Bank Interest Charges

Name: Professor: Course: Date: word abridgment Article Title: Charging firms for cash deposits?

To rims it makes sense A control panel showing depository financial institution charges tips on deposits | trust |cash deposited after an initial ($) | surge in cents | | | |($) | | cant of America |10,000 |20 | |Citi swear |5000 20000 |20 for each $100 | | dog bank |7500 |40 for every $ constant of gravitation | | surface Fargo |5000 |20 for every $100 | Bank charges on deposits atomic number 18 likely to affect smaller firms more than big ones. This is more so for businesses with bittie earning such as restauran ts. The chairman of atomic number 20 Small! Business Association believes these fees can disaster a firm out of business. Fees on deposits ar non the only levies that banks charge. rise up Fargo charges $12 monthly as process fees besides the fee on deposits. These charges have been in earth but they are not known by many. They whitethorn seem little to many hence bank count holders ignore them. Banks excessively make effort not to stop ripey such learning to the general public. This is evident since they do not disclose compensation form deposits although they account for around a third of banks total revenues. Although these bank charges may seem little, they are quite substantial considering the thousands or even millions of deposits that banks receive periodically....If you pauperism to get a full essay, order it on our website: OrderCustomPaper.com

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