{"id":2456,"date":"2022-04-18T19:20:38","date_gmt":"2022-04-18T19:20:38","guid":{"rendered":"https:\/\/www.velocitycommunity.org\/wph\/workarea\/fees-2\/"},"modified":"2024-11-01T15:59:49","modified_gmt":"2024-11-01T15:59:49","slug":"business-account-fees","status":"publish","type":"page","link":"https:\/\/www.velocitycommunity.org\/wph\/workarea\/business-account-fees\/","title":{"rendered":"Business Account Fees"},"content":{"rendered":"\n

Business Account Fees<\/h1>\n\n\n
\n

You will find that our Business Account Fees are low, competitive, and fair. Speak with a Business Account Specialist<\/a> for more information.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fee Name<\/td>\nTerms<\/td>\nMember<\/td>\n<\/tr>\n<\/thead>\n
\n

Membership Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
New Membership<\/td>\nOne-time fee<\/td>\n$5\/membership<\/td>\n<\/tr>\n
\n

Checking Account Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Low Volume Checking Account Fee<\/td>\n100 FREE transactions1<\/sup><\/td>\n$5 per month<\/td>\n<\/tr>\n
\u00a0<\/td>\nPer transaction over 100<\/td>\n$0.25<\/td>\n<\/tr>\n
Moderate Volume Checking Account Fee<\/td>\n250 FREE transactions1<\/sup><\/td>\n$15 per month<\/td>\n<\/tr>\n
\u00a0<\/td>\nPer transaction over 250<\/td>\n$0.25<\/td>\n<\/tr>\n
Non-Sufficient Funds<\/td>\nNSF per item returned<\/td>\n$34<\/td>\n<\/tr>\n
Overdraft Transfer<\/td>\nPer transfer made<\/td>\n$5<\/td>\n<\/tr>\n
Stop Payment<\/td>\nPer stop placed<\/td>\n$30<\/td>\n<\/tr>\n
Stop Payment Cancellation<\/td>\nPer stop payment canceled<\/td>\n$15<\/td>\n<\/tr>\n
Checks<\/td>\nVariable depending on the style<\/td>\nVariable<\/td>\n<\/tr>\n
Photocopy of Check<\/td>\nPer copy<\/td>\n$10<\/td>\n<\/tr>\n
Original Check<\/td>\nPer original item<\/td>\n$15<\/td>\n<\/tr>\n
Temporary Checks<\/td>\n12 checks<\/td>\n$15<\/td>\n<\/tr>\n
\n

Other Service Fees<\/strong><\/h4>\n<\/td>\n

Applicable to all accounts<\/td>\n\u00a0<\/td>\n<\/tr>\n
Account Reconciliation<\/td>\nPer hour<\/td>\n$35<\/td>\n<\/tr>\n
Account Research<\/td>\nPer hour<\/td>\n$35<\/td>\n<\/tr>\n
Account Close & Reopen<\/td>\nNot applicable when due to fraud or lost\/stolen checks<\/td>\n$40<\/td>\n<\/tr>\n
Account Closed within First 90 Days<\/td>\nPer membership<\/td>\n$35<\/td>\n<\/tr>\n
Deposited Item Returned<\/td>\nPer item<\/td>\n$10<\/td>\n<\/tr>\n
Deposited Item Returned on Self<\/td>\nPer item<\/td>\n$35<\/td>\n<\/tr>\n
NSF on Automatic Loan Payment<\/td>\nPer item<\/td>\n$15<\/td>\n<\/tr>\n
Paper Statements<\/td>\nPer month<\/td>\n$3<\/td>\n<\/tr>\n
Statement Copies<\/td>\nPer copy<\/td>\n$5<\/td>\n<\/tr>\n
Interim Statement or Account Printout<\/td>\nPer item<\/td>\n$5<\/td>\n<\/tr>\n
Incorrect Address<\/td>\nPer month<\/td>\n$5<\/td>\n<\/tr>\n
Returned Mail<\/td>\nPer item – excluding paper statements and marketing materials<\/td>\n$1<\/td>\n<\/tr>\n
Inactive Account<\/td>\nPer month – applied after 12 months of inactivity on accounts less than $500. Accounts owned by minors are excluded.<\/td>\n$10<\/td>\n<\/tr>\n
Escheat Processing<\/td>\nUp to:<\/td>\n$25<\/td>\n<\/tr>\n
Items Sent for Collection<\/td>\nPer item<\/td>\nVariable<\/td>\n<\/tr>\n
Foreign Item Cash Letter\/Collection<\/td>\nPer item up to:<\/td>\n$50<\/td>\n<\/tr>\n
Wire Transfer – Incoming<\/td>\nPer transfer<\/td>\nFREE<\/td>\n<\/tr>\n
Wire Transfer – Outgoing<\/td>\nPer transfer<\/td>\n$20<\/td>\n<\/tr>\n
Wire Transfer – International<\/td>\nOutgoing – per transfer<\/td>\n$50<\/td>\n<\/tr>\n
Certified Check<\/td>\nPer item certified<\/td>\n$2<\/td>\n<\/tr>\n
Velocity CCU Bank Check Withdrawal<\/td>\nPer check<\/td>\n$2<\/td>\n<\/tr>\n
Photocopy of VCCU Bank Check<\/td>\nPer item<\/td>\n$10<\/td>\n<\/tr>\n
Unpresented VCCU Bank Check<\/td>\nPer item<\/td>\n$25<\/td>\n<\/tr>\n
Exchange of Business Check for Cash<\/td>\n\u00a0<\/td>\n1% of check amount up to $7<\/td>\n<\/tr>\n
Coin Machine<\/td>\n\u00a0<\/td>\n7% of total amount<\/td>\n<\/tr>\n
Pay-by-Phone<\/td>\nCall for a free quote<\/td>\nVariable<\/td>\n<\/tr>\n
Notary or Signature Guarantee<\/td>\nMembers only<\/td>\n$10<\/td>\n<\/tr>\n
Express Mail<\/td>\nPer item<\/td>\n$25<\/td>\n<\/tr>\n
Paper Title Processing<\/td>\nPer title plus State fee (variable)<\/td>\n$5<\/td>\n<\/tr>\n
\n

