Our Fees
Understanding Account Fees
Account fees are assessed when unfavorable transactions occur on your accounts. These fees are assessed to cover any costs due to VSECU and/or are associated with additional account maintenance resulting from the transaction. Assessing these fees on an individual basis allows us to continue to return the best rates to the membership as a whole. You may be able to reduce or eliminate some fees with our Member Rewards Program
| Action | Fee |
| Overdraft Fee | $24 per item paid |
|---|---|
| Non-Sufficient Funds (NSF) | $24 per item returned |
| Uncollected Funds | $24 per item, paid/returned |
| Overdraft Protection Transfer | $3 each |
| Closed Membership within 90 days | $20 |
| Returned Statement | $5 – future mailing suspended |
| Excessive Transactions – Savings Accounts | $3 per occurrence |
| Inactive Checking Account | $5 per month if no activity on checking account for 90 days & balance is less than $500 |
| Single Service Fee (applies to members who have only a Share Savings account and no other accounts or joint relationship accounts at VSECU, with less than a $100 end-of-month balance in the Share Savings account.) Members under age 21 and over age 65 are excluded. | $5 per month (if applicable) |
Understanding Service Fees
Service fees are assessed on an individual basis for additional services requested of VSECU. These fees are assessed only when applicable for a service provided. This allows us to keep operating costs low for the overall membership and return the best rates possible for deposit and loan products. You may be able to reduce or eliminate some fees with our Member Rewards Program
| Service | Fee |
| Account Reconciliation | $15 first hour/$40 thereafter |
|---|---|
| Wire Transfers (outgoing) | Domestic $18 each/International $40 each |
| Account to Account (A2A) Outbound Transfers | $3 each |
| Account to Account (A2A) or Person to Person (P2P) Failed Transactions | $25 each |
| Paper Statement Copy | $3 per statement (e-Statements free with enrollment) |
| Gift Checks | $2 each |
| Cashier’s Checks | $3 each |
| Money Orders | $3 each |
| Traveler’s Checks | 2% of purchase amount |
| Temporary Checks | $2 for a sheet of 4 |
| Check Order Prices | Vary by style |
| Paper Check Copy | $3 – free online |
| Bill Pay | $5 per month |
| Card Replacement (ATM or Debit) | $10 standard/$40 expedited |
| Legal Processing (writ, levy, etc) | $25 each |
| Member Coin Machine | 5% of total coin amount |
| Stop Payment on Check or ACH | $18 per item; or multiple items within a range |
| Non VSECU ATM Fee1 | $1.50 each |
| ATM Surcharge | Other institutions may charge to use their ATMs. See free ATMs |
1 You may use your VSECU ATM/Debit Card at any VSECU ATM without incurring a fee. If you use an ATM that is not owned by VSECU (Non-VSECU ATM,) the Non-VSECU ATM transaction fee will apply. Additionally, you may incur a surcharge fee from the institution for using their ATM.
Tips to Avoid Fees
Let’s face it, nobody likes paying fees that are unnecessary. And we don’t want to charge unnecessary fees. Although there are some fees that cannot be avoided when you choose to use a particular product or service, there are ways to avoid or reduce some fees altogether. You may be able to reduce or eliminate some fees with our Member Rewards Program. Here are some additional helpful tips for the most common fees:
ATM Surcharge Fee – Instead of using an ATM ask for cash back every time you use your debit card at the grocery store, Walmart® or other retailer. There may be dollar limits on getting cash back free of charge from the retailer. But even if there is a charge, it’s usually a lot less than the surcharge fee charged by the ATM owner. You can also get cash free of any surcharge fee at any CO-OP ATM in the U.S. These ATMs are owned by credit unions and no fee is imposed. Additionally, ATM surcharge rebates are available for Advantage and Advantage Plus members
Overdraft and Non-Sufficient Funds Fee – Keeping an accurate record of your checking account is the most important tip to avoid overdrawing your checking account and getting charged with these fees. For added security consider overdraft protection or appending a line of credit to your checking account.
Excessive Withdrawal Fee – You can avoid this fee by making sure you don’t use your savings account as a transaction account. A good rule of thumb is to keep your monthly transactions to no more than six per month. When you conduct a transaction from your savings accounts face-to-face with a teller, by ATM or by mail, those transactions are exempt from being counted.
Copy of Paper Statement or Checks – If you sign up for online access to your account(s) and enroll in e-Statements you won’t need a paper copy sent to you. Instead you can download a copy of your statement or a copy of a check yourself and print it at home or work. Online banking and e-Statements are free.
Advantage and Advantage Plus members may be rebated between $4 and $8 per month for surcharge fees imposed by non-VSECU ATMs. To determine which membership rewards you quality for view our Member Rewards page.
