Tips for Current A/C Users
Your current account, debit card and overdraft facility,
where applicable, provide convenient methods of making
and receiving day-to-day payments.
Arrange for your salary, pension, welfare
payments or other income to be paid into your
current account to ensure funds are always
available.
Make secure cashless payments using your
debit card, online and mobile app.
Get Cashback of up to €100 with purchases at
participating retailers and avoid ATM trans-
action fees.
For quick secure purchases, use contactless
payments e.g. Apple Pay, Google Pay, Fit Bit
Pay or your debit card.
Save time and set up direct debits for regular
bills. Schedule of
Fees & Charges
Access and download account statements
online and avoid the need for duplicates or paper
copies.
Avoid referral item fees and unpaid fees by: July 2022
(a) maintaining sufficient funds in your account or
(b)Applying for an overdraft facility.
Plan ahead, know your payment dates and
check your account balance regularly.
Be aware that cheques and other paper
lodgements can take several working days
before funds are available for withdrawal and
similarly authorised transactions may remain
pending before reducing your actual account
balance.
Missed borrowing repayments made from your
current account and regularly operating outside
the terms of an existing overdraft facility may
affect your credit rating and access to future Waterford Credit Union Limited
credit. 1 Parnell Street, Waterford
Tel: 051 861 600
Email:
[email protected] Web: www.waterfordcu.ie
Mastercard is a registered trademark and the circles design is a trademark of
Mastercard International Incorporated. This card is issued by Transact
Payments Malta Limited pursuant to licence by Mastercard International.
Transact Payments Malta Limited is duly authorised and regulated by the
Malta Financial Services Authority as a Financial Institution under the
Financial Institution Act 1994. Registration number C 91879. Waterford Credit Union Limited is regulated by the Central Bank of Ireland
Account Maintenance Fee Service Charges Overdraft Fees & Interest
In keeping with the Credit Union’s ethos of equity, Service charges relate to the operation of your current An overdraft facility is available to eligible account-
fairness and pricing transparency a fixed monthly Account account and where applicable, are charged to your holders aged 18 years and over. Fees apply to set up
Maintenance Fee will apply to your current account with account as they occur, usually on the day you availed of or increase an overdraft facility and for the annual
the Credit Union. the service. Service charges will be detailed as separate renewal of an existing overdraft facility.
transactions on your account statement and online.
Account Maintenance Fee €4.00 Overdraft Facility Set-up / Increase €25.00
In-Branch Credit Transfer FREE Overdraft Facility Renewal €25.00
Direct Debit Set-up FREE
Direct Debit Cancellation FREE Debit interest is payable on any overdrawn balance on
Account Transaction Fees Standing Order Set-up
Standing Order Amendment
FREE
FREE
your current account. The rate of interest is stated on
your Overdraft Letter of Sanction and is a variable rate
Standing Order Cancellation FREE that is subject to change. Debit interest is currently
Account Transaction Fees are covered by the monthly
Cheque Issued by Credit Union FREE 12.00% per annum and is charged to your account
Account Maintenance Fee.
Stop Payment Instruction FREE quarterly. In addition to debit interest, surcharge
interest is currently not charged to accounts with
ATM Withdrawal ^ FREE / €0.50 unauthorised overdrawn balances.
Debit Card Purchase FREE eStatements for your current account are available online
and FREE. eStatements may be requested no more If you do not wish to retain an existing overdraft facility,
Debit Card Contactless FREE frequently than monthly. Regular postal statements incur you can avoid the annual renewal fee by cancelling the
In-Branch Automated FREE a charge. facility before the renewal date. Where fees are
In-Branch Staff Assisted FREE incurred, a 14 day cooling off period applies where a
Cheque Processing FREE Quarterly eStatement FREE fee will be refunded, if the overdraft facility is cancelled.
Direct Debit FREE Quarterly Postal Statement €2.50
Standing Order FREE Duplicate Statement (per statement) FREE
Online / Mobile FREE Duplicate Interest Certificate FREE Quarterly Charging Periods
Telephone FREE Cheque Copy Request (per item) FREE
Auditors Report FREE Account maintenance and transaction fees, where
^ Accountholders have 5 FREE ATM withdrawals per
applicable, are calculated on a quarterly basis and
month, after which a fee of €0.50 applies to the sixth and
Where an account has insufficient funds to meet a payment charged to your account in respect of the previous three
subsequent ATM withdrawals per month.
request, the Credit Union may allow unauthorised borrowing month period. Quarterly charging periods are scheduled
(i.e. referral item) or return the request unpaid. as follows (dates are inclusive):
Debit Card Charges Referral Items €5.00
Quarter 1
Quarter 2
1 January to 31 March
1 April to 30 June
(Charge per item up to €15.00 maximum per day) Quarter 3 1 July to 30 September
New and replacement Mastercard® debit cards and PINs Cheques Lodged / Returned Unpaid €10.00 Quarter 4 1 October to 31 December
are provided free of charge. Mastercard is a registered Unpaid Direct Debit €10.00 Fees, charges and overdraft interest, where applicable
trademark of Mastercard International Incorporated. Unpaid Standing Order €10.00 will be charged to your account on the 28th day of the
New Card FREE month following the charging period or the next
Renewed Card (on expiry) FREE Business Day. Details of fees, charges and overdraft
interest to be charged to your account will be confirmed
Replacement Lost / Stolen Card FREE Currency Conversion Fees to you in a Fee Advice Statement at least 14 days
Replacement / Damaged Card FREE before they are charged to your account.
Replacement PIN FREE
Foreign currency conversion fees will apply as follows
PIN Reminder FREE when you use your debit card in a non-Euro currency.
Debit cards remain the property of the card issuer.
Concessions (where applicable)
Non-Euro Debit Card Purchase 2.0%
Cards are issued by Transact Payments Malta Limited (Up to a maximum of €12.00 per transaction)
pursuant to licence by Mastercard International. The Students may be eligible to apply for a fee concession if
card issuer reserves the right not to issue a new or Non-Euro ATM Withdrawal 3.5% they are pursuing a verified full-time (21+ hours per
replacement card. (Minimum of €3.00, up to a maximum of €12.00 per week) course of study for one or more years.
transaction) Senior members aged 66 years and over may receive a
fee concession where there is a verified date of birth on
Government Charges Mastercard foreign exchange rates will apply (see
www.mastercard.com). their account.
Where applicable, fee concessions may include a
The Credit Union is legally obliged to apply Government reduction in any of the monthly account maintenance
Stamp Duty where you use your debit card. You will be Interest, Fees and Charges fee, account transaction fees, debit card charges and
charged €0.12 for each cash withdrawal made from an certain service charges. Approved fee concessions are
ATM in the Republic of Ireland, capped at €2.50 where We may change our overdraft interest rates at any time applied in the first full quarter following an
the card has been used for ATM withdrawals only and and will let you know by putting a notice in our offices, accountholders application or eligibility. In the case of a
€5.00 where the card has been used at ATM and point of on our website and writing to affected accountholders. joint account, both joint accountholders must be eligible
sale. Duty is charged to your account annually in January We will give you at least 60 days’ notice of any increase for the fee concession for the fee concession to apply to
for the preceding year. in our fees and charges. the joint account.
