Schedule of Fees

Service charges and account related fees are current as of April 1, 2014 and subject to change.

Account and Minimum Balance Requirement Information

Type of Account Fees/Service Charges
Free & Easy Business Checking If you should go above 500 checks or 500 deposited items, there is only a 50¢ per check or deposited item charge.
Business Checking Earnings credit can be used to offset the $10 monthly service charge, as well as a 16¢ per check fee, 75¢ per deposit fee and 10¢ per deposited item fee.
Business Interest Checking Monthly service charge is $6 plus 25¢ for each check processed during the statement period waived if you keep a minimum balance of $1,000 in your account during the statement period. Otherwise, there are no monthly service charges or per check fees.
Business Statement Savings Account $3.00 monthly service charge waived if you keep a minimum balance of $200 in your account during the statement period, there are no monthly service charges. This account is free for Free & Easy Business Checking customers.
Business Money Market Account $5.00 monthly service charge waived if you keep a minimum balance of $5,000 in your account during the statement period, there are no monthly service charges.

Account Related Fees

Service Fees/Related Charges
Checks drawn on insufficient/uncollected funds:
Returned $25.00
Paid to an automatic overdraft limit $30.00
Overdraft fees caused by insufficient funds will be waived for check and ACH transactions that overdraw the account by less than $10.
Deposited item returned $5.00
Deposit overdraft transfer $5.00
ACH/check stop payment $25.00
Paid check or statement photocopy (per check or page) $5.00
Instant statement $5.00
Research/reconciliation (per hour, $25 minimum) $25.00
Early closeout of savings, club and money market accounts (within 90 days) $10.00
Money order stop payment $25.00
Lien/levy processing $30.00
ATM/Debit Card replacement $10.00
ATM transactions at network locations $1.25*
Sustained overdraft fee. Applied daily after the 5th calendar day of overdraft status $3.00/day

Free Services

Service Fees/Related Charges
United Bank Visa® Debit Card Free
BusinessBank Free
Automatic Direct Deposit Free
Automated Funds Transfer Free
Bank by Mail Free
Notary Public Free
Medallion Signature Guarantee Free

Other Services

Service Fees/Related Charges
Travelers Checks (percent of sale) 1.5%
Canadian check $10.00
Foreign Currency Exchange $10.00
Money order $5.00
Bank/official check $5.00
Certified check $10.00
Foreign wire transfers:
– incoming $15.00
– outgoing $35.00
Wire transfers:
– incoming $10.00
– outgoing $20.00
Massachusetts Safe Deposit Rental
Annual Fee
Box Size:
3 x 5 x 21 $40.00
5 x 5 x 21 $50.00
3 x 10 x 21 $60.00
5 x 10 x 21 $85.00
10 x 10 x 21 $140.00
Rental Late Fee:
After 30 days $5.00
After 60 days $5.00
After 90 days $5.00
Connecticut Safe Deposit Rental
Annual Fee
Box Size:
2 x 5 x 21 $35.00
3 x 5 x 21 $40.00
4 x 5 x 21 $45.00
2 x 12 x 21 $45.00
5 x 5 x 21 $50.00
2 x 10 x 21 $55.00
3 x 10 x 21 $60.00
5 x 6 x 21 $60.00
5 x 10 x 21 $85.00
5 x 12 x 21 $125.00
10 x 10 x 21 $140.00
Rental Late Fee:
After 30 days $5.00
After 60 days $5.00
After 90 days $5.00

Reduced charges may apply for account holders 18 years of age or younger or 65 years of age or over. Please notify the Bank if you are one of these age groups.

*Free for Life Checking, Ideal 50 Checking, and Advantage for Life Checking customers will not be charged a fee by United Bank for transactions made with their United Bank ATM card. Other banks may charge a fee when non-customers use their ATMs.

Information About Overdrafts

To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them according to the dollar amount. We pay the smallest items first. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. Our payment policy minimizes the number of items that may result in an overdraft or NSF fee. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed above. The current maximum overdraft amount is $500; we may, however, at our discretion, pay a greater or lesser amount.

Please tell us if you do not wish us to pay items that create overdrafts. If you decide you do not want overdrafts paid, all items that would otherwise create overdrafts will be returned. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.