Consumer Fees

Downloadable Personal Schedule of Fees Guide

The latest personal schedule of fees in a downloadable PDF.

Consumer Fees (PDF)

Monthly Maintenance

True Checking

$0

Direct Checking

Maintain a $1,000 minimum daily balance or $10,000 in related deposit balances1 to avoid the monthly maintenance charge.

$10

Signature Checking

Maintain a $5,000 minimum daily balance or $25,000 in related deposit balances1 to avoid the monthly maintenance charge.

$14.95

Monarch Checking

$0

Rise Checking

Monthly maintenance charge required.

$7

Benchmark Savings

$0

Money Market

Maintain a $2,500 minimum daily balance or $10,000 in related deposit balances1 to avoid the monthly maintenance charge.

$10

Apex Money Market

Requires a Monarch Checking account.

$0

Even when no monthly maintenance charge applies, other transaction and service fees may apply, including insufficient funds (NSF) fees (NSF fees will not be charged to a Rise Checking account). Terms and conditions applicable. See disclosure for more information.

1Eligible accounts for combined balance qualifier: New Valley Bank & Trust personal deposit accounts (checking, savings, money market, CDs, IRAs).

Account Opening and Usage

Inactive Account

Applies after your account becomes inactive after 12 months.

$10 per account

Early Account Closure

Applies when your account is closed within 90 calendar days of opening.

$25 per account

Escheatment

$50 per escheated account

Foreign Check Collection

$15 per item

Foreign Check Collection

$10 per item

IRA Trustee Transfer

$25 per transfer

Levy Processing

$50 per levy

Money Order

$3 per check

Official Bank Check

$5 per check

Account Research

$25 per hour

Debit Card Replacement

$10.00 per card replacement (normally up to 7 to 10 business days delivery)
$75.00 for rush delivery (normally 2 business days through UPS; no weekend delivery)

$10 per card

Returned Deposited Item

$7 per presentment

Statement/Check Copy

$5 per copy

Returned Mail

$5.00 each time mail is returned undeliverable.

$5 per instance

Stop Payment

$30 per item

Temporary Checks

$3 per page

Wire Transfer Fees

$15.00 for each incoming domestic wire transfer
$25.00 for each outgoing domestic wire transfer
$20.00 for each incoming foreign wire transfer
$40.00 for each outgoing foreign wire transfer

$15 - $40

Paper Statement Fee

Paper statement fee applies only to the Monarch Checking and Apex Money Market products after the first two statement cycles if e-statements are not elected.

$3 per month

Even when no transaction fee applies, other fees may apply, including insufficient funds (NSF) fees (NSF fees will not be charged to a Rise Checking Account). Other ATM owners and operators may charge you a fee to use their ATMs. Some of the fees on this page may not apply to certain checking account types.

Standard Overdraft Practices

Please refer to the New Valley Bank & Trust Deposit Account Agreement for full details.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions (ACH, electronic transfers, telephone transfers, and in person withdrawals) made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions:

  • ATM withdrawals
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What if I want NVB&T to authorize and pay overdrafts on my ATM withdrawals and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please
call 1-413-739-BANK (2265), stop by a New Valley Bank & Trust branch or write to us at:

New Valley Bank & Trust
Attn: Operations
One Monarch Place, Suite 100 Unit 1
Springfield, MA 01144

Can I change my mind?

Yes. You or any joint account owner can change your decision at any time. Simply call 1-413-739-BANK (2265) or stop by a New Valley Bank & Trust branch or write to us at the address above to revoke your request that we authorize and pay overdrafts on ATM withdrawals and everyday debit card transactions or to ask us to authorize and pay these overdrafts.

Fees for Non-Sufficient Funds

Please refer to the New Valley Bank & Trust Deposit Account Agreement for full details.

NOTE: The election for ATM withdrawals and everyday debit card transactions does not apply to Rise Checking Accounts. NSF fees will not be charged to a Rise Checking account.

