feesFees and Charges & Transaction Limits (effective 1 March 2011)

This document must be read together with the Summary of Accounts and Availability of Access Facilities. Availability brochure and the Conditions of Use.
Together these brochures form the Conditions of Use for the South West Slopes Credit Union Account & Access Facility.

Excess Transaction Fees

per calendar month per membership
Note: Excess Transaction Fees are incurred when the number of Free Transactions for the month are exceeded.
See Member Rewards Relationship Balance table for further reference.
The below fees combined form the “Excess Transaction Fees”

rediATM transactions
$1.00 per excess transaction.

EFTPOS
$1.00 per excess transaction. Visa Cards are exempt IF <credit> (CR) account is selected when completing purchase transaction at EFTPOS
terminal.

ATM Balance Enquiry
$0.50 cents per excess transaction.

Cash or Cheque Withdrawals – Over the Counter
$1.00 per excess transaction. Cheque Withdrawals include Budget (periodical payment) Cheques.

EPays (Electronic Transfers) – Over the Counter
$1.00 per excess transaction.

Member Cheques
$1.00 per excess transaction.

Direct Debits
$1.00 per excess transaction.

Member Rewards Relationship Balance Table

Relationship Balance Number of Free Transactions Long Standing Members (> 15 years) Additional Free
$ 0 – $ 3,000 10 5
$ 3,001 – $ 5,000 12 5
$ 5,001 – $ 8,000 16 5
$ 8,001 – $20,000 20 5
$ 20,001 – $50,000 30 5
$ 50,001 – $80,000 40 5
Greater – $80,000 50 5

Your relationship balance is the sum of your savings, loans and investment accounts within your membership.

The Relationship Balance is calculated on the opening balance on the first day of each month.

Members who maintain a relationship balance of more than $3000 within their membership, will receive an increasing number of free transactions. (see table)

We reward you for being a long standing member (>15 years) with an additional 5 free transactions. While also looking after our younger members, under the age of 18 years, with a maximum of 30 free transactions per month.

When all free transactions have been exhausted the “Excess Transaction Fee” will apply. Unused free transactions are not carried forward to the next month

Other Fees and Charges

Member Cheque Books
A fee of $3.00 per 25 leaf cheque book applies. A fee of $12.00 per 100 leaf cheque book applies. This fee is charged at the time of ordering.

Member Cheque Dishonour Fee
A fee of $15.00 will be charged, when any Member cheque is dishonoured. $5.00 of this fee is payable to CUSCAL (Credit Union Services Corporation Australia Limited).

Cheque Deposit Dishonour Fee
A fee of $5.00 will be charged, when a cheque is deposited to a Member’s account which is subsequently dishonoured.

Direct Debits Dishonour Fee
A fee of $15.00 is applied where an authority to directly debit an account is dishonoured due to insufficient funds in the nominated account.
$5.00 of this fee is payable to CUSCAL.

Referral Fee
A fee of $10.00 is applied each time a member’s account is overdrawn without arrangements as a result of a cheque or direct debit being honoured.

Dormant Account Fee
A $10.00 annual fee applies to accounts on which there has been no member generated activity for at least 2 years and the member has not responded to advice from the Credit Union.

Duplicate Member Statement Fee
Duplicate member statements can be provided at a cost of $3.00 per statement

Cheque Trace Fee
A $45.00 fee will be charged to establish final destination (who received the cheque value). This is payable to CUSCAL.

Electronic Payment Trace Fee
A $22.00 fee will be charged to establish final destination (who received the electronic payment value). This is payable to CUSCAL.

Internet Token
A $35.00 fee will be charged per Token. This is refundable on return.

Document Recovery / Search Fee
Requests for copies of Deposit/Withdrawal receipts or documents (excluding loan documents) will be charged at our discretion on a time spent basis, with fee being $15.00 per 30 minutes or part thereof of search time with a minimum charge of $15.00. First 15 minutes is free.

Visa Cards

Emergency card or cash overseas
Approved USD$175.00 per card
If request is declined or cancelled USD $50.00 per card

Currency Conversion Fee
Visa Credit 1.5% of transaction amount will apply to any foreign currency.
Visa Debit 2% of transaction amount will apply to any foreign currency.

Card Replacement Fees
Where replacement of a Visa Card is required, a $10.00 card replacement fee is payable at the time of requesting the new card. There is no charge for renewal or expired cards.

Chargeback & Voucher Retrieval Fee
Minimum of $30.00 per transaction lodged plus any additional fees incurred.

Overlimit Fee
When a Visa Credit Card is over the approved credit limit a $30.00 fee applies.

Annual Fee
Visa Classic Credit Card $30.00 per annum.

Monthly Repayment
Visa Classic Credit Card has a minimum monthly repayment of 3% of the account debit balance on the last day of the statement period or $20.00 whichever is the greater or the account balance if it less than $20.00.

Transaction Fees
Transaction fees do not apply where the <credit> option is selected at EFTPOS terminals. Cash out option not available at EFTPOS terminals where <credit> option is selected for all Visa Cards. Up to 55 days interest free on purchases applies to Visa Credit cards.

Loans
There are no charges for Loan Applications, Loan Establishment or Loan Redraw facilities.

Property Valuation
Payable to the Valuer. Prices will vary depending on location, from $88.00.

Solicitors & Third Party Fees
There may be additional fees charged by Third Parties for Agent Fees, Mortgage Security Registration, Handling, Stamp Duty and Discharge of Mortgage.

Personal Property Securities Register (Bill of Sale))
All fees payable to ITSA
Registration Fee $6.80 per registration
Amend a Financing Statement $6.80 per amendment
Minor amendment to Financing Statement $3.40 per amendment
Search Fee $3.40 per search
Service Registration Fee of $5.00 on each security. (payable to SWSCU)

Land Title Search Fee
Land Title Search fee of $23.90 per search.

Effective: 01 July 2015.

* Third Party Fees and Charges – Any Fees and Charges charged to the Credit Union, including Government charges or charges by other Financial Institutions for products and services obtained on behalf of the member/s will be passed on to the member/s. All fees and charges, unless specified otherwise, will be charged to the account on the day it is incurred. All third party fees are subject to change without notice.

The ATM Direct Charging Fee is charged by the ATM Owner at the time of the transaction (ATM Partner Fee). This fee is at the discretion of the ATM Owner. SWSCU has no control over this fee. All rediATM’s are fee free for all our members Australia wide with unlimited usage. For more information and locations please visit www.rediatm.com.au