Service Charge Schedule
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Schedule is valid as of April 1, 2012 and is subject to change
Membership
| Description |
Charge |
| Membership enrollment (per membership) |
$ 10.00 |
| Reinstatement service charge |
$ 10.00 |
| Monthly inactivity fee (aggregated balances under $500) 1 |
$ 5.00 |
Savings
| Description |
Charge |
| Monthly service charge if savings balance is below $5 (age 23 or older) |
$ 3.00 |
| Stop payment (each ACH) |
$ 15.00 |
| Accumulator Savings Plan early withdrawal fee 3 |
$ 25.00 |
3) Applies to any withdrawal made prior to the account maturity date.
Online Banking
| Description |
Charge |
| Account Manager (online banking) |
None |
| Bill Manager (bill payment and presentment) 4 |
None |
| Bill Manager expedited payments |
$ 9.95 |
| Bill Manager next day transfer (to or from your account at another financial institution) |
$ 8.95 |
| Bill Manager stop payment (each, in addition to normal stop payment fee) 5 |
$ 15.00 |
| Paper copy of Bill Manager disclosure |
$ 25.00 |
4) Checking account required.
5) Assumes payment has already been sent. Payments scheduled for the future that have not yet been sent can be canceled or changed at any time.
ATMs
| Description |
Charge |
| Provident ATMs (unlimited usage) |
None |
| CO-OP ATMs (unlimited usage) |
None |
| Foreign currency purchases using ATM card, Visa card, or Visa Check Card |
Up to 3% of transaction |
| Initial ATM card or Visa Check Card (per account) |
None |
| Replacement ATM card or Visa Check Card |
$ 10.00 |
Using non-Provident, non-CO-OP ATMs 6
(Charges do not apply to Super Reward Checking accounts)
| Description |
Charge |
| First 4 transactions per month 7 |
None |
| Balance inquiry/withdrawal service charge (each, after 4th transaction) 8 |
$ 1.50 |
| Transfer service charge (each, after 4th transaction) 8 |
$ 3.00 |
| Charges from other institution owning the ATM 9 |
Varies |
6) Refers to Provident charges. You may be subject to an additional ATM service charge
imposed by the institution owning the ATM.
7) First 10 transactions per month, if you have ATM Checking, or all transactions if you have Interest Checking, or Super Reward Checking account(s) when requirements are met. Fee waiver does not apply if you have Fresh Start Checking.
8) After 10th transaction, if you have ATM Checking. Charge does not apply to Interest Checking, or Super Reward Checking accounts when requirements are met. All transactions are charged if have Fresh Start Checking.
9) You may be subject to an ATM service charge
imposed by the institution owning the ATM. However, Super Reward Checking account
holders will receive a rebate of up to $2.50 per any single transaction for any nationwide
ATM service charges imposed by another institution on those checking accounts or
on their Membership Savings account. Rebates are deposited into the qualifying account on the next monthly statement. Account requirements must be met in order to receive rebates.
Term Share Certificate, IRA and Health Savings Accounts
| Description |
Charge |
| IRA annual service charge |
$ 15.00 |
| HSA monthly service charge |
$ 2.00 |
| Cancellation service charge |
$ 15.00 |
| Replacement HSA card |
$ 10.00 |
| Certificate Early Withdrawal Penalties 10 |
Varies |
10) Effective May 1, 2012, a penalty may be imposed for withdrawals before maturity for certificates opened or renewed as of 5/1/12: a) If your account has an original maturity of less than 12 months, the penalty we may impose will equal the greater of $100 or 90 days earnings. b) If your account has an original maturity of more than 12 months, the penalty will equal the greater of $150 or 180 days earnings. c) For Youth Add-On certificates the penalty we may impose will equal 180 days earnings. For more information, please refer to Provident's Master Account Agreement and Disclosure.
