Foreign atm or pos fee exchange fee citizens bank -
POS Charges and Fees: Point-of-Sale Overview
When the term POS appears on your bank statements or your online transaction history, it often refers to a purchase you made with your debit card. That label might indicate the amount you paid a merchant, or it might signal that you were charged additional fees for using your card.
POS Charges
If you’re trying to figure out what a transaction in your account history means, it probably refers to a purchase you made in-person at a retailer.
Point-of-Sale Systems
A point-of-sale (POS) system is a combination of devices and software programs that help with processing transactions. They can be as simple as a checkout register, or they may be more complicated programs that integrate with other systems (like card payment networks). Retailers and online merchants use POS systems to accept payments and manage their businesses.
Debit Card Purchases
Charges that show up with “POS” are typically a result of using your debit card. Most likely, you chose “Debit” at checkout and entered your PIN on the retailer’s payment machine (as opposed to choosing “Credit” and signing for the purchase). That said, both online purchases and in-person transactions can result in POS appearing on your statement.
Unauthorized Charges
If you see charges that you don’t recognize, research the transaction as soon as possible. POS charges mean that somebody bought something using your card, and they are typically not automatic recurring bills.
Identifying Charges
The name of the vendor or merchant should appear alongside any charges. However, sometimes the name isn’t helpful—the business might use a different name than the one you think of, and abbreviations add to the problem.
If you see something you don’t recognize, do a web search for the exact name you see in your transaction history. In many cases, you’ll find a more helpful description because others have wondered the same thing. If you’re still stumped, look back through your calendar and think back to all of the spending you’ve done. Ideally, that will help you verify if you’re responsible for the charge.
Fraud in Your Account
Contact your bank within two days of discovering any suspicious charges—if you wait too long (more than 60 days), you may be fully responsible for paying the bill.
If somebody uses your card without your permission, you generally have the right to get those charges reversed. But you have to act fast. Federal law says that you’re not responsible for certain types of fraud and errors in your bank account.
Credit Cards Are Safest
For everyday spending and online shopping, a credit card is safer than a debit card.
Debit cards pull funds directly from your checking account, so fraud and mistakes can instantly drain the account. When that happens, you run out of spending money, bounce payments, and face penalty fees. Credit cards, on the other hand, have a grace period, which allows you to pay for charges up to one month later (or more, if you want to pay interest—which is best to avoid). Getting credit card mistakes cleared up just means you’ll temporarily have a higher credit card bill, but your checking account will be untouched.
Additional POS Fees
A POS charge can also be an additional fee that your bank charges when you use your debit card. If you choose “Debit” at checkout and use your PIN, banks sometimes charge an extra fee. That charge is usually around one dollar or less.
Not all banks charge POS service fees. Read the fine print at your bank before using your card. If your bank charges fees, you have several options:
- Use a different bank. It’s increasingly rare for banks to charge these types of fees, so there’s a good chance you can find another bank that costs less. You can even keep your existing account and open an online checking account (which includes a debit card), enabling you to use plastic for free. Small, local credit unions are also a good bet.
- Choose “Credit” instead. Banks earn less income when you choose “Debit” at checkout, so some try to make up for it by adding a fee. The fee may be minor, but it gives you a nudge to choose “Credit” next time. However, retailers may end up paying extra when you do that, making it harder for your favorite stores to stay in business and offer low prices.
Unless you use cash or checks, somebody always pays a fee for processing card payments.
Banks and card processing networks charge swipe fees to retailers when you pay with plastic. The fees are lowest when you choose “Debit,” which retailers appreciate. If you choose “Credit” instead, retailers pay higher fees (so that you don’t have to), but you should expect those retailers to pass the costs on to you in the form of higher prices. Merchants even pay fees when you pay with electronic bank transfers.
For more details on the debit vs. credit decision, see How Interchange Fees Work.
Retailers Charging Fees?
Some retailers don’t build those fees into their pricing. Instead, they prefer to charge higher prices only to customers who create extra costs: those customers who pay through the more expensive credit card networks. For example, a merchant might charge a credit card surcharge to customers who pay with credit, or they might impose a minimum purchase requirement for credit card payments.
Is That Legal?
Surcharges and minimum purchase requirements are allowed in some states. But merchants sometimes charge consumers more than they're allowed to, and they may set minimums when they're not supposed to. Even when merchants aren’t breaking the law, they might break the rules established by their payment processor.
To learn more about your rights when paying with plastic, read about credit card surcharges (and minimums) and debit card minimums.
Frequently Asked Questions (FAQs)
How do you protect yourself from unauthorized charges?
While credit cards are somewhat safer than debit cards, there's still the possibility of unauthorized charges. To protect yourself, don't lend your card out, even to someone you trust. Review your credit card statements to check for unauthorized charges, and consider setting up alerts so you're contacted about your credit card purchases. If you see anything you don't recognize, you can investigate immediately.
What are credit card surcharges?
Credit card surcharges are fees that merchants add to credit card purchases to make up for the processing costs involved in accepting credit cards. Retailers are required to disclose that there are surcharges and how much those surcharges are. Retailers are also allowed to set minimum purchase requirements for using credit cards as a result of the Dodd-Frank Act.
Common Service Charges
For Instrument value above Rs.200 - Rs.100
For Senior Citizen, Student & Rural locations : For amounts upto Rs.10,000– Rs.40, For amounts above Rs.10,000 till Rs.50,000 – Rs.60, For amounts above Rs.50,000– Rs.5 per thousand rupees or part thereof (maximum of Rs.15,000)
For Instrument value above Rs.200 - Rs.100
Through Branch Channel -
Up to Rs 10,000 – Rs 2.25 per transaction
Rs 10,001 to Rs 1 lakh – Rs 4.75 per transaction
Above Rs 1 lakh to Rs 2 lakh – Rs 14.75 per transaction
Above Rs 2 lakh and up to Rs 10 lakh – Rs 24.75 per transaction
Through Branch Channel –
Rs 2 lakh to Rs 5 lakh – Rs 20 per transaction
Above Rs 5 lakh - Rs 45 per transaction
Upto Rs.1 lakh – Rs. 5 per transaction
Rs. 1 lakh to Rs. 2 lakhs – Rs. 15 per transaction
( Max limit per transaction - Rs. 2 lakhs)
For DD above Rs.10,000 - Rs.5 per thousand rupees or part thereof subject to minimum of Rs. 75
and maximum of Rs. 15000
For Rural locations - For amounts upto Rs.10,000-Rs.40, For amounts above Rs.10,000 till Rs.50,000-Rs.60, For amounts above Rs.50,000-Rs.5 per thousand or part thereof (maximum of Rs.15,000)
Rs 50 per instance for non-financial reasons except for signature verification.
