blaqbarbie656
blaqbarbie656 blaqbarbie656
  • 23-03-2021
  • Mathematics
contestada

why do banks charge for transaction fees?​

Respuesta :

nabiak32778
nabiak32778 nabiak32778
  • 23-03-2021

Answer:

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.

Step-by-step explanation:

have a nice day ;)

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p384477 p384477
  • 05-05-2022

Answer:

A possible answer could be:

Charging small fees for a specific service is another way to pay for that service and to help the bank make money. Fees are also used to discourage bad behavior, like making overdrafts.

Step-by-step explanation:

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