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Account Fee

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Account Fee
An annual fee that a brokerage, bank, or any other organization assesses on all accounts for the ability to keep an account at that organization. An account fee compensates the organization for the cost of keeping the account open. See also: Inactivity fee, Maintenance fee.


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Customers and members often have more than 20 types of alerts to choose from, including security alerts, bill payment alerts and account fee alerts.
Some may also offer a discounted rate on your credit card as well as lower account fees.
The figure takes into account fees, credit cards, bank debts and student loans, but not mortgage liabilities.
 
 
 
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