Service Charge

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Dictionary Says

Definition of 'Service Charge'

A type of fee charged to cover services related to the primary product or service being purchased. For example, a concert venue may charge a service fee in addition to the initial price of a ticket in order to cover the cost of security or for allowing electronic purchases. Another example would be a fee for using the ATM of a competing bank.
Investopedia Says

Investopedia explains 'Service Charge'

Services fees go by a number of different names depending on the industry, including booking fees (hotels), security fees (travel), maintenance fees (banking) and customer service fees. These fees are often levied when human interaction between a consumer and the company is involved, with services beyond the physical good itself considered extra.
Search results for

'Service Charge'

  • The Ins And Outs Of Bank Fees

    http://www.investopedia.com/articles/pf/07/bank_fees.asp
    ... Oh, you better believe the bank will charge you. Banks do provide an important
    service, but it's crucial to remember they don't do it for free. ...

  • Series 6 Study Guide - FINRA Conduct Rules - FINRA Conduct Rule ...

    http://www.investopedia.com/exam-guide/finra-series-6/finra-rules/finra-conduct-rule-2830-investment-company-securities.asp
    ... For investment companies that do have an asset-based sales charge, the maximum
    aggregate sales charge is 6.25% if a service charge is also imposed. ...

  • Series 26 Study Guide - Sales Activities - FINRA Conduct Rule 2830 ...

    http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2830.asp
    ... For investment companies that do have an asset-based sales charge, the maximum
    aggregate sales charge is 6.25% if a service charge is also imposed, or 7.25% if ...

  • Can't Get A Loan? Turn To Your Neighbor

    http://www.investopedia.com/articles/pf/09/peer-to-peer-loans.asp
    ... It does, however, allow the P2P company to deduct a 1% service charge on the
    loan. ... We already mentioned the service charge for the lender. ...

  • Lending Clubs: Better Than Banks?

    http://www.investopedia.com/articles/pf/09/lending-clubs.asp
    ... There is typically a service charge of 1% for lenders when they make a
    loan which reduces the yield on the interest of the note. ...

  • Full-Service Brokerage Or DIY?

    http://www.investopedia.com/articles/stocks/08/fees-commission-value.asp
    ... They wonder: Why pay a load to a full-service broker, when I can access the
    same professional management without paying a sales charge? ...

  • Your First Checking Account

    http://www.investopedia.com/articles/younginvestors/07/checking_account.asp
    ... Service Charges While banks are traditionally thought of as generating income from
    the interest they charge customers to borrow money, service charges were ...

  • Payday Loans Don't Pay

    http://www.investopedia.com/articles/pf/07/payday_loan.asp
    ... When a state won't accept the "service charge" loophole, lenders will often take
    advantage of this by setting up shop in places with no restrictions on the ...

  • The Pros And Cons Of Internet Banks

    http://www.investopedia.com/articles/pf/11/benefits-and-drawbacks-of-internet-banks.asp
    ... They can help you solve problems such as reversing an undeserved fee or service
    charge. Your banker will also get to know you and your unique needs. ...

  • Introduction To Annuities: Variable Annuities | Investopedia

    http://www.investopedia.com/university/annuities/annuities6.asp
    ... Administrative Service Charge – This charge covers the money management features
    discussed earlier, such as asset rebalancing and dollar-cost averaging, as ...

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