|
| Rates & Fees |
As of: August 14th 2007
The rates appearing below are accurate as of the last dividend declaration date, or as of the date
indicated above. If you have any questions or require current rate information on your accounts,
please call the Credit Union at (864) 366-5615.
Par Value of Membership Shares: The Par Value of a Membership Share is $25.00.
|
Share Account |
Share Savings |
Money Management |
IRA Savings |
Christmas Club Savings |
Checking |
| Dividend Rate |
.75% |
N/A |
N/A |
.75% |
.25% |
|
Annual Percentage Yield (APY) |
.75% |
N/A |
N/A |
.75% |
.25% |
|
Dividends Compounded |
Quarterly |
N/A |
N/A |
Quarterly |
Monthly |
| Dividends Credited |
Quarterly |
N/A |
N/A |
Quarterly |
Monthly |
| Dividend Period |
Quarterly |
N/A |
N/A |
Quarterly |
Monthly |
|
Minimum Opening Deposit |
$25.00 |
N/A |
N/A |
N/A |
N/A |
|
Minimum Balance to avoid Service Charge and to earn APY set forth in this Schedule |
None to Earn APY |
N/A |
N/A |
N/A |
$300 Balance to Earn APY |
| Bonus for Opening, Renewing, Maintaining or Increasing Balance in an Account |
N/A |
N/A |
N/A |
N/A |
N/A |
| Amount or Type of Bonus |
N/A |
N/A |
N/A |
N/A |
N/A |
| When the Bonus will be Provided |
N/A |
N/A |
N/A |
N/A |
N/A |
| Minimum Balance to Obtain the Bonus |
N/A |
N/A |
N/A |
N/A |
N/A |
| If an Account is Closed; must wait 6 months before reopening Another Account. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Term Share Certificate Accounts |
Fixed Rate Share Certificate Account |
| Minimum Opening Deposit - Minimum Balance to Earn APY |
$1000.00 |
| Dividends Compounded |
At Maturity |
| Dividends Credited |
At Maturity |
| Dividend Period |
At Maturity |
| Term |
Dividend Rate |
Annual Percentage Yield |
| 6 Month |
call for current rates |
| 12 Month |
call for current rates |
| 18 Month |
call for current rates |
| 24 Month |
call for current rates |
Credit To Accounts For Member Deposits and Business Day Disclosure:
| The Credit Union's 'daily cut-off time': |
|
All deposits or transactions received after the time we close for business on a day we are open or received after we open our Night Depository, or received on a day on which we are closed for business, will be treated if received on the next business day that we are open. Our business hours are listed below. |
| The Credit Union's 'daily cut off time' for Uniform Commercial Code Funds Transfers: |
|
Any dollar amount may be transferred until 1:00 p.m., on a business day. Any request for a transfer after 1:00 p.m., will be sent on the next business day we are open. |
| The Credit Union's business day disclosure: |
|
Our business days are Monday, Tuesday, Thursday and Friday 9:00 – 5:00 pm and Wednesday 9:00 – 12:00/, excluding holidays. Our Night Depository is open 24 hours 7 days a week. (Deposits made on a day we are not open will be processed on the next business day we are open). |
| Stop Payment Orders: |
|
The Credit Union will not be obligated to take any action on a valid and appropriate Stop Payment Order received by us after 1:00 PM on a business day until after we open for business on the following business day. |
Approved Check Printers(s) / Vendor(s): Harland Company, Inc., and Liberty Check Printers, Inc.
Electronic Funds Transfer Services: Limitations, Fees, and other Important Information:
Daily ATM Limits
($/#) |
$205.00 Per 24 Hours |
On-line Transaction Processing |
Generally it will take 2-5 days to process a transaction |
Daily POS Limits
($/#) |
$500.00 Per 24 Hours |
Stopping Payment of an Online Bill Payment Transaction |
You can revise the limit by contracting us at 864-366-5615 during normal business hours. |
| Daily Check Card Limits ($/#) |
$500.00 Per 24 Hours |
Bill Payment Limits |
N/A |
| On-line (Home Banking) |
N/A |
N/A |
N/A |
| Off-line (Home Banking) |
N/A |
N/A |
N/A |
* Cumulative Limits: $1,100.00 per 24-hour period.
Fees applicable to Electronic Banking Transactions:
| Transactions including inquries using Southeast Switch ATM |
No Charge |
N/A |
Transactions including inquires using the CIRRUS, or HONOR Networks
(2 free per month thereafter, each transaction) |
(Transaction Inquiry) |
N/A |
| Replacement ATM card fee (per occurrence) |
$5.00 (1st Card)
$10.00 (2nd Card) |
N/A |
Important Information Regarding Your Electronic Services // ACH – Wire Transfer Disclosures:
| Home Banking Inquiries: N/A
Opt-Out Election – Credit Union's Privacy Policy: 864-366-5615 Abbeville Seaboard Credit Union 603 E. Greenwood St. Abbeville, SC 29620
Networks Available for EFT Transactions: VISA, CIRRUS, HONOR, SOUTHEAST, SWITCH |
|
Club Accounts
| Account |
Account Requirements: |
Distribution Methods: |
| Christmas Club |
Plan Period 11/01 thru 10/31 |
Deposit to Primary Share Acct. or Mail Check |
|
Vacation Club |
N/A |
N/A |
Fees and Services Charges For All Accounts and Services
| Returned Item Fee (per item) |
$30.00 |
|
Account Reconciliation Fee (per hour 1 HR MIN.) |
$30.00 |
|
Check Copy Fee (per item) |
$3.00 |
| Statement Copy Fee (per statement/printout) |
$3.00 |
| Check Request or Certified Check Fee (per draft) |
$10.00 |
|
Wire Transfer Fee (per transfer) – Incoming |
$8.00 |
|
Wire Transfer (USA) Fee (per transfer) – Outgoing |
$12.00 |
| Wire Transfer (international) Fee (per transfer) |
$30.00 |
| Internet Bill Pay Password Reset |
$5.00 |
| Money Order Fee (per money order) |
$1.00 |
| Stop Payment Request Fee (per request) |
$20.00 |
Inactivity/Dormancy Fee (per month after 12 months without activity)
*$5.00 per month |
$5.00 |
| Insufficient Funds Draft Fee (per item) |
$30.00 |
| ATM Transaction Fee (per transaction over 4 per month) |
$1.00 |
| Member Copies (per page) |
$.10 |
| Research Services Fee (per hour) |
$30.00 |
| Legal Process Tax Levies, Garnishments, etc. (per occurrence) |
$10.00 |
| Christmas Club Withdrawl Fee (after 1st withdrawl) |
$10.00 |
| Account Closing within 6 months of Opening |
$15.00 |
| Internet Banking Fee with Checking Account |
Free |
| Internet Banking Fee without Checking Account |
$3.00 |
| Internet Bill Payment |
$5.00 |
| Membership Fee (one time upon application) |
$25.00 |
| Membership Fee (non-refundable) |
$1.00 |
|
