Standard Rates and Charges

Fees Common to All Checking, NOW, MMDA and Savings Accounts

Account Research (per hour)$25.00
ACH Origination:
    Per Item
Bank Issued Check (after the first three per month)$3.00
Chargeback Fee (items deposited to an account returned for non-payment)$6.00
Check Cashing Fee (on accounts with an Average Balance Below $250.00)
    For First $100
    Every Additional $100
Check Image (customer-requested copy of processed item)$4.00
Closed Account (if closed prior to 90 days)$25.00
Commercial Currency and Coin Order Fee (per month)$25.00
Dormant Account (per month)$2.50
Duplicate Statement (per month)$5.00
Excessive Withdrawal (more than 6 withdrawals per statement cycle on non-transaction accounts) (per withdrawal)$5.00
Exchange Check Fee (drawn on Morgan Federal Bank)$10.00
Fax/Copy Fee (per page)$0.10
Foreign Item Deposit Fee$23.00
Foreign Currency Exchange Fee$8.00/transaction + $15.00/shipping
Garnishment / Levy$50.00
International Service Assessment (ISA) FeeVariable (up to 1% of foreign transaction amount)
Official Check$5.00
Online Banking Bill Pay (per item)$0.75
Overdraft Fee (created by check, in-person withdrawal or other electronic means) (per item)$25.00
Person-to-Person (P2P) Transfer (per transfer)$0.50
Remote Deposit Capture Fee (per month)$50.00
Replacement Card (ATM card / Visa debit card)$12.00
Returned Item Fee (per item, created by check, or other electronic means)$25.00
Safe Deposit Box (annual fee)
    3" × 5"
    3" × 10"
    5" × 10"
    10" × 10"
Change of Lock Fee$75.00
Drilling of Box Fee$150.00
Stop Payment Fee (per item)$25.00
Wire Transfer (for MFB customers only)
    Outgoing (domestic)
    Outgoing (international)
    Wire Transfer (for non-customers with officer approval) (incoming only)$30.00
    The penalty for early withdrawal from any time deposit will be an amount equal to the greater of: (1) the current Institution rate minus the certificate rate times the remaining number of days to maturity times the amount withdrawn, or (2) a number of days interest on the amount withdrawn, as applicable (all interest earned on accounts with an original maturity of 91 days or less; 90 days interest on accounts with an original maturity from 92 days through one year; or 182 days interest on accounts with an original maturity of more than one year).

    Reorder Checks

    Keep your Morgan Federal Bank checking accounts ready to use by reordering checks online. You may order your checks directly through Harland Clarke’s Check Reorder website.

    Lost/Stolen ATM Card

    If your ATM/Debit card is lost or stolen, please contact us immediately at 970.867.2443 or call 1.800.523.4175 after 5:30 or on weekends.