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A monthly account fee is a charge that financial institutions, such as banks or credit unions, impose on customers for maintaining an account, typically a checking or savings account. This fee can cover various services, including account maintenance, online banking, and customer support. Fees may vary based on the type of account and the institution, and they can sometimes be waived if certain conditions are met, such as maintaining a minimum balance or setting up direct deposits.

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1d ago

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What is a no-fee checking account?

A No Fee checking account is one in which the bank does not charge you any fees like monthly fee, minimum balance fee, transaction fee etc. these fees are usually charged by most banks to their checking account customers. Not many banks offer such no-fee checking accounts.


Katrina's bank statement shows a closing balance of 172.62. There are no outstanding checks or deposits. Her checkbook shows a balance of 190.62. What might account for the different balances?

Transposing of numbers - Apex


What are the disadvantages of a passbook savings account?

The disadvantages are that there may be a monthly fee for going under the minmum limit.also your intrest can be figured in various different ways.


What kind of fees can I expect when I have a checking account?

State laws vary, but if your account is dormant for a long time -- usually three or five years -- the bank hands the proceeds to the state, but not before deducting a hefty fee. Some accounts charge a monthly fee no matter what the balance as a form of "account maintenance". Banks differ but, generally, if you close an account within 90 or 180 days, you'll be charged a fee. If you overdraw your account and the bank pays the check or debit, it will charge you a fee. The benefit is your check doesn't bounce and you don't get charged a fee by the business that accepted your check.


What type of checking accounts are offered at Wells Fargo?

· Checkingo PMA Prime Checking Account§ Monthly service fee waived if combined PMA Package relationship balance at statement cycle is $25,000+§ $30 per month if noto Complete Advantage Checking§ Monthly service fee waived when you have three other accounts or services plus one of the following:· Monthly automatic transfer of $75 to savings account· A linked Wells Fargo Home Mortgage· $5,000 combined minimum deposit or credit balances§ $15 per month if noto Custom Management Checking§ Monthly service fee waived when you have three other accounts or services and one of the following:· Save as You Go transfer· Daily automatic transfer of $25 or more· Qualifying Direct Deposit· A monthly automatic loan/line of credit payment from this account· $1,000 minimum daily balance§ $10 per month if noto College Checking§ Monthly service fee waived with one of the following:· When account is linked to a Wells Fargo PMA package· When account is linked to a campus ATM or campus debit card· When you have three other accounts or services and one of the following:o $500 average daily balanceo Qualifying Direct Deposit§ $3 per month if not

Related Questions

Do you have to pay for an account for World of Warcraft and how much does it cost?

Monthly fee is about $15.00


What is a no-fee checking account?

A No Fee checking account is one in which the bank does not charge you any fees like monthly fee, minimum balance fee, transaction fee etc. these fees are usually charged by most banks to their checking account customers. Not many banks offer such no-fee checking accounts.


Do Skype numbers have a monthly fee?

You can have a Skype account for free, and talk with other Skype users for free. If you want to use Skype to call regular phone lines, there is a cost for that - but no monthly fee.


Does ING charge a monthly fee for their Orange Account?

"Fortunately, ING does not charge a monthly fee for their Orange Accounts. They even give you a bonus if you open one if you click on an ad on various websites."


How do you make a demo account on guild wars?

u dont have to pay a monthly fee for guild wars


After downloading wow how do you play the game?

Install it, and then you need to sign up for an account with blizzard entertainment. this is NOT a free account. the monthly fee is about $15.00.


Is there a checking account from Bank of America that will allow me to earn interest while my money is in the bank?

There is an Advantage with Tiered Interest Checking where you can earn up to 0.25% APY. If you have a Bank of America Mortgage, or you keep your average daily balance at $10,000, the account has no monthly fee. Otherwise, a monthly fee applies.


Does Age of Conan have a monthly fee?

Yes, the monthly subscription fee is $15


How much is Minecraft and does it have a monthly fee?

Minecraft costs $26.95 and there is no monthly fee.


Do you have to pay a monthly fee for phone access on the ipod touch?

NO monthly fee. That is what is nice about it.


What are the advantages of opening a business account in Bank of America?

There are a variety of advantages of opening a business account in Bank of America. Some of these are no monthly maintenance fee when they meet balance or account qualificaions.


When would it be better to have a checking account with no per-check fee and a monthly fee rather than a checking account that is cost-per check?

It would be more beneficial to pay a monthly service fee instead of per-check fee if you need to write a lot of checks, swipe your debit card for daily transactions, or simply require more services from the financial institution that you are getting a checking account from. Per-check accounts usually don't provide free customer service.