Activity Charge
Barron's Banking Dictionary:
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Activity Charge
Fee charged to cover servicing costs. Some activity fees are triggered when the account balance falls below a certain level, for example, a monthly service charge on a checking account. Others are transaction fees based on account usage, for example, an item charge for checks written or a service charge for automated teller machine withdrawals. See also Account Analysis; Break-Even Yield; Minimum Balance; Target Balance.
Investopedia Financial Dictionary:
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Activity Charge
A fee charged to cover the servicing costs of an account. An activity charge is triggered by an activity or event, and should follow a fee schedule outlined in the account contract. These fees can be based on teller and non-teller activities.
Investopedia Says:
Activity charges can be all encompassing; for example, a monthly service charge on a checking account may cover a certain number of transactional items. A different account may charge only per-item fees, such as a fee for each check written or each account withdrawal. A very common activity charge is the service charge for an automated teller machine (ATM) withdrawal at a bank other than your own.
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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