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.
Student, Sensible & Merit Checking
| Fee Type | Fee |
|---|---|
| Closing Penalty(if in first 90 days) | $50 |
| Negative Balance Fee (automatically assessed after 5 business days) |
$5/day |
| Stop Payment (check or ACH via branch/contact center) |
$35 |
| Stop Payment (check) via Digital Banking | $20 |
| Temporary Check from Purdue Federal Staff | $1/sheet |
| Inactive Checking Account If balance <$100 for 1 year | $5/month |
Non-Sufficient Funds (NSF) Related Fees
| Fee Type | Fee |
|---|---|
| NSF | $35 |
| Courtesy Pay/Paid NSF (check or ACH) | $35 |
| Overdraft Transfer Fee | $10/day |
*Please see Guide to Member Services for terms and conditions.
Health Savings Account (HSA) Checking
| Fee Type | Fee |
|---|---|
| Closing Penalty (if in first 90 days) | $50 |
| Negative Balance Fee (automatically assessed after 5 business days) |
$5/day |
| Stop Payment (check or ACH via branch/contact center) |
$35 |
| Stop Payment (check) via Digital Banking | $20 |
| Temporary Check from Purdue Federal Staff | $1/sheet |
| Inactive HSA Membership If aggregate checking and savings balance <$100 for 18 months |
$5/month/suffix |
Savings
| Fee Type | Fee |
|---|---|
| Penalty for Below Min. Balance | $4.99 |
| Member Closing Penalty (if in first 9 mos.) | $5 |
| Inactive Savings Account If balance <$100 for 3 years |
$5/month |
| Stop Payment (ACH) | $35 |
| Negative Balance Fee (automatically assessed after 5 business days) |
$5/day |
Money Market Account
| Fee Type | Fee |
|---|---|
| Negative Balance Fee (automatically assessed after 5 business days) |
$5/day |
| Stop Payment (check or ACH) | $35 |
| Stop Payment (check) via Digital Banking | $20 |
| Temporary Check from Purdue Federal Staff | $1/sheet |
| Inactive Money Market Account If balance <$100 for 1 year |
$5/month |
Credit Card
| Fee Type | Fee |
|---|---|
| Reissue Card (fraud, expiration or Purdue Federal request) |
FREE |
| Replacement Card | $5/card |
| Replacement PIN | $1.50 |
| Foreign Transaction: Visa Signature | NONE |
| Foreign Transaction: Visa Traditional Rewards All transactions in U.S. dollars |
Up to 1% of each transaction |
| Late/Returned Payment Fee | Up to $25 |
Debit Card
| Fee Type | Fee |
|---|---|
| Reissue Card (fraud, expiration or Purdue Federal request) |
FREE |
| Replacement Card | $5/card |
| Replacement PIN | $1.50 |
| Foreign Transaction All transactions in U.S. dollars |
Up to 1% of each transaction |
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 |
Account 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 |
| Check Copy | $5/check |
| International Statement Mailing Fee | $10/ statement |
| Verification of Deposit Letter | $25 |
| Cashier’s Check Copy | $3 |
| Returned Deposit Item | $10 |
| Returned Deposit Item (endorsed from Purdue Federal member) |
$25 |
| Levy Processing | $50 |
| Garnishment/Attachment Processing | $20 |
| Replacement for Lost or Stolen Purdue Federal Cashier’s Check | $35 |
Miscellaneous Fees
| Fee Type | Fee |
|---|---|
| Cashier’s Check 1 free per day. Free online. | $5 ea./ after |
| Notary 3 free per day |
$1 ea./ after |
| Wire Incoming, Domestic | $15 |
| Wire Outgoing, Domestic | $25 |
| Wire Incoming, International | $15 |
| Wire Outgoing, International | $45 |
| Foreign Currency Transaction | $5 |
| Foreign Currency Shipping - Order/Buy | $15 |
| Foreign Currency Shipping - Selling/Exchange (Coins will not be accepted.) |
$10 |
| Foreign Check Processing Fee | $25 |
2 View all disclosures of our My Member Perks program here.
Business Member Fees
| Fee Type | Business Checking | Commercial Checking | Dividend Checking | Gold Checking | Non Profit Checking |
|---|---|---|---|---|---|
| Minimum Balance Fee | None | $10* | $10* | $10* | None |
| Activity Fees (Checks Cleared) |
50 Free/mo. $0.15 ea./after |
150 Free/mo. $0.15 ea./after |
300 Free/mo. $0.15 ea./after |
500 Free/mo. $0.15 ea./after |
500 Free/mo. $0.15 ea./after |
| Service Fees (Checks Deposited) |
50 Free/mo. $0.15 ea./after |
150 Free/mo. $0.15 ea./after |
300 Free/mo. $0.15 ea./after |
500 Free/mo. $0.15 ea./after |
500 Free/mo. $0.15 ea./after |
*Waived if average daily balance of preceding month was $500 for Commercial, $5,000 for Dividend, and $25,000 for Gold Checking.