Nil For All Other Debit Cards
Range of cheques - Rs.200
(Free through customer care IVR & Net banking)
Cash deposit charges will not be applicable to Senior Citizens, Basic Savings Bank Account, Jandhan Accounts, Accounts held by incapacitated and visually impaired persons, Student Accounts or any other Accounts identified by ICICI Bank.
| Metro / Urban / Semi Urban | Rural | |
| Locker rates vary for different branches, hence customers are requested to get in touch with respective branch | ||
Glossary
- Bank: The Jammu & Kashmir Bank Ltd.
- Card: ATM-cum-Debit Card named as "J&K Bank Global Debit Card", issued to the customer by J&K Bank in association with MasterCard International.
- Card Holder: A customer who has been issued a "J&K Bank Global Debit Card”.
- ATM: All Automated Teller Machines of J&K Bank Ltd as well as other banks with the logo of MASTERCARD (Logo) (in India or abroad*) and NFS or both in India.
- PIN: The Card Holder is initially allotted a computer generated random 4- digit Personal Identification Number (PIN) in a secured and sealed PIN mailer.
- Merchant Establishments (ME’s): ME's shall include shops, stores, restaurants, hotels and commercial establishments, Etc. advertised as handling the cards by displaying MasterCard logo or by any other means.
- POS Terminals: Point of Sale terminals at ME site in India or abroad at which the customer can use his or her card after entering the PIN to make purchases by debiting his/her account with the Bank.
- Designated Account: Any variant of current Deposit Account or Savings Bank account (maintained by the Card Holder) with the Bank to which all the amounts authorized/dues payable by the card holder are to be debited.
- Customer Business Unit: The Business Unit at which the Card Holder maintains the designated account.
- International transaction: A transaction entered into by the Card Holder through his/her card outside India at ATMs or POS terminals outside India.
Using Your “J&K Bank GLOBAL DEBIT CARD” for cash withdrawals from ATMs.
Step1
In order to enter the ATM room swipe your card (horizontally or vertically) with the magnetic stripe facing the slot depending on the position on the access lock on the door of the ATM room. OR
Insert your card into the slot depending on the position of the access lock. When the green light glows, push the door and enter the ATM enclosure.
Step2
Insert your card into ATM at the slot indicated. If the ATM is a dip-card ATM, dip the card into the slot and take it back.
Step3
Select the language English, Hindi, Urdu in which you desire to interact with ATM. This option may not be available in all ATM’s.
Step4
Next, the ATM will prompt you to key in the Personal Identification Number (PIN). Please take care to key in the correct PIN. After the PIN is entered, the ATM process the information and if it is found correct guides you step by step for conducting transactions. (If the wrong PIN is entered thrice; the card will invalidated or even may be retained by the ATM. In the former case contact the concerned Card Issuing Business Unit. In case of retention contact both ATM custodians, Bank/Business Unit where the card has been issued).
Step5
At this stage, options will appear on the screen and you can choose the appropriate option amongst Fast Cash, Withdrawal, PIN Change and Mini Statements by pressing appropriate push button.
Step6
If you have no further transactions, please collect your card The Card should be collected as soon as it is ejected (within 30 seconds); or else the ATM will retract it. In such an event, please contact the Business Unit at which you maintain your account (Not applicable for dip card ATM) In case of Dip Card ATMs, you will have to only dip the card and enter your PIN for each transaction.
Note:
i. All J&K Bank ATMs have, as a matter of policy, maximum cash dispensing limit of 40000/ -per card per day on use.
ii. You can also use your "J&K Bank Global Debit Card" at ATMs,
a. Which are part of the MasterCardTM, 
network in India and around the world Just look for the MastercardTM logo at participating ATMs.
b. Which is part of the NFS (National Financial Switch) Network in India. (NFS Networked ATM’s can also be part of the MasterCardTM Network and or of the VISATM Network).
Use of "J&K Bank GLOBAL DEBIT CARD" on Point of Sale Machine (POS) Using your card for making payments for purchases made at merchant establishments displaying Maestro Logo through POS machine.
Step1
MasterCard sign at the merchant establishment indicates that you can shop by presenting your card.
Step2
After purchases, the M E. dips your card in the POS terminal and keys in the purchase amount. Ensure transaction is carried in your presence and under no circumstances you should lose the sight of your card
Step3
You will be presented with PIN pad. Enter your confidential PIN ensuring, that others around do not get to know your PIN.
Step4
In seconds, the terminal processes the transaction and prints the transaction receipt.
Step5
Check the amount on the transaction receipt and sign on it.
Step6
The transaction is now complete. You will receive a copy of the transaction receipt and your "J&K Bank Global Debit Card.
Important Tips
TIP1
Avoid using ATM that looks unsafe or with suspicious persons moving around.
TIP2
Avoid opening your purse, bag or wallet while in queue at ATM site. Have your card ready in your hand before you approach the ATM.
TIP3
Avoid ATMs which have messages or signs fixed to them indicating that the screen directions have been changed, especially if the message is posted over the card.
TIP4
Be cautious when stranger offer you help at an ATM, even if your card is stuck or you are experiencing difficulty with the transaction.
TIP5
Ensure nobody watches you enter your PIN. (You may use the knuckle of your middle finger to key in the PIN).
TIP6
Follow the instructions on the display screen, e.g. do not key in your PIN until the ATM requests you to do so.
TIP7
In case the ATM is not working properly, press the Cancel key and withdraw your card Report to the concerned Branch before proceeding to another ATM.
TIP8
Never force your card into the card slot.
TIP 9
If your card gets jammed, retained or lost, or if you are interfered with at an ATM, report immediately to the nearest Business Unit of the bank or helpdesk.
TIP 10
Secure your card & cash carefully (in your wallet, handbag or pocket) before leaving the ATM.
TIP 11
Memorize your PIN (if you need to write it down, do so in a disguised manner and never carry it with your card).
TIP 12
NEVER disclose your PIN to anyone.
TIPI3
Don t use obvious and guessable numbers for your PIN like your cell or vehicle number.
TIP 14
Change your PlN periodically, and, if you think it may have been compromised, change it immediately.
TIP 15
Check your account balance and statements regularly. Report any discrepancies to your bank immediately.
TIP16
Immediately after receiving your card from the Bank please sign on the signature panel on the reverse of the Card to prevent any misuse.
TIP 17
The PIN used at ATM to withdraw money and Merchant Establishments for purchases should be same.
TIP 18
In case of any transaction related issues like excess debit, less cash dispensed or no cash dispensed the customer should report to helpdesk/Business Unit immediately through phone, fax or mail not later than 2 days after the date of transaction.
