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:: Schedule of Service Fees

 

Stop payment (all types)* $20.00
Insufficient funds charge (all types)* $25.00
Check orders (depending on style)* price vary
Item deposit/cash returned unpaid* $3.56
Account reconciliation/research* $25.00 per hour
Copies of NOW checks* $5.00 or $25.00 per hour
Copies of statements* $5.00
Copies of instant statements $5.00
Copies of money orders $5.00
Copy of treasurer's checks $5.00
Certified checks $10.00
Phone Transfers $1.00
Bank checks/Treasurer's checks* $5.00
Personal money orders (up to $1,000)* $2.00
American Express Gift Cheques $2.50
Annual IRA Plan fee $15.00
IRA transfers out $35.00
ATM/VISA Check Card replacement $10.00
 
ATM Transactions:
Medford Co-op Bank ATM's Free
ATM Point of Sale (POS) withdrawal fee $0.30
 
Foreign ATM Charges:
ATM Inquiry Service Charge $1.25
ATM Transfer Service Charge $1.25
ATM Withdrawal Service Charge $1.25
 
Passbook replacement $10.00
Passbooks closed within 90
days of opening
$10.00
Safe deposit box key replacement $10.00
Safe deposit box drilling $150.00
Late payment on a safe deposit box
(30 days)
$10.00
Tax levies $40.00
Travelers Check (per $100) $1.00
Travelers Checks for two (per $100) $1.75
Wire transfer incoming* $8.00
Wire transfer outgoing* Domestic $20.00
Wire transfer outgoing* Foreign $45.00
Temporary checks $1.00
Coin counting 3% of amount
Credit reference $25.00
Overdraft Protection annual fee $25.00
Abandoned property $25.00
 
CD early withdrawal penalty (on amount withdrawn):
12 Month Term or Less 3 month's interest
13 to 24 Month Terms 6 month's interest
25 Month Terms & Longer 12 month's interest
 
Canadian check processing $8.00 per item
Online Banking Free
Online Banking with Bill Pay $4.95 per month

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:: OVERVIEW OF ACCOUNTS


Minuteman Checking Account

The monthly maintenance service charge of $12.00 is waived when a minimum daily balance of $5,000.00 is maintained.

NOW Account

The monthly maintenance service charge is $5.00 and there is no limit on the number of checks you may write each month.

Basic Checking

The monthly maintenance service charge is $3.00 and is waived with direct deposit. Write up to 20 checks per statement period with no charge. Additional checks processed are $0.25 per check.

Special Money Fund

The Special Money Fund is a variable, tiered rate account. You must deposit $2,500.00 to open this account. A below minimum balance maintenance service charge of $15.00 will be imposed every month if the balance in your account falls below $2,500.00 any day of the month. You may take no more than six (6) preauthorized transfers from your account each statement period, but only three (3) of such transfers may be made by payments by check, draft, debit card, or similar order made to third parties. A fee of $5.00 will be charged for each check drawn over the limit of three (3) per statement period. Interest is compounded monthly and credited to your account each month.

Passbook Savings

The monthly maintenance service charge of $2.00 is waived when a minimum daily balance of $2,000.00 is maintained.

Statement Savings

The monthly maintenance service charge of $5.00 is waived when a minimum daily balance of $2,000.00 is maintained.

Fixed Rate Term Deposit Certificate ("CDs")

We offer a variety of attractive CD Terms to meet your needs.

Individual Retirement Accounts

Individual Retirement Accounts are available in variable rate, passbook savings accounts or fixed rate CDs.

Safe Deposit Box

A safe deposit box is a secure way to protect your valuables. The contents of your box are always private and only you and the people you designate can open the box. Rentals are available at the Bank's Main Office, and Salem Street Office in Medford and in Arlington.

Size and Annual Fee

3"x5" -$ 35.00
5"x5" - $55.00**
3"x10" -$70.00
5"x10" - $90.00
10"x10" - $150.00

**Salem Street &
Arlington Office

Medford Co-operative Online Banking– Free

Bill paying – $4.95 per month (Free Online Bill Payment with the Minuteman Checking Account) 3 Month Free Trial

*Depositors age 18 or younger or 65 or older:

Certain fees will be waived for depositors age 18 or younger or 65 or older. If you fall within these age ranges and you notify the Bank, your service fees for one checking account and one savings account will be waived. Your charge for insufficient funds on the account will be $5.00. Standard check orders are free.

Prices may vary on special orders.

 

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