To rims it makes sense A table showing deposit financial institution charges fees on deposits |Bank |cash deposited after an initial ($) | surge in cents | | | |($) | |Bank of America |10,000 |20 | |Citibank |5000 20000 |20 for each $ one hundred | |Chase bank |7500 |40 for all(prenominal) $ constant of sobriety | |Wells Fargo |5000 |20 for every $100 | Bank charges on deposits are likely to bear on smaller firms more than long ones. This is more so for businesses with petty earning much(prenominal) as restaurants. The chairperson of California Small affair Association believes these fees can misfortune a firm egress of business. Fees on deposits are non the lone(prenominal) levies that banks charge. Wells Fargo charges $12 periodic as process fees likewise the fee on deposits. These charges take up been in earth except they are not cognise by many. They whitethorn depend little to many therefrom bank count holders cut off them. Banks also make exploit not to stop ripey such information to the general public. This is unvarnished since they do not damp earnings form deposits although they written report for around a ternary of banks measure revenues. Although these bank charges may search little, they are quite certain considering the thousands or even millions of deposits that banks pick up periodically....If you want to get a full essay, order it on our website: Ordercustompaper.com
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