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 help you have more financial flexibility and success. Here's a list of what you can expect to pay when you do business with us:
All fees are effective as of March 30, 2020.
| Fee | Cost |
|---|---|
| Account Reconciliation | $25/hr. |
| Account Opening Within One Year of Closing | $25 |
| Account Research (outside agencies) | $50/hr. |
| Canadian Check Deposit | $10 + bank charges |
| Cash Advance Debit/Credit | 3% of advance, minimum $10 |
| Cash Advance Debit/Credit (card from another financial institution) | $5 |
| Cash/Coin Withdrawal | Free |
| CD Early Withdrawal Penalty | 90 days interest for up to one year 189 days interest for over one year |
| Check Copy | $5 |
| Check Images Online | Free |
| Check Printing or Reorders | Varies |
| Coin Deposits (self-serve) | Free |
| Debit Card Reactivation | $25 |
| Deposit Correction | $5 |
| Dormant Account | $3/month |
| Electronic Document Delivery | Free |
| E-Statements | Free |
| Foreign Transaction | 1% of each transaction in U.S. Dollars |
| Levies and Garnishments | $100 |
| Mailed Monthly Statement Charges* | $5 |
| Minimum Balance Fee** | $10/month |
| Night Depository Key Deposit | $10 |
| NSF/Returned ACH Item | $31 |
| Official Check | $3 |
| Official Check Stop Payment | $31 |
| Online Bill Pay | Free |
| Other Foreign Collection Checks/Collection Items | $10 + bank charges |
| Overdraft Transfer from Savings | $3 |
| Phone Transfer Within Own Account Via Call Center | $1 |
| Replacement Debit/Credit Card | $12 |
| Returned Deposit Item | $7 |
| Service Center/Shared Branch | $4/teller cash withdrawal |
| Statement Copy (no page limit) | $5 |
| Stop Payment | $31 |
| Unclaimed Property Fee | $50 |
| Undeliverable Mail/Returned | $5 |
| Verification of Deposits | $10 |
| Wire Transfers (incoming domestic) | Free |
| Wire Transfers (incoming international) | Free |
| Wire Transfers (outgoing domestic) | $20 |
| Wire Transfers (outgoing international) | $20 |
Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.
*Fee waived if account has e-statements.
**Fee applies if aggregate balance falls below $100 in any month.