Applicability of Terms:
The terms form the contract between the Card Holder and The J&K Bank. The Card Holder is deemed to have the agreed and accepted the Terms by performing any of the below mentioned activities.
- By signing the Card Application Form.
- By acknowledging the receipt of the Card.
- By signing the reverse of the card.
- By performing transaction with the card on ATM/POS machine.
Personal Identification Number (PIN):
The PIN is used for withdrawing cash at an ATM or for Purchasing Goods and Services at a Merchant Establishment through POS Machine. It is advisable that the Card Holder in his/her own interest should change the PIN to any other four-digit number of his/her choice. For this purpose, he/she may use the PIN change option available at J&K Bank’s ATMs. The PIN should be safeguard carefully. Usage of wrong PIN three time would invalidate the card or even can be retained by the ATM. While selecting a PIN, the card holder is advised to avoid a PIN, which can be easily associated with him/her (e.g. Telephone Number, DOB, Vehicle Registration Number etc.). Besides, the selected PIN value should not comprise:
- A sequence from the associated account numbers.
- String of the same number.
- Historically significant dates.
Since an unauthorized person can access the ATM services on the Card Holder’s account if he/she gains the possession of the Card and the PIN, the card should always remain in the Card Holder’s possession and should not be handed over to anyone else. The Bank bears no liability or responsibility for the unauthorized use of the Card. The responsibility is fully that of the Card Holder. The PIN is sent in a Pin Mailer. It is the Card Holder's responsibility to ensure that the knowledge of the PIN/PIN Mailer does not fall into any other person's hands. (The Cardholder should change the PIN immediately if it is accidentally divulged). The PIN should not be written on the card or the pouch carrying it.
Loss of Card:
The Card Holder should immediately notify his/her Business Unit or J&K Bank Toll Free Number 1800 1800 234 (24*7), Helpdesk numbers +91-0194-2481936, +91-0194-2481953 or email us at [email protected]
Or
By a letter or by a phone call followed by confirmation in writing if the card is lost / stolen. Any financial loss arising out of unauthorized use of the Card till such time as the Bank hotlists the Card will be to the Card Holder s account. Fresh card will be issued in replacement of lost/damaged Card at a fee of 200/-
Surrender of the Card:
The Card being the Property of J&K Bank should be returned to the Bank for cancellation, in the event the Cardholder no longer requires the service or if the services are withdrawn by the Bank due to any reason.
Debits to customer’s account:
The bank has the authority to debit the designated account of the Card Holder for all withdrawals affected by the Card Holder by using the Card as evidenced by Bank’s records which will be conclusive and binding on the Card Holder. The Card Holder authorizes the Bank to debit the designated account with service charges notified by the Bank from time to time.
Transactions:
The transaction record generated by the ATM or POS Machine will be binding and conclusive unless verified otherwise and corrected by the Bank. The verified and the corrected amount will be binding on the Card Holder.
Closing of Account:
The Card Holder wishing to close the designated account and surrender the Debit Card will give the Bank notice in writing and surrender the Card along with the notice.
Validity of the Card:
The J&K Bank Personalized Global Debit Card is valid for five years till the last day of the month embossed on the Card. If the Card is used after the expiry, the ATM will reject it. Approach the concerned Card issuing Business Unit one month earlier for fresh card.
Specimen Signature of the Customer must tally:
The Card Holder shall sign the Card on the reverse as per the specimen signature appearing on the Customer Relationship/Account opening form or the latest signature of the Card Holder as per Bank’s record.
Benefits of the Card:
The J&K Bank Personalized Global Debit Card can be accessed for the withdrawal of cash from ATM, make payments at Merchant Establishment and ascertain the information about the account balance through the use of Card at ATMS. The unique advantage in this specified card is that the Card Holder can transact maximum of ₹40,000/- cash from ATM per day and can make payment for purchase upto ₹1,00,000/- per day at Merchant Establishment.
NOTE:-
- The Card Holder should carry out international transactions at ATMs or at POS strictly in accordance with the exchange control regulations and in the event of any failure to do so, the Card Holder is liable for action under FEMA. The Card Holder should fulfil and abide by all guidelines issued by the Reserve Bank of India and Government of India regarding international use of the Debit Card and foreign currency transactions. The limit per transaction shall be as per guidelines in vogue for such transactions from time to time presently upto conversion value of ₹40,000/-. The conversion of foreign currency amount will be done at rates decided by various parties involved. The debit in the Card Holder’s account will be in Indian Rupees. However the Cardholder shall ensure to draw foreign exchange strictly as per limits fixed by RBI.
- Non- completion of transaction due to insufficient balance in the designated account at non J&K Bank ATM / POS (Merchant Establishment) will attract charges as applicable to balance enquiry.
- NFS Networked ATMs can also be part of the MasterCardTM Network as well and or VISATM network; in such a case, the NFS fee structure will be applicable.
Other important conditions governing the transactions:
- The Debit Card Service is meant for withdrawals against the balance already available in the designated account. It is the Card Holder’s obligation to maintain sufficient balance in the designated account to meet withdrawals and service charges.
- The Bank at its discretion may amend the terms & conditions governing ATM services from time to time as per requirements. The Card Holders will be notified of such changes, which will be binding on the Card Holder.
- The Bank reserves the right to introduce new facilities or revoke sting facilities as and when warranted, without assigning any reason for the same. Fee charged (if any) for the use of the Card is not refundable under any circumstances.
- The Bank has the right to withdraw the privileges attached to the Card and to call upon the Card Holder to surrender the Card through the Merchant Establishment, or their representatives or any other representative of the Bank without assigning any reason.
- Use of the Card shall be terminated without notice, upon the death, bankruptcy or insolvency of the Card Holder or for other valid reasons or when the whereabouts of the Card Holder become unknown to the Bank due to any cause attributable to the Card Holder.
- The Bank is not responsible for the refusal by any ME to accept or honor the Card, nor shall it be responsible in any respect for the goods or services supplied to the Card Holder. The Card Holder shall handle or resolve all claims or disputes directly with such Establishments and no claim by the Card Holder against the ME is subject to set-off or counter claim against the Bank The Bank will credit the Card Holder s Account with the amount of refund only upon receipt of a properly issued credit slip or cheque or draft from the ME.
- The Bank will not be responsible for furnishing original bills of the ME to the Card Holder.
- The Card Holder will collect from the ME the Card Holder's copy of the transaction receipts and will preserve the same for his personal record. The Bank at its discretion will approve / reject any card transaction. The Card Holder should not countermand any order, which he/she has given by means of this card. The Bank shall not be liable for any loss caused by a technical breakdown of the payment system.
- In case of failed transactions, the customer should report to the bank within 30 days from the date of transaction so as to seek reimbursement or otherwise from the bank if applicable.
