Posted in Finance, Accounting and Economics Terms, Total Reads: 366
Definition: Activity Charge
A fee or a sum charged to the customer for an activity done or used. It can be a pre determined fee schedule or can be charged on per activity basis. This charge helps the bank or any other institute to cover up their costs.
Activity charge is an additional fee which the service provider charges, for which they have to have additional costs for maintenance, upgradation etc. Its a nominal sum which is charged for the additional services. It is not a mandatory service which the customer has to use but if he/she uses the service,they have to pay the fee.
A bank charges an annual maintenance charge for savings bank account.
The customer is charged certain sum for using the ATM service of any other bank