Extra incentive to buy: Are you in the market for a reliable car without the “new” price tag? Search Enterprise’s plentiful stock of certified used automobiles that fit every need and lifestyle. Once you find the one, finance your Enterprise vehicle through Arsenal, and we'll make your first payment for you (up to $300). It’s that simple.
Proud to be, proud to serve: In moments like these, Arsenal Credit Union is truly honored to be a part of the St. Louis community. Recently, Small Business Monthly polled its readers to determine which local credit unions are the best. For the seventh year in a row, Arsenal made the short list! Thanks to those who nominated us; we sincerely appreciate your continued support and use of our financial products and services, whether you are a small business owner or a consumer. The list will be published in the March issue of the magazine.
A look at bank checking account fees: The average overdraft fee that the 10 largest banks in the country charge customers for each transaction resulting in a negative account balance is $35.20, according to a mid-2014 banking analysis by MyBankTracker.com. By contrast, the national average is $32.74; in St. Louis, the average fee is $33.90, per BankRate’s 2014 Checking Account Fees Survey.
Notice of change in checking account terms at Arsenal: Effective March 1, 2015, our Non-Sufficient Funds (NSF) fee will be $28. If you overdraft your checking account and are set up for our Courtesy Pay program, the fee will be as follows assuming that we honor the transaction: $5 if the transaction amount is $5 or less; $10 if the transaction amount is between $5.01 and $10.00; for all other amounts, the Courtesy Pay fee will be $28. To our knowledge, we are the only St. Louis-based financial institution that charges reduced amounts for overdrafts caused by small transactions. If you monitor your accounts, track your payments and plan ahead to ensure that you don’t exceed your available balance, these fees will have no impact on you. One of the best ways to stay on top of your accounts at Arsenal is through our free online banking service, which is available 24/7. You can set up to receive alerts from us via email or text to remind you when funds drop below a certain amount. To sign up for home banking, call 314.962.6363, option 6, then 2.
"Extended” overdraft fees? Yes, some banks charge their customers a fee on top of the original fee if they don’t bring their checking account back to a positive balance quick enough, such as within a five-day timeframe. At Arsenal, we do not do this. In any case, you should make it your priority to repay the overdraft amount, including the fee, as soon as possible by depositing or transferring the necessary funds into your checking account.