Bank Hidden Charges: Bank deducts charges for these services, the customer does not even know...
Banks charge fees from customers for every service they provide. From maintaining a minimum balance in a savings account to closing the bank account, banks deduct charges from your account. Of course, these things are there in the terms and conditions of the bank, but generally, this information is not given to the customers at the time of opening the account. We all often do transactions with the bank, and the bank imposes its charges for this work. The bank provides services to its customers both online and offline (Offline banking facilities). Let us tell you that some of these services are free while on some the bank charges you. We are telling you about some such charges, which banks collect from you, but generally do not give information about to the customers.
This service is free
The bank provides free ATM cards, checkbooks, and online services to its existing customers for free. But you are charged for some services.
Charges for services
According to sources, banks provide information to their customers about all the charges for Basic Services. If any change is made in this by the bank, then the bank provides you information about it. However, you can get complete information from the bank's official website and mobile apps.
These are the charges, see details
If you keep the money deposited in your account less than the minimum limit from the bank, then you will have to pay a penalty.
- You have to pay an annual fee for a debit card.
- Fees are charged from you for repeated issuance of a checkbook or its bounce.
- You pay payment transfer fees from the bank based on the amount fixed by the bank.
- Charges have to be paid on cash withdrawal and deposit according to the amount.
You have to pay a fee for home banking services like cash delivery.
- If you apply for a loan, there will be a processing fee, documentation charge, and application fee and You have to pay the legal charges yourself.
- For loans, some documents have to be submitted to the bank, when you apply for a duplicate copy, some charge is levied on it.
- If the loan is taken at fixed interest rates, then a fee has to be paid for premature closure.
When you avail locker facility in the bank, you have to pay a fee.
- When you make a payment abroad with your debit card, then you have to pay the charge.
You have to pay a charge for getting a demand draft made from the bank and a checkbook with more pages.
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