Deposit Account Disclosure – Important Notices

Deposit Account Disclosure – Important Notices
A Guide to Your Share Account**
It is important to understand how your Texans Credit Union accounts work. We are
committed to providing the information you need to help manage your account. This guide will
explain the additional banking services and fees for your Share Account(s).
Regular Share
Travel Share
IRA Share
CESA Share
None
None
None
None
Single Service Fee
$5
Not applicable
Not applicable
Not applicable
How to Avoid the
Single Service Fee
Maintain an average
daily balance of $100
OR maintain another
Texans account
Not applicable
Not applicable
Not applicable
Minimum Deposit
to Open
$25
$25
$50
$50
Variable, based on
daily balance
Variable, based on
daily balance
Variable, based on
daily balance
Variable, based on
daily balance
$25
Any balance
Any balance
Any balance
Not applicable
Not applicable
Not applicable
Not applicable
(includes $avar Account)
Monthly Service
Fee
Dividends
Minimum Balance
to Earn Dividends
Savings
Withdrawal Limit
Fee
Additional
Requirements
First six Reg D* withdrawals or transfers out
of this account per monthly statement period
at no charge. $10 for each Reg D
withdrawal or transfer out thereafter.
Must maintain a
Not applicable
minimum daily
balance of $25 in
your account.
If you fail to maintain
minimum daily
balance, your
account may be
subject to closure.
* Per federal regulations, the maximum number of remote transactions that can be made each calendar month on Money Market and Share Accounts is six (6)
per account. The limit of six (6) transactions includes withdrawals and/or transfers on a member’s Share Account or Money Market Account made by check, draft,
debit card, PC, Telephone Access Line, Online Banking, telephone or written instruction. Transactions made in person, by mail or at an ATM are not counted
toward this limit
** This guide is part of your Membership Account Agreement Disclosure and contains additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your Membership Account Agreement Disclosure still apply.
Effective 3/24/2014
Page 1 of 8
Deposit Account Disclosure – Important Notices
A Guide to Your Checking Account**
It is important to understand how your Texans Credit Union accounts work. We are
committed to providing the information you need to help manage your account. This guide will
explain the additional banking services and fees for your Checking Account(s).
My Texans Checking®
My Texans Interest Checking
$5
$10
Enroll in e-statements1
OR
Set up a monthly direct deposit into
the checking account
Maintain a minimum daily balance of
$2,500
Minimum
Deposit to
Open
$50
$50
Dividends
None
Variable, based on daily balance
Minimum
Balance to
Earn
Dividends
Not applicable
$2,500 daily balance
Monthly
Service Fee
How to Avoid
the Monthly
Service Fee
1 Email address must be valid. Member must ensure Texans has a current email address. A $2 paper statement fee will apply when email address is invalid.
Update your email address online within the e-statement portal (log into online banking > Additional Services > e-Statements & More).
** This guide is part of your Membership Account Agreement Disclosure and contains additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your Membership Account Agreement Disclosure still apply.
Effective 3/24/2014
Page 2 of 8
Deposit Account Disclosure – Important Notices
A Guide to Your Personal Money Market Account**
It is important to understand how your Texans Credit Union accounts work. We are
committed to providing the information you need to help manage your account. This guide will
explain the additional banking services and fees for your Personal Money Market Account(s).
Texans Money
Market
Select Money
Market
(Closed to new
accounts)
Performance
Money Market with
Relationship
Checking
Performance
Money Market
without
Relationship
Checking
$10
$10
$10
$10
Maintain a minimum
daily balance of
$2,500
Maintain a minimum
daily balance of
$10,000
Maintain a minimum
daily balance of
$10,000
Maintain a minimum
daily balance of
$10,000
Minimum
Deposit to
Open
$2,500
No new accounts
$10,000
$10,000
Dividends
Variable, based on
daily balance
Variable, based on
daily balance
Variable, based on
daily balance
Variable, based on
daily balance
Monthly
Service Fee
How to Avoid
the Monthly
Service Fee
Savings
Withdrawal
Limit Fee
First six Reg D* withdrawals or transfers out of this account per monthly statement period
at no charge. $10 for each Reg D withdrawal or transfer out thereafter.
