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IMPORTANT FOOTNOTES:

  1. “Established extension of credit at IFB” includes, but is not limited to: a loan to a person / entity such as a credit card, consumer loan, auto loan, CD secured loan, line of credit, mortgage loan, or commercial loan.

  2. All safe deposit box rental fees must be paid in advance for the entire year.

  3. In addition to the International Finance Bank (IFB) charge of $25.00 for this collection unpaid item, there may be other fees incurred which may be assessed to the customer due to the Payee Bank’s related charges for this item (when applicable).

  4. An insufficient funds item may be created by check, an in-person withdrawal, ATM withdrawal, ACH, or by any other electronic means. If this occurs, a non-sufficient funds (NSF) fee or an uncollected (UNC) fee may apply to all of your accounts with us except certificates of deposit.

  5. 17.50% annualized rate (the Bank assesses the overdraft interest charge monthly based on the total negative balance, including any non-sufficient funds’ (NSF) fees incurred) – applied only to deposit commercial or corporate accounts only

  6. Initial Account Processing Fee- applies to Foreign Based Entities: This one time processing fee applies when a *banking relationship is initially established to a business customer who is a foreign based entity operating outside the United States, including relationships which meet any of the following criteria: Politically Exposed Persons (PEPs), Private Investment Corporations (PICs), Offshore corporations, Non-Governmental Organizations & Charities, International Government entities, Non-Bank Financial institutions, and Consortiums. This initial fee covers the Bank’s related due diligence requirements of the foreign-based entity, related parties, and designated authorized signers as applicable.

    *Note: For this purpose, a banking relationship is defined when the first deposit account is being opened of a foreign based entity as explained above. Additionally, this fee will also apply when an existing business customer subsequently opens a deposit account for a new, separate foreign based entity.

  7. For Money Market and Savings Accounts, transactions are limited to six (6) transfers or withdrawals (or a combination of 6 transfers and withdrawals) each month to another of your account(s), or to third parties when these transfers are made- by means of preauthorized, automatic transfer, or telephone / PC transfer, or by check, draft, debit card, or similar order.

  8. The Business Checking and the Business Checking (I) accounts are limited to 50 debit transactions per month and a $0.10 charge will be charged on each excess debit over 50.

Other Fees
(6) Initial Account Processing Fee- – applies to Foreign Based Entities (One Time Fee) $250.00
(7) Excess Transaction Fee-for Savings and Money Market Accounts (exceeding 6 transactions per month) $10.00
Internal TRF (Transfer) Fee $5.00
Cashier’s Check Fee $10.00
Cashier’s Check Non-Customer Exchange Fee $25.00
Copy Fee- at a bank location (per page) $2.00
Research Fee (per hour –within 2 years) $25.00
Research Fee (per hour – over 2 years) $50.00
Statement Printout Fee (per statement) $5.00
Early Domestic Account Closing Fee (prior to 6 months) $25.00
Early International Account Closing Fee (prior to 6 months) $100.00
Audit Confirmation Fee (Domestic Account) $10.00
Audit Confirmation Fee (International Account) $25.00
Account Activity Image Fee (per image) $5.00
Return Item Fee $10.00
Dormant Account Fee (monthly fee- after 12 months of the account being inactive) $20.00
Notary Service Fee (per request) $10.00
Reference Letter Fee $25.00
Return Mail Fee $15.00
Resume Paper Statement Fee (per account) $10.00
Stop Payment Fee (per item and valid for 6 months) $30.00
(8)Business Checking Excess Transaction Fee (per statement cycle- if applicable) $0.10 per each debit transaction in excess of 50
Legal Processing Fee (Garnishments, Levies, Notice of Freeze) $100.00
Non-Customer Check Cashing Fee $5.00
Domestic Deposit Accounts – Service Charge
Basic Checking Maintenance fee: $12.00 per monthly statement cycle, if the balance falls below $500.00
Interest Checking Maintenance fee: $15.00 per monthly statement cycle, if the balance falls below $2,500.00
Choice Personal Checking Maintenance fee: None – only offered to customers that have an (1) established extension of credit at IFB
IFB Senior Citizen Checking Maintenance fee: None
Personal Money Market Tiered Maintenance fee: $15.00 per monthly statement cycle, if the balance falls below $2,500.00
Personal Savings Maintenance fee: $12.00 per monthly statement cycle, if the balance falls below $100.00
Child Flutma Savings Maintenance fee: $12.00 per monthly statement cycle, if the balance falls below $100.00
Business Checking Maintenance fee: $15.00 per monthly statement cycle, if the balance falls below $2,500.00
Business Money Market Tiered Maintenance fee: $15.00 per monthly statement cycle, if the balance falls below $5,000.00
Choice Business Checking Maintenance fee: None – only offered to customers that have an (1) established extension of credit at IFB
International Deposit Accounts – Service Charge
Basic Checking (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $10,000.00
Interest Checking (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $15,000.00
Choice Personal Checking (I) Maintenance fee: None – only offered to customers that have an (1) established extension of credit at IFB
Personal Money Market (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $25,000.00
Personal Savings (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $15,000.00
Business Checking (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $50,000.00
Business Money Market (I) Maintenance fee: $20.00 per monthly statement cycle, if the balance falls below $50,000.00
Automatic Teller Machine (ATM) / Debit Card Related Fees
Non Customer IFB ATM Fee $4.50
C/B(Cross Border) Fee .90% of total transaction amount
Replacement Debit Card Fee (standard) $10.00
Rush Replacement Debit Card Fee (overnight mailing) $90.00
Safe Deposit Boxes Related Fees
Sizes (in inches) and Fees
(2)3 x 5 $35.00
(2)3 x 10 $80.00
(2)5 x 10 $100.00
(2)10 x 10 $200.00
Key Deposit Fee $30.00
Late payment Fee $25.00
Drilling Fee $275.00
Drilling Appointment Cancellation Fee $75.00
Delivery Shipping Related Fees
Regular Mail Fee (by US post office within the US) $3.00
Domestic Courier Shipping Fee $40.00
International Courier Shipping Fee $75.00
Collection Fees – Incoming & Outgoing (International & Domestic Customers)
Clean Collection Fee (per item) $50.00
Documentary Collection Fee(per set) $75.00 or 4% with a maximum of $400.00
Past Due Item Fee $10.00
Unpaid Item Fee $25.00 and other Payee Bank charges may apply(3)
Advice of Payment Fee (per advice) $20.00
Tracer Fee (per request) $15.00
Acceptance Advice Swift Message (per set for International Customers) $20.00
Wire Transfer Fees
Incoming Wire Fee (Incoming Wire Transfer Fee) $10.00
Wire Fee- Outgoing Intl Consumer (International Outgoing Consumer Wire Transfer Fee $60.00
Wire Fee- Outgoing Intl (International Outgoing Wire Transfer Fee) $45.00
Wire Fee- Outgoing Dom (Domestic Outgoing Wire Transfer Fee) $30.00
Wire Transfer Investigation Fee (per research request) $10.00
Wire Transfer Trace Fee (per request) $20.00
Wire Conf Fee (Wire Transfer Confirmation Fee)- per confirmation $20.00
Overdraft/Uncollected Related Fees
NSF (Non-Sufficient Funds) Fee $35.00(4)
Overdraft Interest Fee (applied for Commercial or Corporate deposit accounts only) 17.50% for the amount overdrawn per business day(5)
UNC- (Uncollected Funds) Fee $25.00(4)

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