Why does my credit union charges me a $1.50 surcharge for using my debit card on a purchase?

Question:

Why does my credit union charges me a $1.50 surcharge for using my debit card on a purchase?

Credit Union:

Credit unions are accountable for furnishing financial service to their member customers, and it is also referred as a financial institution. The credit union offers international currency transfer, fixed investment, and mortgage facility.

Answer and Explanation: 1

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Generally, a credit union does not charge any amount from the borrower without providing the reason for charges. Sometimes there is no...

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Financial Institution | Definition, Types & Examples

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Chapter 26 / Lesson 1
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Discover the financial institution definition. Read about the types of financial institutions and their functions. See examples of some of the largest financial institutions.


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