Reading our chart - Navy News | News from Afghanistan & Iraq - Navy Times

Reading our chart

Mobile banking allows customers to conduct transactions using mobile devices.

Shared branching allows members to conduct transactions such as cashing checks at other credit union branches.

An ATM fee is charged for using ATMs that are owned by the member’s credit union or are in a participating network of financial institutions.

A foreign ATM fee is charged by the member’s credit union for using an ATM owned by another financial institution outside the credit union’s network. This is in addition to any fee charged by the other financial institution.

Monthly checking account fees are charged on certain accounts, sometimes when the balance falls below a certain threshold.

Low balance alerts may be sent electronically.

A bounced check fee is charged when a check is returned unpaid because there wasn’t enough money in your account.

An overdraft fee is charged when a check, debit card or other transaction is paid even when there is not enough money in the account, thus creating an overdraft or negative balance. Most credit unions have alternatives, such as a link to a savings account or line of credit.

Maximum number of overdraft fees per day: If a number of transactions are paid in one day that result in a negative balance, some financial institutions limit the number of overdraft fees they charge. Some don’t.

Car loan interest rates vary depending on the creditworthiness of the borrower, the length of the loan and the price of the car.

Credit card interest rates vary depending on factors such as the creditworthiness of the borrower.

Credit card late fees may be charged if the payment is even one day late.

30-year mortgage rates are the annual percentage rate (APR) of a 30-year, fixed-rate conventional, conforming loan. A conforming loan satisfies the requirements of the federal regulator, and limits are usually $417,000 for mortgages. With a fixed rate, the interest rate stays the same for 30 years. Interest rates vary based on creditworthiness and other factors and can change daily; these are based on credit unions’ websites as of March 14.