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#1615394 - 10/13/11 05:19 PM eft fee disclosure
pchandler Offline
Junior Member
Joined: Mar 2004
Posts: 37
ky
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
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rlcarey
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.
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