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Q: When can you be charged a fee for a traditional savings account?
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What if your bpi savings account with passbook is below the maintaining balance?

You'd be charged a certain fee for going below the maintaining balance.


What is an NSF fee?

A fee charged for insufficient funds in an account.


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An annual fee is an additional fee that is charged yearly for your account. It is not related to the account spending but rather the convenience of the card itself.


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A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


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You may be charged an overdraft fee.


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What is an overdraft protection fee?

An overdraft protection fee is a fee assessed to your account when: 1. You have set up overdraft protection for your checking account, usually in the form of a savings account or line of credit/credit card; and 2. You spend more money than you have in your checking account. Overdraft protection transfers money from the linked savings account or line of credit/credit card in order to pay for the expenses that you did not have enough money for in your checking account. There is a fee for this transfer, but it is usually much less - sometimes a savings of 50% - than an insufficient funds fee, which you receive when you spend more money than you have and do not have overdraft protection.