We operate branches in the state of New Mexico and Iowa. Those states request that sales tax is remitted to the state for transaction fees. We are unsure if the Reg E disclosure needs to have the sales tax amount calulated out for the customer and disclosed on the disclosure or can we just generically say "New Mexico only: All fee subject to New Mexico gross receipt tax" and for IA "All fees subject to Iowa sales tax".

Example: Our Foreign ATM Transaction Fee is $2. Do we have put a total fee of $2.14 for NM and $2.12 for IA on our Reg E disclosure? Or can we just generically say that in those states the customer is subject to a sales tax?

Thank you for any input!

May I suggest that you should post your questions in the specific forum for e-banking? The "Ask a Banker" forum is designed for consumers to ask questions of bankers. I shall take the liberty in a moment of moving your post.