- In case the Card holder disputes any transaction/s on ATM/POS terminal, the Bank shall me chargeback and retrieve the amount and restore to his/her account. However on receiving representation from the concerned Bank the funds so retrieved shall be adjusted by debit to
cardholder account without any notice to him/her. - The Card is the property of the Bank and will be returned to the Bank by the Card Holder unconditionally and immediately upon request by the Bank. The Bank reserves the right to cancel the Card and stop its operations unilaterally without assigning any reason. The decision of the
Bank is conclusive and binding on the Card Holder. - The Card is non transferable
- The Bank will not be liable for any deficiency in services or to perform any obligation there under where such failure is attributed, directly or indirectly to any malfunction of ATM, Network, Card, POS ,SMS/email delivery, temporarily insufficiency of funds, any dispute or other circumstances beyond its control
Additional/Withdrawal of Facilities
Bank may , at its discretion , make available to the Cardholder more services on the Card , ATMs , POS Terminals, Internet or otherwise and/or other devices through Shared Networks for the Cardholders convenience and use. All fees and transactions related to transactions done by Card holders at these devices, as determined by Bank will be recovered by a debit to the account linked with the Card.
DISPUTES
Bank accepts no responsibility for refusal by any Merchant Establishment to accept and/or honor the Card In case of disputes pertaining to a transaction with Merchant Establishment a charge/sales slip with the signature of the cardholder together with the card number noted thereon shall be conclusive evidence as between the Bank and the Cardholder as to the extent of liability incurred by the Card Holder and the Bank. In case the Cardholder has any disputes in respect of any charge indicated in the Account statement, the Cardholder communicate advice details to the Bank within 15 days of the account statement date, failing which it will be construed that all charges are acceptable and in order. Any dispute in respect of a shared network, ATM transactions will be resolved as per VISA/MasterCard regulations and Bank does not accept responsibilities for any dealings the cardholder may have with the shared network.
Retail Services Tariff
CASH
Below Rs. 200,000/-
(Excluding Senior Citizens Scheme Accounts)CURRENT ACCOUNT
Issuance
Cheque Books
Average monthly credit balance below Rs.200,000-
Rs. 600 per month
*w.e.f. 01/10/2021
Personal Accounts - Average Dr/Cr balance below Rs.10,000/-
(Excl. Senior Citizens Scheme Accounts)
Statement
Undelivered Statement
Fee for Undelivered Current Account Statements
Manual
Stop Payments
With funds - Rs. 2,000/-
Without Funds Rs. 4,000/-
CLEARING
Cheque Returns
Rs. 100/- (including postage)
Rs. 50/- for SME Customers
Mark for Payment
Post Dated Cheques
Local Bills Cheques Purchase
FIXED DEPOSIT
SAVINGS ACCOUNT
Savings Account Service Charge
(Excluding Minor Accounts)
Average Balance:
- below Rs. 1,000 - Rs. 35/- per month
- Rs. 1,000/- to Rs. 2,000 - Rs.30/- per month
- Rs. 2,000/- to Rs. 3,000 - Rs.5/- per month
STANDING ORDERS
OUTWARD REMITTANCES - LOCAL (Effective Date : 01-01-2021)
RTGS
Per Transfer
Within HNB - Single txn
Within HNB - Multiple Trxn (Including - Cheque with multiple Credits)
SAFE DEPOSIT LOCKERS (MINIMUM SECURITY DEPOSIT - RS.50,000-)
E BANKING
Maintenance
Rs. 3,500/- per Token
(If the customer requests to courier the token overseas, the actual courier charge has to be borne by the customer.)
CEFTS/Transfers through:
i. E-Banking
ii. Mobile Banking
iii. ATMs of respective member of CEFTS
SMS Alert
OTHER SERVICES
Platinum Debit Card – Rs. 400-
Rs. 400/- per statement
(Charges per account per request)
Rs. 600/- per statement
(Charges per account per request)
Interest recovered/paid etc.
Current year- Rs. 350/-
Previous (each) year - Rs. 500/-
Swift Net 940 Daily
Fees & Charges for SELECT Credit Card
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank N.A.; Members FDIC
Have you ever used your credit or debit card outside of the United States? If you have, then you’ve encountered a foreign transaction fee. Few of us would think to look at our bank’s policies on foreign transaction fees before actually incurring these fees but, if you were to look, they’re usually hidden among all the other tiny print in your credit card agreement. So, what are these transaction fees? Do banks charge the same amount for them? Finally, are there banks that don’t charge them?
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A foreign transaction fee, sometimes referred to as an FX fee, is assessed by your credit card issuer and is usually charged as a percentage of the purchase that you’re making, 3% is the most common foreign transaction fee. A foreign transaction fee is also charged on purchases made in a currency other than the US dollar (USD), or that pass through a foreign bank.
The overall fee is often made up of two fees: One from the payment networks and one from the card’s issuing bank. Visa and Mastercard, which handle the transactions between foreign vendors or banks and US card issuers, generally charge a 1% fee for each foreign transaction. Then, card-issuing banks might add on their own charges, usually an additional 1 or 2 percent, leaving total foreign transaction fees at 2 or 3 percent depending on the card and issuer. Some banks will absorb the network’s fee so that there’s no cost to you.
What You Should Know About Foreign Transaction Fees
Foreign transaction fees can add up if you spend enough while traveling outside the U.S. or by making a purchase that goes through a foreign bank. The easiest way to understand the process is to look at a sample transaction. Let’s say that you go out for dinner in Paris and pay $200 using a credit card on the Visa network. First, the Visa foreign transaction fee will add 1% to the cost of your dinner. Then, the credit card’s issuing bank will charge another 2% on top of that. When you get your credit card statement, the actual cost of your dinner will show a charge of $200 + (0.01 x 200) + (0.02 x 200) = $206.
Don’t forget that exchange rates are a factor in dealing with foreign transactions. Both Visa and MasterCard calculate exchange rates to convert all transactions in foreign currencies to USD properly. The FX is added after the conversion to USD. Some merchants will ask if you want to be given the cost in USD on their end through a process called ‘Dynamic Currency Conversion’. Because there’s a possibility that a merchant will use an unfavorable exchange rate to maximize their profits, “Dynamic Currency Conversion” is not advised.
Most credit card issuers will give you different options, having at least one or two cards for you to choose from that have no fees for foreign transactions. In this case, the issuer covers the cost of the transaction. As with other banking fees like ATM withdrawal and overdraft fees, researching will find you the cards that don’t charge for foreign fee transactions. Good news: Increasingly, consumers–especially wealthy cardholders and frequent fliers–have many no-fee cards to choose from.
