Fee Rates

And some stuff that's fee free, of course.

Free Services

All Fees Are Subject To Change Without Notice. Fees are per item unless otherwise noted.

  • Online Banking
  • Bill Payer
  • Mobile Banking
  • Notary Public
  • Official Checks (1/day)
  • IRA Transfer
  • Direct Deposit/ACH/Payroll Deduction
  • Telephone Transfers/Inquiries
  • Counter Checks
  • Instant Issue Meritrust VISA® Debit and Credit Cards
  • Signature Guarantee/Medallion
 

Fee Schedule

Effective January 27, 2020
All Fees Are Subject To Change Without Notice. Fees are per item unless otherwise noted.

Account Records

  • Statement CopyIf you request paper copies of statements or your transaction history, the fee will be charged for each month requested. The current, partial-statement period will be charged the full fee amount.
  • $5.00 per month
  • Account ResearchA request for account records (for example: check copies, statements, deposited items or other account documentation) will incur this fee. Minimum charge of one hour. If the accumulated charge for the Check Copy Look-Up or Statement Copy fee exceeds the Account Research fee, the lesser fee will apply.
  • $35.00 per hour
  • Check Copy Look-UpFee is charged if a copy of a check is provided. This includes checks you have written off your account, checks you have deposited and official checks written out of the account.
  • $2.00

ATM / Debit

  • Debit Card ReplacementFee to replace a lost debit card. Fee waived if the card's expiration date is advanced.
  • $10.00
  • Foreign ATM TransactionFee is charged if you use a non-Meritrust branded ATM or ATM not in the Credit Union CO-OP Network. A cash withdrawal, balance transfer and balance inquiry are considered transactions for this fee.
  • $1.50

BusinessPro Banking

  • Lite Access FeeThe fee for BusinessPro Lite includes access to basic online banking and business mobile eDeposit services, as well as the BusinessPro checking account.
  • $7.00 per month
  • Elite Access FeeThe BusinessPro Elite fee includes the BusinessPro Elite checking account, access to Automated Clearing House origination services, basic online banking and business mobile eDeposit services, and unlimited outgoing domestic wire services within online banking. (Wires initiated outside the online banking platform, all incoming wires and international wires initiated inside online banking will incur standard wire transfer services fees.) You may select that the BusinessPro Elite fee be paid monthly or annually. Monthly fees will be charged to your account on the first day of the next full statement cycle. Annual fees will be charged on the first day of the next full-statement cycle and every year on the same date thereafter.
  • $57 per month or $600 per year
  • Elite Access Reactivation FeeIf you elect to switch to BusinessPro Lite after being enrolled in the Elite level and want to return to Elite, this fee will be charged to you if you return within 90 days of downgrading to Lite. This will be charged to your account on the day you notify us of your change. The Elite monthly or annual fee (depending on your selection) will then be charged to you on the first day of the next full statement cycle.
  • $57.00

Business Money Market

  • Low Balance FeeIf the average daily balance per month in your Business Money Market Account falls below $2,000.00, this fee will be charged to your account at the end of the statement cycle.
  • $10.00

Basic Business Checking

  • Paid Item FeeFirst 50 paid checks are free. $0.25 for each paid check in excess of 50 per month.
  • Greater than 50 paid checks at $0.25 per check
  • Deposited Item FeeFirst 50 deposited items are free. $0.25 for each deposited item in excess of 50 per month.
  • Greater than 50 deposited items at $0.25 per item

Business Sense Checking

  • Monthly Service ChargeMonthly service charge.
  • $7.00 per month
  • Paid Item FeeFirst 200 paid checks are free. $0.25 for each paid check in excess of 200 per month.
  • Greater than 200 paid checks at $0.25 per check
  • Deposited Item FeeFirst 200 deposited items are free. $0.25 for each deposited item in excess of 200.
  • Greater than 200 deposited items at $0.25 per item

Business Pinnacle Checking

  • Monthly Service ChargeThis service charge is applied to your account on the last day of the statement period.
  • $10.00
  • Paid Item FeeFirst 50 paid checks are free. $0.25 for each paid check in excess of 50 per month.
  • Greater than 50 paid checks at $0.25 per check
  • Deposited Item FeeFirst 50 deposited items are free. $0.25 for each deposited item in excess of 50 per month.
  • Greater than 50 deposited items at $0.25 per item
  • Excess Share InsuranceExcess Share Insurance to $750,000.00.
  • Free

Business Non-Profit Accounts

  • Non-Profit Savings AccountNo monthly service fee. Non-profit corporations are prohibited from opening this account.
  • Free
  • Non-Profit CheckingNo monthly service fee. No minimum balance required. Free and unlimited monthly activities, includes paid checks and deposit items. Non-profit corporations are prohibited from opening this account.
  • Free

