Our checking account is FREE CHECKING. There is no periodic or per item fee and there is no minimum balance required. Your only expense is the cost of your check printing unless you would overdraw or need a special service, such as a stop payment etc. You have 10 designs to pick from, 150 duplicate checks at $13.00. Dividends are declared and paid quarterly.
This allows Teamsters CU to pay a check even if it causes your account to become overdrawn. This provides an extra layer of safety in case this happens to your account. Courtesy Pay protects you from embarrassment of a returned check or other fees.
Courtesy Pay allows Teamsters Credit Union to pay overdrafts up to your $300.00 Courtesy Pay limit. We would pay checks and other transactions made using your checking account number. You must have Direct Deposit or payroll deduction to qualify.
If we pay the transaction with Courtesy Pay you will be charged $30.00 per transaction. If we do not pay the transaction with Courtesy Pay and return the item you will be charged $30.00 per transaction plus you may be subject to penalties or other fees from the merchant.
Overdraft Line of Credit
We offer a convenient way to protect yourself against non-sufficient funds (NSF) charges on your checking account. Funds are automatically transferred to your checking account to cover your withdrawal and you only make payments when you have drawn on your loan. There are NO TRANSFER FEES-NO PER TRANSACTION FEE-OVERDRAFT PROTECTION UP TO $1000.00, eliminates the embarrassment of a “bounced check”.
If you never use it, it doesn’t cost you anything. If you use it, the finance charge is minimal compared to the expense and hassle dealing with a returned check.