Commission-Free Banking

Bank Charge
A bank charge refers to the amount charged to a customer by a bank for specific transactions, such as depositing a cheque or making a withdrawal from an automated teller machine (ATM). While personal account holders may frequently enjoy periods of commission-free banking, business customers usually incur various tariffs.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.