* Per federal regulations, the maximum number of remote transactions that can be made each calendar month on Money Market and Share Accounts is six (6)
per account. The limit of six (6) transactions includes withdrawals and/or transfers on a member’s Share Account or Money Market Account made by check, draft,
debit card, PC, Telephone Access Line, Online Banking, telephone or written instruction. Transactions made in person, by mail or at an ATM are not counted
toward this limit
** This guide is part of your Membership Account Agreement Disclosure and contains additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your Membership Account Agreement Disclosure still apply.
Effective 3/24/2014
Page 3 of 8
Deposit Account Disclosure – Important Notices
A Guide to Your Certificate of Deposit**
It is important to understand how your Texans Credit Union accounts work. We are
committed to providing the information you need to help manage your account. This guide will
explain the additional banking services and fees for your Certificate(s) of Deposit.
Regular Certificate of Deposit
(includes IRA and CESA)
Jumbo Certificate of Deposit
(includes IRA and CESA)
Monthly Service
Fee
None
None
Minimum Deposit
to Open
$1,000
$100,000
Interest
Fixed
Fixed
Early Withdrawal /
Partial Withdrawal
Penalties
There is a penalty for withdrawing principal prior to the maturity date:
 The penalty on a 91 day Certificate equals 30 days’ interest on the amount
withdrawn
 The penalty on a 182 day Certificate equals 60 days’ interest on the amount
withdrawn
 The penalty on a Certificate with a term of 12 months or longer equals 180 days’
interest on the amount withdrawn
CD Early
Withdrawal Fee/
CD Partial
Withdrawal Fee
$25 service charge when:
 Early withdrawal
 Partial withdrawal
Exception: If over age 70 ½ for required minimum distributions on IRAs, no service
charge is assessed.
Minimum Balance
to Maintain
Account
$1,000
If balance is not maintained, account is
required to be redeemed and closed
$100,000
If balance is not maintained, account is
required to be redeemed and closed
Additional
Information
Additional deposits can be made to CDs and Retirement CDs at maturity or during
the 10-day grace period
** This guide is part of your Membership Account Agreement Disclosure and contains additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your Membership Account Agreement Disclosure still apply.
Effective 7/1/2015
Page 4 of 8
Deposit Account Disclosure – Important Notices
A Guide to Your Account**
It is important to understand how your Texans Credit Union accounts work. We are
committed to providing the information you need to help manage your account. This guide will
explain the additional banking services and fees for various products.
ATM Fees
And Debit Card
Fees1
Texans ATM – an ATM
that prominently displays
the Texans Credit Union
name and logo on the
ATM
Allpoint ATM – an ATM
that prominently displays
the Allpoint name and
logo on the ATM
Non-Texans and nonAllpoint ATM – an ATM
that does not
prominently display the
Texans Credit Union
name and logo or the
Allpoint name and logo
on the ATM
Overdraft
Fees2,3,4
Texans and Allpoint ATM Transactions1:
Using a Texans or Allpoint ATM to complete any
transaction
Non-Texans or non-Allpoint ATM Transaction in
US, ATM Withdrawal Service Charge and ATM
Inquiry Fee1:
Any inquiries, transfers, or withdrawals while using
non-Texans or non-Allpoint ATM
Foreign Transaction Fee1
(formerly called Exchange Rate Adjustment):
Making card purchases, non-ATM cash transactions
or ATM withdrawals in a currency other than US
dollars in a foreign country at a non-Allpoint ATM
Non-ATM Cash Fee:
Using your Texans Debit Card to withdraw cash from
a teller at a financial institution that is not Texans
Card Replacement Fee
$0 per transaction
Card Replacement (Rush Request):
Express shipping of replacement debit or ATM card
Courtesy Pay Fees: Insufficient Funds Fee (paid)
OR Insufficient Funds Fee (NSF) (paid) OR
Insufficient Funds Fee (UCF) (paid):
Texans pays for an item when your Available
Balance in an account is not sufficient to cover a
transaction
Insufficient Funds Fees: Insufficient Funds Fee
(NSF) (Returned) or Insufficient Funds Fee (UCF)
(Returned): Texans returns an item when your
Available Balance in an account is not sufficient to
cover a transaction
Overdraft (OD) Protection Transfer (Tran) Fee
(If you are enrolled):
Texans transfers money from a Regular Share
(savings), Money Market or Line of Credit account
Uncollected Funds (UCF) Protection Transfer Fee
(Overdraft Protection) (If you are enrolled):
Texans transfers money from a Regular Share
(savings), Money Market or Line of Credit account
Consecutive Days Overdraft Fee (CDOD): For
each time that your account is overdrawn 5 or more
consecutive business days, we charge one
Consecutive Days Overdraft Fee. We charge the fee
after the 5th consecutive business day. The
Consecutive Days Overdraft Fee is in addition to
applicable Overdraft Fees (Courtesy Pay and
Insufficient Funds Fees).
