Whether you are with Global Payments, First Data, Chase or any other major American company, it is important to know that you have rights.

And among these, a right too often ignored: the right to close your account without charge as soon as there is an increase in fees or rates.

👉 Take two minutes: look at the last page of your monthly statements.

Often, this is where they slip in a small "announcement" of a change in fees, rate adjustment, or change in your account conditions.

And as soon as such an announcement appears, you have the full right to cancel your contract, without any penalty.

This is a great way out if you finally want to work with a local, transparent and human supplier, like Monark Solutions.

We believe that every local business deserves a local partner, not an anonymous giant.

⚖️ What the Canadian Code of Conduct says

According to the Financial Consumer Agency of Canada (FCAC), the Code of Conduct for the Canadian Credit and Debit Card Industry clearly states:

"If a supplier introduces a new fee or increases an existing card-related fee, they must notify the merchant 30 to 60 days before it takes effect.

The merchant then has the right to notify the customer that they are terminating the contract without penalty within 70 days of the change taking effect.

(Source : canada.ca – Merchants' Rights)

And if you have not received proper notice, you can cancel immediately and without charge.

These rules apply to all suppliers operating in Canada — whether they are local or foreign.

✨ In summary

• 📈 Rate increase? You can leave without penalty.
• 💬 No clear notice? You can leave without charge.
• 💡 Looking for a local partner? Now's your chance to do it.

Monark Solutions is already supporting several businesses that have taken advantage of this rule to free themselves from overly expensive contracts and regain flexibility.

Because your business deserves better than a monthly surprise on your statement.