Skip to content

Charging Fee for Paper Statements and Reg DD

I am considering charging customers a small fee for their paper statements. Since Regulation DD requires disclosures on periodic statements, does that prohibit me from charging a fee for the statements? Can I charge a fee for something that I am required to disclose?

Answer from Randy: Fees you can charge are regulated by State law.


Answer from Andy: I am aware of no federal prohibition in the banking regs or E-SIGN, so revert to Randy's reply above for that allowance. But if your question is "does the fee need to be disclosed in advance of it being charged," yes.

First published on 11/21/11

First published on 11/21/2011

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics