1. Checking Services and Credit-Card Transactions
Section 5.2
Checking Services and Credit-Card Transactions

2. Bank Services available to customers
ATM cards
Overdraft Protection
Return-Deposit Item
Stop-Payment Order
Cashier’s Check
Money Order
Notary Service
Online Banking

3. Deposits w/ Credit Card transactions
Credit card sales are deposited into a business checking account with a merchant batch header ticket.
Sales
Refunds (Credits)
$ $468.17
$73.82
$ $75.96
$132.36
$524.36

4. Discount fees on credit-card deposits
Businesses that deposit credit-card transactions are charged a fee by the bank.(usually 2% - 5%) It varies based on:
Type of processing (electronic or manual)
Dollar volume of credit-card usage
Average amount of sales

5. Find the fee charged and the credit given to the merchant at the statement date if the company pays a 2 ½ % fee:
Sales
Refunds (Credits)
$ $468.17
$73.82
$ $75.96
$132.36
$524.36