Details of the Share Draft Checking Account

The cancelled drafts are not returned to the member.  We recommend that the member order duplicate drafts for this reason.  The member will receive a free pack of 12 starter drafts on the date the share draft checking account is opened.  The member should receive his or her regular draft order within 7-10 days after the order is placed.  The charge for this draft order will be taken directly out of the share draft checking account by our check processor, Liberty Check Printers.  The charge is noted on the top sheet of your draft order receipt.  

It is very important that the member realize that the share draft checking account is separate from his/her regular share account.

Excessive overdrafts may result in the share draft account being closed.

Debit Card

The Debit Card is for Share Draft Accounts only.  All Debit Card applications are subject to credit approval.  A Debit card may be revoked at any time by the credit union.  We offer the first 6  PIN based transactions free a month.  After the first 6 PIN based transactions, there is a $1.00 fee for each withdrawal.  There is a $1.00 fee for all denials.  A $5.00 fee will be assessed each time a debit card needs to be reactivated.  Deposits are not allowed.  Fees charged by the ATM owner are not included in our fees.  The fee ranges from $1.00 up to $2.00.  We suggest trying to locate an ATM that does not charge a fee.

The following fees may or may not be assessed to your account:

  • $25.00 for insufficient funds Draft/ATM/DC Returned or Paid
  • $10.00 for any deposited or cashed item returned
  • $2.00 for each automatic transfer
  • $3.00 for a transaction printout
  • $3.00 for a copy of a statement
  • $25.00 for a stop payment/Authorization Revoked
  • $2.00 for a copy of a cancelled check, charge is per each check
  • $10.00 for account balancing per half hour
  • $3.00 for counter drafts (4)
  • $10.00 for domestic wire in
  • $20.00 for domestic wire out
  • $45.00 for foreign wire out
  • $20.00 for foreign wire in
  • $5.00  for preauthorized draft error (1st occurrence)
  • $10.00 for preauthorized draft error (2nd occurrence)
  • $15.00 for preauthorized draft error (3rd occurrence) all others returned 
  • $5.00 daily overdraft charge 
  • $2.00 Bad Address Fee (assessed upon receipt of returned mailed and each month thereafter)
  • $50.00 Garnishment/Levy/Subpoena/Summons/Warrant/Citation to Discover Assets or Court Order
  • $4.00 Imaged Drafts, Personal Accounts
  • $6.00 Imaged Drafts, Business Accounts
  • $20.00 for any loan payment made more than 10 days late
  • $5.00 Excessive Withdrawals
  • $4.00 Cashier's Checks
  • $0.50 Money Orders
  • $5.00 Replacement Debit Card
  • $5.00 Reactivate Debit Card
  • $5.00 Early Club Account Withdrawal
  • Fax In-First 5 pages=.25¢ each/each page thereafter .10¢ each
  • Fax Out-First Page $1.00/each additional page .50¢ each
  • $15.00 Account Closed within 60 days of opening
  • $15.00 Account Reopened within 12 months
  • $5.00 Check Cashing Fee (imposed on inactive accounts and members cashing checks for nonmembers)
  • $15.00 Monthly Inactive Checking Fee (imposed on accounts inactive 12 months or more with a balance of $100 or less, fee is waived if member has an active club account, or a premium account or member is termed "Youth Account)
  • $15.00 Monthly Inactive Savings Fee (imposed on accounts inactive 12 months or more with a balance of $100 or less, fee is waived if member has an active club account, or a premium account or member is termed "Youth Account")
Fees Effective 08/27/2008

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Copyright © 2007 Kaskaskia Valley Credit Union Last modifiedJuly 18, 2008      WARNING!  KASKASKIA VALLEY COMMUNITY CREDIT UNION DOES NOT SOLICIT PERSONAL/PRIVATE INFORMATION VIA E-MAIL.  IF YOU THINK YOU HAVE BEEN CONTACTED BY FRAUDULENT MEANS, PLEASE CONTACT US at 618-533-6681