Question

Why do bank charge transaction fees?​

Answer 1

To make a profit and pay operating expenses, banks typically charge for the services they provide. When a bank lends you money, it charges interest on the loan. Even fee-free checking and savings accounts have some fees. ...

Answer 2

To make a profit and pay operating expenses, banks typically charge for the services they provide. When a bank lends you money, it charges interest on the loan. Even fee-free checking and savings accounts have some fees. ...