It is at a merchant's discretion to choose if they will begin charging consumers a checkout fee for credit card payments. Will all merchants charge the checkout fee? We recommend all cardholders look for merchant notices or ask merchants if they will charge a checkout fee before submitting payment. Banks are not collecting the fee and have no control over the fees charged by merchants. Is this checkout fee being collected by the bank? The effective date of the settlement that allows merchants to charge this fee was January 27, 2013. This fee is not permitted on debit or prepaid cards (even if the credit option is chosen for a debit card payment). What is a Merchant Checkout Fee?Ī legal settlement now allows merchants to charge consumers a checkout fee (also referred to as a surcharge) when consumers use a credit card for payment. This fee is separate from the charges imposed by the owner of the ATM used. What are foreign ATM fees?įirst Horizon charges a $3 foreign ATM fee whenever you use an ATM outside of the First Horizon ATM network. If you overdraw your account by $5 or less on any one day, there will be no overdraft charge. There is no charge for each check drawn on your account that we return (or other order we do not pay) due to insufficient funds. How are overdraft fees calculated on consumer accounts?Ī charge of $35 is assessed, up to six charges per day, for each overdraft created by check, in-person withdrawal, recurring debit card payment or other electronic means and for each overdraft created by ATM withdrawal or one-time debit card purchases if you have opted in to having such items paid into overdraft with a fee assessed. Click here for a full list, as well as additional tips on protecting your account from overdrafts. We offer several overdraft protection products. How can I avoid overdraft fees on my account? What are the service fees for my account?įor information on service fees that may apply to your checking or savings account, please visit our Account and Service Fee Summary page. This chargeable debits fee applies only to E-Student and E-Access accounts. What is a chargeable debits fee?Ī chargeable debits fee of $.50 is accessed for each item that exceeds 25 items per month. On a case-by-case basis, a hold may be placed on deposits greater than $5,000 to verify funds. Transactions made on Saturdays are credited or debited on the following business day's nightly processing with the exception of cash transactions, which are memo-posted. How are Saturday banking transactions processed? What is a memo-post?Ī memo-post is a transaction that has not yet posted, but is temporarily included in the current day's available balance until the nightly ledger update, at which time the transaction is processed and cleared for the next day. ![]() Note: please be aware that it may take up to 3 days for some signature debit card transactions to be presented to First Horizon from the retailer.Ĭlick here for more information about how to understand your balance.Ĭlick here for more information about real-time processing. Post-system generated transactions: service charges and fees. ![]()
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