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What is fee income?

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โˆ™ 2007-10-16 16:53:46

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Fee income is the income that is generated off products such as NSF or Overdrafts, account service charges, etc. These fees are generally pure profit and very lucrative to banks

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โˆ™ 2007-10-16 16:53:46
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What is the journal entry for 'Received Fee Income in cash'?

[Debit] Cash / bank [Credit] Fee income


Fee based income in banks?

any income generated out of a transaction which does not actually involve the funds of the bank can be considered as fee-based income


Fee based income?

Fee based income is defined as income that is generated from fees that are assessed to customer accounts. In banking it is the income that comes from transactions that do not involve bank funds.


What are the advantages of a fee income?

You get it in cash


Is it acceptable to charge a client a fee based on the net income reported on the audited income statement?

nope


Is an executor fee taxable?

It is considered income. That means it is subject to city, state and federal income tax.


Is tuition fee paid for self exempted from income tax in India?

No


Is management fee included under business income coverage?

Yes


What are the requirements for a no fee remortgage?

The requirements for a no-fee refinance mortgage are being in good standing with your current mortgage, having sufficient income, and having a good debt-to-income ratio. The requirements for a no-fee refinance mortgage are essentially the same as for any other type of mortgage.


What is the primary source of fee income for small banks?

The primary source of fee income for small banks comes from overdraft fees. Most banks charge an average of $25 to $35 per overdraft.


What type of revenue typically comprises net fee and commission income trading revenue and other income?

Interbank revenue


Does an independent administrator who is paid a fee for an estate have to pay taxes on that fee?

Taxable gross income includes professional fees paid to you.


Can you file for divorce for free in Louisiana if your spouse is incarcerated?

If you file , the filing fee is based on your income. If you are broke, you can file for a fee waiver.


What are non fee baseed income for banks?

Banks make profit and generate revenue by two ways:By charging you a fee for the services they provide youBy lending the money you have deposited into your account, to other loan customers and getting an interest on the same.Interest income is the highest revenue and profit generator for any bank. And this is the non-fee based income for banks


What should you do if your child support fee is over your monthly income?

Get another job.


What are the fee based income for banks?

Any income which is non interest income is fee income for banks. along with the obvious culprits like insurance, Mutual Fund insurnace etc. it includes locker charges, levies on account- cheque related, account maintainence related etc. The new spheres are bond sales, FX etc.


Where can you file your income tax?

You can file your income tax online both free and for a fee depending on the services that you want. Also, there are companies that will do it for you in person.


Mississippi income garnishment laws?

What is the maxiam fee I can charge someone for garnishment withholdings


What are the sources of income for soccer players?

Their salary, percentage of transfer fee and advertising deals.


What is the Admission fee at SRM for b.tech under management quota?

The admission fee at SRM for T tech under management quota can vary. Sometimes the admission fee can be waived if you below a certain income level.


What is the journal entry to record collected fees?

Debit cash / bankCredit fee income


Where can I take an income tax classes to help me?

You can find income tax classes on the net. Check out www.thetaxcollege.com/. They will provide you with a free income tax class. You can also visit www.theincometaxschool.com/ and pay a small fee.


What is fee income of banks?

There are many fee's charged by banks. Some are: a. Annual account maintenance fee b. Fee for not maintaining the minimum stipulated balance in the account c. Fee for check bounce d. Fee for additional checks in a year (beyond a minimum number) e. Fee for late payment of loan instalments f. Etc


How to improve Strategies for increase in fee based income in banks?

The best strategies for increasing fee-based income in banks involved improving products offered to clients. Products with reasonable fees and the prospect of good clients returns will attracy customers. Quality sells.


What is the journal entry for fees earned?

Debit cash / bank / accounts receivableCredit fee income