Domestic interchange fees
Interest rates and fees are current as at 25 February 2020 and are subject to change without notice. Some other service fees may apply from time to time.
Interchange is the fee that the cardholder’s bank (the “Issuer”) charges for the provision of card payment services, this can include card holder services, reward schemes, processing costs and fraud protection. The fee is charged to the financial institution that processes card transactions on behalf of a merchant (the “acquirer”). This is a variable fee set by the card schemes. Find out more here.