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If you wrote 20 checks a month what fees whould you pay to each financial institution?

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Answer:

The fees associated with writing checks can vary depending on the financial institution and the type of account. However, here are some common fees that may be associated with writing 20 checks per month:

1.Monthly Account Maintenance Fee: Some banks charge a monthly fee for maintaining a checking account. This fee can range from a few dollars to over $20 per month, depending on the bank and account type.

2.Per-Check Fee: Some banks charge a fee for each check you write, typically around $0.25 to $1.00 per check. If you write 20 checks per month, this fee could add up to $5 to $20 per month.

3.Overdraft Fee: If you write a check that exceeds the balance in your account, you may be charged an overdraft fee. This fee can range from $30 to $40 or more per overdraft.

4.Stop Payment Fee: If you need to cancel a check you wrote, you may be charged a stop payment fee. This fee can range from $15 to $35 per request.

It's important to check with your specific financial institution to determine what fees may apply to your account.

Explanation:

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