BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following represent typical account fees?
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ATM fee
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Service fee
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Minimum balance fee
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All of the above
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Explanation:
Detailed explanation-1: -What Are Payments On Account? The legal profession has one of the highest Debtor ratios of any profession. This has led to many firms insisting on payments on account. This means paying money up front towards the legal costs before the work is done. This can apply at the start of the matter and/or during it’s conduct.
Detailed explanation-2: -What Are Bank Fees? The term bank fees refers to any charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services. These fees may be charged on a one-time or ongoing basis.
There is 1 question to complete.