|
SONEPCO Federal Credit Union checking offers you dividends on daily balances greater than $500; no monthly service charges if you use direct deposit, are over 55 or a student; your first order of checks are free; a Check (debit) Card; overdraft protection; and, SONEPCO Federal Credit Union’s traditional excellent, friendly, personal service. It’s worth the move!
A SONEPCO FCU Share Draft Checking account gives you the same purchasing power and convenience you have with bank checks, but without the high cost. Share Drafts give you other advantages, to To make record keeping easy, each draft makes its own carbonless copy as you write it. You’ll never again forget to record a check! You can also arrange for a check guarantee card, an ATM card, and payroll deduction and/or direct deposit to your Share Draft Checking account.
Features:
- No minimum deposit or balance requirement.
- No monthly fees other than penalty fees (i.e. Non-Sufficient Fund Items, Stop Payment requests, and ATM Fees from other financial institutions).
- Account pays dividends.
- e-sleep checking pays more than regular checking, with a minimum deposit of $2,500.
- Available to those members over age 18 who qualify for membership and have no record on Chex Systems.
- ATM access and debit card available.
- Picture Debit card is available at a minimal per card cost.
- Direct Deposit or Payroll Deduction available.
- Overdraft Line of Credit available to qualified members.
- Enhanced with OOPS! Occasional Overdraft Privilege Service
Product Benefits:
- Convenient. Funds can be deposited via direct deposit, payroll deduction or automatic transfers. Funds are accessible via ATM, debit card transaction, checks, phone or website.
- Affordable. Low balance requirement and no monthly fees.
- Easy. It is easy to open and easy to maintain with balance and history information available on-line.
Deposits
Provisional credit is given for most items deposited other than cash. Items deposited that are returned will be reversed. Some items may be placed on “hold” in which case you will be notified of the hold time and the release date or date the funds will be available.
ATM deposits are placed on hold immediately including cash until the deposit can be verified.
Withdrawals
Withdrawals are limited to the amount of the funds available in your checking account as well as any line-of credit attached to your checking account. In addition, ATM and Debit card withdrawals are limited to $500 per account per day.
Payment Order of Items
Although the law allows us to pay items drawn on your account in any order, SONEPCO pays it in order of the smallest dollar amount first. This policy minimizes the number of items that may result in overdraft or NSF if there are not sufficient funds to cover all checks presented.
Fees
Insufficient Funds items will result in a per item fee. Deposited items that are returned will also be charged a per item fee. ATM fees can be avoided if SONEPCO-owned or Co-Op ATMs are used. All fees are disclosed in SONEPCO’s fee schedule.
Stop Payments
Stop payments must be given to SONEPCO in person.
Member’s Responsibility
It is the member’s responsibility to know their account balance at all times. SONEPCO provides help with this through monthly statements as well as on-line account access and friendly helpful personnel in the branches. It is important to keep accurate records to avoid fees or put your checking account in danger of closure. SONEPCO is committed to helping members in any way possible.
|
