Account Fee Schedule June 2019

 
Fees may be charged by the bank at any time after reasonable notice of not less than 30 days. Additional disclosures for your account are necessary to complete the total package. As per Federal regulations, this disclosure applies to consumer accounts.
 
Convenient Checking Account
Unlimited check writing No Fee
   
Horizon 50 Checking Account
Unlimited check writing No Fee
   
Student Advantage Checking Account
Unlimited check writing  No Fee
   
Regular Checking Account
 *Monthly Minimum Balance Fee if daily balance falls below $200 during the statement period  $3.00
No fee will be charged if checking account daily balance does not at any time fall below $200 during the statement period; OR, if minimum daily balance of $1,000 or more is maintained during the statement period in any of these linked STC accounts: Statement Savings; Money Market Savings; Certificate of Deposit; Individual Retirement Account (IRA)
           OR, you receive direct deposit of payroll, social security or other retirement benefit.
 
   
Personal Plus Interest Checking Account, Interest Checking Account, and STC Interest Earning Municipal Checking Account
  *Monthly Minimum Balance Fee may be charged if the following conditions apply:
           If minimum daily balance is below $1,500 during a statement period; OR, if average daily balance is below $2,500 during a statement period.      
 $5.00
No fee will be charged if average daily balance in a Somerset Trust Company Statement Savings Account is over $3,000 during a statement period.  
   
Advantage Interest Savings, Money Market Savings, Money Market Plus, Municipal Money Market Account and Super Money Market Plus Account
 *Monthly Minimum Balance Fee if minimum balance falls below $50.00 during a statement period.  $1.00
   
Statement Savings Account
 *Monthly Minimum Balance Fee if daily balance falls below $5.00 during a statement period.  $1.00
   
Overdraft Protection Savings
 *Monthly Minimum Balance Fee if daily balance falls below $1,000 during a statement period.  $1.00
   
Christmas Club Account 
*Account Closing Fee / Early Withdrawal Fee
           We may impose a penalty if you withdrawal any or all of the principal before the maturity date. The penalty imposed will be the greater of $5.00 or 7 days simple interest on the account withdrawn.
 
   
Other Account Fees
   
Check Order
Fees for checks may vary depending on styles and designs ordered.  
   
ATM Fee
Cash withdrawn at a non-Somerset Trust banking machine. $1.00
   
Copy of Check Image
If more than 5 per month. $1.00
   
Stop Payment Fee, per item
Includes automatic items. $25.00
   
Off-Cycle Statement 
If five or more per month. $5.00
   
Snapshot Statement
   $3.00
   
Unavailable Funds Fee 
Business Accounts (No daily limit) $35.00
Consumer (Personal) Accounts ($210.00 daily limit) $35.00
Per paid item or per returned item  
   
Insufficient Funds (Overdraft), per item
Business Accounts (No daily limit) $35.00
Consumer (Personal) Accounts ($210.00 daily limit) $35.00
Applies to overdrafts created by check, in-person withdrawal, or other electronic means.  
   
Returned Check Fee 
 For deposited items.  $3.00
   
Post-Dated Check Return
  $2.00
   
Research Fee
$20.00 per hour - $ 5.00 minimum, includes checkbook balancing
           
           *Note: If error was made by bank, fee is waived.
   
Bill Pay - Inactivity Fee
There is a $5.00 inactivity fee if no bill payments are made during any 2-month period based on the anniversary date of your enrollment. A $5.00 fee will assess monthly thereafter until a bill payment is made.  
   
Fees for other banking services
Money Order       $1.00
Money Order for Non-Customers $5.00
Treasurer's Check $3.00
Treasurer's Check for Non-Customers $10.00
Bank Draft $5.00
Collection Items $15.00
Wire-Transfer - Incoming $8.00
Wire-Transfer - Outgoing $18.00
Foreign / International Transfer $40.00
Coin / Currency Straps, per box $3.50
Coin/Currency Wrapping, per $100 $1.00
Coin/Currency Order, per $100 $.05
Night Deposit Bags, up to 2 bags $1.50 / month
          For each additional bag $1.50 / month
Check Cashing for Non-Customers  
          Per check, up to amounts of $2,500 $5.00
          Per check, amounts over $2,500 $25.00
Coin Counting for Non-Customers 8%
ATM Card Replacement Fee $5.00
Counter Checks (3 per page) $1.00
   
Safe Deposit Boxes
Size Rental Fee
2 x 5 x 18 $15.00
3 x 5 x 18 $18.00
2 x 10 x 18 $23.00
5 x 5 x 18 $25.00
3 x 10 x 18 $30.00
4 x 10 x 18 $35.00
5 x 10 x 18 $40.00
8 x 10 x 18 $60.00
10 x 10 x 18 $75.00
Lost Key Fee $10.00
Box Drilling Fee $75.00

 

                                                 

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