Some issuers, like Capital One and Discover, have eliminated the foreign transaction fee from all their credit cards. This is part of a trend going back to around 2010 when a Pew Trust study found that 91% of credit cards issued by the largest 12 banks in the U.S. had foreign transaction fees, and the average fee was 3%.
American Express
2.7% foreign transaction fee after conversion to USD. Only applies to some accounts
For personal and small business cards, either 3% of the transaction amount or $5, whichever amount is greater. No ATM fees for some bank’s Amex cards.
The Platinum Card® from American Express Delta Reserve® Credit Card from American Express Gold Delta SkyMiles® Credit Card from American Express Platinum Delta Skymiles® Credit Card
Bank of America
1% to 3%
$5 usage fee for each non- Global ATM Alliance partner
BankAmericard® Travel Rewards
Capital One
0%
None
All Cards
Chase
3%
$5 + 3% of the dollar amount (For balance inquiries at ATMs, it's $2.50.)
Chase Sapphire Preferred® Card Both United MileagePlus Cards Marriott Rewards Premier British Airways Visa Signature Southwest Airlines Rapid Rewards Premier IHG Rewards Club Select Visa Hyatt Card Fairmont Visa Signature Ritz-Carlton Rewards
Citibank
3%
$2.50 non-Citibank ATM fee + 3% of amount
ThankYou® Premier Citi Prestige® Citi® Hilton HHonors™ Reserve Citi Executive / AAdvantage World Elite MasterCard Expedia®+ Voyager
Discover
0%
None
All Cards
Wells Fargo
3%
$5
Wells Fargo Propel World American Express®
2.7% foreign transaction fee after conversion to USD. Only applies to some accounts
For personal and small business cards, either 3% of the transaction amount or $5, whichever amount is greater. No ATM fees for some bank’s Amex cards.
The Platinum Card® from American Express Delta Reserve® Credit Card from American Express Gold Delta SkyMiles® Credit Card from American Express Platinum Delta Skymiles® Credit Card
$5 usage fee for each non- Global ATM Alliance partner
BankAmericard® Travel Rewards
$5 + 3% of the dollar amount (For balance inquiries at ATMs, it's $2.50.)
Chase Sapphire Preferred® Card Both United MileagePlus Cards Marriott Rewards Premier British Airways Visa Signature Southwest Airlines Rapid Rewards Premier IHG Rewards Club Select Visa Hyatt Card Fairmont Visa Signature Ritz-Carlton Rewards
$2.50 non-Citibank ATM fee + 3% of amount
ThankYou® Premier Citi Prestige® Citi® Hilton HHonors™ Reserve Citi Executive / AAdvantage World Elite MasterCard Expedia®+ Voyager
Wells Fargo Propel World American Express®
** ATM operators may charge an access fee for all foreign ATM withdrawals, balance inquiries or funds transfers
Foreign transaction fees differ among the different types of cards offered by each bank. For example, Chase has one of the widest selections of no-fee cards available, including ten no-fee travel cards. The Chase Freedom foreign transaction fee is 3% on all purchases made overseas. Bank of America’s foreign transaction fee on standard cards ranges from 1 to 3% of purchases. However, they also offer the BankAmericard Travel Rewards card, which does not charge foreign transaction fees.
As a reminder, too, foreign transaction fees also apply if you’re in the U.S. and make a transaction that uses a foreign bank, for example, if you buy something from a foreign country
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What Does POS Fee Mean: Everything You Need to Know
The point of sale system is something that a modern business can’t be run without. Although it has enhanced the way transactions occur, there are still plenty of small businesses that don’t use it. Implementing new technologies is a significant change, and a lot of retailers are afraid of the unknown. Questions such as what is POS fee and how many of them are there are essential, but they shouldn’t stop you from improving your business. So let’s try to answer those questions and clear out all doubts.
What Do You Mean by POS?
This is an abbreviation for point of sale system. It is a machine or a terminal used for processing payments and transactions between a merchant and a customer. However, even a cash register could be considered a point of sale, although it usually refers to specially-designed machines for processing payments. There are several types of them, but generally, they all strive to provide fast and efficient service for retailers looking to improve or expand a business.
Hardware and Software Components of a Point of Sale Payment System
Although you can now find a hybrid and cloud-based point of sale system where everything is integrated into one device, in most cases, this system has two main compounds. A touchscreen computer that operates with software to complete orders and process all payments. On the other hand, foreign atm or pos fee exchange fee citizens bank hardware bundle typically includes:
- Terminal
- Credit card reader
- Receipt printer
- Cash drawer
- Barcode scanner
What Does POS Mean on Bank Statements?
The monthly bank statement can help you track all your transactions, and go through them to check the use of your debit card. In case you notice a transaction that you haven’t made, you should meredith village savings bank alton nh your bank to check it.
Point of Sale – POS Fees
Although there are free POS systems, it is essential to mention that they aren’t entirely free and that they come with certain restrictions. Before committing to one system, ask about all additional charges; sometimes they are included, but features such as tech support or upgrades are usually not. The price of these systems varies, and it depends on the size of business and the package you opt for.
Standard Fees for Small Businesses
- Transactional – the highest cost when accepting credit cards, charged whenever a transaction occurs.
- Incidental – these might be charged at certain circumstances, for example, when a chargeback occurs.
- Scheduled – flat fees that you can check on your monthly merchant statement, arranged by the contract.
Can Merchants Charge Credit Card Processing Fees?
Some retailers are charging their customers when they pay with a credit card, which is the so-called credit card convenience fee. However, this is not legal in all states. Currently, in ten states, surcharges are not allowed. Imposing surcharges comes with its pros and cons, so consider them well before making this decision.
There is also the POS WAT communication fee, charged whenever the terminal dials the toll-free number 800 to send or receive information. WAT stands for wide-area telephone service, and this authorization fee is charged additionally. Just make sure you watch your cybersecurity.
What Is a POS Decline Fee?
If you don’t have enough funds on your bank account, not only will your transaction be declined, but your bank will most likely charge you a decline fee. It usually depends on the bank and the terms of your account, but some even offer to sign up for overdraft protection.
What Is a Foreign ATM or POS Fee?
If you notice an extra charge named Foreign or International Transaction Fees, it means that your vendor is located outside of your country. Your credit card issuer may also charge extra for transactions in a foreign currency.
Is Square the Best Payment Service for a Smaller Merchant?
If not the best, Square is probably one of the top three services for small business owners. It doesn’t require you to use a merchant account or to pay any monthly costs. However, its flat rate and an added fixed fee can be too pricey for small businesses with a small average ticket.
How Much Square Charges per Transaction When Using a Chip Card Reader
Credit card transaction fees can be hard to understand, but Square doesn’t have any hidden fees that could increase their rates. Square accepts chip cards, and its standard processing cost is applied to them. Currently, Square payment fee is 2.6% and 10 cents, for contactless swiped, and inserted cards, including debit ones. For the card on file payments, manually processed, you will be charged 3.5% and 15 cents. Square doesn’t charge checks, recording cash, or gift certificate payments.
