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NIHFCU Fees

Yes, like all financial institutions, the NIHFCU does assess fees for certain services.  However, in keeping with our “Banking With Heart” mission, you’ll find our fees to be straightforward and commonly lower than those at for-profit banks.

The fees below may be assessed against your account and are subject to change without notice except as required by law. Some fees may be waived on qualifying accounts. Please refer to specific product fee terms for additional information.

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Select each category to view associated the fees

Electronic Banking Services

Online Banking: Free

Mobile Banking: Free

Telephone Banking: Free

E-Statements: Free

Bill Pay:  Expedited Bill Payment $5 each

ATMs and Debit Cards

In-Network ATM Transactions (NIHFCU ATMs and over 30,000 surcharge-free
Co-Op and Alliance One ATMs nationwide):  Free 

Out-of-Network ATM Transactions (Transactions and/or inquiries
at out-of-network ATMs):  $1.50 each (consumer accounts), $2.50 each (business accounts)

Non-US Debit Card Transactions: 1% of amount

ATM Card and Debit Card Replacement: $5

Account Services

Account Number Change: $20 (Fee waived in cases of fraud)

Account Reconciliation: $20 per hour (1 hour minimum)

Account Research:  $15 per hour (1 hour minimum)

Account Verification Letter: $10 each

Attachment or Levy on Account: $50

Verification of Deposit (VOD Letter): $15 each

Paper Statements (Business Accounts): $3 per month

Bad Address: $5 per month (Fee is charged when mail is returned to NIHFCU by the post office; NIHFCU does not forward statements.)

Early Account Closing: $5 (Fee is charged if the Primary Share Account is closed within 6 months of joining NIHFCU)

Escheat Processing: $50 per account

Inactive Account: Fee is assessed when the member has not initiated activity on any NIHFCU account or loan for one calendar year.

  • $2.50/quarter for aggregate average daily balance less than $50

  • $5.00/quarter for aggregate average daily balance of $50-$250.00

Photo Copies and Printouts

Paid Cashier’s Check Copies:  $5 each

Paid Check/Draft Photocopy:  $5 each

Statement Copies: $2 per page

Account History Printouts: $1 per page

Non-Sufficient Funds (NSF)

Paid NSF Items (with Courtesy Pay1): $30 per item

Unpaid NSF Returns (NSF items2): $30 per item (consumer accounts), $35 per item (business accounts)

Per item = ACH Debits, Online Bill Payments, ATM Withdrawals, Debit Card Purchases and Checks

 

Returned Deposited/Cashed Item (Written by Account Owner): $30 each (consumer accounts), $35 each (business accounts)

Returned Deposited/Cashed Item (On 3rd party): $10 each

Stop Payments and Check Replacements

Check/Draft or ACH:  $20 each

Stop Payments – Bill Payments: $30 each

Cashier’s Check Refund/Replacement: $20 each

Wire Transfer Services

Incoming – Domestic: $10 each

Incoming – Foreign: $10 each

Outgoing – Domestic: $20 each ($15 each for Total Care Business accounts)

Outgoing – Foreign: $40 each ($20 each for Total Care Business Accounts)

See below for fee waiver details

Miscellaneous Services

Cashier’s Checks: $7 each (consumer accounts), $10 each (business accounts)

Check Printing:  see representative for price list

Gift Cards (when offered): $3.95

Money Orders: $4 each

Batch Check Scanner Rental Fee: $40 per month

Special Collection: Cost plus $5

Notary Service: $1 per page

Notary Service (Non-Members):  $2 per page

Bond Redemption (Non-Members):  $3 per item

Mortgage & Home Equity Loan Payoff Processing: $35 per request
(Assessed when a payoff request is received from a third party in conjunction with either the sale of a property or the refinance of a mortgage loan, where NIHFCU is not refinancing its existing mortgage loan.)

