BANKING AFFAIRS

Detailed explanation-1: -Answer. Explanation: Bank overdraft fees are the highest of all banks fees, at around $35 per overdraft. Returned deposit fee. When a bank customer deposits a check that bounces, that customer will likely incur a returned deposit fee to cover the costs of handling the missing funds.

Detailed explanation-2: -Overdraft fees are incurred when you spend more money than you have available in your bank account, and banks typically charge around $35 per instance, meaning that you can be charged multiple overdraft fees in a single day.

Detailed explanation-3: -Overdraft fee This is the most expensive and common type of fee you may incur since you can incur it several times a day. How to avoid overdraft fees: The simplest way to avoid overdraft fees is to maintain a positive account balance at all times.

Detailed explanation-4: -Overdraft fees occur when you don’t have enough money in your account to cover your transactions. The cost for overdraft fees varies by bank, but they may cost around $35 per transaction. These fees can add up quickly and can have ripple effects that are costly.