Square Vs. Clover
Besides Square, Clover is one of the preferred service providers among merchants, but which one is better? Both are very straightforward to use, convenient, and ideal for smaller businesses. However, Clover’s features are suitable for merchants who are looking to get more flexible solutions from their payment service.
Can the POS System Enhance Your Business?
Depending on the type of business you’re running, these systems can really help you grow your enterprise. Choosing the right provider is one of the crucial steps that could enhance your sales. Different types foreign atm or pos fee exchange fee citizens bank these systems are particularly tailored for the needs of restaurant owners, for example, or cosmetic salons. Therefore, you should research them well, as well as all the charges that come along, and find the best solution for you.
Glossary
- Bank: The Jammu & Kashmir Bank Ltd.
- Card: ATM-cum-Debit Card named as "J&K Bank Global Debit Card", issued to the customer by J&K Bank in association with MasterCard International.
- Card Holder: A customer who has been issued a "J&K Bank Global Debit Card&rdquo.
- ATM: All Automated Teller Machines of J&K Bank Ltd as well as other banks with the logo of MASTERCARD (Logo) (in India or abroad*) and NFS or both in India.
- PIN: The Card Holder is initially allotted a computer generated random 4- digit Personal Identification Number (PIN) in a secured and sealed PIN mailer.
- Merchant Establishments (ME’s): ME's shall include shops, stores, restaurants, hotels and commercial establishments, Etc. advertised as handling the foreign atm or pos fee exchange fee citizens bank by displaying MasterCard logo or by any other means.
- POS Terminals: Point of Sale terminals at ME site in India or abroad at which the customer can use his or her card after entering the PIN to make purchases by debiting his/her account with the Bank.
- Designated Account: Any variant of current Deposit Account or Savings Bank account (maintained by foreign atm or pos fee exchange fee citizens bank Card Holder) with the Bank to which all the amounts authorized/dues payable by the card holder are to be debited.
- Customer Business Unit: The Business Unit at which the Card Holder maintains the designated account.
- International transaction: A transaction entered into by the Card Holder through his/her card outside India at ATMs or POS terminals outside India.
Using Your “J&K Bank GLOBAL DEBIT CARD” for cash withdrawals from ATMs.
Step1
In order to enter the ATM room swipe your card (horizontally or vertically) with the magnetic stripe facing the slot depending on the position on the access lock on the door of the ATM room. OR
Insert your card into the slot depending on the position of the access lock. When foreign atm or pos fee exchange fee citizens bank green light glows, push the door and enter the ATM enclosure.
Step2
Insert your card into ATM at the slot indicated. If the ATM is a dip-card ATM, dip the card into the slot and take it back.
Step3
Select the language English, Hindi, Urdu in which you desire to interact with ATM. This option may not be available in all ATM’s.
Step4
Next, the ATM will prompt you to key in the Personal Identification Number (PIN). Please take care to key in the correct PIN. After the PIN is entered, the ATM process the information and if it is found correct guides you step by step for conducting transactions. (If the wrong PIN is entered thrice; the card will invalidated or even may be retained by the ATM. In the former case contact the concerned Card Issuing Business Unit. In case of retention contact both ATM custodians, Bank/Business Unit carolina executive realty the card has been issued).
Step5
At this stage, options will appear on the screen and you can choose the appropriate option amongst Fast Cash, Withdrawal, PIN Fcbc worship and Mini Statements by pressing appropriate push button.
Step6
If you have no further transactions, please collect your card The Card should be collected as soon as it is ejected (within 30 seconds); or else the ATM will retract it. In such an event, please contact the Business Unit at which you maintain your account (Not applicable for dip card ATM) In case of Dip Card ATMs, you will have to only dip the card and enter your PIN for each transaction.
Note:
i. All J&K Bank ATMs have, as a matter of policy, maximum cash dispensing limit of 40000/ -per card per day on use.
ii. You can also use your "J&K Bank Global Debit Card" at ATMs,
a. Which are part of the MasterCardTM, network in India and around the world Just look for the MastercardTM logo at participating ATMs.
b. Which is part of the NFS (National Financial Switch) Network in India. (NFS Networked ATM’s can also be part of the MasterCardTM Network and or of the VISATM Network).
Use of "J&K Bank GLOBAL DEBIT CARD" on Point of Sale Machine (POS) Using your card for making payments for purchases made at merchant establishments displaying Maestro Logo through POS machine.
Step1
MasterCard sign at the merchant establishment indicates that you can shop by presenting your card.
Step2
After purchases, the M E. dips your card in the POS terminal and keys in the purchase amount. Ensure transaction is carried in your presence and under no circumstances you should lose the sight of your card
Step3
You will be presented with PIN pad. Enter your confidential PIN ensuring, that others around do not get to know your PIN.
Step4
In seconds, the terminal processes the transaction and prints the transaction receipt.
Step5
Check the amount on the transaction receipt and sign on it.
Step6
The transaction is now complete. You will receive a copy of the transaction receipt and your "J&K Bank Global Debit Card.
Important Tips
TIP1
Avoid using ATM that looks unsafe or with suspicious persons moving around.
TIP2
Avoid opening your purse, bag or wallet while in queue at ATM site. Have your card ready in your hand before you approach the ATM.
TIP3
Avoid ATMs which have messages or signs fixed to them indicating that the screen directions have been changed, especially if the message is posted over the card.
TIP4
Be cautious when stranger offer you help at an ATM, even if your card is stuck or you are experiencing difficulty with the transaction.
TIP5
Ensure nobody watches you enter your PIN. (You may use the knuckle of your middle finger to key in the PIN).
TIP6
Follow the instructions on the display screen, e.g. do not key in your PIN until the ATM requests you to do so.
TIP7
In case the ATM is not working properly, press the Cancel key and withdraw your card Report to the concerned Branch before proceeding to another ATM.
TIP8
Never force your card into the card slot.
TIP 9
If your card gets jammed, retained or lost, or if you are interfered with at an ATM, report immediately to the nearest Business Chase mortgage login full site of foreign atm or pos fee exchange fee citizens bank bank or helpdesk.
TIP 10
Secure your card & cash carefully (in your wallet, handbag or pocket) before leaving the ATM.
TIP 11
Memorize your PIN (if you need to write it down, do so in a disguised manner and never carry it with your card).
TIP 12
NEVER disclose your PIN to anyone.
TIPI3
Don t use obvious and guessable numbers for your PIN like your cell or vehicle number.
TIP 14
Change your PlN periodically, and, if you think it may have been compromised, change it immediately.
