The term bank charges refers to any fee or charge that a bank makes to its customers. Generally when you hear ‘bank charges’ used, it will be in regards to a current account or checking account.
There are various different types of bank charges, some of which are one-off and are generated by the actions of the customer, and others are regular payments required for the provision of a particular account.
It’s important you understand the different forms that bank charges can take, so that you can make informed financial decisions. Here are some examples of situations in which your bank might charge you:
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