Fee Schedule – Summit Credit Union

Accounts

Deposit account service fees

Free Checking carries no monthly service fee and no minimum balance, full stop.

Fee Amount When it applies

Free Checking monthly service $0 No minimum balance and no direct deposit requirement

High-Yield Savings monthly service $0 $5 membership share keeps the account open

Money Market monthly service $0 Waived at all balance tiers

Paper statement $2.00 per month Waived with eStatements or for members 65 and over

Account research $25.00 per hour One-hour minimum; first hour waived once per year

Statement copy $3.00 each Free in digital banking for the last 24 months

Check copy $3.00 each Free in digital banking

Dormant account $5.00 per month After 18 months of no member-initiated activity

Account closed within 90 days $25.00 Does not apply to accounts closed due to fraud

Certificate early withdrawal, terms under 24 months 90 days dividends Deducted from principal if dividends are insufficient

Certificate early withdrawal, terms 24 months and over 180 days dividends Waived on the death of the account owner

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Free Checking → Share certificates → Compare all accounts →

Overdrafts

Overdraft and returned item fees

Capped at three charges per day, and we never reorder transactions to create more of them.

Fee Amount When it applies

Courtesy pay (overdraft paid) $28.00 Maximum three per day; not charged on items under $10

Non-sufficient funds (item returned) $28.00 Charged once per item, never again on a re-presentment

Overdraft transfer from savings $0 Unlimited; the cheapest protection available

Overdraft line of credit advance $0 Interest accrues at 12.99% APR on the advanced amount

Extended overdraft $0 We do not charge a daily fee for staying negative

Stop payment on a check $25.00 Effective six months; renewable at no charge

Stop payment on an ACH $25.00 Free if the item is reported as unauthorized

Deposited item returned unpaid $12.00 Charged when a check you deposited bounces

Grace period refund Full refund Bring the account positive by the next business day

Overdraft services are discretionary. Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Link a savings account → Ask about a charge →

Cards and ATMs

Debit card, ATM and electronic service fees

85,000 surcharge-free ATMs nationwide, and we do not charge for using them.

Fee Amount When it applies

Summit and network ATM withdrawal $0 Any of 85,000 surcharge-free machines

Out-of-network ATM withdrawal $2.00 First four per month refunded automatically

ATM balance inquiry, out of network $1.00 Free in the app; check there instead

Debit card replacement $0 Standard mail; first replacement each year

Rush card delivery $35.00 Two-business-day courier; free if the card failed on our end

Instant card issue in a branch $0 Available at all 42 branches during lobby hours

Foreign transaction 1.00% Of the transaction amount, on purchases outside the US

Card decline due to insufficient funds $0 A declined card never generates a fee

Digital banking and bill pay $0 Including mobile deposit and person-to-person transfers

External transfer, standard $0 Three business days

External transfer, next day $3.00 Requested before 5 p.m. Central

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Find a surcharge-free ATM → Report a lost card →

Special services

Wires, official checks and loan servicing

The occasional charges, including what we bill on the lending side.

Fee Amount When it applies

Incoming wire, domestic or international $0 Routing number 271982561

Outgoing domestic wire $20.00 Requests after 3 p.m. Central go the next business day

Outgoing international wire $45.00 Correspondent bank charges may also apply

Official check or cashier's check $5.00 Free for members 65 and over and for loan closings

Money order $2.00 Up to $1,000 each

Notary service $0 Members only; call ahead to confirm a notary is on site

Medallion signature guarantee $0 By appointment at selected branches

Safe deposit box, 3x5 $40.00 per year Available at 18 branches; sizes to 10x10

Safe deposit box drilling At cost Charged when keys are lost

Coin counting $0 Members only, no limit

Loan late payment 5% of payment After a 10-day grace period; 15 days on mortgages

Loan skip-a-payment $35.00 Twice per year on eligible consumer loans

Vehicle title transfer or lien release $0 Processed within five business days of payoff

Mortgage payoff statement $0 Delivered within two business days of the request

HELOC annual maintenance $0 No annual fee and no inactivity fee during the draw period

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

Wire instructions → Make a payment → Disclosures →

Avoiding them

How members avoid nearly all of these

In 2025, 78% of Summit members paid no fees at all across the entire year.

Link savings to checking An overdraft transfer from your own savings costs nothing and covers the item automatically. It is the single change that eliminates the most fees, and it takes about a minute to set up.

Turn on low-balance alerts Set a threshold in the app and you get a push notification before the balance runs out rather than a $28 charge after. Alerts are free and can be set per account.

Switch to eStatements That removes the $2 monthly paper statement charge and gives you 24 months of history you can download any time. Members 65 and over keep paper statements free either way.

Use the ATM network 85,000 surcharge-free machines and 5,600 shared branches mean you rarely need an out-of-network withdrawal. The locator in the app finds the closest one in a few seconds.

Send an ACH instead of a wire A standard external transfer is free and settles in three business days. A wire costs $20 and is irreversible, so save it for closings and other genuinely time-critical payments.

Ask us to look at it If a fee was charged in error, or it is the first one in years, call 800.555.7846. Branch staff can refund most service charges on the spot without escalating anywhere.

Common questions

Questions about fees

Do you reorder transactions to maximize overdraft fees?

No. Items post in the order they are received, and we cap courtesy pay charges at three per day. We also do not charge on items under $10 and never charge twice on the same item when a merchant re-presents it.

Can a fee be refunded?

Often, yes. Bring the account positive by the next business day and the overdraft charge is refunded automatically. Beyond that, branch staff can refund most service charges directly, particularly for a first occurrence.

How much notice do you give before a fee changes?

Thirty days in writing for any new or increased fee, by mail or eStatement notice depending on your delivery preference. Fee changes are also posted here and in the disclosures section before they take effect.

Are business account fees the same?

Mostly, though business checking adds a per-item charge above 250 monthly transactions and merchant services are priced separately. The business banking pages carry the full schedule for those products.

Why does a credit union charge fees at all?

Because some services carry a real cost to provide, such as courier delivery or wire processing. As a member-owned cooperative we price those at or near cost rather than as a profit center, which is why so much of this page reads $0.

Where is the official version of this schedule?

The governing document is the Truth in Savings disclosure you received when you opened your account. It is also available in the disclosures section or from any branch on request, and it controls if anything here differs.

A checking account with nothing to dodge

No monthly fee, no minimum balance, no direct deposit requirement.

Free Checking →

Become a member →

Disclosures →