What is a low balance fee?
A low balance fee is charged if you maintain less than $100 in your membership savings account and have no additional deposit products or loan products other than checking.
How can I avoid a low balance fee?
When you open a checking account, you can avoid the low balance fee by bringing your membership savings account balance to at least $100. Other ways to avoid the fee are:
- Open a secondary savings account, such as a Holiday Club or a regular savings account
- Open a certificate
- Open a loan of any type
- Open a credit card
The fee may be waived if you are also the primary member of a Debit Card Banking, Absolutely Free Student Checking or Freedom Banking account.