Ledger Folio Charges Meaning In English
Ledger Folio Charges translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
Ledger folio fees are what banks charge to keep an account holder ledger up to date. The ledger serves as a record of all account activity, including deposits, withdrawals, and other transactions. The cost could vary based on the account type and the number of transactions processed throughout the billing period.
Example
These costs are often a part of the account maintenance fees that banks charge, which may also include fees for using an ATM, an overdraft, and closing an account.
Sentence
The costs for ledger folios, or the pages that make up a ledger, are normally charged on a monthly or quarterly basis and are set fees per folio.
