Service Credit Union has rolled out an improved ATM surcharge and Visa ISA fee refund program benefiting many more account holders, essentially making all ATMs worldwide withdrawals free. All that is needed is to benefit is to maintain a positive balance in all Service CU accounts in any amount and send a direct deposit of total net pay to Service Credit Union.
With this new feature, members can save more than $800 annually in Visa ISA fees, ATM surcharges and fees, totaling $2.5 million annually for the entire Service Credit Union membership.
Service Credit Union will rebate Visa ISA (International Service Assessment) fees on debit and credit cards combined up to $20 per month. Visa assess a 1% ISA fee on the face value of any foreign transaction, including ATM withdraws and purchased of goods and services worldwide. Also, any ATM surcharge from other financial institutions will be refunded up to a total of $20 a month. Service Credit Union also increased the number of free withdrawals from non-SCU ATMs from 10 to 20 per month saving members up to an additional $30 monthly.
“Anticipating and serving the financial needs of our member remains at the core of each of our products and services,” says Gordon Simmons, President/CEO of Service Credit Union. “It is obvious that consumers do not want to pay fees. The ISA rebate is a way to help save money for our mobile members who make purchases in foreign countries. Our mobile members and their families face unique financial challenges and this is one way of their credit union assisting them.”
Members do not need to provide any ISA or ATM receipts or paperwork, rebates are applied automatically. Refunds are applied to the member’s account the first business day of the following month.
“We take pride in giving back to our membership, not just with lower loan rates and higher deposit rates, but with free Visa ISAs, surcharge-free ATMs and free ATMs,” added Simmons.
Service Credit Union is a full service financial institution, offering a wide range of financial products to its members. With 38 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $1.9 billion in assets, Service Credit Union has 21 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.
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