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As of 5-10-25

Business Account Fees

Each fee is subject to change without notice, and, based on the fee type, could be withdrawn from your Share Savings, Free Checking, Connect, or another account. For details, view “Disclosures Summary.”

 
Category Type of Fee Description Fee
General Fees Bad address/returned mail First statement free, then fee per statement thereafter (No charge for 1st statement month with bad address) $5
General Fees Cashier’s Checks Each $5
General Fees Clerical Work Research & document reproduction to authorized third parties charged as allowed by law, per hour. Recall wire charged 2 hours minimum. $25
General Fees Closing a LAFCU Membership Account Within 90 days of opening $25
General Fees Collection items / Foreign Check Processing Subject to outside charges, minimum $10
General Fees CoinstarTM Machine

At designated LAFCU Branches, % of total coins accepted:

  • Direct Deposit into a LAFCU Checking account using a LAFCU Debit Card:
    0% Consumer & Business Accounts
  • Coupon Fees Using a LAFCU Teller:
    6% Consumer Accounts  •  8% Business Accounts
    12% Non-LAFCU Member Accounts
 Free to 12%
General Fees Courtesy Pay for paid items Checks (Share Drafts), Online Payments, & Automated Clearing House (ACH) $29 per presentment;
$145 daily maximum
General Fees Deposit Correction Fee Bulk Deposits/Night Drop, each $10
Online & Mobile Banking DoubleCheck Daily service fee, regardless of number of transactions $10
Online & Mobile Banking DoubleCheck For credit card payments, an additional processing fee is
assessed based on amount charged, per transaction		 2.50%
General Fees Express delivery of an item Each $25
General Fees Foreign Currency shipped overnight to a LAFCU branch Currency is delivered the following business day.
Purchaser of currency will be contacted by a LAFCU representative to arrange pick-up.		 $20
General Fees Foreign Currency shipped overnight to purchasers address Currency is delivered the following business day. Adult signature required upon delivery. Order must be placed by 3pmPST and all orders shipped via FedEx. Five-day buy-back guarantee for a full refund. $25
General Fees Foreigh Currency sold at a LAFCU branch Fee to ship currency back to vendor (CXI). FedEx will pick up currency at the branch. $20
General Fees Foreign Transaction Exchange Rate For transactions initiated in foreign countries & foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will be:
(a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or
(b) the government-mandated rate in effect for the applicable central processing date. In each instance, plus 1.00%		 Varies
General Fees Inactive Share Savings or Checking Account No activity for 18 consecutive months, per month. $3
General Fees Legal processing Each $50
General Fees Low Balance Monthly charge if your combined balance is below $50 from these accounts: Business Savings, Additional Business Savings, Business Money Market, Business Essentials Checking, Business Additional Checking and Business Relationship Checking.  $3
General Fees Los Angeles Federal Credit Union membership fee One-time $5
General Fees Los Angeles Charitable Association (LACA) Annual membership dues $10
General Fees Medallion Signature Guarantee Each $10
General Fees Non-Sufficient Funds (NSF) / Overdrawn. Includes returned checks (Share Drafts), Automated Clearing House (ACH), REG D, Uncollected Funds (UCF), & HELOC Convenience Checks. $29 per presentment;
$145 daily maximum
General Fees Notary Service Per document (for non-LAFCU business). No fee if Notary used for LAFCU business.  Only for LAFCU members. $15
General Fees Overdrawn/Courtesy Pay For Debit Card Transactions including ATM, POS, Debit, & Credit $29 per presentment;
$145 daily maximum
General Fees Overdraft Protection Share Savings, Money Market Accounts, per check or item paid $6
General Fees Returned item (ACH or Check) For loan payment or deposit if the deposited check or item is from a third party $15
General Fees Returned item (ACH or Check) For loan payments or if the deposited check/item is from an account a LAFCU member has at another financial institution $29
General Fees Rolled Coins Depending on denomination The greater of $0.10
or 5% per roll
General Fees Verification of Deposit (VOD) Each $10
ATM & Other Cards Card replacement Debit (ATM) Card, Home Equity Access, or Visa® Credit Card, each

$15;
Express card $25
ATM & Other Cards Deposit Correction Fee For bulk deposits or night drop deposits, per deposit $10
ATM & Other Cards Discrepancies Between actual amount deposited & amount electronically entered through an ATM or mobile phone: Mobile Check Deposit, each $10
ATM & Other Cards Transactions at ATMs not owned by LAFCU --------

Subject to fees charged by ATM owner
ATM & Other Cards Withdrawals for LAFCU Members At LAFCU ATMs & CO-OP ATMs

Free
ATM & Other Cards Withdrawals for LAFCU Members At Non-CO-OP ATMs

$2.00
ATM & Other Cards Withdrawals for LAFCU Members At LAFCU ATMs using a non-LAFCU card, each

