Enumeration | Definition |
---|---|
Assets under management fee | Any other fee and commission income not separately identified. |
ATM charges | Income from fees charged to retail current account holders for using an Automated Teller Machine (ATM) / cash dispenser. |
Early redemption fee | Income from fees charged to customers for paying off all or part of a mortgage earlier than the original agreed term. |
Excess fee | Income from additional fees charged where a retail account holder has exceeded their agreed overdraft limit. |
Interchange fee | Income from the fee paid between card issuers and acquirers when cardholders make transactions. For information, per The UK Cards Association, credit cards are priced on a percentage of the total value. This is a percentage of the value of the card transaction. Debit cards are priced on a per transaction basis. This is usually expressed as pence per transaction. |
Late payment fee | Income from fees charged to borrowers who missed paying at least their minimum credit card payment by the payment deadline. |
Merchant service charge | Income from fees paid by retailers or merchants who accept credit or debit cards pay to their acquiring bank. Joining fees or set up fees to cover the costs of setting up a new account should be included here, as should any minimum monthly service charges (MMSC). |
Non retail income | Fee and commission income from all activities other than retail. |
Other income | Any other operating income, other than insurance premium income. |
Packaged accounts fee | Income from regular fees charged for the provision of retail packaged current accounts. |
Usage fee | Income from fees charged for both arranged/planned and unarranged/unplanned usage of overdraft facilities. |