I have a question related to this fee. We were absorbing it before on our debit cards, but will now be passing it along to customers. We were going to include the fee language on our Reg. E dislosure and give notice to our customers of this change. Reg. E requires 21 day notice. Do we also have to list this on our TISA fee disclosure and actually give 30 day notice of the change? In looking at the fees that DD requires you list, I'm just not positive it fits into any of the types of fees DD requires you to disclose.
What I was told is that this fee is .8% for all foreign (international) transactions, and 1% if there's a currency conversion involved.
In looking at the disclosures at some other banks, I'm seeing it on their Reg E disclosure but not in their normal account service fee disclosure.
Thank you for your input!
The opinions expressed are mine and do not necessarily reflect those of my employer