What type of fees related to prepaid deposit accounts must be disclosed by institutions under TISA?

Under the Truth in Savings Act (TISA), financial institutions are required to disclose all associated fees related to prepaid deposit accounts. This requirement is in place to ensure transparency for consumers, allowing them to understand the complete cost of using these accounts. This includes not only processing fees but also any other fees that may apply, such as maintenance fees, transaction fees, or fees for account inactivity.

Moreover, the disclosure must also include important information such as expiration dates and usage limits, which are crucial for consumers to know in order to manage their accounts effectively. By having this information readily available, consumers can make more informed decisions about which prepaid deposit account best meets their needs, thus promoting fair and informed consumer practices in the financial industry.