See below for fee waiver details

Checking Account Monthly Fees

Consumer Accounts:

  • CareFree Checking:  Free

  • TotalCare Checking: $4.95 per month

See below for fee waiver details

Business Accounts:

  • CareFree Checking for Business: Free

  • TotalCare Checking for Business: $15 per month

See below for fee waiver details

Safe Deposit Box

2×5” safe deposit box: $40 per year
3×5” safe deposit box: $45 per year
5×5” safe deposit box: $60 per year
3×10” safe deposit box: $70 per year
5×10” safe deposit box: $90 per year
10×10” safe deposit box: $150 per year
Safe deposit box drilling fee: Actual Cost
Safe deposit box new key: Actual Cost

Transaction and Cash Deposit Fees (business accounts)

Transaction Fees:

CareFree Checking for Business:

  • $0.50 per transaction after the first 200 transactions per month

TotalCare Checking for Business:

  • $0.50 per transaction after the first 500 transactions per month

Cash Deposit Fees:

CareFree Checking for Business:

  • $0.30 per $100 deposited after the first $5,000 deposited per month

TotalCare Checking for Business:

  • $0.30 per $100 deposited after the first $10,000 deposited per month

Fee Waivers (available with qualifying checking accounts and other services)

Aggregate balances for fee waiver purposes means the combination of all NIHFCU account balances and all outstanding NIHFCU loan balances, excluding first mortgages (not credit limits) held under the same member number (not applicable for business accounts).

Savings balances for fee waiver purposes means the combination of all Share Savings, Checking, Money Market, Holiday, You-Name-It, and Certificate account balances held under the same member number. (not applicable for business accounts).

Balances are tracked by member number, not member name. If a fee waiver requires a minimum daily aggregate or savings balance, the fee waiver will apply to any statement cycle in which the balance remains at or above the required minimum each day of the cycle. If a fee waiver requires a minimum average daily aggregate or savings balance, the balances for each day of the statement cycle will be added together and divided by the number of days in the cycle to determine the average daily balance, and the fee waiver will apply if the average daily balance for the cycle is at or above the minimum

Direct Deposit means a monthly direct deposit of at least $1,000 to an NIHFCU savings, checking or money market account.

ATM Fee Waivers may cover fees charged by NIHFCU or the out-of-network ATM operator for use of an ATM, but VISA international service assessment fees are not waived.

In-Network Surcharge-free ATMs: In-Network ATMs include NIHFCU, Credit Union Service Center Shared Branch, CO-OP and Alliance One. Members may also use Johns Hopkins FCU and Mid- Atlantic FCU ATMs with no surcharges.

**Mortgage & Home Equity Payoff Processing is a fee that is assessed when a payoff request is received from a third party in conjunction with either the sale of a property or the refinance of a mortgage loan, where NIHFCU is not refinancing its existing mortgage loan.

Check printing orders exclude express delivery charges.

CareFree Checking Fee Waivers:
• 1 free cashier’s check per month
• -0.25% off auto loan and signature loan rate for automatic-debit of loan payment from any institution. Cannot be combined with any other offer and total discount cannot fall below lowest rate available at time of the loan’s origination.

TotalCare (Consumer) Checking Fee Waivers:
• No monthly account fee if member maintains a NIHFCU credit line or loan (excluding mortgages sold with servicing released) and a minimum $500 monthly direct deposit account. Without this relationship, a $4.95 per month fee applies.
• NIHFCU will waive its $1.50 foreign ATM fee on the first 3 non-network ATM transactions per month. Unused monthly allotment will not transfer to subsequent months. ATM fees and surcharges from the ATM owner apply and will not be rebated.
• 1 Free Box of standard wallet style checks every 12 months Additional cost for premium / custom checks as well as additional orders outside of the complimentary allotment applies.
• Unlimited Free Incoming Wires
• 2 Free Domestic Outgoing Wires per month
• 1 free cashier’s check per month
• -0.50% off auto loan and signature loan rate for automatic-debit of loan payment from this account. Cannot be combined with any other offer and total discount cannot fall below lowest rate available at time of the loan’s origination

TotalCare (Business) Checking Fee Waivers:
• No monthly account fee if member maintains an average daily balance in all their business accounts (excluding loans) of $10,000.00 or more. Without this relationship, a $15.00 per month fee applies.

• NIHFCU will waive its $2.50 foreign ATM fee on the first 3 non-network ATM transactions per month. Unused monthly allotment will not transfer to subsequent months. ATM fees and surcharges from the ATM owner apply and will not be rebated.

