Fees and Charges
Eligible BDCU Transactions
A number of our memberships and special accounts can receive unlimited free eligible BDCU transactions. Here is what they are:
| Eligible BDCU Transactions |
|---|
| rediATM transactions |
| Advice Centre Cash and Cheque Deposits |
| Member Cheque Withdrawals |
| Direct Debits |
| EFTPOS |
| Internet Banking |
| Phone Banking |
| Visa Debit transactions |
Personal & Business Fees and Charges
Personal and Business Memberships have their own fees and charges. With the right information and advice, it is possible to operate a low-fee or no-fee account with BDCU.
The credit union's General Fees and Charges, Business and Personal Fees and Charges are located here.
Loan Fees and Charges
| Establishment / Additional Advance Fee | Other Fees | |
| Mortgage Secured Loan | $650 | $8 monthly loan fee |
| Easy Access Loan | $750 | $80 annual review fee |
| Quick Start Home Loan | $650 | $8 monthly loan fee |
| Personal Loan Unsecured | $200 | $8 monthly loan fee |
| Personal Loan Secured | $200 | $8 monthly loan fee |
| Personal Overdraft | $200 | $80 annual review fee |
| Establishment Fee (mortgage loans) includes standard mortgage preparation costs ($220) and standard valuation costs ($200). Additional solicitors and valuers costs apply for non-standard properties. | ||
| Business Loans | 0.5% of amount approved or $500, whichever is the greater. Does not include solicitors and standard valuation fees. | $8 monthly loan fee |
| Business Overdrafts | 0.5% of amount approved or $500, whichever is the greater. Does not include solicitors and standard valuation fees. | $200 annual review fee |
General Loan Fees
| Consent to Subdivision Fee | $150 | Second Mortgage Consent Fee | $100 |
|
Production of Title Deed Payable when BDCU is asked to produce a Certificate of Title at the Land Titles Office on our members' behalf. |
$100 |
Substitution of Security Fee
|
50% of applicable loan establishment fee. When BDCU is asked to substitute an existing security for a new security on your loan. |
|
Discharge of Mortgage Administration Fee Payable to BDCU on request to discharge mortgage. |
$250 | Switching Fee between nominated loan types | Equivalent to Establishment Fee applicable to the new loan type. |
| Fixed Term Break Processing Cost | Formula available on request | ||
|
General Consent Fee Payable to BDCU for consent to any matter relating to a loan or security other than a matter for which a specific fee is payable. |
$100 |
Performance Guarantee Establishment Fee Performance Guarantee Fee |
$250 1.5% p.a. charged quarterly on arrears. Minimum quarterly fee $50 |
| Loan Late Payment Fee | $25 |
Handling Fee |
$35 payable when documents require up-stamping |
| Default Notice Fee | $15 | ||
| Loan Arrears Letter | $15 | Third Party Costs Solicitors, valuers and agents fees, and Government charges including stamp duty, GST, registration, search, and any other fees we incur as applicable. |
At cost. |
|
Redraw Fee (only applies to Quick Start Home Loans) |
$50 |
Important Information: All fees and charges listed above ("the Described Fees") are subject to change. This information does not form part of the terms and conditions of any credit contract including mortgage, overdraft or line of credit between BDCU and any member to which the National Credit Code applies. Additional fees and charges may apply. Please refer to the applicable Personal or Business Fees and Charges brochure. Information effective 01 September 2010.
I want to...
Rates & Fees | Disclaimer | Help | Security | Privacy | Site Map