Quorum Account Fees and Service Charges.

 

CHECKING FEES

Club/Association/Business Checking Account Maintenance $5.00/month

 

 

SAVINGS FEES

HighQ Savings and HighMarq Account Paper Statement $10.00/month

 

 

CHECKING & SAVINGS SERVICES FEES

QBoost and QFlex Checking Paper Statement $2.00/month
ATM Card or Debit Card First 2 free, then $10.00
Replacement Cards
First free, then $10.00
ATM Withdrawals, first 10
First 10 withdrawals free
ATM Withdrawals, after first 10
11+: $2.00 per
Verification of Deposit
$15.00
Cashier Checks
$5.00
Stop Payment
$32.00
Dormant Account
$5.00

 

Paid NSF Fees (per transaction)

Courtesy Pay Fee/Negative Balance
$37.00
Overdraft Transfer from Savings
$20.00
Check or ACH Debit Returned (Insufficient Funds
$37.00

 

 

CONVENIENCE FEES

Incoming Wire Transfer Free
Outgoing Domestic Wire Transfer* $20.00
Outgoing International Wire Transfer*
$45.00
Abandoned Property Processing
$100.00
Invalid Address/Returned Mail
$2.50/month
Statement and Check Copy
$10.00
Mid-Cycle Statement History
$10.00
Notarization
Free
Research/Special Correspondence
$20.00/hr  ($20.00 min)
Subpoena/Restraining Notice/IRS Levy
$100.00

 

*If originated through any other channel including but not limited to over-the-phone banking and in branch a $10 surcharge per transfer will apply.

 

 

EXPEDITED MAIL

Domestic $15.00
International $25.00
Saturday Delivery
$45.00

 

 

 

SHARED BRANCHING TRANSACTIONS

Members with $100,000 in daily aggregate deposits with Quorum are exempt from these fees.

Deposit $5.50
Withdrawal $6.00

 

 

 

CREDIT CARDS

Quorum Cash Advance 2% ($5.00 min/$25.00 max)
Returned Payment Fee Up to $25.00
Replacement of Credit Card
First free, then $10.00

 

Late Payment Fees

Minimum Payment of $25.00 or More $25.00
Minimum Payment of $10.00 to $24.99
$10.00

 

 

LOANS

Late Payment $25.00
Duplicate Lien Release $25.00

 

Private Education Line-of-Credit

Application Fee $25.00
Late Payment
5% of the payment due
Non-Sufficient Funds (NSF) $20.00

 

 

MORTGAGES AND HOME EQUITY LOANS

First Mortgage and Co-Op Loan Application $295.00
First Mortgage Processing Fee $500.00
Rate Lock Extension Fee
0.25%
HELOC/Home Equity Loan Processing Fee
$100.00
HELOC/Home Equity Loan Origination Fee
First Lien HELOC: $495
Second Lien HELOC: $495
Fixed-Rate Home Equity: $495
Renovation HELOC: $495
Investment HELOC: $695
Bridge Loan HELOC: $995

HELOC/Home Equity Loan Annual Fees
First Lien HELOC: $0
Second Lien HELOC: $0
Fixed-Rate Home Equity: $0
Renovation HELOC: $0
Investment HELOC: $100
Bridge Loan HELOC: $0

Late Payment
Varies
Renovation HELOC Monthly Supervision Fee
$149/month during the renovation until Certificate of Completion received
Bridge Loan HELOC Monthly Servicing Fee
$149/month during the life of the loan
Appraisal
Varies
Closing Costs
Varies
Subordination Agreement Fee
$150.00
Preparation and Recording of Satisfaction
Varies by county
Flood Certification
$6.00
Credit Report Fees
First Mortgage: $106.00 (per applicant)
HELOC/HE Loan: $87.15 (per applicant)

Tax Service Fee
Varies – begins at $61.00
Modification
$225.00
Trust Agreement
Variable – begins at $150.00
Verification of Mortgage
$15.00

 

 

LOAN PAYMENT SERVICE FEES

Recurring Payments via Loan Payment Portal and ACH Free
One-time Payment via Loan Payment Portal $1.95
One-time Payment via Automated Telephone Service
$1.95
One-time Payment via Member Service
$9.95

 

 

TERM SAVINGS ACOUNT (similar to a High-Yield CD)

Early Withdrawal Penalties

2-11 Month Term Accounts 1% of amount withdrawn never to exceed original principal balance
12-24 Month Term Accounts 2% of amount withdrawn never to exceed original principal balance
25 Month+ Term Accounts
3% of amount withdrawn never to exceed original principal balance

 

 

HOLIDAY CLUB

Early Withdrawal Penalties $15.00

 

 

IRA WITHDRAWALS/ROLLOVERS/TRANSFERS

IRAs (Under age 59 1/2. IRS penalty will also apply) $25.00
All Outgoing Transfers or Rollovers $25.00

 

 

ATM/DEBIT CARDS

Daily Maximum Withdrawal Limit – ATM Card $500.00
Daily Maximum Withdrawal Limit – Debit Card $1000.00