Checking
| Fee Type | Fee |
|---|---|
| Closing Penalty (if in first 90 days) |
$50 |
| Temporary Checks (from Purdue Federal branch) |
$1/sheet |
| Inactive Checking Account (if balance <$100 for 1 year) |
$5/mo. |
| Negative Balance Fee (after 5 days) |
$5/day |
Stop Payment Fees
| Fee Type | Fee |
|---|---|
| Stop Payment (check or ACH via branch/contact center) |
$35 |
| Stop Payment (check via digital banking) |
$20 |
| Replacement for lost or stolen Purdue Federal cashier’s check | $35 |
Non-Sufficient Funds (NSF) Related Fees
| Fee Type | Fee |
|---|---|
| NSF | $35 |
| Courtesy Pay/Paid NSF (check or ACH) |
$35 |
| Overdraft Transfer Fee | $10/day |
*Please see Your Guide to Business Services for terms and conditions.
Business Savings
| Fee Type | Fee |
|---|---|
| Minimum Balance to Open | $5 |
| Minimum Balance Requirement (membership share) |
$5 |
| Closing Penalty (if in first 90 days) |
$5 |
| Penalty for Below Minimum Balance | $4.99 |
| Minimum Balance for Dividend Accrual | $5.01 |
| Inactive Savings Account (if balance <$100 for 3 years) |
$5/mo. |
| Paper Statements | $5/mo. |
| Negative Balance Fee (after 5 days) |
$5/day |
Business Share Certificate
| Fee Type | Fee |
|---|---|
| Minimum Balance to Open | Varies |
| Early Withdrawal Fee | Varies |
Business Money Market
| Fee Type | Fee |
|---|---|
| Minimum Balance to Open | $2,500 |
Visa® Business Debit Card
| Fee Type | Fee |
|---|---|
| Replacement Card | $5/card |
| Replacement PIN | $1.50 |
| Reissue Card (fraud, expiration or Purdue Federal request) |
FREE |
| Foreign Transaction All transactions in U.S. dollars |
Up to 1% of each transaction |
Visa® Business Credit Card
| Fee Type | Fee |
|---|---|
| Rewards Points* (not valid on bal. transfers or cash advances) |
1.5 rewards points/$1 |
| 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 |
* Rewards points are applied to and redeemable by the Authorized Officer only and do not expire. Other restrictions may apply
| Fee Type | Fee |
|---|---|
| Foreign Currency Transaction | $5 |
| Foreign Currency Shipping - Order/Buy | $15 |
| Foreign Currency Shipping - Sell/Exchange (Coins will not be accepted.) |
$10 |
| Foreign Check Processing Fee | $25 |
*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 |
| External Transfers (incoming/outgoing) | FREE |
Wire Fees
| Fee Type | Fee |
|---|---|
| Incoming, Domestic or International | $15 |
| Outgoing, Domestic | $25 |
| Outgoing, International | $45 |
Member Business Services
| Fee Type | Fee |
|---|---|
| Account Balancing (1 hour minimum) | $30/hour |
| Account Research (1 hour minimum) | $30/hour |
| Deposit Ticket Template | FREE |
| Signature Guarantee | FREE |
| Notary Signature (3 free per day) | $1/ea. |
| Check Copy | $5/check |
| Verification of Deposit Letter | $25 |
| Cashier’s Check Copy | $3 |
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 |
Copies, returned items and legal processing
| Fee Type | Fee |
|---|---|
| Purdue Federal Cashier’s Check (1 free per day) |
$5 |
| Copies: Statement Copy | $5/mo. |
| Returned Items: Returned Deposit Item | $10 |
| Returned Deposit Item (endorsed from Purdue Federal member) |
$25 |
| Legal Processing: Garnishment/Attachment Processing | $20 |
| Legal Processing: Levy Processing | $50 |
| 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. |
| 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.