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Schedule of Fees | M&F Bank

Schedule of Fees


M&F Bank
2021 Schedule of Fees

 

Account Closing Fee (if closed within 90 days of opening) $25.00
Account Confirmations $25.00
Account Research (non bank error)
   Per hour fee or any part thereof $35.00
   Per check/statement copy $5.00
ATM/Debit Card Replacement $7.50
ATM access – M&F Bank ATMs and Wells Fargo ATMs
  Accessing your account at a M&F Bank or a Wells Fargo ATM No fee
ATM access – Non-M&F Bank ATMs (except Wells Fargo ATMs)
   Balance inquiry fee $2.00 per inquiry
   Transfer fee $2.00 per transfer
   Transaction – U.S. $3.00 each
   Transaction – International $5.00 each
Cashier’s Check – Customer $10.00
Cashier’s Check – Non Customer with an M&F check $15.00
Check Cashing (non customer) $7.50
Check Printing Varies by style
Collection Items $15.00
Counter Checks $2.00
Coins counted (non deposited) – First $50.00 $5.00
Coins counted (non deposited) – Excess of $50.00 10% of excess amount
Coin deposits in excess of $50.00 Greater of $10.00 or 10% of excess amount
Currency Orders $1.00 (per strap)
Coin Order $0.15 (per roll)
Deposit Correction – Per deposit without special handling $5.00
Deposit Correction – Per deposit with special handling $10.00
Dormant Account Fee $10.00 per month on balances below $2,500
Garnishments or Levies $125.00
Excessive Withdrawal (W/D) Fee – Savings $2.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Money Market $5.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Commercial Savings $5.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Commercial Money Market $15.00 per withdrawal in excess of 3 per month
Night Depository
   Per Drop Fee – $7.50
   Small canvas night deposit bag available for purchase $25.00
   Large canvas night deposit bag available for purchase $30.00
Non-Sufficient Funds Fees – Non sufficient funds may be created by check,
in person, withdrawal, ATM or other electronic means
.
 NSF Fee $35.00 (per item)
 Returned Item Fee $35.00 (per item)
 Overdraft Fee $35.00 (per item)
 Paid Item Fee $35.00 (per item)
 Pop Money Transfer Fee No charge
 Notary – Customer No charge
 Returned Deposited Item Fee $12.00
 Returned Items – Redeposits $15.00 (per item)
 Returned Items – Special Instructions $30.00 (per item)
 Safe Deposit Box – Annual Rental Fee *Based on box size – see below
 Returned Item Fee $35.00 (per item)
 Safe Deposit Box – Key Replacement $20.00 + cost
 Safe Deposit Box – Drilling $25.00 + cost
 Safe Deposit Box – Late Charge $10.00
 Special/Interim/Duplicate Statements $7.00
 IRA Transfer Fee – $50.00
 Statement Reconciliation (per hour or any part thereof) $35.00
Stop Payment – all items (for a period of 6 months)
  With check number and amount $30.00
  Without check number $35.00
  Wire Transfer (incoming or outgoing) – Domestic $30.00
  Wire Transfer (incoming or outgoing) – International $65.00
  Wire Transfer Recall or Amendment $25.00
Commercial Account Fees:
CD ROM Image Product
   One time software Product $150.00
   Monthly product charge $30.00
   CD disk (per disk/one account) $15.00
   Additional accounts $10.00
Imaged items (front and back) $0.06
   Commercial Economy Checking $15.00
   Commercial Checking $25.00
   Commercial NOW Checking $25.00
Remote Deposit Capture
   Monthly Service $50.00
   Deposit Capture Machine $325.00
Positive Pay Monthly Service
   Processing – Includes account reconciliation,
transmission issue files (up to 20 files), data transmission export files
$350.00
   Data transmission (in excess of 20 files) $10.00
Commercial Analysis Fee Schedule: Commercial Analysis Fee Schedule:
Per Item Charges
   > per deposit $0.40
   > per deposit item $0.15 on-us/local/transit
   > Checks/POS $.17
   > Cash Verified $2.50 per $1,000
   > Earnings credit rate Average 91 day T-Bill
   > ACH Debit $.17
   > ACH Credit $.12
FDIC Assessment $.04 (per $100)
Required regal reserve 10%
ACH files
   **Fee per ACH file $15.00
   Fee per credit item in file .17
   Fee per debit item in file .10


*SAFE DEPOSIT BOX Annual Fee:
3×5 – $35 annually
5×5 – $50 annually
3×10 – $55 annually
5×10 – $70 annually
10×10 – $150 annually

