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Charge MMA Per Item Fee?

Question: 
Can we charge a Money Market account a per item fee for each item that exceeds the allowable 6 withdrawals per month?
Answer: 

by Randy Carey:

You can charge them for each and every debit if you want too, as long as it is disclosed properly.

Answer: 

by Ken Golliher:

Certainly. Make it high enough that they will notice.

Give advance notice of the change as required by Regulation DD.

First published on 06/17/2018

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