Fee Schedule

The Fee Schedule for Consumer Accounts provides you with monthly service charges, service fees, and minimum balance requirements that apply to Nantucket Bank consumer accounts.

Fees Effective December 1, 2016

 

CHECKING ACCOUNTS

FREE CHECKING
Monthly Service Charge $0
Minimum Opening Deposit $25
Free ATMs at thousands of SUM Program ATMs Nationwide1
1. Must enroll in and maintain eStatements.
DEBIT REWARDS CHECKING
Monthly Service Charge2 $10
Minimum Opening Deposit $25
ATM Surcharge Rebate
(per statement cycle)2
Up to $10
Free ATMs at thousands of SUM Program ATMs Nationwide2
Debit Rewards
(per debit card purchase of $10 or more)
10¢
2. Avoid the Monthly Service Charge, waive Foreign ATM Fees, and get ATM Surcharge Rebates by enrolling in and maintaining eStatements and with direct deposits totaling $500 or more in this account per statement cycle.
RELATIONSHIP CHECKING
Monthly Service Charge3 $25
Combined Average Monthly Balance (previous month) in Nantucket Bank Consumer Deposit and Loan Accounts to Avoid Monthly Service Charge3 $25,000
Minimum Opening Deposit $25
ATM Surcharge Rebate3 Unlimited
Free ATMs at thousands of SUM Program ATMs Nationwide3
3. Avoid the Monthly Service Charge and get surcharge free ATM access by meeting Combined Average Monthly Balance requirements.
COMPANION CHECKING
(Business Checking Account Required)
Monthly Service Charge4 $15
Combined Average Monthly Balance (previous month) in Nantucket Bank Consumer & Business Deposit (excluding IOLTAs) and/or Non-Business Loan Accounts to Avoid Monthly Service Charge4 $10,000
Minimum Opening Deposit $25
ATM Surcharge Rebate4 Unlimited
Free ATMs at thousands of SUM Program ATMs Nationwide
4. Avoid the Monthly Service Charge and get surcharge free ATM access by meeting Combined Average Monthly Balance requirements.

 

SAVINGS ACCOUNTS

PASSBOOK & STATEMENT SAVINGS
Monthly Service Charge $0
Minimum Opening Deposit $25
ULTIMATE SAVINGS
Ultimate Checking or Relationship Checking Account Required
Monthly Service Charge $0
Minimum Opening Deposit $25
MONEY MARKET
Monthly Service Charge $8
Combined Average Monthly Balance (previous month) in Nantucket Bank Consumer Deposit Accounts to Avoid Monthly Service Charge
OR
Minimum Daily Balance in Account to Avoid Monthly Service Charge
$5,000

 

 

$2,500

Minimum Opening Deposit $25

 

SERVICE FEES

ATM & MASTERCARD DEBIT CARDS FEE
Nantucket Bank ATM Fee $0
SUM ATM Fee $0
Foreign (non–Nantucket Bank operated) ATM Fee5 $2
Card Replacement $5
Overnight Card Replacement $50
5. Nantucket Bank may charge a foreign ATM fee for certain types of accounts when you use a non-Nantucket Bank or non-Blue Hills Bank operated ATM. This fee is waived for account holders with FREE CHECKING who enroll in and maintain eStatements, and for account holders with DEBIT REWARDS CHECKING who meet account requirements. There is no foreign ATM fee for RELATIONSHIP CHECKING accounts. See your Nantucket Bank Account Agreement for details regarding your specific account.
Surcharges are fees charged by owners or operators of ATMs that are non-Nantucket Bank or non-Blue Hills Bank operated ATMs. This fee is waived at SUM Program ATMs.
CHECKS FEE
Money Order – for amount up to $1,0006 $3
Official Check – for amount over $1,0006 $6
Personal Check Order Varies
6. This fee is waived for customers who open and maintain a RELATIONSHIP CHECKING account.
COLLECTION ITEMS FEE
Collections (per item) — domestic $10
Collections (per item) — international $20
Applicable exchange fees may apply.
CONSUMER LOANS FEE
Partial Release Fee $175
Subordination $250
Trust Review $175
INSUFFICIENT FUNDS (NSF)/OVERDRAFT FEE
Overdraft/NSF Charge7, 8 $33
Charge to Return Check — unpaid item7, 8 $33
SavingsNet Overdraft Transfer $5
Consecutive Overdraft Fee
(one time, after 7 business days)
$30
7. Applies to uncollected or insufficient funds for a check, debit card transaction, ACH or bill payment. Charge is $5 for 18/65.
ONLINE & MOBILE BANKING FEE
Account to Account External
Transfer – outgoing
$2
Account to Account External
Transfer – incoming
$0
Bill Payment – Standard Payment $0
Bill Payment — Same Day Payment
(Electronic, available until 1pm EST)
$9.95
Bill Payment — Next Day Payment
(Paper, available until 4pm EST)
$14.95
Popmoney — Send Payment $0
Popmoney — Send Payment Next Day $0
RESEARCH FEE
Research Fee
(per hour; $25 minimum charge)
$25
Copy of Check9 $4
Copy of Online Bill Pay Check $5
Copy of Account History (per page) $1
Statement Copy $5
9. Massachusetts state law provides up to 25 copies of checks (front and back) free of charge, per calendar year.
RETIREMENT PLAN FEE
Outgoing Transferred Retirement Plan $25
Retirement Plan Fee $10
RETURNED DEPOSIT ITEMS FEE
Deposit Item Returned Fee8 $7
SAFE DEPOSIT BOXES (Where Available) FEE
Safe Deposit Box Rental Fees vary by size and location. Please inquire at a branch, or by calling 508.228.0580.
Lost Key $20
STOP PAYMENTS FEE
Stop Payment Charge6
(Includes checks, ACH, and bill payments)
$25
Official Check Stop Payment Fee $25
Money Order Stop Payment Fee $25
WIRE TRANSFERS FEE
Incoming Wire Transfer Fee $12
Outgoing Wire Transfer Fee
(domestic wire)
$25
Outgoing Wire Transfer Fee
(international wire)
$50
OTHER FEE
Balance Verification Letter $5
Early Account Closing
(within 90 Days)
$25
Escheatment $50
Fax — Outgoing $3
Inactive Account Fee10 $2
Levy Fee $50
Lost Passbook8 $10
Non-Customer Check Cashing11  $8
Signature Guarantee (per stamp) $10
8. Chapter 234 of the Acts of 2010 limits the amount of certain charges for persons aged 18 and under or 65 and over. Please consult with a bank representative to determine if you are eligible.

10. Checking accounts without transaction activity for 12 months or greater. This fee applies only to accounts with balances of $500 or less. The fee will be charged per statement cycle.

11. A per check fee will be imposed for all non-customers cashing checks payable through Nantucket Bank greater than $10,000.