Share Draft Orders . . . . . . . . . . . . . . . . . . . . . Prices vary
Temporary Drafts (10) . . . . . . . . . . . . . . . . . . . . . . FREE
Overdraft Transfer from Savings or Money Market . $2.50 ea

Miscellaneous Charges

Signature Guarantee Service . . . . . . . . . . . . . . . . . . FREE
Notary Public . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FREE
Research (Per Hour) . . . . . . . . . . . . . . . . . . . . . . $10.00
Legal Document Processing . . . . . . . . . . . . . . . . . $15.00
Copy of Statement: Online – Free; In Branch . . . $3.00 ea
FAX Service . . . . . . . . . . . . . . . . . . . . . . . Nominal Charge
Break Open of Safe Deposit Box . . . . . . . . . . . . . $125.00
Safe Deposit Box Replacement Key . . . . . . . . . . . . . $6.00
Safe Deposit Boxes (Bay Shore, Farmingville, Holbrook,
Port Jeff Station, Rocky Point & Smithtown only).
Please call for availability and rental fees.

All rates and terms are subject to change without notice.