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#1723130 - 07/25/12 03:40 PM Canadian check fee
NotDoneYet Offline
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NotDoneYet
Joined: Jul 2010
Posts: 482
PA
Under Reg DD, would the fee for taking a Canadian check for deposit be considered a "fee for special services" and therefore need to be listed on the Schedule of Fees? Or can it be considered an "incidental fee" and not have to be listed?
I think I already know the answer, but my brain is dead tired from looking at 1000+ pages of proposed rules from the CFPB.
Thanks!

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#1723135 - 07/25/12 03:42 PM Re: Canadian check fee NotDoneYet
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 77,247
Galveston, TX
It would need to be listed. Most banks, if they accept Canadian checks at all, take them as collection items which would by-pass Reg DD consideration.
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