• Unlimited Free Incoming Wires

• 1 free cashier’s check per month

• No fee for Batch Check Scanner Rental

The following Checking Accounts are no longer offered as of May 7, 2018

Money Manager Plus Checking Fee Waivers:
• Monthly fee waived with either (a) $25,000 minimum average daily savings balance or (b) Direct Deposit plus a $10,000 minimum average daily savings balance.
• No NIHFCU out-of-network ATM fees. Upon receipt of the ATM Fee Rebate Form, NIHFCU will rebate all fees assessed by out-of-network ATM Operators.
• Unlimited Free Incoming and Outgoing Wires
• 1 Free Cashier’s Check Per Month
• Unlimited Free Money Orders
• 1 Free Box of Checks every 6 months (standard wallet style)
• Unlimited Free Traveler’s Checks for 2

Money Manager Checking Fee Waivers:
• Monthly fee waived with Direct Deposit
• No NIHFCU out-of-network ATM fees. Upon receipt of the ATM Fee Rebate Form, NIHFCU will rebate up to $25 per month in fees assessed by out-of-network ATM operators.
• Unlimited Free Incoming Wires
• 2 Free Outgoing Domestic Wires per month
• 1 Free Box of Checks every 6 months (standard wallet style)

Basic Checking Fee Waivers:
• Monthly fee waived with $100 minimum average daily checking balance or $5,000 minimum average daily aggregate balance.

The following accounts are no longer offered as of 12/24/2009:

Premier Checking:
• The $12 monthly Below Balance Fee is waived with a $2,500 required minimum daily balance in the checking account or has the $25,000 required minimum aggregate daily balance. The assessed fee is deducted from the Checking Account. Balances will be evaluated on a daily basis.
• No NIHFCU fee for twelve (12) out-of-network ATM transactions per month
• 1 Free Box of Checks every 6 months (standard wallet style)
• Free regular Travelers Checks

Plus Checking:
• The $8 monthly Below Balance Fee is waived with a $500 required minimum daily balance in the checking account or has the $15,000 required minimum aggregate daily balance. The assessed fee is deducted from the Checking Account. Balances will be evaluated on a daily basis.
• No NIHFCU fee for five (5) out-of-network ATM transactions per month
• 1 Free Box of Checks per year (standard wallet style)
• Free regular Travelers Checks

Travelers Checks no longer offered as of 07/31/2019

This Fee Schedule is part of and incorporated by reference into the NIH Federal Credit Union Membership Packet. “NIHFCU” means National Institutes of Health Federal Credit Union.

1 Courtesy Pay: Certain exclusions may apply, not all Consumer and Business members are eligible for Courtesy Pay. Courtesy Pay is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time by NIHFCU without prior notice. A Courtesy Pay limit will be granted to eligible consumer checking accounts opened at least 32 days and in good standing. A Courtesy Pay limit will be granted to eligible business checking accounts opened at least 61 days and in good standing.

Courtesy Pay may be discontinued if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 32 days for a minimum of one business day. Each member and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Deposit Account and Disclosure Agreement. The total (negative) balance, including all fees and charges, is due and payable upon demand.

2 Paid NSF Items: This fee may be assessed when NIHFCU pays an *** item that would otherwise overdraw your checking account and you do not have an established Overdraft Plan (transfer from savings or line of credit) with available funds or credit. NIHFCU will pay NSF ATM withdrawals and everyday debit card transactions only if authorized in writing.

Negative checking balances must be repaid within 30 days. NSF items may be paid on checking accounts only; they are not paid on money market accounts even if they have checking privileges. Unless an Overdraft Plan with available funds or credit is set up by a checking account owner, payment of NSF items is not guaranteed. NSF items will not be paid on accounts fewer than 60 days old, accounts that do not receive regular deposits, accounts where any owner’s funds are subject to legal process or other claims, or on accounts where any owner is in default on any obligation to NIHFCU.

*** Your account may be subject to a fee for each item regardless of whether we pay or return the item. We may charge a fee each time an item is submitted or resubmitted for payment; therefore, you may be assessed more than one fee as a result of a returned item and resubmission(s) of the returned item.