Just as profitability can be obtained with the financial products of banks, we will also have to pay for the use of their services. Normally, we will pay for those services that some operation requires by the bank, and whose management is essential to be carried out.
In short, the commissions are small payments that the bank makes to the consumer for the use or some operations that they carry out. Normally, it is something that is usually charged from the bank account automatically. That is, when the timely operation that requires payment is carried out, it will be charged from the user’s account.
The commissions will have been signed by the user prior to the establishment of the bank account, so they will be aware of those existing commissions.
What are bank accounts?
The accounts are deposits of money used to support banking operations that routinely perform (income, payments, debits, transfers, ATM…). It could be understood as a contract between the client and the bank, where the holder deposits an amount of money and the entity acquires the commitment to safeguard it. In bank accounts the holder can use his money at any time.
Bank accounts allow us to carry out any of the banking operations that we carry out on a day-to-day basis. Thanks to them we can get money whenever we want, make payments, or receive our monthly payroll. Bank accounts can be materialized in the form of a checking account or savings book. In addition, the accounts allow us to access another series of linked products such as credit cards, or debit cards, insurance, deposits, mortgages, etc.
There are different kinds of bank accounts that have different characteristics. Each of them has includes agreements and clauses that determine the costs or profitability they offer. In addition, they can be complemented with gifts, discounts on purchases or many other advantages.
Types of commissions on bank accounts
There are many commissions that a bank can impose on a user. It will depend on the type of bank account that the consumer has contracted so that they are presented more or less. Below we show you the most common commissions that we can find.
Maintenance fee
This is usually the most normal and recurring commission of the banks. For the simple fact of having the bank account open, they will charge us a small commission. It will depend on the entity, and on our commissions to charge us more or less.
Administration commission
It is also usually a commission of the most common among banks. These commissions are usually given for each transaction that we carry out with a bank account. Usually it is low cost. Although we do not allow ourselves to be trusted, a low cost and with several operations the commissions charged to the consumer can be somewhat expensive.
Commission for income of money
Depositing money into the account, depending on how much it is, can generate a commission from the bank.
Commission for SMS notifications
If we want the bank to notify us of all the transactions that are being made in our account, we can activate the SMS sending service. This service will notify us with an SMS on the phone that we have provided of everything that is happening in our account, although for this they will charge us a small commission.
Commission for credit / debit card fee
Having a credit or debit account entails other maintenance expenses for the bank consumer. Normally, for the opening and sending of the credit card to the client, an amount is usually charged, which will be deducted from the account associated with said card.
Commission for withdrawing money from ATMs
When we need cash, withdrawing money from an ATM will be the usual thing. The bank may charge us a commission for withdrawing money from an ATM. However, this operation is being increasingly accepted, and banks charge less for it. It is only reserved to pay commissions when money is withdrawn from different branches to that of the entity in which we have the account.
Commission for bank overdraft
When the consumer can not meet the payments he has generated, it is said that there is a bank overdraft or that he is in the red. You have spent more than you had. For this reason, the bank has lent us money to be able to face other debts or to withdraw money. But of course, not free. The bank overdraft commission will vary depending on the money you have lent us, the days in which we are in “red numbers” and other factors that will cause the commission to increase with each passing day.
Commission for claiming debtor positions
It is linked to the previous commission, which implies that the bank notifies us that we have a bank overdraft in the bank. In addition, running out of funds in the bank involves many expenses: the two already mentioned and even the interest generated by the bank loan, which will increase depending on the amount that we have covered.
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