Meanings of annual debit in English

Bank of America warned in July that it could lose some $2 billion of its annual debit processing revenue under the law.

The company also said it sees potential reduction in the $38 million annual debit interchange fees, due to the new regulation on interchange fees.

BofA projected it could lose between $1.8 billion and $2.3 billion in annual debit card revenue as a result of the law.

The rules are expected to cost the debit card industry some $13 billion of an estimated $23 billion of annual debit card processing fee revenue.

The law is expected to cost banks some $14 billion out of an estimated $23 billion in annual debit processing fee revenues, according to CardHub.com.