Fees
We charge less so that you end up with more.
Keeping our fees to the bare minimum
At Purdue Federal, our goal is to put more money in your pocket. That's why we offer everything from digital banking to ATM access to fund transfers at no cost. Fees? Yes, we have some of those to cover our operating costs. But we strive to keep them as low as possible, and we offer the list below so there are never any surprises.
Member Fees
All Purdue Federal Checking Accounts are free with no monthly service or maintenance fees.
Check or ACH Fees
| Fee Type | Fee |
|---|---|
| Stop Payment (check or ACH via branch/contact center) |
$35 |
| Stop Payment (check via Digital Banking) |
$20 |
| Cashier's Check | 1 FREE/day |
| Cashier's Check Replacement | $35/check |
| Temporary Check (from Purdue Federal Staff) |
$1/sheet |
| Cashier's Check Copy | $3/check |
| Check Copy | $5/check |
| Returned Deposit Item | $10 |
| Returned Deposit Item - Self |
$25 |
| Foreign Item Processing | $25 |
Non-Sufficient Funds (NSF) Related Fees
| Fee Type | Fee |
|---|---|
| Paid NSF* (check or ACH) |
$20 |
| Consecutive Days Overdraft (OD) (automatically assessed after 10 business days overdrawn) |
$5/day |
*For items greater than $20. Maximum 3 Paid NSF fees per business day. Account must be eligible and enrolled in our Courtesy Pay program. Please see Guide to Member Services for terms and conditions.
Inactivity or Closure Fees
| Fee Type | Fee |
|---|---|
| Account Closing Penalty (if in first 90 days) |
$50 |
| Membership Closing Penalty (within first 9 months) |
$5 |
| Inactive Membership Fee (if all accounts inactive for 36 months) |
$5 |
| Inactive Account – Checking (if balance <$100 for 12 months) |
$5/mo |
| Inactive Account – Savings, Money Market, HSA Checking or Savings (if balance <$100 for 18 months) |
$5/mo |
Credit and Debit Card Fees
| Fee Type | Fee |
|---|---|
| Reissue Card (fraud, expiration or Purdue Federal request) |
FREE |
| Replacement Card | $5/card |
| Replacement PIN | $1.50 |
| Late/Returned Payment Fee | Up to $25 |
International Service Assessment (ISA) Fees
| Fee Type | Fee |
|---|---|
| International Fee US or Non-US Funds* POS and ATM transactions made while in a foreign country, online or in the US with merchants that process the transaction in foreign countries |
Up to 1% of each transaction |
| Visa Signature® Credit Card | NONE |
*Please see Visa® Traditional Rewards and Signature Credit Cardholder Agreement Foreign Transactions section or Your Guide to Member Services Foreign Transaction section for additional details.
Digital Banking Services
| Fee Type | Fee |
|---|---|
| Digital Banking(via browser or app) | FREE |
| Bill Pay (desktop and mobile app) | FREE |
| Documents (paperless statements, notices, etc.) | FREE |
| Print Check to Branch | FREE |
| Bank by Phone | FREE |
| External Transfers (incoming/outgoing) | FREE |
Other Services
| Fee Type | Fee |
|---|---|
| Debit Card with Checking | FREE |
| Credit Card Rewards Program | FREE |
| Annual IRA Administration | FREE |
| Signature Guarantee | FREE |
| Annual HSA Administration | FREE |
| Shared Branch Transactions | FREE |
| Foreign (Non-Purdue Federal) ATM Fees (surcharges may be assessed by ATM owner) |
FREE |
| CO-OP or Alliance One ATM Transactions | FREE |
Miscellaneous Fees
| Fee Type | Fee |
|---|---|
| Account Balancing Service (1 hr. min.) | $30/hr. |
| Account Research (1 hr. min.) | $30/hr. |
| Transaction History | $3 |
| Statement Copy | $5/month |
| International Statement Mailing Fee | $10/ statement |
| Verification of Deposit Letter | $25 |
| Levy Processing | $50 |
| Garnishment/Attachment Processing | $20 |
| Notary (3 free/day) | $1 each |
| Excessive Coin Fee (1,000+ coins) | 10% |
Wire and Foreign Currency Fees
| Fee Type | Fee |
|---|---|
| Incoming Wire | $15 |
| Outgoing Domestic Wire | $25 |
| Outgoing International Wire | $45 |
| Foreign Currency Transaction | $5 |
| Foreign Currency Shipping | $15 |
| Foreign Currency Exchange (Coins will not be accepted) |
$10 |
2 View all disclosures of our My Member Perks program here.
Business Member Fees
| Fee Type | Small Business Checking | Commercial Checking | Nonprofit Checking |
|---|---|---|---|
| Minimum Opening Balance | $25 | $100 | $100 |
| Monthly Maintenance Fee | $5 waived with paperless statements |
$5 waived with paperless statements |
$5 waived with paperless statements |
| Transaction Fees | 100 non-electronic items/month (i.e. deposit slip, checks deposited, etc.) $0.15 each additional |
Fees and balances will be handled through Account Analysis* | Fees and balances will be handled through Account Analysis* |
| Account Transfers | FREE | FREE | FREE |
| Cash Processing | FREE | FREE | FREE |
*Waived if average daily balance of preceding month was $500 for Commercial, $5,000 for Dividend, and $25,000 for Gold Checking.
