12 CFR 235.3
§ 235.3 Reasonable and proportional interchange transaction fees.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 235.3, § 235.3 Reasonable and proportional interchange transaction fees, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44983
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Full text
(a) In general. The amount of any interchange transaction fee that an issuer may receive or charge with respect to an electronic debit transaction shall be reasonable and proportional to the cost incurred by the issuer with respect to the electronic debit transaction.
(b) Determination of reasonable and proportional fees. An issuer complies with the requirements of paragraph (a) of this section only if each interchange transaction fee received or charged by the issuer for an electronic debit transaction is no more than the sum of—
(1) 21 cents and;
(2) 5 basis points multiplied by the value of the transaction.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.