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.
References in periodicals archive ?
Checking account fees have been increasing as lenders adjust to federal banking laws and regulations enacted after the 2008 financial crisis.
This is despite the fact eight out of 10 people underestimate how much they pay in current account fees by as much as 50%.
The operator is presenting a banking service that has no monthly account fees, transaction charges or minimum monthly balance.
BRUSSELS, May 8 (KUNA) -- The European Commission Wednesday published proposals for a legislation on the transparency and comparability of bank payment account fees, account switching and access to a basic payment account.
Averages for several checking account fees and minimum balance requirements also dropped, suggesting that banks are responding to a consumer backlash.
The new product benefits include free funeral cover benefit, no monthly account fees and free inContact amongst others.
Account alerts are designed to quickly deliver important messages to bank customers and credit union members with the intention of helping them avoid situations like account fees and fraud.
Perhaps the most meaningful advice is given when he explains how to save money by negotiating loan rates and account fees.
Its ratings reflect historic risk-adjusted performance, taking into account fees and other sales charges, and may change monthly.
11, 2000, continues its mission to use cost savings derived from its branchless delivery model to provide customers with higher yields on deposits, lower account fees, better loan rates, and more convenient service compared to branch banks.
Over the past year, the company has expanded its product studies to include cash management, personal and business account fees, sweep accounts, earnings credit, and mystery shopping.
Successful implementation of a rate increase as planned and collection of delinquent account fees would result in a reevaluation of the city's water and wastewater rating.