Complaint / Review
United Bank Card / Harbortouch
$27.95 charged three-times/year for IRS form 1099-K reporting compliance fee

$27.95 was deducted from our business checking account on Wednesday, November 30th that was outside our expected fees for the month.

We waited for our monthly statement to arrive to see if the fee was listed and explained - the monthly statement usually arrived by the 10th of each-month.

On Friday December 16th we contacted United Bank Card (now known as Harbortouch) by telephone since we we hadn't received the monthly statement yet.

We were told that the $27.95 charge was for a required fee for providing the IRS with details of our gross receipts. This is charged three-times/year bringing the annual fee to $83.85 for reporting information to the IRS.

Doing a google search provides an abundance of information regarding this new requirement and the fact that most credit card processing companies are padding their bottom-line by charging a fee for meeting this requirement.