Eaton Family Credit Union News

We think that our FREE Advantage Checking beats Prepaid Debit Cards every time because No annual fee No charge debit card transactions ATM access Branch access Shared branch credit union partner access Online bill pay Paper checks Earn interest Click here for an article from The Plain Dealer by Teresa Dixon Murray on July 30, 2013 titled,  Consumer Reports evaluates prepaid debit cards... Click here for article from Consumer Reports published July, 2013 titled,  What you need to know about prepaid cards Click here for the report from Consumer Reports published July, 2013 titled, Prepaid Cards: How They Rate on Value, Convenience, Safety and Fee Accessibility and Clarity

On Sunday, August 5, 2012 The (Cleveland) Plain Dealer ran an article by Teresa Dixon Murray  called, " Bid Your Checkbook Goodbye ." Murray discusses the latest trend in banking as an online service with a prepaid debit card for transactions. We like to explain how our FREE checking  trumps prepaid debit cards when it comes to fees and services. And we think our FREE checking is better than the bank's checkless checking accounts. Here are some questions she suggests you ask if you're considering a checkless account and our answers: Can I physically deposit checks or cash to my account at ATMs or in branches? Yes. You can visit our branches in northeast Ohio and over 4,600 shared branch credit union partners nationwide. Plus many of our surcharge-free ATM partners accept check deposits. Are there fees to make deposits? No. Can I pay bills or send checks to individuals online? Yes. We have FREE online bill pay ...

Here is the start of an article from Sunday, August 15, 2010 Cleveland Plain Dealer by Teresa Dixon Murray , "A change in federal law that kicks in today says banks must get your permission up front before charging you an overdraft fee for a wayward ATM withdrawal or debit card purchase." Click here for the entire article. In the article she includes, "Questions to ask your bank about overdraft policies for ATM withdrawals and debit card purchases." Here are the questions and answers from Eaton Family Credit Union: What are the fees for overdrafting my account with an ATM withdrawal or a debit card purchase? Does the fee get higher the more times an overdraft occurs during the year? $25 overdraft fee per transaction Is the overdraft fee waived if my negative balance is minimal, say, less than $5 in the red? $5 grace amount. Let’s talk. Please let us know when you have concerns about your account. Does your bank offer real-time text or e-mail alerts if my balance g...

Here is the start of an article from Saturday, August 7, 2010 Cleveland Plain Dealer by Teresa Dixon Murray , "Bank customers soon will see higher fees, more of them and no more free checking -- all the result of banking reform that will cost banks billions of dollars." Click here for the entire article. Click here for the bank fee chart accompanied the article. As usual, read the fine print to see how bank fees quickly add up...imagine what they will do later this year. Eaton Family Credit Union will also experience decreased overdraft fee revenue but we're not planning on getting rid of FREE Checking . Here is a breakdown of our fees based on chart in the PD. Non-Sufficient Funds = $25 Cashier's/Official Check = $2 Foreign ATM = $1 Stop Payment $25 Electronic Wire Transfer Incoming = $6 Outgoing Domestic = $17 Outgoing Foreign = $40 Lost ATM Card = $0 ATM-Only Card = $0 Deposit Check that Bounces = $15 Click here for our complete fee schedule.