What is Changing?
The way your everyday debit card transactions appear on your online banking profile and statements will change. This is known as the “transaction description”.
How are they changing?
The transaction descriptions are being updated to include more information about how the transaction was processed. Please refer to the chart below for the most common examples:
|Transaction Type||Example Current Description||Example New Description|
|I used card at merchant and entered PIN||($35.99) POS RF#587212154544 08/15 THE HOME STORE CHICAGO IL 2355||($35.99) PIN RF#587212154544 08/15 THE HOME STORE CHICAGO IL 2355|
|I used card at merchant and gave signature||($153.52) MCRD RF#698745521 08/22 THE FOOD STORE NAPERVILLE IL 4548||($153.52) SIG RF#698745521 08/22 THE FOOD STORE NAPERVILLE IL 4548|
|I used card for recurring transaction (i.e. gym membership)||($19.95) MCRD RF#63409432 09/01 THE GYM SKOKIE IL 8754||($19.95) SIG RF#63409432 09/01 THE GYM SKOKIE IL 8754|
|I made a $100 withdrawal at a non-MB ATM that charges a $3.00 fee*||($103.00) WTH RF#856045 08/15 201 OHIO ST CHICAGO IL CARD #9657||
($100.00) WTHD RF#856045 08/15 OTHER BANK CHICAGO IL CARD #9657
($3.00) SURCHARGE 08/15 OTHER BANK CHICAGO IL CARD #9658
*Non-MB ATM transactions involving a fee will now appear as two separate transactions, one to show the amount of the withdrawal and another to show the fee assessed by the owner of the ATM. This is in addition to any fees MB may assess, which will continue to appear separately.
While other transaction descriptions may change slightly, these are the most common and are likely to be the most noticeable. If you have any questions regarding this, or any account matter, please feel free to Contact Us.