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Personal Banking Fees

Banking That Puts Community First!

We want to help you keep more of your money and do our best to keep fees to a minimum.  There are some fees we do unfortunately have to charge, they include:

NSF & Uncollected Funds Fees

NSF fees or Non-Sufficient Funds and Uncollected Funds fees occur when checks you have deposited into your account have not had time to clear and as a result, you do not have the funds available in your account to cover checks you have written or automatic payment transfers you have made. We charge a fee for Non-Sufficient Funds and for Uncollected Funds errors.

Advice from your bank

  • Try to keep a cushion in your account to cover any accidental errors.
  • Remember to immediately deduct all ATM, Bill-Pay withdrawals as well as debit card purchases and checks.
  • Remember to factor in clearing time when you deposit checks, or better yet, arrange for Direct Deposit to avoid check clearing delays.
  • You may also want to consider linking your accounts using our automatic Overdraft Transfer Service. Sign up and we will automatically transfer the amount needed from your linked savings account to cover a check, debit or automatic transfer. There is a fee for each time you use this service, but your checks or debits will be paid and you will also avoid the costs and embarrassment of an NSF situation.

ATM Fees

There is no charge to use your ATM or Debit Card at any of our branch locations. When you use an ATM at another location, you will be charged a fee from that bank to cover administrative costs. A few of our accounts offer free foreign ATM credits, see our Checking Account page to find out more.

Advice from your bank

  • If possible, use ATM machines at any of our locations for your after-hours cash needs.

Minimum Balance Fees

Our minimum balance requirements very low but in the event your account does fall below the required amount, certain fees apply.

Advice from your bank

  • Keep a close eye on your account balance. Take advantage of telephone or internet banking to track your balance and do what you can to stay above your account’s minimum.

Regulation D

Regulation D is a directive of the Federal Government, not Wallkill Valley Federal Savings & Loan

Federal Regulation D allows for a maximum of six electronic transfers per month from your non-transaction (Savings and Money Market) accounts using the following methods:

  • Telephone Banking
  • Internet Banking
  • ACH Debits
  • Checks