Business Membership Savings

  • Business Membership Savings AccountNo monthly service fee.
  • Free

Check Processing

  • Non-Meritrust or On-Us Check Written From Non-Payee Owned AccountFee is charged if you cash or deposit a check from someone other than the owners on your account and that check is returned.
  • $5.00
  • Non-Meritrust Check Written From Payee Owned AccountFee is charged if you cash or deposit a check from a financial institution other than Meritrust, you are the owner of the account at the other financial institution and the check is returned.
  • $32.00
  • Canadian Check Collection Returned ItemFee is charged if you cash or deposit a check from a bank that clears its checks in Canada and that check is returned.
  • $20.00
  • Check CashingFee is charged if you want to cash a check. Fee is waived if you have aggregate balances across all your accounts greater than $100 or you have a current loan.
  • $3.00
  • Oil and Gas Draft ProcessingThese drafts do not process like a regular check. They are sent for collection to the paying bank, which may result in a longer turnaround time before your account is credited the amount of the draft.
  • Actual cost or $10.00, whichever is greater
  • Foreign Check Item ProcessingFee is charged if you deposit a check from a bank that clears its checks in a foreign country. Fee is charged to your account when we receive credit for the item.
  • Actual cost or $10.00, whichever is greater
  • Green Checking Account Check Clearing FeeFee will be charged if a check is written off a Green Checking Account. This fee is charged to your account at the end of the monthly statement cycle.
  • $1.00

Christmas and Vacation Club Accounts

  • Early Withdrawal FeeYou may withdraw money from your club account before the allowed payout dates of the accounts. Fee will be applied to the amount you wish to withdraw if you withdraw before those dates.
  • $10.00 or 3% of amount withdrawn, whichever is greater

Electronic Services

  • Phone Electronic Payment ProcessingYou can make a one-time payment on a loan with us from another financial institution by calling us and requesting to use this service.
  • $15.00
  • Online Electronic Payment ProcessingYou can make a one-time payment on a loan with us from another financial institution by going to our website and entering your account information.
  • $10.00
  • Online Banking Loan Payment ProcessingYou can make a one-time payment on a loan with us from another financial institution by logging into your online banking account and entering your account information.
  • $4.00
  • Expedited Electronic TransferFee is charged if you would like to expedite a payment in our bill payment service inside online banking. This will send the payment the next business day, assuming your payment recipient receives ACH payments.
  • $9.95
  • Expedited Overnight CheckFee is charged if you would like to expedite a payment in our bill payment service inside online banking. This will send the payment overnight by check the next business day, assuming your payment recipient does not receive ACH payments.
  • $29.95

Miscellaneous

  • Early Account ClosingFee is charged if your membership account is closed by you within 6 months of opening.
  • $10.00
  • Stop PaymentFee to stop an ACH or check payment. Fee is charged per item. Fee may be waived for fraudulent activity. Multiple items may be covered under one fee for lost books of checks.
  • $32.00
  • Returned Loan PaymentFee is charged if you make a payment to a loan at Meritrust with a check and it is returned.
  • $25.00
  • Official ChecksOne official check is free per day. There is no charge for official checks from loan disbursements.
  • $3.00 per check
  • Inactive AccountCharged to your account per month once there has been 6 months of no transactional activity. There is no inactive account fee for business accounts.
  • $10.00
  • Garnishment / Tax LeviesFee is charged if we receive a request for payment to satisfy a garnishment or tax levy.
  • $15.00
  • Collection ItemsIf you are in default on a loan obligation or cause a loss to the credit union, we may charge you fees we pay to third parties to aid us in collecting the debt. This may include attorney's fees, fees to outside collection agencies or fees to collateral recovery companies.
  • Actual expense
  • Returned Mail / Incorrect AddressFee will be charged if we receive returned mail that we sent to you that indicates your address is incorrect. If you notify us of a change in your address to the correct address within 60 days of us charging the fee, we will refund the fee amount.
  • $10.00
  • Smart Checking Account Monthly FeeFee is charged to your account at the end of the statement cycle if you have a Smart Checking Account.
  • $10.00

Money Market Consumer Accounts

  • Advantage Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,500.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $10.00
  • Elite Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,500.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $5.00
  • Flex Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,000.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $10.00
  • Meritrust Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,000.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $10.00
  • Spirit Meritrust Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,000.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $10.00
  • Wealthy Spirit Money Market Low Balance FeeIf your balance falls below the average minimum daily balance of $2,000.00 for a monthly statement cycle, this fee will be charged to your account at the end of the dividend period.
  • $10.00