$3.50
Checking Accounts Business Essentials Checking Monthly Fee. The monthly service fee is waived with a minimum combined balance of $1,000.              $10
Checking Accounts Business Essentials Checking You are allowed 100 free (debit and credit) transaction items each month; thereafter a $0.20 fee per item will apply.              20 cents
Checking Accounts Business Essentials Checking You may deposit up to $5,000 in currency per month; thereafter a $0.50 fee per $100 will apply.               50 cents
Checking Accounts Business Relationship Checking Monthly fee, no minimum balance required.              $25
Checking Accounts Business Relationship Checking You are allowed 200 free   (debit and credit) transaction items each month; thereafter a $0.20 fee per item will apply.              20 cents
Checking Accounts Business Relationship Checking You may deposit up to $10,000 in currency per month; thereafter a $0.50 fee per $100 will apply.              50 cents
Checking Accounts Business Relationship Checking Business remote deposit capture $10 plus.             $10
Checking Accounts Business Relationship Checking Business ACH $20 plus.              $20
Checking Accounts Additional Business Checking  Monthly fee, no minimum balance required.               $10
Checking Accounts Additonal Business Checking  Debit and credit fee of $0.20 per item subject to combined monthly transaction limit of the business' primary checking relationship.             20 cents
Checking Accounts Additional Business Checking Currency fee of $0.50 per $100 subject to combined monthly transaction limit of the business' primary checking relationship.             50 cents
Checking Accounts Check Cashing For LAFCU Members

1% of check,
$5 minimum fee
Checking Accounts Check Cashing For non-LAFCU Members (for cashier’s checks or LAFCU checks only), per check

$10
Checking Accounts Check Imaging Front & back images inserted in checking statement), per account type monthly $16
Checking Accounts Check Printing for Business For printing additional Business checks. Unlimited check writing

Varies
Checking Accounts Temporary Paper Checks First eight (8) free for new checking accounts opened less than 30 days), for 8

$5
Copies Account history Non-statement copy

$2
Copies Cashier’s Checks & Convenience Loan Checks Each

$5
Copies Cleared business & Bill Pay checks, each Two items per statement period are free for the last 12 months, then each

$5
Copies Photocopies Free for LAFCU business, or each

50 cents
Copies Statement retrieval & copies Get up to 36 months of statements free inside Online Banking; or each

$5
Online & Mobile Banking Bill Pay service inside Online Banking Pay unlimited # of bills

Free
Online & Mobile Banking Bill Pay service inside Online Banking Expedited “next business day” payment if payee accepts electronic payments, per payee

$5
Online & Mobile Banking Bill Pay service inside Online Banking Expedited “next business day” payment with a paper check, per payee

$25
Online & Mobile Banking Bill Pay Non-Sufficient Funds (NSF) Each

$29
Online & Mobile Banking Internal Funds Transfer --------

Free
Online & Mobile Banking Mobile Deposit Adjustments Discrepancy between actual and deposited amounts, endorsement requirements not met, and prohibited deposit items.

$10
Savings Accounts  Business Savings  Monthly Fee                $5
Savings Accounts  Business Savings  A $0.20 fee per debit and credit transaction subject to the combined monthly transaction limit of the business' primary checking relationship.              20 cents
Savings Accounts  Business Savings  Currency of  $0.50 fee per $100 subject to the combined monthly transaction limit of the business' primary checking relationship.              50 cents
Savings Accounts  Additional Business Savings  Monthly Fee                $5
Savings Accounts  Additional Business Savings  A $0.20 fee per debit and credit transaction subject to the combined monthly transaction limit of the business' primary checking relationship.               20 cents
Savings Accounts  Additional Business Savings  Currency fee of $0.50 per $100 subject to the combined monthly transaction limit of the business' primary checking relationship.               50 cents
Savings Accounts  Business Money Market  Monthly Fee                N/A
Stop Payments ACH credit or debit At a branch or on the phone with an MSR, each

$26
Stop Payments ACH credit or debit Online Banking (Stop only), each $15
Stop Payments Online Bill Pay payments Using the self-serve virtual assistant ("Angie") or Online Banking, each $15
Stop Payments Paper personal checks
(including Visa Convenience checks)		 At a branch or on the phone with an MSR, each

$26
Stop Payments Paper personal checks Using the self-serve virtual assistant ("Angie") or Online Banking, each

$15
Visa BUSINESS
Credit Cards		 Balance Transfer % of the transferred amount

3% (minimum $10
& maximum $250)
Visa BUSINESS
Credit Cards		 Cash Advances
  • Interest is charged from the date of transaction.
  • A 2% fee is charged for advances:
    ...For advances at ATMs owned by LAFCU: Either $10, or 2%
    of the amount advanced plus $2.50, whichever is greater
    ...For advances other than those at ATMs owned by LAFCU:
    Either $10, or 2% of the amount advanced, whichever is greater.

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Visa BUSINESS
Credit Cards		 Late Payment After one day late, each

$30
Visa BUSINESS
Credit Cards		 Merchant Draft Copy Each

$5
Visa BUSINESS
Credit Cards		 Pay By Phone Each

$10
Visa BUSINESS
Credit Cards		 Returned Payment Per return

$29 maximum
Wires International Trace Each

$30
Wires Incoming Transfer Each

$10
Wires Outgoing Domestic Transfer Each

$20
Wires Outgoing International Transfer Each

$60
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

 

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