Deposit Fees
Fees Common to All Checking, Now, MMDA and Savings Accounts
| Description |
Fee |
| Overdraft fee (per item) |
$25.00 |
| Non sufficient funds fee (per item) |
$25.00 |
| Stop payment fee (per item) |
$25.00 |
| Post dated check fee (per item) |
$25.00 |
| Foreign ATM fee (per withdrawal at any ATM not located at MFB) |
$1.00 |
| Lost/Stolen ATM or Visa Check card replacement fee (no charge for damaged cards) |
$12.00 |
| Closed account fee (if closed prior to 90 days) |
$25.00 |
| Dormant account fee (no activity in past 12 months) (per month) |
$2.50 |
| Check image fee (customer requested copy of processed item) |
$4.00 |
| Duplicate statement fee (per month) |
$15.00 |
| VISA Debit Card annual fee |
$12.00 |
| ATM access card annual fee |
$12.00 |
Check cashing fee on Savings Accounts with an average balance below $250.00
For first $100.00
Every additional $100.00 |
$5.00
$1.00 |
| Exchange Check fee (drawn on Morgan Federal Bank) |
$10.00 |
| Returned item fee (items deposited to an account returned for non-payment) |
$5.00 |
| Fee for special account statement request |
$5.00 |
| Garnishment / levy fee |
$50.00 |
| Account research fee (per hour) |
$25.00 |
Wire transfer fee (for MFB customer only) -
Incoming
Outgoing (domestic)
Outgoing (international) |
$0.00
$20.00
$30.00 |
| Wire transfer fee (non customer by officer approval only) - Incoming only |
$30.00 |
Ø5lties for early withdrawal will be an amount equal to the greater of: (1) the current Institution rate minus the certificate rate times the remaining number of days to maturity times the amount withdrawn, or (2) a number of days interest on the amount withdrawn, as applicable (all interest earned on accounts with an original maturity of 91 days or less; 90 days interest on accounts with an original maturity from 92 days through one year; or 182 days interest on accounts with an original maturity of more than one year).