**As of April 30, 2021

Schedule of Fees


M&F Bank
2021 Schedule of Fees

 

Account Closing Fee (if closed within 90 days of opening) $25.00
Account Confirmations $25.00
Account Research (non bank error)
   Per hour fee or any part thereof $35.00
   Per check/statement copy $5.00
ATM/Debit Card Replacement $7.50
ATM access – M&F Bank ATMs and Wells Fargo ATMs
  Accessing your account at a M&F Bank or a Wells Fargo ATM No fee
ATM access – Non-M&F Bank ATMs (except Wells Fargo ATMs)
   Balance inquiry fee $2.00 per inquiry
   Transfer fee $2.00 per transfer
   Transaction – U.S. $3.00 each
   Transaction – International $5.00 each
Cashier’s Check – Customer $10.00
Cashier’s Check – Non Customer with an M&F check $15.00
Check Cashing (non customer) $7.50
Check Printing Varies by style
Collection Items $15.00
Counter Checks $2.00
Coins counted (non deposited) – First $50.00 $5.00
Coins counted (non deposited) – Excess of $50.00 10% of excess amount
Coin deposits in excess of $50.00 Greater of $10.00 or 10% of excess amount
Currency Orders $1.00 (per strap)
Coin Order $0.15 (per roll)
Deposit Correction – Per deposit without special handling $5.00
Deposit Correction – Per deposit with special handling $10.00
Dormant Account Fee $10.00 per month on balances below $2,500
Garnishments or Levies $125.00
Excessive Withdrawal (W/D) Fee – Savings $2.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Money Market $5.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Commercial Savings $5.00 per withdrawal in excess of 3 per month
Excessive Withdrawal (W/D) Fee – Commercial Money Market $15.00 per withdrawal in excess of 3 per month
Night Depository
   Per Drop Fee – $7.50
   Small canvas night deposit bag available for purchase $25.00
   Large canvas night deposit bag available for purchase $30.00
Non-Sufficient Funds Fees – Non sufficient funds may be created by check,
in person, withdrawal, ATM or other electronic means
.
 NSF Fee $35.00 (per item)
 Returned Item Fee $35.00 (per item)
 Overdraft Fee $35.00 (per item)
 Paid Item Fee $35.00 (per item)
 Pop Money Transfer Fee No charge
 Notary – Customer No charge
 Returned Deposited Item Fee $12.00
 Returned Items – Redeposits $15.00 (per item)
 Returned Items – Special Instructions $30.00 (per item)
 Safe Deposit Box – Annual Rental Fee *Based on box size – see below
 Returned Item Fee $35.00 (per item)
 Safe Deposit Box – Key Replacement $20.00 + cost
 Safe Deposit Box – Drilling $25.00 + cost
 Safe Deposit Box – Late Charge $10.00
 Special/Interim/Duplicate Statements $7.00
 IRA Transfer Fee – $50.00
 Statement Reconciliation (per hour or any part thereof) $35.00
Stop Payment – all items (for a period of 6 months)
  With check number and amount $30.00
  Without check number $35.00
  Wire Transfer (incoming or outgoing) – Domestic $30.00
  Wire Transfer (incoming or outgoing) – International $65.00
  Wire Transfer Recall or Amendment $25.00
Commercial Account Fees:
CD ROM Image Product
   One time software Product $150.00
   Monthly product charge $30.00
   CD disk (per disk/one account) $15.00
   Additional accounts $10.00
Imaged items (front and back) $0.06
   Commercial Economy Checking $15.00
   Commercial Checking $25.00
   Commercial NOW Checking $25.00
Remote Deposit Capture
   Monthly Service $50.00
   Deposit Capture Machine $325.00
Positive Pay Monthly Service
   Processing – Includes account reconciliation,
transmission issue files (up to 20 files), data transmission export files
$350.00
   Data transmission (in excess of 20 files) $10.00
Commercial Analysis Fee Schedule: Commercial Analysis Fee Schedule:
Per Item Charges
   > per deposit $0.40
   > per deposit item $0.15 on-us/local/transit
   > Checks/POS $.17
   > Cash Verified $2.50 per $1,000
   > Earnings credit rate Average 91 day T-Bill
   > ACH Debit $.17
   > ACH Credit $.12
FDIC Assessment $.04 (per $100)
Required regal reserve 10%
ACH files
   **Fee per ACH file $15.00
   Fee per credit item in file .17
   Fee per debit item in file .10


*SAFE DEPOSIT BOX Annual Fee:
3×5 – $35 annually
5×5 – $50 annually
3×10 – $55 annually
5×10 – $70 annually
10×10 – $150 annually

**As of April 30, 2021