Overdraft Protection Fee

$5.00 for each day there is a transfer from another account to cover one or more overdrafts in a checking account. This fee is charged to the account that the funds are transferred from.

Insufficient Funds (NSF) Fee

When an item is returned because there are not enough funds available in the account to pay the item or when an item is paid although funds are not available in the account. Items represented for payment will be charged an NSF fee each time they are returned or paid as overdrafts.

$34.00 for each presentment of an item for payment that we return due to insufficient funds or for each presentment of an overdraft item we pay, unless one of the following exceptions apply:

  • The amount of the item is less than $10.00;
  • Your account has already been charged a total of 4 NSF fees ($136) for items processed for payment on that business day

$5.00 for each item we return due to insufficient funds or for each overdraft item we pay on accounts for customer ages 18 or younger or 65 and older in our 18/65 checking product, unless one of the following exceptions apply:

  • The amount of the item is less than $10.00;
  • Your account has already been charged a total of 4 NSF fees ($20) for items processed for payment on that business day

Funds Availability

Please refer to the New Valley Bank & Trust Funds Availability Policy Disclosure for full details.

Same Business Day Availability

Funds from the following deposits are available on the same business day as we receive the transfer or deposit:

  • Cash
  • Electronic direct deposit
  • Wire transfers
  • Checks drawn on New Valley Bank & Trust

Next Business Day Availability

Funds from the following deposits are available on the next business day after receiving the transfer or deposit:

  • U.S. Treasury checks and U.S. Postal Service money orders
  • Federal Reserve Bank or Federal Home Loan Bank checks
  • State or Local Government checks
  • Cashier’s, Certified, or Teller’s checks
  • Other domestic checks

Business Days

Our business days are Monday through Friday, excluding federal holidays. If a deposit is made before closing on a business day that we are open, we will consider that day to be the day of deposit. For deposits made after closing or on a non-business day, at ATMS after 7:00 PM EST, and by mobile deposit or remote deposit capture after 4:00 PM EST, we will consider the deposit received on the next business day we are open.

Longer Holds

Funds availability for other check deposits may vary. Special rules apply to new accounts. Longer holds may apply in certain circumstances. See the New Valley Bank & Trust Funds Availability Disclosure for additional details.

Posting Order

Transactions may not be posted to your account in the order in which they occurred. The order in which transactions are received by New Valley Bank & Trust and processed can affect the total amount of insufficient funds fees incurred. We post Debit Items in a particular order within groups based on the type of Debit Item. Within each group, we apply a unique methodology based on the type of Debit Item. The following chart details the types of transactions in each group and the order used for the Debit Items within each group.

Fees can post to your account in several ways. Most fees post at the end of batch processing, but some post immediately after the transaction to which they relate (e.g., wire transfers, NSF fees, and overdraft transfers from a linked deposit account post immediately after the transaction to which the fee relates). Most fees post on the same day they are incurred.

Group 1: Posted First

Type of Debit Item

ATM and Debit Card transactions, including purchases
Branch Transactions performed over the counter at a New Valley Bank Branch, including withdrawals
Checks Cashed at a New Valley Bank Branch
Transfers Includes transfers between New Valley Bank deposit accounts and payments to New Valley Bank loans
Wire Transfers

How Order is Determined

Chronologically based on the date and time that our records indicate the transaction was initiated or authorized.

If two transactions have the same date and time, we will post the smaller dollar amount transaction first. If we do not have a date/time for transactions, we will post these transactions in ascending dollar amount (smallest to largest) after we post transactions with date/time information.

Group 2: Posted Second

Type of Debit Item

ACH Debits and other miscellaneous debits

How Order is Determined

Ascending by dollar amount (smallest to largest)

Group 3: Posted Last

Type of Debit Item

All Checks

How Order is Determined

Ascending by dollar amount (smallest to largest)