TIP 15
Check your account balance and statements regularly. Report any discrepancies to your bank immediately.
TIP16
Immediately after receiving your card from the Bank please foreign atm or pos fee exchange fee citizens bank on the signature panel on the reverse of the Card to prevent any misuse.
TIP 17
The PIN used at ATM to withdraw money and Merchant Establishments for purchases should be same.
TIP 18
In case of any transaction related issues like excess debit, less cash dispensed or no cash dispensed the customer should report to helpdesk/Business Unit immediately through phone, fax or mail not later than 2 days after the date of transaction.
Applicability of Terms:
The terms form the contract between the Card Holder and The J&K Bank. The Card Holder is deemed to have the agreed and accepted the Terms by performing any of the below mentioned activities.
- By signing the Card Application Form.
- By acknowledging the receipt of the Card.
- By signing the reverse of the card.
- By performing transaction with the card on ATM/POS machine.
Personal Identification Number (PIN):
The PIN is used for withdrawing cash at an ATM or for Purchasing Goods and Services at a Merchant Establishment through POS Machine. It is advisable that the Card Holder in his/her own interest should change the PIN to any other four-digit number of his/her choice. For this purpose, he/she may use the PIN change option available at J&K Bank’s ATMs. The PIN should be safeguard carefully. Usage of wrong PIN three time would invalidate the card or even can be retained by the ATM. While selecting a PIN, the card holder is advised to avoid a PIN, which can be easily associated with him/her (e.g. Telephone Number, DOB, Vehicle Registration Number etc.). Besides, the selected La calle san jose costa rica value should not comprise:
- A sequence from the associated account numbers.
- String of the same number.
- Historically significant dates.
Since an unauthorized person can access the ATM services on the Card Holder’s account if he/she gains the possession of the Card and the PIN, the card should always remain in the Card Holder’s possession and should not be handed over to anyone else. The Bank bears no liability or responsibility for the unauthorized use of foreign atm or pos fee exchange fee citizens bank Card. The responsibility is fully that of the Card Holder. The PIN is sent in a Pin Mailer. It is the Card Holder's responsibility to ensure that the knowledge of the PIN/PIN Mailer does not fall into any other person's hands. (The Cardholder should change the PIN immediately if it is accidentally divulged). The PIN should not be written on the card or the pouch carrying it.
Loss of Card:
The Card Holder should immediately notify his/her Business Unit or J&K Bank Toll Free Number 1800 1800 234 (24*7), Helpdesk numbers +91-0194-2481936, +91-0194-2481953 or email us at [email protected]
Or
By a letter or by a phone call followed by confirmation in writing if the card is lost / stolen. Any financial loss arising out of unauthorized use of the Card till such time as the Bank hotlists the Card will be to the Card Holder s account. Fresh card will be issued in replacement of lost/damaged Card at a fee of 200/-
Surrender of the Card:
The Card being the Property of J&K Bank should be returned to the Bank for cancellation, in the event the Cardholder no longer requires the service or if the services are withdrawn by the Bank due to any reason.
Debits to customer’s account:
The bank has the authority to debit the designated account of the Card Holder for all withdrawals affected by the Card Holder by using the Card as evidenced by Bank’s records which will be conclusive and binding on the Card Holder. The Card Holder authorizes the Bank to debit the designated account with service charges notified by the Bank from time to time.
Transactions:
The transaction record generated by the ATM or POS Machine will be binding and conclusive unless verified otherwise and corrected by the Bank. The verified and the corrected amount will be binding on the Card Holder.
Closing of Account:
The Card Holder wishing to close the designated account and surrender the Debit Card will give the Bank notice in writing and surrender the Card along with the notice.
Validity of the Card:
The J&K Bank Personalized Global Debit Card is valid for five years till the last day of the month embossed on the Card. If the Card is used after the expiry, the ATM will reject it. Approach the concerned Card issuing Business Unit one month earlier for fresh card.
Specimen Signature of the Customer must tally:
The Card Holder shall sign the Card on the reverse as per the specimen signature appearing on the Customer Relationship/Account opening form or the latest signature of the Card Holder as per Bank’s record.
Benefits of the Card:
The J&K Bank Personalized Global Debit Card can be accessed for the withdrawal of cash from ATM, make payments at Merchant Establishment and ascertain the information about the account balance through the use of Card at foreign atm or pos fee exchange fee citizens bank ATMS. The unique advantage in this specified card is that the Card Holder can transact maximum of ₹40,000/- cash from ATM per day and can make payment for purchase upto ₹1,00,000/- per day at Merchant Establishment.
NOTE:-
- The Card Holder should carry out international transactions at ATMs or at POS strictly in accordance with the exchange control regulations and in the event of any failure to do so, the Card Holder is liable for action under FEMA. The Card Holder should fulfil and abide by all guidelines issued by the Reserve Bank of India and Government of India regarding international use of the Debit Foreign atm or pos fee exchange fee citizens bank and foreign currency transactions. The limit per transaction shall be as per guidelines in vogue for such transactions from time to time presently upto conversion value of ₹40,000/. The conversion of foreign currency amount will be done at rates decided by various parties involved. The debit in the Card Holder’s account will be in Indian Rupees. However the Cardholder shall ensure to draw foreign exchange strictly as per limits fixed by RBI.
- Non- completion of transaction due to insufficient balance in the designated account at non J&K Bank ATM / POS (Merchant Establishment) will attract charges as applicable to google play store gift card codes india balance enquiry.
- NFS Networked ATMs can also be part of the MasterCardTM Network as well and or VISATM network; in such a case, the NFS fee structure will be applicable.
Other important conditions governing the transactions:
- The Debit Card Service is meant for withdrawals against the balance already available in the designated account. It is the Card Holder’s obligation to maintain sufficient balance in the designated account to meet withdrawals and service charges.
- The Bank at its discretion may amend the terms & conditions governing ATM services from time to time as per requirements. The Card Holders will be notified of such changes, which will be binding on the Card Holder.
- The Bank reserves the right to introduce new facilities or revoke sting facilities as and when warranted, mobile homes for sale under 5000 in south carolina without assigning any reason for the same. Fee charged (if any) for the use of the Card is not refundable under any circumstances.
- The Bank has the right to withdraw the privileges attached to the Card and to call upon the Card Holder to surrender the Card through the Merchant Establishment, or their representatives or any other representative of the Bank without assigning any reason.
- Use of the Card shall be terminated without notice, upon the death, bankruptcy or insolvency of the Card Holder or for other valid reasons or when the whereabouts of the Card Holder become unknown to the Bank due to any cause attributable to the Card Holder.
