There are some fees and charges associated with certain banking services. Here are a few of them:
Table of contents [Show]
ATM Withdrawals
When we use an ATM to withdraw money from our bank account, there might be a fee. It means that we need to pay a small amount of money to the bank for using the ATM. The bank usually tells us about this fee when we choose online banking, so we know how much we need to pay.
Chequebooks
A chequebook is a special book that the bank gives us to write cheques. Sometimes, the bank charges a fee to give us a new chequebook. This is usually the case when we have asked for extra chequebooks.
Account Maintenance
When we have a bank account, the bank takes care of it and keeps it safe. The bank does some work to maintain our account. For this service, they might charge us a fee. It means we need to pay a small amount of money every month or every year to the bank for maintaining our account.
Other Services
There are some other banking services that might have fees associated with them. For example, if we want to get a statement of our account, which shows all the transactions we made, the bank might charge a fee for it. If we want to transfer money to someone else's account, the bank might charge a fee for that too. These fees are usually small amounts of money that we need to pay to the bank for using these services.
It's important to remember that not all banks charge the same fees. Some banks might charge higher fees, while others might have lower fees. Before we use any banking service, it's a good idea to ask the bank about the fees they charge, so we know how much we need to pay.
