Schedule of Fees
M&F Bank
2024 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, by 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) |
| 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 January 1, 2024
Schedule of Fees
M&F Bank
2024 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) |
| 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 January 1, 2024