(mainly US, commerce) a document, usually negotiable, containing a signed promise to pay a stated sum of money to a specified person at a designated date or on demand Also called note, note of hand.
Before the amendment, retailers paid an average of 44 cents for a typical debit card transaction, then valued at roughly $38. The Durbin rules meant that for that typical $38 purchase, the maximum fee would be about 24 cents, 45% less than the average cost before the law took effect.
What fees to avoid. Cash withdrawal fee: Most credit, debit and prepaid card will charge a fee or a minimum charge, which is typically set at Â£2.75 for withdrawing money out of a cash machine while on holiday. Some will charge a flat fee regardless of the size of the withdrawal.