Effective October 1st, 2011, the Fed will begin enforcing debit interchange rules that cap bank fees at $0.21 and 0.05% (5bp). In addition to lower fees on debit transactions, the amendment also enforces the right to choose at least two unaffiliated PIN debit networks (“the ATM network”) and disallows efforts to restrict choice.
Your debit interchange fees are going down 40% in October 2011. As signature debit cards are sometimes the most popular payment method this could mean big savings.
If you like the sound of that, what if you could start saving 40% on debit now?
We need to talk.
That’s right. For new clients with qualified businesses, we will give you the new lower debit fees now, three or four months early. That’s right.
Request to have your fees lowered now! Contact Us online or call 800-951-9533.