Effective 2/1/23
Business Fee Schedule
| Personal Deposit Account | Fees |
|---|---|
| Account balancing assistance (per hour) | $25.00 |
| Account research/ Account printout or document copy(per item - if less than 1 hour) | $5.00 |
| Account research (per hour) | $25.00 |
| Account verification (deposit or loan) | $10.00 |
| ATM transactions at Security Federal machine | Free |
| ATM transactions at another bank’s machine | $2.00¹ |
| Bank-to-bank transfers- Incoming ($1000 maximum limit) | Free |
| Bank-to-bank transfers- Outgoing per transfer fee ($1000 maximum limit) | $1.00 |
| Cashier’s check | $3.00 |
| Chargeback (return deposited item) | $10.00 |
| Chargeback (return deposited item) - special handling | $15.00 |
| Check images with statements (per account/month) | $2.00 |
| Christmas Club early closeout fee | $10.00 |
| Close account within 90 days of opening | $25.00 |
| Coin bags (per bag) | $2.00 |
| Collection item - Canadian | $25.00 |
| Collection item - domestic | $20.00 |
| Collection item – foreign | $75.00 |
| Deposit ticket improperly encoded | $5.00 |
| Dormant account (per month)² | $5.00² |
|
Electronic Lock Box
|
Monthly service fee (per month) - $50.00
Per Item - $0.25
Set-up fee - $200.00
|
| Foreign currency (purchased or redeemed) | $25.00 |
| Items processed over account limit (per item) | $0.35 |
| Money market and Savings > 6 debits/cycle (per debit) | $3.00 |
| Money market and Savings debits > 6 debits/cycle (per debit) | $3.00 |
| Night depository disposable bag (per bag) | $1.00 |
| Night depository lockable bag (per bag) | $30.00 |
| Overdraft exceeding 10 business days (per day) | $5.00 |
| Overdraft Fee3 | $35.00³ |
| Overdraft transfer fee (per transfer) | $5.00 |
| Non-sufficient Funds (NSF) - Returned Item Fee | Up to $35 |
| Paper statements (per account/per month) | $3.00 |
| Photocopies (per page) | $0.25 |
| Redeposit | $10.00 |
| Remote Deposit |
Monthly service fee (per month) - $39.95
Per item over 200 items - $0.16
Set-up fee per locations - $75.00
Additional accounts/locations (per month) - $2.00
|
| Replace ATM or Debit Card |
$10.00
|
| Returned mail fee (per month) | $5.00 |
| Stop payment | $35.00 |
| Tax levies and garnishments | up to $100.00 |
| Treasury Management |
Treasury Management Monthly Fee - $15.00
ACH (per batch) - $6.00
TM Wire Transfer - incoming - $8.00
TM Wire Transfer - outgoing - $10.00
|
| Wire transfer - incoming |
$16.00
|
| Wire transfer – outgoing | $20.00 |
| Wire transfer - foreign incoming | $20.00 |
| Wire transfer – foreign outgoing | $50.00 |
| Account Analysis Fees | |
| ACH - debit or credit | $0.25 |
| Credit | $0.40 |
| Currency deposited (per strap) | $0.30 |
| Currency purchased (per strap) | $0.50 |
| Debit | $0.20 |
| Deposit insurance premium | Fees vary |
| Earnings credit | Based on a competitive market rate |
| Items deposited (per item) | $0.12 |
| Maintenance (per month) | $13.95 |
| Negative funds fee | 18.00% |
| Night depository usage (per bag deposited) | $1.00 |
| Rolled coin deposited (per roll) | $0.15 |
| Rolled coin purchased (per roll) | $0.10 |
| Sweep maintenance charge (per month) | $38.95 |
| Trade analysis compliance review fee (per month) | up to $750.00 |
¹ Per ATM transaction after 2 per month (other bank may impose an ATM surcharge)
² After 12 months of inactivity for checking and after 24 months of inactivity for savings and money market accounts
³ Fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means
4 The contents of your safe deposit box are not insured against loss by Security Federal Bank or FDIC. You may wish to obtain your own insurance on the contents of your box.
Effective 06/01/2021. Bolded items were revised.
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