Personal Banking Fees

See how little it costs to do business with us.

Experience the freedom of more financial flexibility and lower fees.

Keep more of your money

As a not-for-profit credit union, Michigan First isn't looking to make a profit. Instead, we pour extra revenue back into our daily operations, to the financial benefit of our members. One way we look out for you is by setting lower fees for a wide range of services:

ATM/Debit Cards

ATM/Debit Cards	Costs	MoneyPerks Points
Card Replacement (lost/stolen)	$12	3,000
Foreign Transaction	1% of each transaction in U.S. dollars	N/A
NSF (returned payment)	$31	4,000
MoneyNow® Debit Card Transaction	$19	2,500
PIN Reorder	$2	500
Reactivation	$25	N/A
Sales Draft Copy	$5	N/A

ATM Transaction Fees

ATM Transaction Fees	Cost	MoneyPerks Points
All Michigan First/CO-OP ATMs	Free	N/A
All Other ATM Networks	$2.50	700
MoneyNow® ATM (up to each $500 increment)	$29	3,800
Overdraft Transfer from Savings	1 free per month / $4 each additional	900
Surcharge for Non-CO-OP Network Transactions at Michigan First Machines	$5	N/A
Non-sufficient funds (overdraft or loan payment)	$31	4,000

Certificate Services

Certificate Services	Cost	MoneyPerks Points
CD Early Withdrawal	90 days interest through 1 year CD, Over 1 year – 180 days interest	N/A

Credit Card

Credit Card	Cost	MoneyPerks Points
Card Replacement (lost/stolen)	$12	3,000
Cash Advance	3% of advance, minimum $10	N/A
Cash Advance (another financial institution card)	$5	1,000
Credit Card Late Payment	$25	N/A
Foreign Transaction	1% of each transaction in U.S. dollars	N/A
NSF (returned payment)	$25 first occurrence, then $31¹	4,000
Reactivation	$25	N/A
Sales Draft Copy	$5	1,000
Secured Credit Card Annual Fee	$50	N/A

Checking Accounts

Checking Accounts	Cost	MoneyPerks Points
Third Party NSF (returned items, innocent deposit)	Free	N/A
Account Reconciliation	$25/hr.	N/A
Check Copy	$5	1,000
Check Printing and Reorders	Varies	N/A
Classic Checking	$20/month	N/A
Non-Sufficient Funds	$31	4,000
Any MoneyNow® Transaction Negotiated Through Teller (up to each $500 increment)	$29	3,800
MoneyNow® Checks Not Negotiated Through Teller	$19	2,500
MoneyNow® Zelle® Transaction (up to each $500 increment)	$29	3,800
Overdraft Transfer from Savings	1 free/month, $4 each additional	800
Stop Payment	$31	4,000

Loan Programs

Loan Programs	Cost	MoneyPerks Points
Delinquent Loan/Late Fee	20% of delinquent interest (10 day grace period)	N/A
Extension Agreement	$40	5,000
NSF Loan Payment	$31	4,000
Skip-A-Pay for Eligible Loans	$40 most loans $60 home equities	5,000 most loans 7,000 home equities

General Services

General Services	Cost	MoneyPerks Points
Account History (from staff, no page limit)	$5	1,000
Account/Loan Number Change, Member Request	$50	6,000
Account Research – Members	$25/hour	N/A
Account Research – Outside Agencies	$50/hour	N/A
Levies and Garnishments	$100	N/A
Money Orders	$3	800
Non-Member Check Cashing	$10	N/A
Official Check	$3	800
Official Check Copy	$5	1,000
Official Check – Stop Payment	$31	4,000
Other Foreign Checks – Collection Items	$10 + bank charges	N/A
Phone Transfer Within Own Account Via Call Center	$1	250
Safe Deposit Box 3 x 5	$40/yr.	5,000
Safe Deposit Box 3 x 10	$55/yr.	7,000
Safe Deposit Box 5 x 10	$90/yr.	12,000
Safe Deposit Box 10 x 10	$120/yr.	17,000
Safe Deposit Box Drilling	$200	N/A
Safe Deposit Box Lost Key	$20	N/A
Service Centers/Shared Branch	$4 teller cash withdrawal	N/A
Statement Copy (no page limit)	$5	1,200
Traveler’s Checks (one signature)	$1/100	N/A
Traveler’s Checks (two signatures)	$1.50/100	N/A
Unclaimed Property Fee	$50	N/A
Undeliverable Mail/Returned	$5	1,000
Verification of Deposits	$10	N/A

ACH Electronic Funds

ACH Electronic Funds	Cost	MoneyPerks Points
Account to Account Transfer (incoming)	Free	N/A
Account to Account Transfer (outgoing)	$2	N/A
Manual Posting of an ACH Item	$20/item after appropriate notice	N/A
Return ACH	$31	4,000
MoneyNow® ACH Transactions	$19	2,500
Stop Payment	$31	4,000
Wire Transfers (incoming)	Free	N/A
Wire Transfers (outgoing domestic)	$25	N/A
Wire Transfers (outgoing international)	$50	N/A

Savings Programs

Savings Programs	Cost	MoneyPerks Points
Account Reopening Within One Year of Closing	$25	N/A
Minimum Balance Fee* (after 3 months)	$3/month	N/A

Resources at your fingertips

*Fee applies if aggregate balance falls below $100 in any month after three months. Fee waived for minors and First Gear accounts.

¹First occurrence of a returned payment will incur a $25 NSF fee. The fee amount increases to $31 for each additional NSF (returned payment) incurred over the following six billing periods.