Checking, Savings, Money Market Account Fees
| Fee Type | Fee |
|---|---|
| Stop Payment (check or ACH via branch/contact center) |
$35 |
| Stop Payment (check via digital banking) |
$20 |
| Cashier's Check Replacement | $35 |
| Temporary Check (from Purdue Federal branch) |
$1/sheet |
| Cashier's Check Copy | $3/check |
| Check Copy | $5/check |
| Returned Deposit Item | $10 |
| Returned Deposit Item – Self (endorsed from Purdue Federal member) |
$25 |
| Foreign Item Processing | $25 |
| Monthly Statement Fee – Savings (waived if enrolled in paperless statements) |
$5 |
Inactivity or Closure Fees
| Fee Type | Fee |
|---|---|
| Account Closing Penalty (if in first 90 days) |
$50 |
| Membership Closing Penalty (within first 9 months) |
$5 |
| Inactive Membership Fee (if all accounts inactive for 36 months) |
$5 |
| Inactive Account – Savings and Money Market (if balance <$100 for 18 months) |
$5/mo |
Non-Sufficient Funds (NSF) Related Fees
| Fee Type | Fee |
|---|---|
| Paid NSF* (check or ACH) |
$20 |
| Consecutive Days Overdraft (OD) (automatically assessed after 10 business days overdrawn) |
$5/day |
| Overdraft Transfer Fee | $10/day |
*For items greater than $20. Maximum 3 Paid NSF fees per business day. Please see Your Guide to Business Services for terms and conditions.
Credit and Debit Card Fees
| Fee Type | Fee |
|---|---|
| Reissue Card (due to fraud, expiration or requested by Purdue Federal) |
FREE |
| Replacement Card | $5/card |
| Replacement PIN (Debit Card) |
$1.50 |
| Late Payment | up to $25 |
| Returned Payment | up to $25 |
International Service Assessment (ISA) Fees
| Fee Type | Fee |
|---|---|
| International Fee US or Non-US Funds* POS and ATM transactions made while in a foreign country, online or in the US with merchants that process the transaction in foreign countries |
Up to 1% of each transaction |
| Replacement Card | $5/card |
| Reissue Card (fraud, expiration or Purdue Federal request) |
FREE |
| Foreign Transaction All transactions in U.S. dollars |
Up to 1% of each transaction |
| Late/Returned Payment Fee | Up to $25 |
*Please see Visa® Business Cardholder Agreement Foreign Transactions section or Your Guide to Member Business Services Foreign Transaction section for additional details.
Nationwide Access
| Fee Type | Fee |
|---|---|
| Foreign (Non-Purdue Federal) ATM Fees (surcharges may be assessed by ATM owner) |
FREE |
| CO-OP or Alliance One ATM Transactions | FREE |
| Fee Type | Fee |
|---|---|
| Incoming Wire | $15 |
| Outgoing Domestic Wire | $25 |
| Outgoing International Wire | $45 |
| Foreign Currency Transaction | $5 |
| Foreign Currency Shipping | $15 |
| Foreign Currency Exchange (Coins will not be accepted.) |
$10 |
*Coins will not be accepted
| Fee Type | Fee |
|---|---|
| Digital Banking(via browser or app) | FREE |
| Documents (paperless statements, notices, etc.) | FREE |
| Print Check to Branch | FREE |
| Bank by Phone | FREE |
| Signature Guarantee | FREE |
| External Transfers (incoming/outgoing) | FREE |
| Cashier's Check | 1 FREE/day |
Miscellaneous Fees
| Fee Type | Fee |
|---|---|
| Account Balancing (1 hour minimum) | $30/hour |
| Account Research (1 hour minimum) | $30/hour |
| Transaction History | $3 |
| Statement Copy | $5/month |
| International Statement Mailing Fee | $10/statement |
| Verification of Deposit Letter | $25 |
| Levy Processing | $50 |
| Garnishment Processing | $20 |
| Attachment Processing | $20 |
| Notary (3 free per day) | $1 ea. |
| Excessive Coin Fee (1,000+ coins) |
10% |
| Process Type | Time (in Eastern Time Zone) |
|---|---|
| ACH Deposits | Opening of business or 9 a.m. |
| Remote Deposit Capture | 2 p.m. |
| Mailed-in Deposits | 5 p.m. |
| Wire Transfers | 4 p.m. |
| After-Hours (night drop box) Deposits made at a Purdue Federal 24-Hour Depository Box after 10 a.m. will be considered deposited the next business day we are open. |
10 a.m. |
| Drafts/Checks Deposited at Branch (on business days credit union is open) |
Lafayette & West Lafayette (Eastern Time):Lobby Hours Drive-Up Crown Point & La Porte (Central Time):Lobby Hours Drive-Up |
Helpful Resources
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
9 See Guide to Member Business Services and Business Rate Sheet and Business Fee Schedule for full disclosures.