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#1355778 - 03/11/10 03:52 PM Free Accounts
Banker Chick Offline
Junior Member
Joined: Jul 2006
Posts: 37
Would a statement fee be considered a maintenance or activity fee? The commentary states that transaction and service fees that are reasonably expected on a regular bases are considered fees.... Seems there could be some room for interpretation. Any opinions?

I am looking to 230.8 on this...
Opinions expressed are my own and do not necessarily reflect those of my employer.

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#1355811 - 03/11/10 04:16 PM Re: Free Accounts Banker Chick
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,792
Cape Cod
Well if a statement fee doesn't fall into that description, I don't know what would. If you charge a statement fee, the account isn't free.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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