Fees
Charges for Products
and Services
Free Checking
No Monthly Fee
Regular
Checking
Monthly fee can be avoided with $500 minimum daily balance, or $1,000 average daily balance or Direct Deposit.
- Fee:
$8 per month
- $0.50 per debit item over 35 per month
Club
Checking
Interest
Checking
Monthly fee can be avoided with $1,000 minimum daily balance or $2,000 average daily balance.
Heritage
50 Interest Checking
Monthly fee can be avoided with $1,000 minimum daily balance, $2,000 average daily balance or $5,000 in combined deposits (including CDs).
Free Business
Checking
No monthly fee.
- FREE E-Statement with images
- Fee:
$0.25 for each debit item in excess of 150 per month
Business
Checking
Monthly fee can be avoided by maintaining a minimum daily balance of
$2,500 or $5,000 average daily balance or $10,000 combined deposits.
- Fee:
$15 per month
- Fee:
$0.25 per debit item over 300 per month
Business
Interest Checking
Monthly fee can be avoided by maintaining a minimum daily balance of
$2,500 or $5,000 average daily balance or $10,000 combined deposits.
- Fee:
$15
- Fee:
$0.25 for each debit item in excess of 300 per month
Business
Money Market Account
Monthly fee can be avoided by maintaining a minimum daily balance of
$2,500 or more.
- Fee:
$15
- Fee:
$6 per withdrawal over six per month, limit of 3 checks per month
Regular
Savings
Quarterly fee can be avoided by maintaining a minimum daily balance
of $100 or more.
- Fee:
$3 per quarter
- Fee:
$2 for each withdrawal over six per quarter
Piggybank
Savings
- Fee:
$2 for each withdrawal over six per quarter
Money
Market Account
Monthly fee can be avoided by maintaining a minimum daily balance of $2,500 or average daily balance of $5,000.
- Fee:
$12 per month
- Fee:
$15 per withdrawal over six per month, limit of 3 checks per month
Certificates
of Deposit
Penalty for early withdrawal equals one month’s interest on CDs
of 12 months or less, and three month’s interest on all other CDs.
Individual
Retirement Accounts (IRAs)
Penalty for early withdrawal equals one month’s interest on 12-month
IRAs and three month’s interest on all other IRAs.
ATM
Transactions
- Free at Southern Heritage Bank ATMs
- Fee:
$1 for each withdrawal, transfer of funds or balance inquiry when
using non-Southern Heritage Bank ATMs (regardless of account balance).
Money Orders and Cashier Checks
- Fee:
$4; no charge to Club Account members or Heritage 50 Interest Checking account holders.
Travelers Checks
- Fee:
1% of purchase; no charge to Club Account members or Heritage 50 Interest Checking account holders.
Wire Transfers
- Fee:
$15 for outgoing/domestic.
- Fee:
$5 for incoming/domestic.
- Fee: Cost plus $30 international
Non-Sufficient/Overdraft
Bounce Protection
Overdraft Line of Credit
Account
Research
- Fee:
$25 per hour ($25 minimum)
Account
Balancing Assistance
Stop Payment
Garnishments
Returned Deposit Checks (chargebacks)
Special Statement Cutoff
Early Account Closing (within 90 days of opening)
Check Collections
Bond Coupon Redemption
