(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.
Reg D Fees Savings accounts, which also include Certificates and Money Market Accounts, are not classified as âtransactionâ accounts and have limited transaction allowances. Regulation D allows for 6 transfers/ withdrawals per statement cycle or month. The fee for each transfer/withdrawal above six within that timeframe is $20/transaction.