BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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you deposit too much money at once
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you withdraw money too often
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you open an account online
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you close the account
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Detailed explanation-1: -Key Takeaways. A savings account withdrawal fee is a flat charge made when you make more withdrawals or transfers than a stated limit. Depending on the institution and account type, savings account withdrawal fees typically range from $1 to $15. Limits may vary by number and period type.
Detailed explanation-2: -Typical savings accounts come with a monthly maintenance fee and an excessive withdrawal fee; both can be avoided if you meet certain conditions in using your account. Incidental fees, which are charged for specific services, often hide in the fine print of fee schedules, which not all banks make readily available.
Detailed explanation-3: -Regulation D required savers to be careful about how many transfers or withdrawals they made. If you went over the monthly limit, your bank could potentially charge you a fee per excess withdrawal, close your savings account or convert it to a checking account.
Detailed explanation-4: -It should be noted that transactions include financial and non-financial transactions at ATMs. The maximum fee charged is Rs 21 per transaction. While Citi Bank still offers unlimited free transactions, IDBI Bank offers free unlimited transactions at its ATMs and five free transactions at other ATMs.