What Is a Statement Fee?

The words "statement fee" can mean two things: a charge a payment processor bills a business, or a charge a bank bills you for mailing your account statement. This page covers both, with amounts from fee schedules read in October 2026.

What is a statement fee?

A statement fee is a flat charge for producing your account statement, the monthly summary of your sales, fees, refunds and chargebacks. It is usually tied to paper: the cost of printing and mailing. When a schedule names it a paper statement fee, online statements can avoid it.

The same fee can carry three names. In its July 2026 fee descriptions, TD Merchant Solutions calls it "Monthly Paper Statement Fee" on its fee schedule, "Statement Fee" for merchants on the Fiserv platform, and "Statement / reporting Fee" on the statement itself. The amount is $5.00 plus taxes.1TD Merchant Solutions, Fee Descriptions (PDF, July 2026, read October 14, 2026)

Sources: TD,1TD Merchant Solutions, Fee Descriptions (PDF, July 2026, read October 14, 2026) Wells Fargo,2Wells Fargo, Merchant Services Fees (read October 14, 2026) Helcim.3Helcim, Pricing (read October 14, 2026)

A statement fee is only one of the fixed charges on a merchant statement. For the account, gateway and PCI fees and the monthly minimum, see monthly fee.

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Statement fees on a bank account

Banks charge consumers for paper statements too. 1st Source Bank's schedule, effective August 2026, lists a Paper Statement Fee of $3 per statement cycle on its 1st Checking account. It waives the fee for the first two cycles, and you avoid it by enrolling in electronic statements or by keeping a $500 minimum daily balance.41st Source Bank, Personal Fee Schedule (PDF, effective August 2026, read October 14, 2026)

Don't confuse it with a UK "Statement of Fees." That is a yearly summary of the fees and interest you paid on a current account, which banks must send at least once a year. It is a document, not a charge.5NatWest, What is a Statement of Fees? (read October 14, 2026)

Seeing TagadaPay on your card statement?

TagadaPay is a payment processor used by online merchants. When it appears on your statement, the merchant's name usually follows on the same line. For any question about the charge, contact that merchant first. If you don't recognize the charge, contact your bank.

How to avoid a statement fee

1. Find the line. On a merchant statement it sits with the other fees. Chase, for example, groups them in a "Charges and fees" section.6Chase, Merchant services statements and fees (read October 14, 2026) Look for "statement," "paper statement" or "reporting."
2. Read the condition. If the schedule ties the fee to paper, as TD's name does,1TD Merchant Solutions, Fee Descriptions (PDF, July 2026, read October 14, 2026) ask your provider to switch you to online statements and confirm the fee stops. 1st Source states this rule in writing for its accounts.41st Source Bank, Personal Fee Schedule (PDF, effective August 2026, read October 14, 2026) Chase recommends online access and keeps statements available online at any time.6Chase, Merchant services statements and fees (read October 14, 2026)
3. Check the next statement. Make sure the line is gone, and keep the written confirmation.
4. Compare when you switch providers. Some, like Helcim, say they charge no statement fee.3Helcim, Pricing (read October 14, 2026) Weigh that against the full fee schedule, not one line.

For a line-by-line walkthrough of a processor statement, see how to read a merchant statement.