Cash Order Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Up to $1,000<\/td>\n\u00a0<\/td>\nFREE<\/td>\n<\/tr>\n
$1,000 to $5,000<\/td>\n\u00a0<\/td>\n1% of Total Order<\/td>\n<\/tr>\n
$5,000 to $10,000<\/td>\n\u00a0<\/td>\n2% of Total Order<\/td>\n<\/tr>\n
Over $10,000<\/td>\n\u00a0<\/td>\n3.5% of Total Order<\/td>\n<\/tr>\n
Rolled Coin<\/td>\n\u00a0<\/td>\n$0.20 per roll<\/td>\n<\/tr>\n
\n

Deposit Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Up to $10,000 aggregate cash\/coin deposited<\/td>\nper month<\/td>\nFREE<\/td>\n<\/tr>\n
Cash deposited<\/td>\n\u00a0<\/td>\n$0.20 per $100<\/td>\n<\/tr>\n
Rolled Coin<\/td>\n\u00a0<\/td>\n$0.20 per roll<\/td>\n<\/tr>\n
Deposit Correction<\/td>\n\u00a0<\/td>\n$5.00 per correction<\/td>\n<\/tr>\n
\n

Electronic Funds Transfer Fees<\/strong><\/h4>\n<\/td>\n

Applicable to all accounts<\/td>\n\u00a0<\/td>\n<\/tr>\n
VISA Debit Card<\/td>\n\u00a0<\/td>\nFREE<\/td>\n<\/tr>\n
Replacement Card<\/td>\nPer card<\/td>\n$10<\/td>\n<\/tr>\n
Overdrawn Debit Card<\/td>\nPer item<\/td>\n$34<\/td>\n<\/tr>\n
Proprietary ATM<\/td>\n\u00a0<\/td>\nFREE<\/td>\n<\/tr>\n
Non-Proprietary ATMs2<\/sup>\u00a0<\/td>\nWithdrawal – per transaction<\/td>\n$2<\/td>\n<\/tr>\n
\u00a0<\/td>\nBalance Inquiry – per inquiry<\/td>\n$1<\/td>\n<\/tr>\n
Institution-to-Institution (I2I)<\/td>\nIncoming – per transfer<\/td>\nFREE<\/td>\n<\/tr>\n
\u00a0<\/td>\nOutgoing – per transfer<\/td>\n$5<\/td>\n<\/tr>\n
\u00a0<\/td>\nNext Day, Incoming – per transfer<\/td>\n$3<\/td>\n<\/tr>\n
\u00a0<\/td>\nNext Day, Outgoing – per transfer<\/td>\n$8<\/td>\n<\/tr>\n
Loan Payment paid using Debit Card<\/td>\nPer payment<\/td>\n$7.95<\/td>\n<\/tr>\n
Inactive Bill Pay (no payments made during the previous six months)<\/td>\nPer month<\/td>\n$5<\/td>\n<\/tr>\n
\n

Shared Branching Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposited Item Returned<\/td>\nPer item<\/td>\n$25<\/td>\n<\/tr>\n
Deposited Item Returned on Self<\/td>\nPer item<\/td>\n$35<\/td>\n<\/tr>\n
Cash Withdrawal<\/td>\nPer transaction<\/td>\n$2<\/td>\n<\/tr>\n
Balance Inquiry<\/td>\nPer inquiry<\/td>\n$1<\/td>\n<\/tr>\n
\n

Collection Fees<\/strong><\/h4>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax Levy\/Garnishment<\/td>\nPer item<\/td>\n$50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\n

1. Transactions include debits and credits (excluding ATM\/POS transactions and internal transfers), deposits, checks cleared, and checks deposited.
2. Non-proprietary ATMs may charge an additional fee which will be disclosed at the time of the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Business Account Fees You will find that our Business Account Fees are low, competitive, and fair. Speak with a Business Account Specialist for more information. Fee Name Terms Member Membership Fees \u00a0 \u00a0 New Membership One-time fee $5\/membership Checking Account Fees \u00a0 \u00a0 Low Volume Checking Account Fee 100 FREE transactions1 $5 per month \u00a0 […]<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":0,"menu_order":18,"comment_status":"closed","ping_status":"closed","template":"template_back.php","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-2456","page","type-page","status-publish","hentry"],"yoast_head":"\nBusiness Account Fees - Velocity Community Credit Union<\/title>\n<meta name=\"description\" content=\"You will find that our Business Account Fees are low, competitive, and fair. 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