All Checking accounts 11
| Description |
Charge |
| Bill Manager (bill payment and presentment) |
None |
| Travelers Checks 11 |
None |
| Overdraft from qualified accounts 11 |
None |
| Courtesy pay of written check, ACH, Check Card, and ATM transactions (each) |
$ 23.00 |
| Returned checks (each) |
$ 23.00 |
| Stop payment (each check or ACH) |
$ 20.00 |
Money Market Checking only:
More than 3 checks clearing in a month (per check cleared) |
$ 2.00 |
| Cardlock (per year, per enrolled checking account) 12 |
$ 4.99 |
11) See below for exceptions that apply to Simply Free Checking accounts.
12) Annual fee charges to enrolled checking. Fee waived for members
with active Provident credit card under same member number.
Simply Free Checking accounts
| Description |
Charge |
| Travelers Checks 13 |
1% of purchase price |
| Overdraft from qualified accounts (each) |
$ 4.00 |
13) $5 minimum fee.
Business Checking accounts
| Description |
Number Per Month Not Charged |
Charge |
| Checks cleared (each) |
Basic Account: 100
Enhanced Account: 150 |
$ 0.25 |
| Deposits (each) |
Basic Account: 200
Enhanced Account: 275 |
$ 1.25 |
Checking account monthly service charges
| Description |
Waived If You Have... |
Charge |
| Super Reward Checking |
— |
None |
| Provident Checking |
One of the following: - $2,500 minimum daily balance (total in checking and deposit accounts)
- Direct Deposit (minimum $1,000/month)
- Bill Manager (minimum 2 payments/month)
|
$ 10.00 |
| Simply Free Checking |
— |
None |
| Interest Checking |
Minimum daily balance of $5,000 in this account |
$ 10.00 |
| Youth Checking |
— |
None |
| College Checking |
Monthly deposit, or up to 5 years if parent has a Provident relationship |
$ 3.00 |
| Business Checking (Basic) |
Minimum daily balance of $7,500 in this account |
$ 12.50 |
| Business Checking (Enhanced) |
Minimum daily balance of $10,000 in this account |
$ 15.00 |
| Premier Checking |
Direct Deposit or minimum daily aggregate savings balance of $2,500 15 |
None |
| VSP Gold Checking |
Direct Deposit or minimum daily aggregate savings balance of $1,000 16 |
$ 5.00 |
| Regular Checking |
Minimum daily balance of $500 in this account |
$ 5.00 |
| ATM Checking |
Monthly service charge cannot be waived |
$ 4.00 |
| Fresh Start Checking |
Monthly service charge cannot be waived |
$ 15.00 |
15) Net total of paycheck or benefits check required for Direct Deposit qualification. If monthly requirements are not met, account converts to a Regular Checking account.
16) Net total of paycheck or benefits check required for Direct Deposit qualification.
Wire transfers
| Description |
Charge |
| Domestic, before 1 p.m. (each) |
$ 23.00 |
| Wire research (each) |
$ 35.00 |
Other service charges
| Description |
Charge |
| Rejected deposit or loan payment, due to Non-Sufficient Funds (per check or ACH) |
$ 23.00 |
| Money Orders |
$ 3.00 |
| Corporate Checks |
$ 5.00 |
| Foreign collections |
Varies |
| Escheat |
$ 2.00 |
| Processing of levies and garnishments (per item) |
$ 25.00 |
| Research/Copy of cleared check, deposit, or statement (per item) |
$ 6.00 |
| Research/Copy of cleared check or deposit exceeding four years and all standard subpoenas (per hour) |
$ 24.00 +10˘/page |
| Transfer of account due to removal of joint owner |
$ 20.00 |
| Verification of deposit (written request from other institutions to Provident for account verification) |
$ 10.00 |
| Courier service |
Varies |
Any changes to the above will be published in the Connections newsletter and on the providentcu.org Web site
with 30 days advance notice. Service charges incurred at credit unions which are part of the CU Service Center network may vary.
