Fees & Disclosures
Funds Availability Policy
At Buffalo Service Credit Union, we know it's important that you have your funds available to use as quickly as possible, so we adhere to the following policy:
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of deposit (or, on the same day we receive your deposit). Funds may not be available until the second business day after the day of deposit. The first $200 of your deposits, however, will be made available on the first business day after the day of deposit.
Funds you deposit by check may be delayed for a longer period under the following circumstances:- you have opened a new account
- we believe the check is uncollectible
- you deposit amounts in excess of $5,000 on a single day
- you are re-depositing a check
- the account has been repeatedly overdrawn
- emergency situations, such as computer failure
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of deposit. The first $200 of your deposits, however, will be made available on the first business day after the day of the deposit.
If you make deposits before 3:00 pm on a business day, your money will be considered deposited that day. Business days exclude Saturdays, Sundays and Federal Holidays. Deposits after 3:00 pm on a business day or at any time on a non-business day will be considered to be deposited on the next business day.
Foreign check deposits may be available on the eleventh business day after the day of deposit or the check will be sent as a collection item, whereas the funds will be available upon delivery of the funds. $200 of the deposit will not be available on the next business day.
Check deposits made at an ATM are available on the second business day following the day of deposit.
We have developed these guidelines for your protection. If you have any questions about the availability of your funds, please don't hesitate to ask one of our representatives.
Effective 7-21-11
Buffalo Service Credit Union Privacy Policy
Download the BSCU Privacy Policy
NCUA Share Insurance
NCUA share insurance up to $250,000.
As a member of Buffalo Service Credit Union, you'll enjoy the peace of mind that comes with knowing your deposits are automatically insured by the National Credit Union Administration (NCUA) for up to $250,000.
The NCUA is the independent agency of the U.S. Government that is responsible for managing the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF was established by Congress in 1970 to insure member share accounts against loss within specified legal limits.
NCUA protection up to $250,000 is automatically in effect on your shares here and applies to both new and old accounts.
Account and Service Fees
| The cost of Share Draft printing depends on the style of draft you select. Select Share Drafts are free of charge with Direct Deposit of full pay. |
| Service | Fee |
| Returned Items Share Draft, ACH and Check Deposits |
$30.00/item |
| Visa® Credit Card Returned Payment | up to $25 |
| Regulation D (transfers over six (6) per month) |
$30.00/transfer |
| Stop Payment Fee | $20.00/request |
| Photocopy | $4.00/copy |
| Visa® Check Card and Credit Card Replacement | $7.00/card |
| Outgoing Domestic Wire Transfer | $15.00/transfer |
| Outgoing International Wire Transfer | $30.00/transfer |
| Money Orders | $1.00/item |
| Unknown Address | $3.00/month |
| Protest | $20.00/item |
| Restraining Notice | $50.00/notice |
| Tax Levies | $50.00/levy |
| Information Subpoena | $50.00/notice |
| Collection Letter | $30.00/letter |
| Account Research | $15.00/hour |
| Account Interim Statement | $1.00/page | Dormant Fee | $5.00/month* |
| ATM Cash Withdrawal Fee: 2 free per month with additional withdrawals costing $ .50 each. BSCU Visa® Check Card used at BSCU ATMs are free and not counted toward the 2 free per month. |
*Accounts inactive for 3 years as of June 30th will be charged a Dormant Fee of $5.00 per month August 1st thru November 1st. |
Effective 09/01/2011
ATM (Automated Teller Machine)
On each check card, there is a per day limit of $510.00 ($10.00 for surcharges) used at an ATM. There is also a per day limit of $1,000 used as a debit-purchase with your PIN Number. On each account, there is a limit of $2,000 for credit-signature transactions less outstanding authorizations (purchases made but not posted to your account). Check deposits at an ATM are subject to a 2 day hold, not including day of deposit. Total cash back amount on a deposit cannot exceed $100.
Transaction Limitations
Regulation D requires that no more than six (6) preauthorized, automatic, ARU-TellerPhone, internet banking or telephone transfers may be made from your Share Savings Account, Club Accounts or IRA Accounts during any one month. If you exceed, or attempt to exceed these transfer limits, the transfer requests may be refused or reversed. A fee will be imposed on the excess transfer requests and the credit union may reclassify your account to a Share Transaction Account. Automatic transfers are made in $10 increments from your Account or Overdraft Line of Credit to cover overdrafts.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
