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 ?
To make it easier to get started, Honest Dollar will waive its account fees through 2018.
Were charged offset account fees after their loan had been discharged or changed to a kind that could not be linked to an offset account.
BANKING AND CREDIT NEWS-March 22, 2016-Moneyfacts claim bank current account fees are normal
However, if no deduction is forthcoming because the client's income is too high, then it's best to deduct the IRA fees from the IRA and the taxable account fees from the taxable account.
I would like to request that Barclays repay all the charges in relation to account fees, overdraft interest, reserve usage and unpaid items that have been applied to my account in the past six years.
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%.
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.
Analysts believe that the renewed focus on customer relationships is to mend relationships with customers of the bank who had been charged with high account fees in recent times.