$20 to $150 depending on shipping destination
$2 per transaction, plus any fees the ATM owner charges
$4 each, plus any fees the ATM owner charges
$4 each
$5 per card, per occurrence
$35 for each item we pay
$35 for each item we return
$5 per transfer
Interest and fees will apply for transfers from your Texans personal
line of credit.
$5 per transfer
Interest and fees will apply for transfers from your Texans personal
line of credit.
$25 per event: You can avoid this fee by depositing enough
available funds in your account to cover your overdraft plus any
fees we assessed within the first 5 consecutive business days that
your account is overdrawn. If an everyday non-recurring debit card
transaction or an ATM transaction, for which you did not agree to
our overdraft practices, causes your account to become
overdrawn, the 5-business day period does not start. The 5business day period starts if another type of transaction either
causes or increases the overdraft on your account.
** This guide is part of your Membership Account Agreement Disclosure and contains additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your Membership Account Agreement Disclosure still apply.
Effective 10/1/2016
Page 5 of 8
Deposit Account Disclosure – Important Notices
Deposit
Services
Fees3, 9, 10
Bagged Coin Fee:
Loose coin over $25 or rolled coin over $100
(members under 18 are exempt from fee)
Check Cashing for Non-Members:
Only available for “on us” checks
Check Copy Fee:
All accounts
Check Printing
CD Early Withdrawal Fee or CD Partial
Withdrawal Fee (additional penalties apply)10
DocuSign document paper copy fee:
Documents no longer available to be printed from
DocuSign, (see Texans Credit Union Electronic
Record and Signature Disclosure for availability
information).
Domestic Collection Cash Letter:
Requires signature endorsement (no stamps)
Generally up to 6-8 week delay of funds, Includes oil
and gas leases and bonds (excluding savings bonds)
Early Account Closure Fee:
Within 90 days of opening; member share only
Foreign Collection (Coll) Cash Letter Fee (less
than $200):
Requires signature endorsement (no stamps)
Generally up to 6-8 week delay of funds
Foreign Collection (Coll) Collected Credit (Cr)
Fee ($200 or greater):
Requires signature endorsement (no stamps)
Generally up to 6-8 week delay of funds
Inactivity Fee:
Checking account with no activity for 90 days
Fee is waived if the account has an average daily
balance of $2,000 or more
Legal Processing Fee:
Levy, garnishment, etc.
Monthly Service Fee9
Paper Statement Fee:
Applicable to all checking accounts
Returned Check Charge:
Deposited item or cashed check
Returned Mail Fee
Savings Withdrawal Limit Fee3:
Regular and Travel Share (includes $avar Account)
and Money Market accounts
Single Service Fee:
Regular Share accounts
Statement Print Service Charge:
Statements, images, computer printouts, etc.
