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It is 3%. Typically Visa or MasterCard charge 1% and then banks charge an additional 2%, thereby making it 3% on the whole.

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17y ago

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When a cheque is returned from the bank and is marked refer to drawer where is the transaction recorded?

When a cheque is returned from the bank marked "refer to drawer," the transaction is recorded as a debit in the accounts receivable or cash account, depending on the initial transaction. This indicates that the payment was not successfully processed and the funds are not available. Additionally, it may also be recorded as an expense or fee if the bank charges a return item fee. Overall, this reflects a reversal of the original transaction in the accounting records.


What does stz mean on a bank statement?

"STZ" on a bank statement typically refers to a transaction code or description related to a specific type of transaction, such as a service fee, a payment made through a specific platform, or a merchant name. The exact meaning can vary by bank, so it's best to consult your bank's transaction code guide or contact customer service for clarification. If you're unsure about a transaction, it's advisable to review it further to ensure it aligns with your records.


What is a no-fee checking account?

A No Fee checking account is one in which the bank does not charge you any fees like monthly fee, minimum balance fee, transaction fee etc. these fees are usually charged by most banks to their checking account customers. Not many banks offer such no-fee checking accounts.


What is a Cg on bank statement?

A "Cg" on a bank statement typically stands for "Charge." It indicates a transaction where a fee or payment has been deducted from the account. This could include various types of charges, such as service fees, transaction fees, or payments made using a debit card. Always check the details of the transaction for clarification on the specific charge.


What is the fee for notary at bank of America?

Bank of America typically charges a fee for notary services, which can vary by location and is often around $10 per signature. However, some services may be offered for free to customers with certain account types. It's best to check with your local branch or the bank’s website for the most accurate and current fee information.

Related Questions

What are the ATM fees for Bank of America?

"Bank of America charges non-members an ATM withdrawal fee of two dollars. If one of their members uses a non Bank of America ATM, then that bank usually has their own amount regulated (as a transaction fee, or penalty)."


Can you use a Bank of America debit card at Deutsche Bank in Amsterdam without being charged a transaction fee?

of course not


What is the difference between a foreign transaction fee and a currency conversion fee?

A foreign transaction fee is charged by your credit card company for purchases made in a foreign currency, while a currency conversion fee is charged for converting one currency to another.


What is the transfer fee for moving funds from a Bank of America account to a Wells Fargo account?

The transfer fee for moving funds from a Bank of America account to a Wells Fargo account can vary, but it is typically around 3 to 10 per transaction.


Does Bank of America allow balance transfers?

Bank of America does allow balance transfers. There is a transfer fee which is typically 4% of the transaction amount. Balance transfers can be performed over the phone, or online.


Does Airbnb charge a foreign transaction fee when booking accommodations in a different currency?

Yes, Airbnb may charge a foreign transaction fee when booking accommodations in a different currency. It is recommended to check Airbnb's terms and conditions or contact their customer support for specific details on foreign transaction fees.


Can you use Commonwealth Bank cards at Bankwest ATMs for free?

there is a transaction fee


What is the Bank of America overdraft fee?

As of my last update, Bank of America typically charges an overdraft fee of $35 for each transaction that exceeds your account balance. They may assess this fee for up to four overdrafts per day, capping the maximum fee at $140. However, policies can change, so it's advisable to check their official website or contact customer service for the most current information.


How much is the foreign transaction fee on a GAP visa card?

The GAP Visa Card typically charges a foreign transaction fee of 3% for purchases made in a foreign currency. This fee applies to transactions processed outside of the United States. It's important to check the specific terms and conditions of your card, as fees may vary or change.


Will Bank of America cash a check for 14500 drawn on their bank if you do not have an account there?

The best way to find this out would be to go to a Bank of America branch near you and ask. If you are able to provide proper identification, depending on the bank's policies, you may be able to cash the check for a fee, or receive a cashier's check for a fee to take to your bank, or they may decline the transaction entirely, in which case you will need to deposit the check at your own bank and wait for it to clear.


Is a 1 percent bank transaction fee included in Obama's health care plan?

yes


Fee based income in banks?

any income generated out of a transaction which does not actually involve the funds of the bank can be considered as fee-based income

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