5 common hidden bank charges!

By: Team Ifairer | Posted: 29-09-2014

5 common hidden bank charges! , bank, bank charges, bank hidden charges, charges, money transactions, money, bank account, service charges, common charges of bank, bank facilities charges, ifairer

Cheque transaction charges

As such, issuing and receiving cheque payments does not cost anything. But all is not as simple as it appears. If a cheque is returned without being paid, it carries a penalty. In case of intercity payment via cheque, a bank has to bear additional costs of clearing, which it draws out from the customer's account. Asking a bank to withhold cheque payments also carries charges. For instance, Axis bank charges Rs.100 every time you ask for holding a cheque payment. Requesting cheque books beyond an allowed quota too has a price. Banks usually charge customers Rs.2 per cheque. This means, if you ask for a booklet with 50 cheques, it costs Rs.100.

bank, bank charges, bank hidden charges, charges, money transactions, money, bank account, service charges, common charges of bank, bank facilities charges, ifairer

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