Banking
ATM Interchange Fee Income
Earning interchange fees when another bank's customers use the bank's ATM network.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Interbank Settlement Receivable | Asset (+) | 2,500.00 | - |
| ATM Interchange Fee Income | Revenue (+) | - | 2,500.00 |
💡 Accountant's Note
When another bank's cardholder uses your ATM, your bank charges the cardholder's bank an interchange fee (typically JOD 1-3 per transaction). This is a high-margin, low-cost revenue stream.
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