Inactivity Fee Frequently Asked Questions.
First Tech may assess up to a $5 monthly fee for membership savings accounts where the member’s relationship has been inactive for 6 months or more.
It’s easy to avoid this fee. You can keep your membership active by performing transactions on your existing accounts.
Please note the inactivity fee will not be charged if any of the following conditions are met:
- You have initiated transactional activity in the past 6 months on any account in which you are an owner
- You currently have any open product other than checking or savings
- Your relationship deposit balances exceed $500
- You are currently a minor (under the age of 18)
Transactional activity is defined as any transaction you initiate on your accounts. This includes all deposits, withdrawals, transfers, payments, and advances.
Transactional activity that does not count would be maintenance activity including, but not limited to, dividends and service fee charges. Additionally, contact outside of transactional activity, such as logging into online banking, updating contact information, or visiting or calling an Experience Center, does not count as transactional activity for the purposes of the Inactivity Fee.
Examples of open products that are considered are Share Certificates, Individual Retirement Accounts, Health Savings Accounts, Loans (mortgage, personal, automobile, line of credit, credit card, purchased loan), and insurance or investment accounts.