Sentences with phrase «interchange fees account»
In fact, interchange fees account for as much as 65 % of American Express's revenue.
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Through deposits, the bank also receives various account fees such as non-sufficient fund fees, overdraft charges and account service fees, and interchange fees from debit cards.
Some of these costs include a one - time setup fee, monthly account fees, annual account fees, transactional fees, interchange fees, monthly minimum fees, statement fees, network fees, and more.
From the bank's perspective, placing another card in circulation probably means more charges on the account, which translates into more money for the bank in interchange fees and potentially interest and late fees.