Member Resources
| Ownership Type | Documentation |
|---|---|
| Sole Proprietorship |
|
| Corporation |
|
| Limited Liability Company |
|
| Incorporated Non-Profit Organization or Association |
|
| Unincorporated Non-Profit Organization, Association or Lodge |
|
| Partnership |
|
Community Resources
121 Richland Ave E, Aiken, SC 29801
803-641-1111 to schedule an appointment for counseling
1000 Business Blvd, Evans, GA 30809
706-651-0018 to schedule an appointment for counseling
Member Business Accounts And Fee Schedule
Effective: 10/01/2023
| Business Share Savings Account | |
|---|---|
| Par value of a Membership Share | $0.01 |
| Minimum Opening Deposit | $0.01 |
| Dividend period | Monthly |
| Variable Rate Dividend | Compounded monthly and credited monthly |
| Dividend Rate | May change daily |
| Minimum balance required to earn Annual Percentage Yield | None |
| Monthly electronic statement | Free |
| Online account access - SRP Online and SRP Mobile | Free |
| 24 hour audio response system - TYME Line | Free |
| Business Term Share Certificate | |
|---|---|
| Minimum deposit to open and earn Annual Percentage Yield | $500.00 |
| Rate for term of Share Certificate | Fixed |
| Dividend periods | Compounded and credited |
| Renewal at prevailing rate for new term | Automatic |
| Grace period for withdrawal at maturity on Share Certificates with terms 3 months or more | 10 days |
| Early withdrawal on Share Certificates with a term of 1 year or less | 90 day penalty |
| Early withdrawal on Share Certificates with a term of more than 1 year | 180 day penalty |
| Business Checking - Non Interest Bearing; Non-Analyzed | |
|---|---|
| Access Checking | |
| Minimum opening deposit | $100.00 |
| Monthly service fee (waived with 5 debit card transaction/month or business credit card) | $5.00/month |
| Activity fee (assessed after 150 staff-assisted transactions/month) | $0.25/item |
| Premier Checking | |
| Minimum opening deposit | $0.00 |
| Monthly service fee (waived with cumulative business loan/credit card balance of $150,000) | $15.00 |
| Activity fee (assessed after 300 staff-assisted transactions/month) | $0.25/item |
| Non-Profit (must provide tax exempt designation document from IRS) | |
| Minimum opening deposit | $100.00 |
| Monthly service fee | $0.00/month |
| Activity fee | $0.00/item |
| Monthly Electronic Statements | Free |
| Online account access - SRP Online and SRP Mobile | Free |
| 24 hour audio response system - TYME Line | Free |
| Miscellaneous Fees | |
|---|---|
| Check Order Fees | Price varies depending on style |
| Coin Collecting Machine Usage | 5% of coin counted |
| Collection Item Fee | $40.00 |
| Statement copies (per statement) | $2.00 |
| Account Printout | $2.00 |
| Stop Payment Order Fee (per check, bill payment, or item) | $35.00 |
| Non-Sufficient Funds Fee (per presentment)* | $35.00 |
| Overdraft Protection Transfer Fee from Savings Account (per transfer) | $2.00* |
| Copy of Cleared Check Fee (per check) | $1.00 |
| Photo Copy of Bill Payer Payment | $3.00 |
| Research Services Fee per hour | $25.00 |
| Returned Item Fee (items deposited, returned unpaid) | $20.00 |
| Unauthorized ACH Return | $5.00 |
| Account Reopen Fee (accounts voluntarily or involuntarily closed within 12 months) | $10.00 per occurence |
| Share Reopen Fee (accounts voluntarily or involuntarily closed within 12 months) | $10.00 per occurence |
| Guaranteed Funds Check | $5.00 |
| Non-member Guaranteed Funds Check | $10.00 |
| Safe Deposit Boxes (annual)*** | $22.00 to $80.00 |
| Wire Transfer Fee (outgoing or incoming) | $20.00 |
| Legal Process (tax, levies, garnishments, etc.) | $50.00 per occurrence |
| Inactivity Fee (60 months without activity) | $50.00 per member |
| Incorrect Address Fee (Charged beginning at the end of the month following US Post Office notification of incorrect address) | $5.00 monthly |
| Counter Check Fee (sold in four-check increments)(Fee assessed after initial supply of counter checks issued) | $2.00 |
| Tamper Proof Night Depository Plastic Bags (an initial supply of 50 bags at account opening - free) | $25.00 for 100 bags |
| Night Depository Key (2 keys issued at account opening - free) | $10.00 for a lost or additional key |
| Business Check Card Transaction Fee (non SRPFCU ATM) | $1.00 |
| Paid Business Check Card Receipt Copy | $5.00 |
| Business Check Card International Service Assessment Fee | 1% of converted transaction amount |
| ATM Withdrawal Limits with a Visa Business Check Card (from ATM or a PIN Based point of sale cash back transaction) | $1,000 Daily |
| Visa Business Check Card Limit | $3,000 Daily |
*Any item or transaction can be presented for payment multiple times, which is beyond the control of the Credit Union. Each presentment may be charged a separate NSF fee even though it may be for a repeat presentment. Refer to the section of the Membership Agreement titled Multiple Presentments/Representments for more information.
**Fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals or by other electronic means.
***Contents in safe deposit boxes are not insured against loss by SRP FCU or NCUA.
Credits To Accounts For Member Deposits and Business Day Disclosure
The Credit Union's daily cut-off time: All deposits or transactions received after the time we close for business on a day when we are open or received after we open our night depository, or received on a day on which we are closed for business, will be treated as if received on the next business day that we are open unless differently disclosed at depository.
The Credit Union's daily cut-off time for Uniform Commercial Code Funds Transfers: Any dollar amount may be transferred on Monday, Tuesday, Thursday, or Friday, until 4:00pm or Wednesday until 11:00am on a business day. Any request for a transfer after this time will be processed on the next business day we are open.
The Credit Union's business day disclosure: Our business days are Monday through Friday, excluding holidays. Our night depository is opened at 8:30am daily. Deposits made after 8:30am or on a day we are not open will be processed on the next business day unless differently disclosed at the depository.
Stop Payment Orders: The Credit Union will not be obligated to take any action on a valid and appropriate Stop Payment Order until after recorded on your account. you may notify us by mail, telephone, electronically, or in person. Any such instruction must be given to a teller, member service representative, or branch manager of the Credit Union. A SPO will not be valid and binding on us unless your SPO includes your account number, the number and date of the written instrument, the name(s) of the payee(s), and the exact amount of the instrument. (Additional SPO information is disclosed in the Business Membership Agreement)
Electronic Funds Transfer Services: Limitations, Fees, and Other Important Information
| Transaction Limits | |
|---|---|
| Daily ATM Withdrawal Limits (from an ATM or a PIN-based point-of-sale cash back transaction with your Business Check Card) | $1,000 per day |
| Daily Visa Business Check Card Point of Sale (POS) Limit | $3,000 per day |
| Daily Cumulative Limit (Check Card and ATM withdrawals) | $4,000 per day |
Networks Available for EFT Transactions: PLUS, STAR, CIRRUS/MasterCard, American Express, Visa Net, EBT (all states)
Note: The owners of non-Credit Union ATM's may charge fees, and any such fee will be paid from your account. These fees are generally called a surcharge.
Online Transaction Processing: Generally it will take 2 - 5 days to process a transaction.
Canceling a Bill payment Transaction and Your Stop Payment Right: Once you have setup a bill payment, you can delete the payment, revise the amount, or the due date until the payment is showing processed. Once the payment is in the processed status, you must contact the Credit Union at (803) 278-4851 during regular business hours to make these changes. After business hours you may contact a representative for the Credit Union at 1-888-289-9097, Monday - Friday, between 7:30am EST and 2:30am EST. There is a fee for stopping payment after the payment has been processed. Payments are typically moved to a processed status at or about 3:00pm EST 1 - 5 days prior to the date you schedule in the Bill Payment system as the Deliver By date.
Stop payments and reissues for check payments will be accepted beginning five (5) business days after the date the payment processing began. In situations where it is apparent the payment is going or has gone to the wrong address, wrong payee, etc., we will accept stops and reissues immediately. Electronic payments cannot be stopped. The stop payment fee will be applied whenever any bill payment that is not cleared. The stop fee will not be assessed if the payment is stopped by us due to a processing error, the payment was not posted by the payee even though the payee address was correctly submitted by you, or if the payment check was lost in the mail.
Inquiries, Questions or Reporting Lost or Stolen Cards, PINS, etc.: Telephone or write to us at SRP Federal Credit Union, PO Box 6730, North Augusta, SC 29861, (803) 278-4851 or Toll Free (800) 237-9829. Call (888) 289-9097 for Online Bill Payment tracing and inquires.
After business hours call the appropriate toll free number listed below:
(866) 559-4717 to report a lost or stolen Visa Debit Card
(800) 991-4964 to report a lost or stolen Visa Credit Card
