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JPMorgan Chase · 2025 report · 10 min

Swipe fees and rewards

Tap a card and three companies get paid: the card network, the shop's bank or payment company, and the bank that gave you the card. The shop pays them all, and it also pays for your rewards. We'll follow the money through Chase.

$BANK$%$%
Ticket 01 · The guess

What's one debit tap worth to a big bank?

Every time you pay with a debit card, the bank that issued it earns a small fee from the shop's side, called the interchange fee.

In 2024, on debit cards from big banks like Chase, what was that fee on an average purchase?

$1.10
$0$1.50
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Sources and every number (3)

Sources

  • Regulation II: Average Debit Card Interchange Fee by Payment Card Network (2024 data) · Board of Governors of the Federal Reserve System, 2025
  • Debit Card Interchange Fees and Routing, proposed rule (Federal Register, November 14, 2023) · Board of Governors of the Federal Reserve System (Federal Register), 2023
  • Regulation II: Interchange Fee Standards, Small Issuer Exemption · Board of Governors of the Federal Reserve System, 2026

Every number

  • $0.23federalreserve.gov ·2025 · Average interchange fee per debit card purchase on cards from big issuers covered by the fee standard, all networks, 2024 (Federal Reserve, Regulation II data).
  • $0.51federalreserve.gov ·2025 · Average interchange fee per exempt debit card purchase (small issuers' cards, plus some prepaid and government-benefit cards), all networks, 2024 (Federal Reserve, Regulation II data).
  • $0.21govinfo.gov ·2023 · Base part of the debit interchange cap the Federal Reserve set in 2011 (as described in its 2023 proposed rule).
  • 0.05%govinfo.gov ·2023 · Part of the 2011 debit interchange cap that grows with the purchase: five basis points of its value (as described in the Federal Reserve's 2023 proposed rule).
  • $0.01govinfo.gov ·2023 · Fraud-prevention adjustment allowed on top of the cap since 2012 (as described in the Federal Reserve's 2023 proposed rule).
  • $10Bfederalreserve.gov ·2026 · Issuers with less in assets than this are exempt from the debit fee standard (Federal Reserve, small issuer exemption).
  1. Lessons›
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  • ·Free guide: How banks make money
Skip to the lesson
Back to the home page and map, from TryOwning · JPMorgan Chase · Lesson 4
Part 1 of 3Part 1 of 3, 0 done

JPMorgan Chase · 2025 report · 10 min

Swipe fees and rewards

Tap a card and three companies get paid: the card network, the shop's bank or payment company, and the bank that gave you the card. The shop pays them all, and it also pays for your rewards. We'll follow the money through Chase.

$BANK$%$%
Ticket 01 · The guess

What's one debit tap worth to a big bank?

Every time you pay with a debit card, the bank that issued it earns a small fee from the shop's side, called the interchange fee.

In 2024, on debit cards from big banks like Chase, what was that fee on an average purchase?

$1.10
$0$1.50
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (3)

Sources

  • Regulation II: Average Debit Card Interchange Fee by Payment Card Network (2024 data) · Board of Governors of the Federal Reserve System, 2025
  • Debit Card Interchange Fees and Routing, proposed rule (Federal Register, November 14, 2023) · Board of Governors of the Federal Reserve System (Federal Register), 2023
  • Regulation II: Interchange Fee Standards, Small Issuer Exemption · Board of Governors of the Federal Reserve System, 2026

Every number

  • $0.23federalreserve.gov ·2025 · Average interchange fee per debit card purchase on cards from big issuers covered by the fee standard, all networks, 2024 (Federal Reserve, Regulation II data).
  • $0.51federalreserve.gov ·2025 · Average interchange fee per exempt debit card purchase (small issuers' cards, plus some prepaid and government-benefit cards), all networks, 2024 (Federal Reserve, Regulation II data).
  • $0.21govinfo.gov ·2023 · Base part of the debit interchange cap the Federal Reserve set in 2011 (as described in its 2023 proposed rule).
  • 0.05%govinfo.gov ·2023 · Part of the 2011 debit interchange cap that grows with the purchase: five basis points of its value (as described in the Federal Reserve's 2023 proposed rule).
  • $0.01govinfo.gov ·2023 · Fraud-prevention adjustment allowed on top of the cap since 2012 (as described in the Federal Reserve's 2023 proposed rule).
  • $10Bfederalreserve.gov ·2026 · Issuers with less in assets than this are exempt from the debit fee standard (Federal Reserve, small issuer exemption).
  1. Lessons›
  2. Big companies›
  3. Banks
  • ·Before this: When interest rates move
  • ·Free guide: How banks make money