dormant membership policy
How to Stay an Active Member
Novation Financial’s Dormant Membership Policy deems a membership dormant when there has not been any member activity for 24 months. If an account is flagged as dormant, a monthly $5 Dormant Membership Fee will be applied. To avoid this fee, you must be an active Novation Financial member. Active members include those that conduct business regularly by:
Logging in to eBranch Online Banking or Mobile Banking at least once a month
Depositing funds into a Novation Financial account
Transferring funds between your Novation Financial accounts (e.g., Savings and Checking)
Using your Novation Financial Visa® debit or credit card
Or have the following solutions:
Certificate or High Yield Savings account
Any Novation Financial loan, including Mortgages and Student Loans, in good standing
Novation Wealth Management client (formerly Novation Investment Services)