Somerset Savings Bank

Service Fees

Account Maintenance Fees

Free Regular Checking
No minimum daily balance required No Charge
NOW Checking with Interest*
Minimum daily balance of $1,200 or more No Charge
Under $1,200 during statement cycle  
    • with check safekeeping $10.00
    • with return of checks $11.00
    • with Direct Deposit $10.00
50+ Checking with Interest**
No minimum daily balance required No Charge
50+ Regular Checking**
No minimum daily balance required No Charge
NJ Consumer Checking
Minimum daily balance required $1.00
Account maintenance, per month $3.00
Per check charge
• first 8 No Charge
• thereafter $0.50
Business Checking
Minimum daily balance $2,500 or more No Charge
Under $2,500 during statement cycle $12.00
Per check charge
   • first 40 No Charge
   • thereafter $0.20
Deposit charge
   • first 15 No Charge
   • thereafter $0.40
Provider Money Market Account**
Minimum daily balance $1,000 or more No Charge
Under $1,000 during statement cycle $10.00
Pre-authorized transfers over the allowable limit††, each $5.00
Statement Savings Account**
Minimum daily balance $250 or more No Charge
Under $250 during statement cycle $3.00
(No minimum daily balance requirement for account holders
under 18 or account holders over 50 or non-profit organizations)
 
Over Activity Limit Charge, per item $5.00
Tiered Savings Account
No minimum daily balance required No Charge
Over Activity Limit Charge, per item $5.00
Everyday Passbook Savings**
Minimum daily balance $250 or more No Charge
Under $250 during statement cycle $3.00
(No minimum daily balance requirement for account holders
under 18 or account holders over 50 or non-profit organizations)
Club Accounts - Vacation and Christmas
Early Withdrawal Fee, funds withdrawn prior to maturity $5.00

Other Checking & Savings Account Fees

Checking printing fees vary by the style of checks ordered  
Overdraft/NSF Charge, per item subject to the following limitations:  $34.00
Overdraft/NSF Charge, per item if the amount of the individual item is $35.00 or less  $15.00
Overdraft/NSF Charge if the total amount of your overdrawn balance is $10.00 or less  $0.00
Maximum amount of Overdraft/NSF Charges that may be assessed per day  $102.00
Charge to Return Check for NSF, per item  $34.00
Uncollected Funds, per item returned  $30.00
Stop Payment Charge, per item  $25.00
Deposited Items Returned fee, per item  $12.00
Copy of Check Paid Fee, per check  $5.00
Photocopy of Monthly Statement fee, per statement  $5.00
Interim Statement fee  $5.00
Statement Reconciliation Assistance, per hour  $25.00
(One hour minimum, plus photocopy fees)
Research Fee, per hour  $25.00
(One hour minimum, plus photocopy fees)
Collection Fee (for incoming collection of a Somerset Savings Bank Account)  $25.00
Lost Passbook Fee  $5.00
Copy of a 1099 Form Fee, per form  $6.00
Copy of IRS Tax Form Fee, per form  $6.00
Inactive Account Charge, per month††  $6.00
Charge for Legal Process  $60.00
(plus photocopy fee where available)
IRA Transfer Fee  $25.00
Collection of Foreign Items  $8.00
(plus insurance and correspondent fees)
Outgoing Wire Transfer Fee, per domestic wire  $25.00
Lost Safe Deposit Key Fee, 1 key  $5.00
Lost Safe Deposit Key Fee, 2 keys  $80.00
(Requires drilling)
ATM/Debit Card Activity Charge $0.35
(per PIN based POS transaction)  
Lost ATM Card Fee $5.00
Lost Debit Card Fee $5.00
Money Order Fee, per money order $4.00
Copy of Paid Money Order, per item $5.00
Money Order Stop Payment, each $25.00
Bank Check Fee, per check† $6.00
Copy of Paid Bank Check, per item $5.00
Bank Check Stop Payment, each $25.00
Purchase American Express Travelers Checks
(checks for one) 1.00% of sale
(checks for two) 1.50% of sale
Foreign Wire Transfer Fee By Quote

* See Maximum Banking maintenance fees if account is designated as the primary account for a Maximum Banking Relationship
** Maintenance fees and minimum daily balances are not applicable if account is linked to Maximum Banking relationship.
† Fee waived for Maximum Banking members.
†† See Account Disclosure for specifics.