Stop Payment Fee:
Initial request or renewal of existing request
Temporary Check Fee:
Existing accounts
Visa Gift Cards – Pre-designed:
Min. value: $25; max value: $1,000
Visa Gift Cards – Custom Design:
Min. value: $10; max. value: $250
Effective 10/1/2016
$5 or 5%
(whichever is greater)
$5 per item
$3 per check or free in online banking
Prices may vary depending on style – My Texans Interest
Checking accounts receive reimbursement for one box of Texans
Credit Union custom checks per year.
Harland Clarke is the approved check provider.
$25 - Early or partial withdrawal except for required minimum
distributions on IRAs
$3 per item
$25 – Members are also responsible for fees assessed by other
financial institutions involved in the collection process including
any fees for nonpayment or return of item(s)
$25
$25 – Members are also responsible for fees assessed by other
financial institutions involved in the collection process including
any fees for nonpayment or return of item(s)
$55 – Members are also responsible for fees assessed by other
financial institutions involved in the collection process including
any fees for nonpayment or return of item(s)
$6 per month of inactivity
$100 per occurrence ($100 minimum)
$5 per month My Texans Checking
$10 per month My Texans Interest Checking, Texans Money
Market, Select Money Market and Performance Money Market
$2 per statement
$10 per unpaid item that you deposited or cashed
$5
$10 for each Reg D withdrawal or transfer out thereafter each
month. First Six Reg D withdrawals or transfers out of the account
per monthly statement period are at no charge.
$5 monthly fee (can be avoided if average daily balance of $100
OR another Texans account is maintained)
$3 per item
$30 per request, per item
$5 per four checks (four-check minimum)
$3.95 per card
$5.95 per card, plus custom charges include shipping
(only available online)
Page 6 of 8
Deposit Account Disclosure – Important Notices
Wire Transfers
Fees5
Wire Transfers
Fees5 (cont’d)
Research
Services Fees
Electronic
Services Fees7, 8,
11
Miscellaneous
Services Fees6
Safe Deposit
Boxes Fees
Safe deposit boxes
subject to availability.
Select locations only.
Domestic and Foreign Incoming Wire Fee:
A wire transfer that is deposited into your account
from another bank
Wire Out Charge:
Domestic - A wire transfer that you send from your
account to another US bank
Foreign (INTL Wire) - A wire transfer that you send
from your account to a bank account outside the US
International Tracers, Amendments, Reversal
Requests
Account Research and Reconciliation
Erroneous Debit Card Transaction Dispute
Immigration Letter
Verification of Deposit Letter:
(Does not apply to CU Member Mortgages)
Current Balance Letter Fee
24-Hour Account Access Line:
(Touchtone® telephone)
Insufficient Funds Fee Paid Item:
Including Courtesy Pay
Online Banking:
Setup fee
Monthly service charge
Online Bank Transfers:
Account link (bank to bank)
Incoming
Outgoing11
Online Bill Pay Service:
Monthly service charge (all accounts)
Pre-Authorized One-Time Payments (TelPay):
Telephone, IVR, and Web Center Payments7
Return Payments Fee (includes TelPay):
Returned due to: insufficient funds in account,
closed account, authorization revoked, unauthorized
debit, account frozen or incorrect account number8
Cashier’s Checks
Cashier’s Checks6 / Money Order Replacement
Credit Card Replacement:
Expedited domestic and international shipping
Lien Release Fee
Money Orders
Payment Extension Fee
Travelers Cheques:
With any Texans Checking Account
All other accounts
Safe Deposit Boxes:
Annual rental fee
3” x 5” x 22”
3” x 10” x 22”
5” x 10” x 22”
10” x 10” x 22”
10” x 15” x 22”
Refundable Key Deposit
$10
Fee disclosed at the time of transaction
Fee varies with a maximum charge of $100, per request
$20 per hour ($20 minimum)
$25 per transaction
$36 per letter
$10 per letter
$10 per letter
None
$35
None
None
None
$6
None
$15
$25
$5
$30
$25
$15
$3
$25
None
1% of purchase amount
$25
$40
$60
$100
$150
$15
1 When you use a non-Texans or non-Allpoint ATM, you may be charged a fee (sometimes known as a surcharge) by the ATM operator. Inquiries and Fund
Transfers will still incur a fee. Additional foreign transaction fees charged by the Card Network may still apply on all transactions including those done at an
Allpoint ATM.
