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It depends on what charges you are talking about here. If the bank has charged you by mistake then by contacting the bank and raising a request you can get the bank revert/remove those charges. Ex: If the bank charges you $25 for not maintaining the minimum balance even though you hold a 0 balance checking account, you can raise a written request and the bank would deposit the $25 back to your account.
What else can I help you with?
What is the reason for overdraft charges from a bank?
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
What is journal entry for bank charges?
bank charges a/c debit to cash a/c credit
What journal entry is needed to debit for bank service charges?
[Debit] Bank service charges [Credit] Bank account
What is the journal entry for bank services charges?
[Debit] Bank service charges xxxx [Credit] cash / bank xxxx
Calculation of lc confirmation charges?
LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
What does Bank charges mean?
what does banking charges mean
You get paid by check if you get bank charges who pays?
The person who receives the cheque payment (You) pays the bank charges.
What is bank services charges?
it is the value of what you are offered in the bank.
How do you record bank charges in tally 9?
create bank charges ledger under expenses....n make a entry.
After repo and auction would it be smart to pay off remaining balance with a credit card just to get away from the bank?
Depends on what interest rate the card charges and what the bank charges. Probably NOT. Your CR already has a repo on it, paying it off wouldn't remove that unless you did some magical negotiations with the bank, soo what would you gain?? Good Luck
What is the difference between bank charges and government taxes and duties on a bank statement?
Bank charges are fees charged by and received by the bank. Government taxes and duties are fees withheld by the bank and forwarded to the respective government.
Can a bank overdraw your account to pay their own charges?
It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.
