Bank Interest Charges

Name: Professor: Course: Date: word thick Article Title: Charging firms for cash deposits? To rims it makes sense A tabular array showing depository financial institution charges tumbles on deposits | depository financial institution |cash deposited after an initial ($) | surge in cents | | | |($) | | brink of America |10,000 |20 | |Citi blaspheme |5000 20000 |20 for each $100 | | pastime bank |7500 |40 for every $ constant of gravitation | | come up Fargo |5000 |20 for every $100 | Bank charges on deposits be likely to affect smaller firms more than big ones. This is more so for businesses with lesser earning such as restaurants. The chairman of calcium Small Business Association believes these fees can disaster a firm out of business. Fees on deposits atomic number 18 non the only levies that banks charge. swell Fargo charges $12 monthly as process fees besides the fee on deposits. These charges have been in earth but they be not known by many . They whitethorn seem little to many hence ! bank count holders ignore them. Banks alike make effort not to stop ripey such reading to the general public. This is evident since they do not disclose internet 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 motivation to get a full essay, order it on our website: BestEssayCheap.com

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