- The Bank is not responsible for the refusal by any ME to accept or honor the Card, nor shall it be responsible in any respect for the goods or services supplied to the Card Holder. The Card Holder shall handle or resolve all claims or disputes directly with such Establishments and no claim by the Card Holder against the ME is subject to set-off or counter claim against the Bank The Bank will credit the Card Holder s Account with the amount of refund only upon receipt of a properly issued credit slip or cheque or draft from the ME.
- The Bank will not be responsible for furnishing original bills of the ME to the Card Holder.
- The Card Holder will collect from the ME the Card Holder's copy of the transaction receipts and will preserve the same for his personal record. The Bank at its discretion will approve / reject any card transaction. The Card Holder should not countermand any order, which he/she has given by means of this card. The Bank shall not be liable for any loss caused by a technical breakdown of the payment system.
- In case of failed transactions, the customer should report to the bank within 30 days from the date of transaction so as to seek reimbursement or otherwise from the bank if what is the capital of japan now applicable.
- In case the Card holder disputes any transaction/s on ATM/POS terminal, the Bank shall me chargeback and retrieve the amount and restore to his/her account. However on receiving representation from the concerned Bank the funds so retrieved shall be adjusted by debit to
cardholder account without any notice to him/her. - The Card is the property of the Bank and will be returned to the Bank by the Card Holder unconditionally foreign atm or pos fee exchange fee citizens bank and immediately upon request by the Bank. The Bank reserves the right to cancel the Card and stop its operations unilaterally without assigning any reason. The decision of the
Bank is conclusive and binding on the Card Holder. - The Card is non transferable
- The Bank will not be liable for any deficiency in services or to perform any obligation there under where such failure is attributed, directly or indirectly to any malfunction of ATM, Network, Card, POS ,SMS/email delivery, temporarily insufficiency of funds, any dispute or other circumstances beyond its control
Additional/Withdrawal of Facilities
Bank mayat its discretionmake available to the Cardholder more services on the CardATMsPOS Terminals, Internet or otherwise and/or other devices through Shared Networks for the Cardholders convenience and use. All fees and transactions related to transactions done by Card holders at these devices, as determined by Bank will be recovered by a debit to jp morgan chase bank customer service account linked with the Card.
DISPUTES
Bank accepts no responsibility for refusal by any Merchant Establishment to accept and/or honor the Card In case of disputes pertaining to a transaction with Merchant Establishment a charge/sales slip with the signature of the cardholder together with the card number noted thereon shall be conclusive evidence as between the Bank and the Cardholder as to the extent of liability incurred by the Card Holder and the Bank. In case the Cardholder has any disputes in respect of any google play store gift card codes india indicated in the Account statement, the Cardholder communicate advice details to the Bank within 15 days of the account statement date, failing which it will be construed that all charges are acceptable and in order. Any dispute in respect of a shared network, ATM transactions will be resolved as per VISA/MasterCard regulations and Bank does not accept responsibilities for any dealings the cardholder may have with the shared network.
International-Transaction
What is an international transaction?
- Any transaction made at Point of Sale (POS) overseas
- Cash withdrawal at ATM overseas
- E-com transactions on all global websites like: iTunes, Netflix, payments for GRE, GMAT, Airbnb, Agoda, Emirates and many more
Are these transactions secure?
Yes, it is secure to use your card globally.
- ICICI Bank issues Europay Mastercard and Visa (EMV) Chip Credit & Debit Cards for international usage. These cards have all card data encrypted in a microchip, which is difficult to duplicate. Hence, it protects your card from skimming.
- Second factor chic me customer service number is not mandatory on international transactions i.e. OTP
What are the charges?
The following charges apply:
Mark up fee - 3.5% + Goods and Services Tax (GST)
ATM Cash Withdrawal Fee overseas – Rs. 125 + GST
Balance Enquiry overseas – Rs. 25 + GST
Always make your international payments in local currency of country of travel to avoid excessive surcharge.
Charges in foreign currency:
If a transaction is done in a currency other than Indian Rupees, that transaction will be converted into Indian Rupees. The conversion will take place on the date the transaction is settled with ICICI Bank, which may not be the same date on which the transaction was done. If the transaction is not in US Dollars, the conversion will be made through US Dollars, by converting the charged amount into US Dollars and then by converting the US Dollar amount into Indian Rupees.
Unless a specific rate is required by applicable law, the conversion rate from US Dollar to Indian Rupees will be at the rates provided by Visa, Mastercard or Amex, as the case what is an online id bank of america be, on the settlement date, increased by a Currency Conversion Factor assessment (currently 3.50%) on such transactions.
Fees & Charges for SELECT Credit Card
Retail Services Tariff
CASH
Below Rs. 200,000/-
(Excluding Senior Citizens Scheme Accounts)CURRENT ACCOUNT
Issuance
Cheque Books
Average monthly credit balance below Rs.200,000-
Rs. 600 per month
*w.e.f. 01/10/2021
Personal Accounts foreign atm or pos fee exchange fee citizens bank Average Dr/Cr balance below Rs.10,000/-
(Excl. Senior Citizens Scheme Accounts)
Statement
Undelivered Statement
Fee for Undelivered Current Account Statements
Manual
Stop Payments
With funds - Rs. 2,000/-
Without Funds Rs. 4,000/-
CLEARING
Cheque Returns
Rs. 100/- (including postage)
Rs. 50/- for SME Customers
Mark for Payment
Post Dated Cheques
Local Bills Cheques Purchase
FIXED DEPOSIT
SAVINGS ACCOUNT
Savings Account Service Charge
(Excluding Minor Accounts)
Average Balance:
- below Rs. 1,000 - Rs. 35/- per month
- Rs. 1,000/- to Rs. 2,000 - Rs.30/- per month
- Rs. 2,000/- to Rs. 3,000 - Rs.5/- per month
STANDING ORDERS
OUTWARD REMITTANCES - LOCAL (Effective Date : 01-01-2021)
RTGS
Per Transfer
Within HNB - Single txn
Within HNB - Multiple Trxn (Including - Cheque with multiple Credits)
SAFE DEPOSIT LOCKERS (MINIMUM SECURITY DEPOSIT - RS.50,000-)
E BANKING
Maintenance
Rs. 3,500/- per Token
(If the customer requests to courier the token overseas, the actual courier charge has to be borne by the customer.)
CEFTS/Transfers through:
i. E-Banking
ii. Mobile Banking
iii. ATMs of respective member of CEFTS
SMS Alert
OTHER SERVICES
Platinum Debit Card – Rs. 400-
Rs. 400/- per statement
(Charges per account per request)
Rs. 600/- per statement
(Charges per account per request)
Interest recovered/paid etc.
Current year- Rs. 350/-
Previous (each) year - Rs. 500/-
Swift Net 940 Daily
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