Feeling Robbed…by your bank? It doesn’t have to be that way!

Bank Fees have a way of adding up, draining your account and leaving you feeling robbed.  Our goal at WVFSL is to help our customers keep more of their hard earned money.  We do our part to help keep our fees to a minimum. 

We also understand the importance of educating our customers on fiscal responsibility and would love to help you hold on to your money and avoid common banking fees.

Here are our tips for avoiding some of the most common fees:

• Non-Sufficient Fund Fees occur when you have insufficient funds to cover checks you have written or automatic payment transfers you have made. 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.
  • To avoid Non-Sufficient Funds & Uncollected Funds Fees we suggest:
    • Keep a cushion in your account to cover accidental errors
    • Factor in clearing time when you make deposits or utilize Direct Deposit
    • Set up mobile banking to stay connected to your account balance
• When you use your ATM cards at ATM locations, you are typically charged a fee from the bank that issues the ATM fee as well as your bank to cover administrative costs.
  • To avoid ATM Fees we suggest:
    • Use No Fee ATMS.  ATMs at each of our branch locations are always free. 
    • Utilize Debit Cards.  They are a quick and easy alternative to cash. 
    • Take advantage of accounts that offer no fee benefits.  Maintaining a certain balance across all accounts allows for no/reduced ATM fees and our Platinum Checking Account holders that are enrolled in e-statements receive 4 free foreign ATM withdrawals per month (up to $10 in credits for ATM fees per month).

• Minimum balance requirements at WVFSL are very low but in the event you do fall below the required amount, certain fees do apply.
  • To avoid Minimum Balance Fees we suggest:
    • Set up mobile banking so you can always be aware of your account balance.
    • Take advantage of accounts that offer no fee benefits such as our free checking accounts.  Maintaining a certain balance across all accounts allows for no/reduced maintenance fees.

Wallkill Valley Federal Savings & Loan really does do our best to provide the kind of banking experience that puts community first!  We provide affordable accounts and high quality services that help you keep more of your money!  If you have questions about our fee structure or need help becoming more fiscally responsible, we urge you to give us a call or stop by and speak to one of our friendly branch managers!

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