2 If a Texans Check Card transaction occurs, an ACH transaction occurs, you write a check, you perform a transaction by any other electronic means, or you
take other action that results in your Account becoming overdrawn, Texans may pay the item which exceeds the available balance in your Account up to $750,
including fees. If at any time the limit has been reached, new attempted debit card transactions will be declined. Additionally, check, ACH and pending or
already-processed debit card transactions that exceed the limit will be returned unpaid and you will incur a charge for each Returned Item Due to Insufficient
Effective 10/1/2016
Page 7 of 8
Deposit Account Disclosure – Important Notices
Funds (NSF fee). We will charge a Consecutive Days OD Fee for any overdraft balances that you haven’t repaid within the first 5 consecutive business days that
your account is overdrawn. Accounts are subject to closure if a negative balance remains after 10 business days. Whether or not the overdraft will be paid is
discretionary and Texans reserves the right not to pay. For example, Texans typically does not pay overdrafts if your account is not in good standing, you are not
making regular deposits, or if you have too many overdrafts. Your account may become eligible for Courtesy Pay after the account has been open for a
minimum of 30 days.
3 Per federal regulations, the maximum number of remote transactions that can be made each calendar month on Money Market and Share Accounts is six (6)
per account. The limit of six (6) transactions includes withdrawals and/or transfers on a member’s Share Account or Money Market Account made by check, draft,
debit card, PC, Telephone Access Line, Online Banking, telephone or written instruction. Transactions made in person, by mail or at an ATM are not counted
toward this limit.
4 Credit Approval required for a Texans Line-of-Credit. A joint owner on your checking account, who is not a joint owner on your Share (savings), Money Market,
and/or co-borrower on your Texans Line-of-Credit, will have access to your Share (savings), Money Market, and/or Texans Line-of-Credit. Up to two accounts
(Share, Money Market and/or Texans Line-of-Credit) may be selected for overdraft protection. Other checking accounts excluded as overdraft option.
5 Fees for wire transfers and drafts may change at any time. Visit a branch or call us at the number on your statement for current fees.
6 The replacement of lost, stolen or destroyed Cashier’s Checks prior to the expiration of 90 days from issuance may require the purchase of an indemnity bond.
7 No charge for Texans loan payments made via online banking.
8 Fee will be assessed against any Deposit account(s) held at Texans. This could impact your required minimum membership balance. You will be required to
deposit additional funds to meet the minimum membership balance requirements.
9 Monthly Service Fee will be waived under the following circumstances;
My Texans Checking – enroll in e-statements OR set up a monthly direct deposit into your My Texans Checking account.
My Texans Interest Checking – maintain a minimum daily balance of $2,500 in your My Texans Interest Checking account
Texans Money Market - maintain a minimum daily balance of $2,500 in your Texans Money Market account
Select Money Market and Performance Money Market - maintain a minimum daily balance of $10,000 in your applicable Money Market account
10 There is a penalty for withdrawing principal prior to the maturity date. The penalty on a 91 day Certificate will equal 30 days’ interest on the amount
withdrawn. The penalty on a 182 day Certificate will equal 60 days’ interest on the amount withdrawn. The penalty on a Certificate with a term of 12 months or
longer will equal 180 days’ interest on the amount withdrawn.
11 External transfers are limited to $2,000 per day or $5,000 per month per member. A transfer can take between 3-4 banking days to process. A transfer must
be completed prior to a new transfer being scheduled. Only one transfer is allowed at a time. If “back to back” transfers are scheduled subsequent transfers will
be cancelled. You are only allowed to make one transfer every 5 banking days.
Effective 10/1/2016
Page 8 of 8