Experience more flexibility.
Lower banking fees give your business more money to grow.
Focus on paying business expenses, not high fees
At Michigan First, we understand that businesses, small and large, are the heart of Michigan's economy. We keep our fees low to give you more financial flexibility and chances for success. Here's a list of what you can expect to pay when you do business with us:
All fees are effective as of January 1, 2021.
|Account History-From Staff, No Limit on Pages||$5|
|Account/Loan Number Change, Member Request||$50|
|Account Reopening Within One Year of Closing||$50|
|Account Reopening After Charge Off||$50|
|Account Research-Outside Agencies||$50/hour|
|ATM Transactions-All Michigan First/CO-OP ATMs||Free|
|ATM Transactions-All Other ATM Networks||$2.50|
|ATM Transactions-Surcharge for Non-CO-OP Network at Michigan First ATMs||$5|
|Cash Advance-Credit Card||3% of advance, minimum $10|
|Cash Advance-Another Financial Institution Debit/Credit Card||$5|
|Certificate Account Early Withdrawal Penalty||Through 1 Year: 90 days of dividends
Over 1 Year: 180 days of dividends
|Check Images Online||Free|
|Check Printing and Reorders||Varies|
|Coin Deposits-Self Serve||Free|
|Credit Card Late Payment||$25|
|Credit Card NSF (Returned Payment)||$25|
|Delinquent Loan/Late Fee||20% of delinquent interest (10 day grace period)|
|Electronic Document Delivery||Free|
|Foreign Checks-Collection Items||$10 + bank charges|
|Foreign Transaction||1% of each transaction in U.S. Dollars|
|Levies and Garnishments||$100|
|Loan Extension Agreement||$40|
|Mailed Monthly Statement Charges***||$5|
|Manual Posting of an ACH Item||$20/item after appropriate notice|
|Minimum Balance Fee*||$10/month|
|Night Depository Key Deposit||$10|
|Non-Sufficient Funds (NSF)**||$31|
|Official Check Copy||$5|
|Official Check Stop Payment||$31|
|Online Bill Pay||Free|
|Overdraft Transfer from Savings||1 free/month, $4/each additional|
|PIN Reorder Debit||$2|
|Phone Transfer Within Own Account Via Call Center||$1|
|Phone Transfer/Payment From External Account||$5|
|Returned Deposited Item||$7|
|Sales Receipt Copy (Debit)||$5|
|Service Centers/Shared Branch||$4/teller cash withdrawal|
|Statement Copy-No Limit on Pages||$5|
|Unclaimed Property Fee||$50|
|Verification of Deposits||$10|
|Wire Transfers-Outgoing Domestic||$25|
|Wire Transfers-Outgoing International||$50|
Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.
* Fee applies if aggregate balance falls below $100 in any month.
** Fee will be assessed each time the item is presented for payment; the credit union has no control over how many times an item is presented to us for payment.
*** Fee waived if account has e-statements.