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#2259125 - 09/01/21 08:56 PM International Fees on Debit Cards
Grandkids R Great Offline
Junior Member
Joined: Apr 2018
Posts: 46
We are changing Debit Card Vendors and have found out that the bank is absorbing the fees for Debit Cards used internationally. We want to change this and have the customer absorb the fees. Do we need to disclosuse that anywhere? Or send them a notice?
Thanks

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eBanking / Technology
#2259128 - 09/01/21 09:01 PM Re: International Fees on Debit Cards Grandkids R Great
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 77,027
Galveston, TX
You cannot impose additional fees under Regulation E without a change in terms disclosure.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2259138 - 09/01/21 11:26 PM Re: International Fees on Debit Cards Grandkids R Great
CULady Offline
Gold Star
Joined: Sep 2007
Posts: 493
WA
When/If you move forward with that I would also advise you to think long and hard about how you disclose those international fees. While we understand that the fee is related to where the merchant is located, there have been recent lawsuits about a customer being charged an international fee while making the purchase in the United States.

For example...
https://topclassactions.com/lawsuit-settlements/money/fees/foreign-transaction-fee-on-credit-card+

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