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Except as specifically described, the following
disclosures apply to all accounts with Alliance
Federal Credit Union. |
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 Rate
Information: The Annual Percentage Yield is
a percentage rate that reflects the total amount
of dividends to be paid on an account based on
the dividend rate and frequency of compounding
for an annual period. For all accounts, the
Dividend Rate and Annual Percentage Yield may
change monthly as determined by the Credit
Union’s Board of Directors.
Nature of Dividends: Dividends are paid
from current income and available earnings after
required transfers to reserves at the end of the
dividend period. The Dividend Rates and Annual
Percentage Yields are the prospective rates and
yields that the Credit Union anticipates paying
for the applicable period.
Dividend Compounding and Crediting: The
compounding and crediting of dividends and
dividend period applicable to each account are
set forth in the Rate Schedule. The Dividend
Period is the period of time at the end of which
an account earns dividends credit. The Dividend
Period begins on the first calendar day of the
period and ends on the last calendar day of the
period.
Accrual of Dividends: For all accounts,
dividends will begin to accrue on non-cash
deposits (e.g. checks) on the business day you
make the deposit to your account. For all
accounts, if you close your account before
accrued dividends are credited, accrued
dividends will not be paid.
Balance Information: The minimum balance
requirements applicable to each account are set
forth in the Rate Schedule. For Alliance
Checking accounts, there is a minimum daily
balance required to avoid a service fee for the
dividend period. If the minimum daily balance is
not met, there will be a service fee as set
forth in the Rate Schedule. For Share, Money
Market, Alliance Checking Accounts, there is a
minimum daily balance required to obtain the
Annual Percentage Yield for the dividend period.
If the minimum daily balance is not met, you
will not earn the stated Annual Percentage
Yield. For all accounts, using a Daily Balance
method, dividends are calculated by applying a
daily periodic rate to the principal in the
account each day.
Account Limitations: For Share Accounts,
no more than six (6) preauthorized, automatic,
telephone transfers or cash withdrawals may be
made from these accounts to yourself, to another
of yours or to a third party in any month. For
Money Market Accounts, no more
than three (3) preauthorized, automatic,
telephone transfers or cash withdrawals may be
made from these accounts to yourself, to another
of yours or to a third party in any month. If
you exceed these limitations, your account may
be subject to a fee or be closed. For IRA,
Alliance Checking and "FREEdom" Checking
accounts, no account limitations apply.
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Share Account Fees
Savings Accounts
Excess Withdrawal Fee $1.00
If more than six (6) withdrawals per
month.
Money Market Accounts
Excess Withdrawal Fee 10.00
If more than three (3) withdrawals per
month.
Checking Account
Fees
Alliance Checking Accounts
Monthly Service Charge $5.00 per month
(If $1000.00 minimum balance is not
maintained)
NSF Fee $25.00 per item
Direct Deposit Overdraft Fee $28.00 per item
Negative Balance Fee $2.00 per dayFreedom Checking Accounts
NSF Fee $25.00 per item
Direct Deposit Overdraft Fee $28.00 per item
Negative Balance Fee $2.00 per day
Power Checking Accounts
NSF Fee $25.00 per item
Direct Deposit Overdraft Fee $28.00 per item
Negative Balance Fee $2.00 per day
Pre-Existing DBA Accounts
Monthly Service Charge $10.00
NSF Fee $25.00 per item
Direct Deposit Overdraft Fee $28.00 per item
Negative Balance Fee $2.00 per day
Electronic Funds Transfer Fees
Nonproprietary QwikCash ATM Withdrawal $1.00 per
transaction
Nonproprietary
QwikCash ATM Inquiry $1.00 per inquiry
Other Service Fees
(Applicable to all accounts)
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Check Cashing Fee |
1% of the amount of the check
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(Special Rules apply. Members with
loans or if amount of check exceeds
certificates of deposit are exempt
from this charge.) |
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Third Party NSF Fee |
$5.00 per item |
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Single Party Personal Check NSF Fee |
$25.00 per item |
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Stop Payment Fee |
$20.00 per request |
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Cashiers Check Fee |
$2.00 per item |
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Credit Union Check Fee |
$1.00 per check |
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Check Copy Fee |
$3.00 per check |
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(first three (3) free per month)
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Statement Copy Fee |
$3.00 per copy |
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Wire Transfer Fee |
$20.00 per transfer |
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International Wire Transfer Fee |
$40.00 per transfer |
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Western Union Transfer Fee |
$20.00 per transfer |
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International WU Transfer Fee
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$40.00 plus 4% |
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Money Order Fee |
$1.00 per item |
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Inactive Account Fee |
$3.00 per month |
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(Inactive for one (1)
year and account under $50)
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Account Research Fee or
Reconciliation Fee |
$20.00 per hour |
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Phone Inquiry Fee |
$1.00 per call |
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(if audio response
cannot be used for inquiry then fee may
be waived.) |
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Card Replacement Fee |
$5.00 |
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Fax Fee |
$2.00 per fax |
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VISA Gift Card
Member Fee |
$3.00 |
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VISA Gift Card
Non-Member Fee |
$5.00 |
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Non-CU Visa Cash
Advance Fee |
$1.00 |
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