Thread Options Tools
#1529787 - 03/31/11 06:34 PM Wire transfer fee
slrmm530 Offline
Junior Member
Joined: Jun 2006
Posts: 26
We currently do not charge a fee for incoming wire transfers, but may want to start. What kind of notice do we have to give our members?

Return to Top
General Discussion
#1529858 - 03/31/11 07:31 PM Re: Wire transfer fee slrmm530
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,593
Cape Cod
It's not a fee that has to be disclosed under TISA. I'd check to see what your standard notice practice is at the CU regarding other non-TISA matters.

My guess is that a small minority of your membership would be affected by a wire transfer fee. You could try putting a short message on statements, rather than go to the expense of mailing a notice or using statement stuffers.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top