Personal Banking Fees

Doing what is in the best interest of our customers is WVFS&L’s highest priority. Simply put, we want to help you keep more of your money and so we will do our part by keeping fees to a minimum.

Fees we do have to charge include:

NSF & Uncollected Funds Fees

NSF fees or Non-Sufficient Funds fees occur when you have insufficient funds to cover checks you have written or automatic payment transfers you have made. We charge a fee of $35 for these types of errors.

Uncollected Funds fees occur when checks you have deposited into your account have not had time to clear and as a result, you do not have the funds available in your account to cover checks you have written or automatic payment transfers you have made. We charge a fee of $15 for these types of errors.

 

Advice from your bank – Tips to help you avoid NSF & Uncollected Funds Fees.
  • Try to keep a cushion in your account to cover any accidental errors.
  • Remember to immediately deduct all ATM, Bill-Pay withdrawals as well as debit card purchases and checks.
  • Remember to factor in clearing time when you deposit checks, or better yet, arrange for Direct Deposit to avoid check clearing delays.
  • You may also want to consider linking your accounts using our automatic Overdraft Transfer Service. Sign up and we will automatically transfer the amount needed from your linked savings account to cover a check, debit or automatic transfer. There is a $ 7.00 fee for each time you use this service, but your checks or debits will be paid and you will also avoid the costs and embarrassment of an NSF situation.

ATM Fees
There is no charge to use your ATM or Debit Card at any of our branch locations. When you use an ATM at another location, you will be charged a fee from that bank as well as $1 from us to cover administrative costs.

Advice from your bank – Tips to help you avoid ATM Fees.
  • If possible, use ATM machines at any of our locations for your after-hours cash needs.
  • When you maintain a combined balance of $25,000 during the entire month in your non-retirement deposit accounts held here at Wallkill Valley Federal Savings & Loan, we also waive our portion of the ATM fees.

Minimum Balance Fees
Our minimum balance requirements very low but in the event they do fall below the required amount, certain fees apply.

Advice from your bank – Tips to help you avoid Minimum Balance Fees.
  • Keep a close eye on your account balance. Take advantage of telephone or internet banking to track your balance and do what you can to stay above your account’s minimum.
  • When you maintain a combined balance of $25,000 during the entire month in your non-retirement deposit accounts held here at Wallkill Valley Federal Savings & Loan, we also waive minimum balance fees.