"http://www.w3.org/TR/html4/loose.dtd"> Michael W. Frerichs - Illinois State Treasurer
 
 
 
 
 

Setup Fees

  • POS Terminals purchased from an E-Pay processor (optional)

 

Credit Card Processing Fees

  • Passing fee model: Constituents paying by credit card are assessed a 2.35% service fee with a $1.00 minimum

  • Absorbing fee model: Participants are assessed interchange + 0.03% + $0.03 per credit card transaction

 

E-Check Processing Fees

  • Passing fee model: Constituents paying by e-check are assessed a $1.00 ($1.22 with Forte Verify) flat fee

  • Absorbing fee model: Participants are assessed $1.00 ($1.22 with Forte Verify) flat fee per e-check transaction

 

Custodial Bank Cost Structure

  • Account Maintenance Fee:

    • Option 1: $10 per month with direct debit

    • Option 2: $12 per month with invoice

  • Credits to the account: $0.10 per item

  • Earnings Credit Rate: 0.17% APY

  • Online Banking:

    • First User: Included in Account Maintenance Fee

    • Additional Users: $5.00 per month for each additional user

  • Insufficient Funds (NSF) Fee: $30.00 per item

    • A target balance of at least $1000 should be maintained to cover potential chargebacks and account debits to prevent NSF items.

 

 

 
   
I-Cash allows you to search the state's unclaimed property database for money or property that belongs to you.
College Savings offers ways to save and earn tax-free money with Illinois' 529 College Savings Program.
Ag Invest helps farmers offset the rising cost of farming and encourages green business development.
Money Market Fund allows local government entities to pool their investments to gain a higher rate of return for their residents.
Online bill paying gives people with busy schedules a quick and convenient way to pay government bills and fees.