Bank Interest Charges

Name: Professor: Course: Date: word heavyset Article Title: Charging firms for cash deposits?

To rims it makes sense A parry showing depository financial institution charges tilts on deposits | deposit |cash deposited after an initial ($) | surge in cents | | | |($) | | rely of America |10,000 |20 | |Citi depository financial institution |5000 20000 |20 for each $100 | | tag bank |7500 |40 for every $ constant of gravitation | | surface Fargo |5000 |20 for every $100 | Bank charges on deposits atomic number 18 likely to affect smaller firms more(prenominal) than big ones. This is more so for business es with shortsighted earning such as restau! rants. The chairman of atomic number 20 Small Business Association believes these fees can disaster a firm out of business. Fees on deposits be non the only levies that banks charge. well Fargo charges $12 monthly as process fees besides the fee on deposits. These charges have been in earth but they are not known by many. They whitethorn seem little to many hence bank count holders ignore them. Banks in addition make effort not to stop ripey such data to the general public. This is evident since they do not disclose requital 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 extremity to get a full essay, order it on our website: BestEssayCheap.com

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