Non-Member Services

  • Non-Mbr Service Charge Check Cashing Fee (On-Us Checks)If you are not a member of the credit union and would like to cash a check on us that you received from a member of the credit union, you will pay this fee if the check amount is from $100.00 to $299.99.
  • $3.00
  • Non-Mbr Service Charge Check Cashing Fee (On-Us Checks)If you are not a member of the credit union and would like to cash an on-us check that you received from a member of the credit union, you will pay this fee if the check amount is $300.00 or more.
  • $6.00
  • Non-Mbr Service Charge Exchange of CheckThis fee is charged if you are not a member of the credit union and would like to exchange an on-us check that you received from a member of the credit union for an official check.
  • $15.00
  • Non-Mbr Service Charge Coin CountingThis fee is charged if you are not a member of the credit union and use our coin counting equipment to exchange a large amount of coins for cash.
  • 15% of total

Overdraft

  • Overdraft Check / ACHOverdraft/non-sufficient funds fee created by a check clearing the account, an on-us check cashed in a branch or an Automated Clearing House (ACH) transaction.
  • $32.00 per item
  • Overdraft Debit CardOverdraft/non-sufficient funds fee for debit card transactions clearing the account. You may opt out of this service.
  • $32.00 per item
  • Overdraft Protection TransferFee for automatic overdraft transfer from overdraft sources (savings, credit card, unsecured line of credit) to checking account.
  • $10.00

Safe Deposit Boxes

This fee is charged annually to your account on the date you originally signed the safe deposit box lease agreement. Safe deposit boxes are available at Cross Pointe, Derby East, Tyler, and West Maple.

  • Safe Deposit Boxes 3 X 5
  • $25.00 per year
  • Safe Deposit Boxes 5 X 5
  • $30.00 per year
  • Safe Deposit Boxes 3 X 10
  • $35.00 per year
  • Safe Deposit Boxes 5 X 10
  • $50.00 per year
  • Safe Deposit Boxes 10 X 10
  • $90.00 per year

Share Certificates

  • Share Certificate Early Redemption Original Maturity Less Than One YearThis fee applies if you remove funds or close your share certificate before the maturity date. You may always withdraw interest earned on the certificate without any penalty. The penalty is calculated only against the amount you withdraw that falls below the original certificate amount at the beginning of the term of the certificate. In certain circumstances we may waive this fee, such as the death or incompetence of an owner of the account, or the law permits, or in some cases requires, the waiver of the penalty.
  • 90 days interest
  • Share Certificate Early Redemption Original Maturity One Year or GreaterThis fee applies if you remove funds or close your share certificate before the maturity date. You may always withdraw interest earned on the certificate without any penalty. The penalty is calculated only against the amount you withdraw that falls below the original certificate amount at the beginning of the term of the certificate. In certain circumstances we may waive this fee, such as the death or incompetence of an owner of the account, or the law permits, or in some cases requires, the waiver of the penalty.
  • 180 days interest

Vehicle Titles

  • MaintenanceDuplicate titles, state change, name change, and additional lien release requests are processed through MyTitleSupport for a fee. Visit MyTitleSupport.com for a list of applicable charges.
  • Varies

VISA Credit Card

  • VISA Credit Card Cash AdvanceFee is charged if you use your Meritrust VISA Credit Card to obtain cash.
  • 3% of advanced amount,
    $8.00 minimum,
    $35.00 maximum
  • VISA Credit Card Balance TransferIf you move a credit card balance from another card to your Meritrust card, we will not charge a fee.
  • Free
  • VISA Credit Card Late PaymentIf payment is less than $28.00, then the late payment fee will not exceed the amount of the payment.
  • $28.00
  • VISA Credit Card Returned Loan PaymentFee will be charged if you use a check to pay your VISA Credit Card payment, and that check is returned. If payment is less than $28.00, then the returned loan payment fee will not exceed the amount of the payment.
  • $28.00
  • VISA Credit Card Over-Credit LimitIf the payment is less than $28.00, then the over-credit limit fee will not exceed the amount of the payment.
  • $28.00

Wire Transfer Services

  • Incoming DomesticFee will be charged to you if someone sends you a wire transfer from a domestic account to your account at Meritrust.
  • $15.00
  • Incoming InternationalFee will be charged to you if someone sends you a wire transfer from an account in a financial institution outside the United States to your account at Meritrust.
  • $20.00
  • Outgoing DomesticFee will be charged to you if you send a wire transfer from your account at Meritrust to an account at another domestic financial institution.
  • $25.00
  • Outgoing InternationalFee will be charged to you if you send a wire transfer from your account at Meritrust to an account at another financial institution outside the United States.
  • $45.00