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A fee is charged partly because it takes someone working for bank time to generate the duplicate and ship/post it, and that person has to be paid by the bank, so the bank charge for the time spent.
If fully computerised & sent by e-mail, the computer also costs money to buy, maintain and supply electricity to, and the bank have to pay for access to the internet.
The mian reason is simply because they can charge for a duplicate, and as there is no other way to get a duplicate ther is no choice but to pay.
What else can I help you with?
How do you request for bank statement?
You contact (call, write, email) the bank where you hold the account and ask for a statement of your account. Some banks charge a fee for this service so don't forget to ask about any charges to get a statement.
Will merchant receive fee adjustment on credit card refunds?
With most processing banks, the answer is NO, worse yet some processing banks charge a fee for the refund, as well as the original transaction.
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.
What is the foreign transaction fee for Bank of America?
It is 3%. Typically Visa or Mastercard charge 1% and then banks charge an additional 2%, thereby making it 3% on the whole.
Do all banks offer checking account?
Yes, all major banks offer checking accounts. However, some may charge a monthly service fee, whereas other banks offer free checking.
What is it called not having enough money in the bank?
Insufficient Funds. Most banks will show INS on your statement and most will charge a fee for this.
How do you request for bank statement?
You contact (call, write, email) the bank where you hold the account and ask for a statement of your account. Some banks charge a fee for this service so don't forget to ask about any charges to get a statement.
Do all US banks now charge a fee for providing one with foreign currency?
Not all Banks charge for foreign currency, but most of the larger national banks do charge.
What banks do not charge a fee to cash out of country check?
All banks will charge you for collection of an out of country check. Since the process of check collection of an out of country check involves liaising with banks from other countries, banks usually charge a fee to the person who is cashing that check. It will take 2-3 weeks to get your cash from an international check.
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.
Why bank offer refinancing?
Banks charge a fee to you to refinance, so they make money on it.
Will merchant receive fee adjustment on credit card refunds?
With most processing banks, the answer is NO, worse yet some processing banks charge a fee for the refund, as well as the original transaction.
Do most banks charge a fee to use online banking?
Most banks do not charge for online banking. They charge for bill pay online, POS fees, Insufficient Fund Fees and other fees.
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 all banks have debit card charges?
I think every bank has a charge somewhere hidden in there, Chase I know has a yearly maintnence fee. Although some banks do charge a monthly fee if you do not use your card. I choose the yearly fee because even if I do not use my card for months my account is still the same price and not locked.
What fees do banks charge to convert Euros to Pounds?
The typical fee that most banks charge to convert Euros to Pounds is about three to six percent. The amount changed depends on the bank but will fall in this range.
Do banks exchange Guernsey currency?
Yes. Although it is legal tender only on Guernsey, it can be exchanged. Most banks charge a small fee for currency exchange.
