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#1615394 - 10/13/11 05:19 PM eft fee disclosure
pchandler Offline
Junior Member
Joined: Mar 2004
Posts: 37
We have included in our EFT agreement and disclosure an explanation of Electronic check conversion. I understand we must disclose fees, but must we include a "returned electronic check conversion fee", which is basically a returned check/item fee, in the EFT agreement?

We have that fee listed in our Truth In Savings disclosure.

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Operations Compliance
#1615707 - 10/13/11 10:22 PM Re: eft fee disclosure pchandler
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 79,926
Galveston, TX
That is normally not referring to your fee, it is the fee that the merchant may charge.
The opinions expressed here should not be construed to be those of my employer:

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